VUKG.L vs. JRDE.L

Last updated Jun 26, 2026

VUKG.L (Vanguard FTSE 100 UCITS ETF (GBP) Accumulating) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - VUKG.L tracks the FTSE 100 Index while JRDE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, VUKG.L returned 18.62%/yr vs 27.65%/yr for JRDE.L. A 0.80 correlation means they provide meaningful diversification when combined. VUKG.L charges 0.09%/yr vs 0.25%/yr for JRDE.L.

Performance

VUKG.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.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

VUKG.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

In the year-to-date period, VUKG.L achieves a 7.41% return, which is significantly lower than JRDE.L's 9.68% return.

VUKG.L

• 1D: 0.81%
• 1M: 0.64%
• YTD: 7.41%
• 6M: 8.09%
• 1Y: 24.30%
• 3Y*: 18.62%
• 5Y*: 15.28%
• 10Y*: —

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021
VUKG.L Vanguard FTSE 100 UCITS ETF (GBP) Accumulating	7.41%	27.30%	13.56%	11.46%	9.82%	7.27%
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 VUKG.L and JRDE.L is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021	0.80

The correlation between VUKG.L and JRDE.L has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

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

Sectors	VUKG.L	JRDE.L
Financial Services	25.0%	23.7%
Industrials	14.0%	20.4%
Consumer Defensive	13.8%	7.3%
Healthcare	13.3%	13.3%
Energy	10.8%	5.2%
Basic Materials	9.0%	5.2%
Consumer Cyclical	5.0%	6.6%
Utilities	4.8%	6.0%
Communication Services	2.5%	3.6%
Real Estate	0.9%	0.1%
Technology	0.8%	8.7%

Return for Risk

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

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

VUKG.L

VUKG.L Risk / Return Rank: 72
VUKG.L Sharpe Ratio Rank: 80
VUKG.L Sortino Ratio Rank: 80
VUKG.L Omega Ratio Rank: 81
VUKG.L Calmar Ratio Rank: 65
VUKG.L Martin Ratio Rank: 56

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.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.

	VUKG.L	JRDE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.81	+0.39
Sortino ratio: Return per unit of downside risk	3.06	7.20	-4.15
Omega ratio: Gain probability vs. loss probability	1.42	1.97	-0.55
Calmar ratio: Return relative to maximum drawdown	2.77	6.42	-3.65
Martin ratio: Return relative to average drawdown	8.68	22.32	-13.64

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

The current VUKG.L Sharpe Ratio is 2.20, which is comparable to the JRDE.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of VUKG.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

VUKG.L vs. JRDE.L - Drawdown Comparison

The maximum VUKG.L drawdown since its inception was -34.32%, 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 VUKG.L and JRDE.L.

Drawdown Indicators

	VUKG.L	JRDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.32%	-24.20%	-10.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-10.94%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-12.23%	-12.84%	+0.61%
Max Drawdown (5Y) Largest decline over 5 years	-12.23%	—	—
Current Drawdown Current decline from peak	-2.48%	-0.11%	-2.37%
Average Drawdown Average peak-to-trough decline	-3.97%	-7.30%	+3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	3.15%	-0.36%

Volatility

VUKG.L vs. JRDE.L - Volatility Comparison

Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) have volatilities of 3.01% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUKG.L	JRDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.96%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.53%	10.42%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	11.00%	38.77%	-27.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	22.84%	-9.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	22.84%	-6.65%

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

VUKG.L has a 0.09% 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

VUKG.L vs. JRDE.L - Dividend Comparison

VUKG.L has not paid dividends to shareholders, while JRDE.L's dividend yield for the trailing twelve months is around 26.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
VUKG.L Vanguard FTSE 100 UCITS ETF (GBP) Accumulating	0.00%	0.79%	3.67%	3.71%	3.84%	3.84%	3.06%	1.92%

Frequently Asked Questions

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

VUKG.L and JRDE.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, VUKG.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VUKG.L is cheaper with a 0.09% expense ratio, compared with 0.25% for JRDE.L.

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

VUKG.L tracks FTSE 100 Index, while JRDE.L tracks MSCI Europe NR EUR. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.09% for VUKG.L and 0.25% for JRDE.L.