PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
MVEU.L vs. JRDE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVEU.L vs. JRDE.L

Last updated Jun 6, 2026

MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) 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 iShares and JPMorgan respectively. Both are passively managed. Over the past 3 years, MVEU.L returned 10.44%/yr vs 25.26%/yr for JRDE.L. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

MVEU.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 (Acc) (MVEU.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.

Loading charts...

Different Trading Currencies

MVEU.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, MVEU.L achieves a 6.31% return, which is significantly lower than JRDE.L's 7.22% return.

MVEU.L

1D
0.44%
1M
0.22%
YTD
6.31%
6M
7.60%
1Y
5.80%
3Y*
10.44%
5Y*
7.49%
10Y*
6.63%

JRDE.L

1D
-0.20%
1M
0.57%
YTD
7.22%
6M
9.28%
1Y
58.73%
3Y*
25.26%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.31%11.66%11.79%10.66%-12.67%5.78%
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		7.22%63.46%7.14%16.83%-8.75%-8.84%

Correlation

The correlation between MVEU.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

0.77

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2021

0.82

The correlation between MVEU.L and JRDE.L has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.

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

Sectors
MVEU.L
JRDE.L

Financial Services

17.6%
23.7%

Industrials

14.8%
20.4%

Consumer Defensive

13.1%
7.3%

Healthcare

12.8%
13.3%

Utilities

10.2%
6.0%

Communication Services

9.6%
3.6%

Energy

7.0%
5.2%

Basic Materials

5.5%
5.2%

Consumer Cyclical

3.8%
6.6%

Technology

2.8%
8.7%

Real Estate

1.6%
0.1%

Financial Services

MVEU.L
17.6%
JRDE.L
23.7%

Industrials

MVEU.L
14.8%
JRDE.L
20.4%

Consumer Defensive

MVEU.L
13.1%
JRDE.L
7.3%

Healthcare

MVEU.L
12.8%
JRDE.L
13.3%

Utilities

MVEU.L
10.2%
JRDE.L
6.0%

Communication Services

MVEU.L
9.6%
JRDE.L
3.6%

Energy

MVEU.L
7.0%
JRDE.L
5.2%

Basic Materials

MVEU.L
5.5%
JRDE.L
5.2%

Consumer Cyclical

MVEU.L
3.8%
JRDE.L
6.6%

Technology

MVEU.L
2.8%
JRDE.L
8.7%

Real Estate

MVEU.L
1.6%
JRDE.L
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

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

Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.LMVEU.L vs. EUHD.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. V3EL.LJRDE.L vs. EUHD.LJRDE.L vs. EEIP.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVEU.L
MVEU.L Risk / Return Rank: 2121
Overall Rank
MVEU.L Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 2020
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 2020
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 2121
Martin Ratio Rank
JRDE.L
JRDE.L Risk / Return Rank: 8686
Overall Rank
JRDE.L Sharpe Ratio Rank: 5252
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: 9292
Calmar Ratio Rank
JRDE.L Martin Ratio Rank: 9191
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.

MVEU.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 (Acc) (MVEU.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.

MVEU.LJRDE.LDifference
Sharpe ratioReturn per unit of total volatility
0.67
1.52

-0.84

Sortino ratioReturn per unit of downside risk
0.98
6.14

-5.16

Omega ratioGain probability vs. loss probability

1.12

1.77

-0.65

Calmar ratioReturn relative to maximum drawdown

0.82

5.88

-5.06

Martin ratioReturn relative to average drawdown

2.15

20.88

-18.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MVEU.L Sharpe Ratio is 0.67, which is lower than the JRDE.L Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of MVEU.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.

Loading charts...

Sharpe Ratios by Period

MVEU.LJRDE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.67

1.52

-0.84

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.59

+0.05

Drawdowns

MVEU.L vs. JRDE.L - Drawdown Comparison

The maximum MVEU.L drawdown since its inception was -30.56%, 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 MVEU.L and JRDE.L.

Loading charts...

Drawdown Indicators

MVEU.LJRDE.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.56%

-25.76%

-4.80%

Max Drawdown (1Y)

Largest decline over 1 year

-7.04%

-9.94%

+2.90%

Max Drawdown (3Y)

Largest decline over 3 years

-10.78%

-15.92%

+5.14%

Max Drawdown (5Y)

Largest decline over 5 years

-19.51%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-30.56%

—

—

Current Drawdown

Current decline from peak

-2.64%

-0.92%

-1.72%

Average Drawdown

Average peak-to-trough decline

-4.56%

-7.59%

+3.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.57%

2.79%

-0.22%

Volatility

MVEU.L vs. JRDE.L - Volatility Comparison

The current volatility for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) is 2.52%, while JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) has a volatility of 3.36%. This indicates that MVEU.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.

Loading charts...

Volatility by Period

MVEU.LJRDE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.52%

3.36%

-0.84%

Volatility (6M)

Calculated over the trailing 6-month period

6.90%

10.31%

-3.41%

Volatility (1Y)

Calculated over the trailing 1-year period

8.59%

38.55%

-29.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.06%

23.07%

-12.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.49%

23.07%

-10.58%

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

Both MVEU.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

MVEU.L vs. JRDE.L - Dividend Comparison

MVEU.L has not paid dividends to shareholders, while JRDE.L's dividend yield for the trailing twelve months is around 26.87%.

PositionTTM2025202420232022
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		26.87%28.15%2.68%1.11%2.99%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MVEU.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.

MVEU.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: iShares and JPMorgan.

Portfolio Optimizer

Find the right allocation for MVEU.L and JRDE.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer