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MVED.L vs. JRDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVED.L vs. JRDE.L

Last updated Jun 25, 2026

MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from BlackRock and JPMorgan respectively. Both are passively managed. Over the past 3 years, MVED.L returned 11.37%/yr vs 27.13%/yr for JRDE.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

MVED.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MVED.L is traded in EUR, while JRDE.L is traded in GBp. To make them comparable, the JRDE.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVED.L achieves a 7.14% return, which is significantly lower than JRDE.L's 10.07% return.

MVED.L

1D
0.41%
1M
0.27%
YTD
7.14%
6M
7.45%
1Y
9.39%
3Y*
11.37%
5Y*
7.10%
10Y*
—

JRDE.L

1D
-0.14%
1M
2.68%
YTD
10.07%
6M
10.48%
1Y
65.77%
3Y*
27.13%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MVED.L vs. JRDE.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		7.14%11.81%11.70%10.68%-12.60%5.01%
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		10.07%63.46%7.14%16.83%-8.75%-8.84%

Correlation

The correlation between MVED.L and JRDE.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.72

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2021

0.81

The correlation between MVED.L and JRDE.L has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

MVED.L vs. JRDE.L - Sectors Allocation Comparison

Sectors
MVED.L
JRDE.L

Financial Services

17.9%
23.7%

Industrials

16.2%
20.4%

Consumer Defensive

13.8%
7.3%

Healthcare

12.6%
13.3%

Utilities

10.2%
6.0%

Communication Services

8.8%
3.6%

Energy

7.1%
5.2%

Basic Materials

5.2%
5.2%

Technology

3.5%
8.7%

Consumer Cyclical

3.4%
6.6%

Real Estate

1.6%
0.1%

Financial Services

MVED.L
17.9%
JRDE.L
23.7%

Industrials

MVED.L
16.2%
JRDE.L
20.4%

Consumer Defensive

MVED.L
13.8%
JRDE.L
7.3%

Healthcare

MVED.L
12.6%
JRDE.L
13.3%

Utilities

MVED.L
10.2%
JRDE.L
6.0%

Communication Services

MVED.L
8.8%
JRDE.L
3.6%

Energy

MVED.L
7.1%
JRDE.L
5.2%

Basic Materials

MVED.L
5.2%
JRDE.L
5.2%

Technology

MVED.L
3.5%
JRDE.L
8.7%

Consumer Cyclical

MVED.L
3.4%
JRDE.L
6.6%

Real Estate

MVED.L
1.6%
JRDE.L
0.1%

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iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)

JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)

Often compared with MVED.L:
MVED.L vs. MIVO.LMVED.L vs. CSPX.LMVED.L vs. OPEN.LMVED.L vs. WDEP.LMVED.L vs. PRUK.LMVED.L vs. EDIV.LMVED.L vs. CES1.L
Often compared with JRDE.L:
JRDE.L vs. JRDM.LJRDE.L vs. JRDG.LJRDE.L vs. CS1.LJRDE.L vs. EEI.LJRDE.L vs. EUHD.LJRDE.L vs. EEIP.LJRDE.L vs. FLXD.L

Return for Risk

MVED.L vs. JRDE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVED.L
MVED.L Risk / Return Rank: 3131
Overall Rank
MVED.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 3030
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 3232
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 3131
Martin Ratio Rank
JRDE.L
JRDE.L Risk / Return Rank: 8888
Overall Rank
JRDE.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
JRDE.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
JRDE.L Omega Ratio Rank: 9797
Omega Ratio Rank
JRDE.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
JRDE.L Martin Ratio Rank: 9393
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MVED.L vs. JRDE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.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.

MVED.LJRDE.LDifference
Sharpe ratioReturn per unit of total volatility
1.07
1.70

-0.63

Sortino ratioReturn per unit of downside risk
1.49
6.76

-5.28

Omega ratioGain probability vs. loss probability

1.20

1.86

-0.67

Calmar ratioReturn relative to maximum drawdown

1.33

6.58

-5.25

Martin ratioReturn relative to average drawdown

4.06

24.45

-20.38

MVED.L vs. JRDE.L - Sharpe Ratio Comparison

The current MVED.L Sharpe Ratio is 1.07, which is lower than the JRDE.L Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of MVED.L and JRDE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MVED.L vs. JRDE.L - Drawdown Comparison

The maximum MVED.L drawdown since its inception was -30.52%, which is greater than JRDE.L's maximum drawdown of -25.76%. Use the drawdown chart below to compare losses from any high point for MVED.L and JRDE.L.

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Drawdown Indicators

MVED.LJRDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.52%

-25.76%

-4.76%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-9.94%

+2.93%

Max Drawdown (3Y)

Largest decline over 3 years

-10.47%

-15.92%

+5.45%

Max Drawdown (5Y)

Largest decline over 5 years

-19.58%

—

—

Current Drawdown

Current decline from peak

-1.79%

-0.97%

-0.82%

Average Drawdown

Average peak-to-trough decline

-5.06%

-7.51%

+2.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.31%

2.68%

-0.37%

Volatility

MVED.L vs. JRDE.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) is 1.87%, while JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) has a volatility of 2.78%. This indicates that MVED.L experiences smaller price fluctuations and is considered to be less risky than JRDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVED.LJRDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.87%

2.78%

-0.91%

Volatility (6M)

Calculated over the trailing 6-month period

7.12%

10.44%

-3.32%

Volatility (1Y)

Calculated over the trailing 1-year period

8.73%

38.53%

-29.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.00%

22.96%

-11.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.60%

22.96%

-10.36%

MVED.L vs. JRDE.L - Expense Ratio Comparison

Both MVED.L and JRDE.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

MVED.L vs. JRDE.L - Dividend Comparison

MVED.L's dividend yield for the trailing twelve months is around 2.55%, less than JRDE.L's 26.22% yield.

PositionTTM20252024202320222021202020192018
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		26.22%28.15%2.68%1.11%2.99%0.00%0.00%0.00%0.00%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		2.55%2.69%2.56%2.67%2.95%2.16%2.54%2.81%2.51%

Frequently Asked Questions

MVED.L and JRDE.L have a correlation of 0.72, 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.

MVED.L and JRDE.L have the same expense ratio: 0.25% per year.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: BlackRock and JPMorgan.

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