XASX.L vs. JRDE.L

Last updated Jun 5, 2026

XASX.L (Xtrackers MSCI UK ESG UCITS ETF 1D) and JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds - XASX.L tracks the FTSE AllSh TR GBP while JRDE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, XASX.L returned 7.93%/yr vs 13.08%/yr for JRDE.L. Their correlation of 0.81 suggests significant overlap in exposure. XASX.L charges 0.18%/yr vs 0.25%/yr for JRDE.L.

Performance

XASX.L vs. JRDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI UK ESG UCITS ETF 1D (XASX.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.

Returns By Period

In the year-to-date period, XASX.L achieves a 1.94% return, which is significantly lower than JRDE.L's 6.47% return.

XASX.L

• 1D: 0.45%
• 1M: 1.58%
• YTD: 1.94%
• 6M: 5.31%
• 1Y: 10.51%
• 3Y*: 7.93%
• 5Y*: 4.82%
• 10Y*: 3.34%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021
XASX.L Xtrackers MSCI UK ESG UCITS ETF 1D	1.94%	17.10%	6.61%	4.99%	-9.18%	2.13%
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 XASX.L and JRDE.L is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021	0.81

The correlation between XASX.L and JRDE.L has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.

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

Sectors	XASX.L	JRDE.L
Financial Services	32.1%	23.7%
Industrials	17.8%	20.4%
Healthcare	11.9%	13.3%
Basic Materials	10.9%	5.2%
Consumer Defensive	10.8%	7.3%
Consumer Cyclical	6.7%	6.6%
Communication Services	4.7%	3.6%
Utilities	2.0%	6.0%
Real Estate	2.0%	0.1%
Technology	0.8%	8.7%
Energy	0.1%	5.2%

Return for Risk

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

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

XASX.L

XASX.L Risk / Return Rank: 23
XASX.L Sharpe Ratio Rank: 24
XASX.L Sortino Ratio Rank: 23
XASX.L Omega Ratio Rank: 24
XASX.L Calmar Ratio Rank: 20
XASX.L Martin Ratio Rank: 22

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI UK ESG UCITS ETF 1D (XASX.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.

	XASX.L	JRDE.L	Difference
Sharpe ratio: Return per unit of total volatility	0.83	1.53	-0.69
Sortino ratio: Return per unit of downside risk	1.23	2.16	-0.93
Omega ratio: Gain probability vs. loss probability	1.16	1.28	-0.13
Calmar ratio: Return relative to maximum drawdown	0.83	1.73	-0.89
Martin ratio: Return relative to average drawdown	2.57	6.00	-3.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XASX.L Sharpe Ratio is 0.83, which is lower than the JRDE.L Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of XASX.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

	XASX.L	JRDE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	1.53	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.72	-0.61

Drawdowns

XASX.L vs. JRDE.L - Drawdown Comparison

The maximum XASX.L drawdown since its inception was -47.36%, 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 XASX.L and JRDE.L.

Drawdown Indicators

	XASX.L	JRDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.36%	-15.75%	-31.61%
Max Drawdown (1Y) Largest decline over 1 year	-12.54%	-10.94%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-12.67%	-12.84%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-18.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.97%	—	—
Current Drawdown Current decline from peak	-6.87%	-2.07%	-4.80%
Average Drawdown Average peak-to-trough decline	-10.90%	-3.73%	-7.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	3.16%	+0.93%

Volatility

XASX.L vs. JRDE.L - Volatility Comparison

Xtrackers MSCI UK ESG UCITS ETF 1D (XASX.L) has a higher volatility of 4.23% compared to JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) at 3.98%. This indicates that XASX.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

	XASX.L	JRDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	3.98%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	10.99%	10.29%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	12.39%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.44%	14.16%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	14.16%	+1.20%

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

XASX.L has a 0.18% 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

XASX.L vs. JRDE.L - Dividend Comparison

XASX.L's dividend yield for the trailing twelve months is around 0.03%, less than JRDE.L's 2.19% 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)	2.19%	2.18%	2.68%	1.11%	2.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XASX.L Xtrackers MSCI UK ESG UCITS ETF 1D	0.03%	0.03%	0.04%	0.03%	0.06%	0.03%	0.06%	0.04%	0.04%	0.04%	0.04%	0.00%

Frequently Asked Questions

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

XASX.L and JRDE.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, XASX.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

XASX.L is cheaper with a 0.18% expense ratio, compared with 0.25% for JRDE.L.

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

XASX.L tracks FTSE AllSh TR GBP, while JRDE.L tracks MSCI Europe NR EUR. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.18% for XASX.L and 0.25% for JRDE.L.