XIEE.DE vs. JRZE.L
XIEE.DE (Xtrackers MSCI Europe UCITS ETF) and JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) are both Europe Equities funds - XIEE.DE tracks the MSCI Europe while JRZE.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, XIEE.DE returned 13.74%/yr vs 15.52%/yr for JRZE.L. Their correlation of 0.90 suggests significant overlap in exposure. XIEE.DE charges 0.12%/yr vs 0.25%/yr for JRZE.L.
Performance
XIEE.DE vs. JRZE.L - Performance Comparison
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Different Trading Currencies
XIEE.DE is traded in EUR, while JRZE.L is traded in GBp. To make them comparable, the JRZE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XIEE.DE achieves a 7.68% return, which is significantly lower than JRZE.L's 9.07% return.
XIEE.DE
- 1D
- 0.61%
- 1M
- 1.14%
- YTD
- 7.68%
- 6M
- 9.97%
- 1Y
- 15.94%
- 3Y*
- 13.74%
- 5Y*
- 9.99%
- 10Y*
- 9.16%
JRZE.L
- 1D
- 0.33%
- 1M
- 4.50%
- YTD
- 9.07%
- 6M
- 10.62%
- 1Y
- 18.19%
- 3Y*
- 15.52%
- 5Y*
- —
- 10Y*
- —
XIEE.DE vs. JRZE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 7.68% | 20.34% | 8.08% | 15.72% | -1.47% |
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 9.09% | 23.16% | 8.33% | 20.32% | 0.64% |
Correlation
The correlation between XIEE.DE and JRZE.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.90 |
The correlation between XIEE.DE and JRZE.L has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
XIEE.DE vs. JRZE.L — Risk / Return Rank
XIEE.DE
JRZE.L
XIEE.DE vs. JRZE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) and JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.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.
| XIEE.DE | JRZE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.76 | -0.09 |
| Martin ratioReturn relative to average drawdown | 6.35 | 6.28 | +0.07 |
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
| XIEE.DE | JRZE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.24 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.77 | -0.25 |
Drawdowns
XIEE.DE vs. JRZE.L - Drawdown Comparison
The maximum XIEE.DE drawdown since its inception was -35.51%, which is greater than JRZE.L's maximum drawdown of -17.61%. Use the drawdown chart below to compare losses from any high point for XIEE.DE and JRZE.L.
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Drawdown Indicators
| XIEE.DE | JRZE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -17.61% | -17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -10.27% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -17.61% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -0.19% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -5.11% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.89% | -0.36% |
Volatility
XIEE.DE vs. JRZE.L - Volatility Comparison
The current volatility for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) is 4.32%, while JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) has a volatility of 4.65%. This indicates that XIEE.DE experiences smaller price fluctuations and is considered to be less risky than JRZE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIEE.DE | JRZE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 4.65% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 11.69% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 14.62% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 19.26% | -5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 19.26% | -3.72% |
XIEE.DE vs. JRZE.L - Expense Ratio Comparison
XIEE.DE has a 0.12% expense ratio, which is lower than JRZE.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
XIEE.DE vs. JRZE.L - Dividend Comparison
XIEE.DE's dividend yield for the trailing twelve months is around 2.43%, while JRZE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.43% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% |
Frequently Asked Questions
XIEE.DE and JRZE.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for JRZE.L.
XIEE.DE tracks MSCI Europe, while JRZE.L tracks MSCI EMU NR EUR. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.12% for XIEE.DE and 0.25% for JRZE.L.
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