LDEU.L vs. JRZD.L
LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist)) and JRZD.L (JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist)) are both Europe Equities funds. LDEU.L is passively managed, while JRZD.L is actively managed. Over the past 3 years, LDEU.L returned 25.10%/yr vs 16.12%/yr for JRZD.L. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
LDEU.L vs. JRZD.L - Performance Comparison
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Returns By Period
In the year-to-date period, LDEU.L achieves a 15.44% return, which is significantly higher than JRZD.L's 12.63% return.
LDEU.L
- 1D
- 0.17%
- 1M
- 0.73%
- 6M
- 12.07%
- YTD
- 15.44%
- 1Y
- 29.48%
- 3Y*
- 25.10%
- 5Y*
- 17.14%
- 10Y*
- —
JRZD.L
- 1D
- 0.15%
- 1M
- -0.29%
- 6M
- 8.56%
- YTD
- 12.63%
- 1Y
- 22.34%
- 3Y*
- 16.12%
- 5Y*
- —
- 10Y*
- —
LDEU.L vs. JRZD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) | 15.44% | 37.56% | 14.64% | 16.76% | 0.58% |
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist) | 12.63% | 23.20% | 8.54% | 20.11% | 0.90% |
Correlation
The correlation between LDEU.L and JRZD.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.88 |
The correlation between LDEU.L and JRZD.L has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
LDEU.L vs. JRZD.L — Risk / Return Rank
LDEU.L
JRZD.L
LDEU.L vs. JRZD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) (LDEU.L) and JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist) (JRZD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LDEU.L | JRZD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.30 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 2.30 | +2.01 |
| Martin ratioReturn relative to average drawdown | 15.09 | 8.45 | +6.64 |
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Drawdowns
LDEU.L vs. JRZD.L - Drawdown Comparison
The maximum LDEU.L drawdown since its inception was -20.16%, which is greater than JRZD.L's maximum drawdown of -14.99%. Use the drawdown chart below to compare losses from any high point for LDEU.L and JRZD.L.
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Drawdown Indicators
| LDEU.L | JRZD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.16% | -14.99% | -5.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -10.30% | +3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -14.78% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.03% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -2.85% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.81% | -0.86% |
Volatility
LDEU.L vs. JRZD.L - Volatility Comparison
The current volatility for L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) (LDEU.L) is 2.73%, while JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist) (JRZD.L) has a volatility of 4.24%. This indicates that LDEU.L experiences smaller price fluctuations and is considered to be less risky than JRZD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDEU.L | JRZD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 4.24% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 12.35% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 14.79% | -3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 15.53% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 15.53% | -1.29% |
LDEU.L vs. JRZD.L - Expense Ratio Comparison
Both LDEU.L and JRZD.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LDEU.L vs. JRZD.L - Dividend Comparison
LDEU.L's dividend yield for the trailing twelve months is around 3.50%, more than JRZD.L's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JRZD.L JPM Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (Dist) | 2.29% | 2.59% | 2.73% | 3.21% | 1.76% | 0.00% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) | 3.50% | 3.47% | 4.36% | 4.44% | 4.17% | 2.93% |
Frequently Asked Questions
LDEU.L and JRZD.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LDEU.L and JRZD.L have the same expense ratio: 0.25% per year.
They also come from different issuers: L&G and JPMorgan.
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