MVED.L vs. JRDZ.L
MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and JRDZ.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - MVED.L tracks the MSCI Europe NR EUR while JRDZ.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past year, MVED.L returned 2.49% vs 18.86% for JRDZ.L. At a 0.21 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
MVED.L vs. JRDZ.L - Performance Comparison
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Different Trading Currencies
MVED.L is traded in EUR, while JRDZ.L is traded in GBp. To make them comparable, the JRDZ.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 4.65% return, which is significantly lower than JRDZ.L's 9.91% return.
MVED.L
- 1D
- 0.33%
- 1M
- 0.58%
- YTD
- 4.65%
- 6M
- 5.79%
- 1Y
- 2.49%
- 3Y*
- 8.12%
- 5Y*
- 6.05%
- 10Y*
- —
JRDZ.L
- 1D
- 0.33%
- 1M
- 4.50%
- YTD
- 9.91%
- 6M
- 11.79%
- 1Y
- 18.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVED.L vs. JRDZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 4.65% | 8.77% | -1.21% |
JRDZ.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 9.91% | 24.44% | -1.21% |
Correlation
The correlation between MVED.L and JRDZ.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024 | 0.21 |
The correlation between MVED.L and JRDZ.L shifts across timeframes, from 0.21 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MVED.L vs. JRDZ.L — Risk / Return Rank
MVED.L
JRDZ.L
MVED.L vs. JRDZ.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 Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.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.
| MVED.L | JRDZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.62 | ||
| Sortino ratioReturn per unit of downside risk | -6.24 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.85 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 30.56 | -30.20 |
| Martin ratioReturn relative to average drawdown | 0.78 | 70.10 | -69.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MVED.L | JRDZ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 4.90 | -4.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 5.72 | -5.20 |
Drawdowns
MVED.L vs. JRDZ.L - Drawdown Comparison
The maximum MVED.L drawdown since its inception was -30.56%, which is greater than JRDZ.L's maximum drawdown of -5.21%. Use the drawdown chart below to compare losses from any high point for MVED.L and JRDZ.L.
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Drawdown Indicators
| MVED.L | JRDZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -5.21% | -25.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -3.49% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -10.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.54% | — | — |
Current DrawdownCurrent decline from peak | -4.11% | -0.23% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -1.07% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | — | — |
Volatility
MVED.L vs. JRDZ.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) is 2.93%, while JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.L) has a volatility of 4.59%. This indicates that MVED.L experiences smaller price fluctuations and is considered to be less risky than JRDZ.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.L | JRDZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 4.59% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 21.92% | -13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.99% | 24.89% | -13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 24.89% | -12.26% |
MVED.L vs. JRDZ.L - Expense Ratio Comparison
Both MVED.L and JRDZ.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. JRDZ.L - Dividend Comparison
MVED.L has not paid dividends to shareholders, while JRDZ.L's dividend yield for the trailing twelve months is around 2.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JRDZ.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 2.29% | 2.55% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 0.00% | 0.00% | 0.00% | 2.67% | 2.95% | 2.16% | 2.54% | 2.81% | 2.50% |
Frequently Asked Questions
MVED.L and JRDZ.L have a correlation of 0.36, 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 JRDZ.L have the same expense ratio: 0.25% per year.
MVED.L tracks MSCI Europe NR EUR, while JRDZ.L tracks MSCI EMU NR EUR. They also come from different issuers: BlackRock and JPMorgan.
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