MVED.L vs. JREE.L
MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) and JREE.L (JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from BlackRock and JPMorgan respectively. Both are passively managed. Over the past 5 years, MVED.L returned 6.05%/yr vs 9.91%/yr for JREE.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
MVED.L vs. JREE.L - Performance Comparison
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Returns By Period
In the year-to-date period, MVED.L achieves a 4.65% return, which is significantly lower than JREE.L's 7.53% return.
MVED.L
- 1D
- 0.33%
- 1M
- -0.47%
- YTD
- 4.65%
- 6M
- 6.04%
- 1Y
- 2.50%
- 3Y*
- 8.12%
- 5Y*
- 6.05%
- 10Y*
- —
JREE.L
- 1D
- 0.47%
- 1M
- 0.80%
- YTD
- 7.53%
- 6M
- 9.77%
- 1Y
- 15.78%
- 3Y*
- 13.02%
- 5Y*
- 9.91%
- 10Y*
- —
MVED.L vs. JREE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 4.65% | 8.77% | 8.89% | 10.72% | -12.60% | 21.51% | -3.86% | 22.67% | -3.48% |
JREE.L JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) | 7.53% | 19.14% | 7.41% | 16.76% | -8.83% | 25.54% | -1.80% | 28.90% | -5.76% |
Correlation
The correlation between MVED.L and JREE.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.85 |
The correlation between MVED.L and JREE.L shifts across timeframes, from 0.75 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MVED.L vs. JREE.L — Risk / Return Rank
MVED.L
JREE.L
MVED.L vs. JREE.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 UCITS ETF - EUR (acc) (JREE.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 | JREE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.23 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.60 | -1.24 |
| Martin ratioReturn relative to average drawdown | 0.78 | 5.72 | -4.94 |
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 | JREE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.23 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.69 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.66 | -0.13 |
Drawdowns
MVED.L vs. JREE.L - Drawdown Comparison
The maximum MVED.L drawdown since its inception was -30.56%, smaller than the maximum JREE.L drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for MVED.L and JREE.L.
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Drawdown Indicators
| MVED.L | JREE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -35.07% | +4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -9.97% | +2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -10.51% | -16.24% | +5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.54% | -19.25% | -0.29% |
Current DrawdownCurrent decline from peak | -4.11% | -0.51% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -4.52% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.79% | +0.39% |
Volatility
MVED.L vs. JREE.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) is 2.93%, while JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) (JREE.L) has a volatility of 4.49%. This indicates that MVED.L experiences smaller price fluctuations and is considered to be less risky than JREE.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 | JREE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 4.49% | -1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | 10.52% | -3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 12.95% | -4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.99% | 14.45% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.63% | 16.55% | -3.92% |
MVED.L vs. JREE.L - Expense Ratio Comparison
Both MVED.L and JREE.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. JREE.L - Dividend Comparison
Neither MVED.L nor JREE.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JREE.L JPMorgan Europe Research Enhanced Index Equity UCITS ETF - EUR (acc) | 0.00% | 0.00% | 0.00% | 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 JREE.L have a correlation of 0.75, 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 JREE.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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