VERX.L vs. JRDE.L

Last updated Jun 26, 2026

VERX.L (Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - VERX.L tracks the MSCI Europe Ex UK NR EUR while JRDE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, VERX.L returned 15.55%/yr vs 27.65%/yr for JRDE.L. With a 0.96 correlation, they move nearly in lockstep. VERX.L charges 0.10%/yr vs 0.25%/yr for JRDE.L.

Performance

VERX.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.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

VERX.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 investments are quite close, with VERX.L having a 9.47% return and JRDE.L slightly higher at 9.68%.

VERX.L

• 1D: 0.80%
• 1M: 2.48%
• YTD: 9.47%
• 6M: 9.91%
• 1Y: 23.92%
• 3Y*: 15.55%
• 5Y*: 9.67%
• 10Y*: 11.39%

JRDE.L

• 1D: 0.80%
• 1M: 2.70%
• YTD: 9.68%
• 6M: 10.16%
• 1Y: 70.58%
• 3Y*: 27.65%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing	9.47%	26.33%	2.69%	15.21%	-7.06%	2.24%
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	9.68%	72.46%	2.21%	14.40%	-3.79%	-10.33%

Correlation

The correlation between VERX.L and JRDE.L is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021	0.96

The correlation between VERX.L and JRDE.L has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

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

Sectors	VERX.L	JRDE.L
Financial Services	23.7%	23.7%
Industrials	21.2%	20.4%
Healthcare	12.6%	13.3%
Technology	12.1%	8.7%
Consumer Cyclical	7.5%	6.6%
Consumer Defensive	6.4%	7.3%
Basic Materials	4.7%	5.2%
Utilities	4.5%	6.0%
Energy	3.1%	5.2%
Communication Services	3.1%	3.6%
Real Estate	1.1%	0.1%

Return for Risk

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

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

VERX.L

VERX.L Risk / Return Rank: 58
VERX.L Sharpe Ratio Rank: 63
VERX.L Sortino Ratio Rank: 64
VERX.L Omega Ratio Rank: 65
VERX.L Calmar Ratio Rank: 48
VERX.L Martin Ratio Rank: 50

JRDE.L

JRDE.L Risk / Return Rank: 89
JRDE.L Sharpe Ratio Rank: 62
JRDE.L Sortino Ratio Rank: 98
JRDE.L Omega Ratio Rank: 98
JRDE.L Calmar Ratio Rank: 94
JRDE.L Martin Ratio Rank: 94

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VERX.L	JRDE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.81	+0.01
Sortino ratio: Return per unit of downside risk	2.60	7.20	-4.61
Omega ratio: Gain probability vs. loss probability	1.34	1.97	-0.63
Calmar ratio: Return relative to maximum drawdown	2.12	6.42	-4.30
Martin ratio: Return relative to average drawdown	7.61	22.32	-14.71

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

The current VERX.L Sharpe Ratio is 1.82, which is comparable to the JRDE.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of VERX.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.

Drawdowns

VERX.L vs. JRDE.L - Drawdown Comparison

The maximum VERX.L drawdown since its inception was -27.65%, which is greater than JRDE.L's maximum drawdown of -24.20%. Use the drawdown chart below to compare losses from any high point for VERX.L and JRDE.L.

Drawdown Indicators

	VERX.L	JRDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.65%	-24.20%	-3.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.24%	-10.94%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	-12.84%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-20.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.65%	—	—
Current Drawdown Current decline from peak	-0.37%	-0.11%	-0.26%
Average Drawdown Average peak-to-trough decline	-4.56%	-7.30%	+2.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.15%	-0.02%

Volatility

VERX.L vs. JRDE.L - Volatility Comparison

Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) has a higher volatility of 3.27% compared to JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) at 2.96%. This indicates that VERX.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

	VERX.L	JRDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	2.96%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	10.42%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	38.77%	-25.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	22.84%	-8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	22.84%	-7.29%

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

VERX.L has a 0.10% 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

VERX.L vs. JRDE.L - Dividend Comparison

VERX.L's dividend yield for the trailing twelve months is around 2.49%, less than JRDE.L's 26.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JRDE.L JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	26.01%	28.15%	2.68%	1.11%	2.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing	2.49%	2.62%	2.94%	2.72%	2.92%	2.33%	1.97%	2.95%	3.14%	2.68%	2.64%	2.56%

Frequently Asked Questions

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

With a correlation of 0.95, VERX.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, VERX.L or JRDE.L?

On fees, VERX.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VERX.L is cheaper with a 0.10% expense ratio, compared with 0.25% for JRDE.L.

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

VERX.L tracks MSCI Europe Ex UK NR EUR, while JRDE.L tracks MSCI Europe NR EUR. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.10% for VERX.L and 0.25% for JRDE.L.