SAEU.L vs. JRDE.L

Last updated Jun 5, 2026

SAEU.L (iShares MSCI Europe ESG Screened 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, SAEU.L returned 13.90%/yr vs 13.08%/yr for JRDE.L. With a 0.98 correlation, they move nearly in lockstep. SAEU.L charges 0.12%/yr vs 0.25%/yr for JRDE.L.

Performance

SAEU.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.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.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SAEU.L having a 6.49% return and JRDE.L slightly lower at 6.47%.

SAEU.L

• 1D: 0.70%
• 1M: 4.09%
• YTD: 6.49%
• 6M: 8.72%
• 1Y: 18.84%
• 3Y*: 13.90%
• 5Y*: 9.78%
• 10Y*: —

JRDE.L

• 1D: 0.48%
• 1M: 3.35%
• YTD: 6.47%
• 6M: 8.47%
• 1Y: 18.99%
• 3Y*: 13.08%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021
SAEU.L iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)	6.49%	24.54%	4.11%	15.10%	-5.84%	3.51%
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	6.47%	25.66%	2.21%	14.40%	-3.79%	4.66%

Correlation

The correlation between SAEU.L and JRDE.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.98

The correlation between SAEU.L and JRDE.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

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

Sectors	SAEU.L	JRDE.L
Financial Services	27.0%	23.7%
Industrials	19.3%	20.4%
Healthcare	14.8%	13.3%
Technology	9.9%	8.7%
Consumer Cyclical	5.9%	6.6%
Utilities	5.5%	6.0%
Basic Materials	5.1%	5.2%
Consumer Defensive	4.8%	7.3%
Communication Services	4.0%	3.6%
Energy	2.7%	5.2%
Real Estate	0.9%	0.1%

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SAEU.L

SAEU.L Risk / Return Rank: 41
SAEU.L Sharpe Ratio Rank: 43
SAEU.L Sortino Ratio Rank: 43
SAEU.L Omega Ratio Rank: 44
SAEU.L Calmar Ratio Rank: 35
SAEU.L Martin Ratio Rank: 39

JRDE.L

JRDE.L Risk / Return Rank: 41
JRDE.L Sharpe Ratio Rank: 44
JRDE.L Sortino Ratio Rank: 43
JRDE.L Omega Ratio Rank: 45
JRDE.L Calmar Ratio Rank: 35
JRDE.L Martin Ratio Rank: 39

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.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.

	SAEU.L	JRDE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.53	-0.03
Sortino ratio: Return per unit of downside risk	2.14	2.16	-0.02
Omega ratio: Gain probability vs. loss probability	1.28	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	1.69	1.73	-0.04
Martin ratio: Return relative to average drawdown	6.04	6.00	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SAEU.L Sharpe Ratio is 1.49, which is comparable to the JRDE.L Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SAEU.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.

Sharpe Ratios by Period

	SAEU.L	JRDE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.53	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.72	-0.10

Drawdowns

SAEU.L vs. JRDE.L - Drawdown Comparison

The maximum SAEU.L drawdown since its inception was -28.68%, which is greater than JRDE.L's maximum drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for SAEU.L and JRDE.L.

Drawdown Indicators

	SAEU.L	JRDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.68%	-15.75%	-12.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-10.94%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-12.84%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-17.74%	—	—
Current Drawdown Current decline from peak	-1.11%	-2.07%	+0.96%
Average Drawdown Average peak-to-trough decline	-4.10%	-3.73%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.16%	-0.05%

Volatility

SAEU.L vs. JRDE.L - Volatility Comparison

iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SAEU.L) has a higher volatility of 4.21% compared to JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) at 3.98%. This indicates that SAEU.L's price experiences larger fluctuations and is considered to be riskier than JRDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAEU.L	JRDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	3.98%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	10.55%	10.29%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.57%	12.39%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	14.16%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.74%	14.16%	+2.58%

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

SAEU.L has a 0.12% expense ratio, which is lower than JRDE.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SAEU.L vs. JRDE.L - Dividend Comparison

SAEU.L has not paid dividends to shareholders, while JRDE.L's dividend yield for the trailing twelve months is around 2.19%.

Position	TTM	2025	2024	2023	2022
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	2.19%	2.18%	2.68%	1.11%	2.99%
SAEU.L iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SAEU.L and JRDE.L in my portfolio?

With a correlation of 0.98, SAEU.L and JRDE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SAEU.L or JRDE.L?

On fees, SAEU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SAEU.L or JRDE.L?

SAEU.L is cheaper with a 0.12% expense ratio, compared with 0.25% for JRDE.L.

What is the main difference between SAEU.L and JRDE.L?

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.12% for SAEU.L and 0.25% for JRDE.L.