SPOL.L vs. JRDZ.L
SPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) and JRDZ.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - SPOL.L tracks the MSCI Poland NR EUR while JRDZ.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past year, SPOL.L returned 43.43% vs 22.17% for JRDZ.L. At a 0.19 correlation, their price movements are largely independent. SPOL.L charges 0.74%/yr vs 0.25%/yr for JRDZ.L.
Performance
SPOL.L vs. JRDZ.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPOL.L achieves a 15.71% return, which is significantly higher than JRDZ.L's 8.20% return.
SPOL.L
- 1D
- 0.64%
- 1M
- 6.57%
- YTD
- 15.71%
- 6M
- 25.23%
- 1Y
- 43.43%
- 3Y*
- 30.33%
- 5Y*
- 15.01%
- 10Y*
- 10.28%
JRDZ.L
- 1D
- 0.42%
- 1M
- 4.70%
- YTD
- 8.20%
- 6M
- 10.44%
- 1Y
- 22.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPOL.L vs. JRDZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 15.71% | 61.27% | 0.07% |
JRDZ.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 8.20% | 31.47% | -1.85% |
Correlation
The correlation between SPOL.L and JRDZ.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024 | 0.19 |
The correlation between SPOL.L and JRDZ.L shifts across timeframes, from 0.19 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPOL.L vs. JRDZ.L — Risk / Return Rank
SPOL.L
JRDZ.L
SPOL.L vs. JRDZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.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.
| SPOL.L | JRDZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.72 | ||
| Sortino ratioReturn per unit of downside risk | -6.70 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 2.16 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 4.54 | 32.94 | -28.40 |
| Martin ratioReturn relative to average drawdown | 10.87 | 83.74 | -72.87 |
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
| SPOL.L | JRDZ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 6.59 | -4.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 7.14 | -6.98 |
Drawdowns
SPOL.L vs. JRDZ.L - Drawdown Comparison
The maximum SPOL.L drawdown since its inception was -56.64%, which is greater than JRDZ.L's maximum drawdown of -4.00%. Use the drawdown chart below to compare losses from any high point for SPOL.L and JRDZ.L.
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Drawdown Indicators
| SPOL.L | JRDZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.64% | -4.00% | -52.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | -4.00% | -5.51% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -46.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.64% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.05% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -1.05% | -20.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | — | — |
Volatility
SPOL.L vs. JRDZ.L - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) has a higher volatility of 7.21% compared to JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.L) at 4.56%. This indicates that SPOL.L's price experiences larger fluctuations and is considered to be riskier 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
| SPOL.L | JRDZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 4.56% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 17.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 20.18% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.10% | 23.37% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 23.37% | +2.05% |
SPOL.L vs. JRDZ.L - Expense Ratio Comparison
SPOL.L has a 0.74% expense ratio, which is higher than JRDZ.L's 0.25% expense ratio.
Dividends
SPOL.L vs. JRDZ.L - Dividend Comparison
SPOL.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 |
|---|---|---|---|
JRDZ.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) | 2.29% | 2.55% | 0.19% |
SPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPOL.L and JRDZ.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRDZ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRDZ.L is cheaper with a 0.25% expense ratio, compared with 0.74% for SPOL.L.
SPOL.L tracks MSCI Poland NR EUR, while JRDZ.L tracks MSCI EMU NR EUR. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.74% for SPOL.L and 0.25% for JRDZ.L.
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