ETF comparison

JRED vs iShares Core MSCI Europe

JPM Europe Research Enhanced Index Equity Active UCITS ETF - EUR (dist)
IE000WGK3YY5J.P. Morgan Asset Management
iShares Core MSCI Europe UCITS ETF
IE00B1YZSC51iShares
Figures as of October 23, 2026 (JRED) · October 16, 2026 (iShares Core MSCI Europe)

The comparison in short

JRED (JPM Europe Research Enhanced Index Equity Active UCITS ETF - EUR (dist), IE000WGK3YY5) and iShares Core MSCI Europe (iShares Core MSCI Europe UCITS ETF, IE00B1YZSC51) both track the MSCI Europe index. iShares Core MSCI Europe has the lower total expense ratio (TER): 0.12% a year against 0.25% for JRED, 0.13 percentage points less, or about 13 a year on 10,000 invested. iShares Core MSCI Europe is the larger fund, with EUR 10.7bn in assets against EUR 3.0bn for JRED, about 3.6 times the size. JRED reports 154 holdings and iShares Core MSCI Europe 385. 8 of the largest holdings of JRED (top 50) and iShares Core MSCI Europe (top 10) appear in both lists; measured on those positions only, the overlap is at least 17.8%. Shared holdings include ASML HOLDING NV /EUR/, SHELL PLC-NEW /GBP/, HSBC HOLDINGS PLC /GBP/, NOVARTIS AG-REG /CHF/ and NESTLE SA-REG /CHF/. In 2025, JRED returned +19.4% and iShares Core MSCI Europe +19.7%, a gap of 0.3 percentage points. Over 5 years, JRED returned +10.3% a year and iShares Core MSCI Europe +9.9% a year. JRED and iShares Core MSCI Europe both pay out their income (distributing share classes). Both are domiciled in Ireland. JRED and iShares Core MSCI Europe both carry a risk indicator (SRRI) of 4 on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.

Side by side

FigureJREDiShares Core MSCI Europe
ISINIE000WGK3YY5IE00B1YZSC51
Exchange tickersJRED, JERD, JRDE—
Fund houseJ.P. Morgan Asset ManagementiShares
Total expense ratio (TER)0.25%0.12%
Ongoing charges (KID)0.25%0.12%
Fund sizeEUR 3.0bnEUR 10.7bn
Launch dateSeptember 15, 2021July 6, 2007
Replication—Physical
DomicileIrelandIreland
Distribution policyDistributingDistributing
Share class currencyEUREUR
Number of holdings154385
Risk indicator (SRRI)4 / 74 / 7
SFDR classification—Article 6
BenchmarkMSCI Europe Index (Total Return Net)MSCI Europe Index

Performance

Calendar-year returns

YearJREDiShares Core MSCI EuropeDifference
2025+19.4%+19.7%−0.3
2024+7.6%+8.9%−1.3
2023+17.2%+16.1%+1.1
2022−9.4%−9.2%−0.2

Annualised returns

PeriodJREDiShares Core MSCI EuropeDifference
1 year+18.1%+15.8%+2.3
3 years+14.6%+15.7%−1.1
5 years+10.3%+9.9%+0.4
Returns as published by each fund house, in each share class's currency and net of the fund's charges. The difference is in percentage points. Past performance does not predict future returns.

Holdings

8 of the largest holdings of JRED (top 50) and iShares Core MSCI Europe (top 10) appear in both lists; measured on those positions only, the overlap is at least 17.8%. Shared holdings include ASML HOLDING NV /EUR/, SHELL PLC-NEW /GBP/, HSBC HOLDINGS PLC /GBP/, NOVARTIS AG-REG /CHF/ and NESTLE SA-REG /CHF/.

Top 10 holdings of JRED

#HoldingWeight
1
ASML HOLDING NV /EUR/In both
5.01%
2
ASTRAZENECA PLC /GBP/In both
2.32%
3
SHELL PLC-NEW /GBP/In both
2.30%
4
ROCHE HOLDING AG /CHF/
2.27%
5
NESTLE SA-REG /CHF/In both
2.22%
6
SIEMENS AG-REG /EUR/
2.21%
7
HSBC HOLDINGS PLC /GBP/In both
2.17%
8
ALLIANZ SE REGISTERED /EUR/
2.12%
9
NOVARTIS AG-REG /CHF/In both
2.02%
10
BANCO SANTANDER SA /EUR/In both
1.89%

Top 10 holdings of iShares Core MSCI Europe

#HoldingWeight
1
ASML HOLDINGIn both
4.66%
2
HSBC HOLDINGS PLCIn both
2.37%
3
ROCHE PS PAR AG
2.34%
4
SHELLIn both
2.20%
5
NOVARTIS AGIn both
2.01%
6
NESTLE SAIn both
1.87%
7
ASTRAZENECA PLCIn both
1.82%
8
SAPIn both
1.64%
9
SIEMENS N AG
1.59%
10
BANCO SANTANDERIn both
1.40%
Compare the largest holdings of JRED and iShares Core MSCI Europe in the overlap checker

Sectors and countries

Largest sectors of JRED

  1. Banks17.6%
  2. General Industry13.7%
  3. Healthcare11.9%
  4. Consumer Non-Durables7.1%
  5. Technology - Semi & Hardware7.1%
  6. Insurance5.6%
+ 12 more

Largest sectors of iShares Core MSCI Europe

  1. Financials24.7%
  2. Industrials18.2%
  3. Health Care13.1%
  4. Information Technology9.1%
  5. Consumer Staples8.9%
  6. Consumer Discretionary6.1%
+ 4 more

Largest countries of JRED

  1. United Kingdom24.3%
  2. France17.1%
  3. Germany15.4%
  4. Switzerland12.2%
  5. Netherlands9.7%
  6. Spain5.7%
+ 7 more

Largest countries of iShares Core MSCI Europe

  1. United Kingdom23.0%
  2. Switzerland14.7%
  3. France14.5%
  4. Germany13.6%
  5. Netherlands8.8%
  6. Spain6.1%
+ 4 more

Frequently asked questions

What is the difference between JRED and iShares Core MSCI Europe?

JRED (JPM Europe Research Enhanced Index Equity Active UCITS ETF - EUR (dist), IE000WGK3YY5) and iShares Core MSCI Europe (iShares Core MSCI Europe UCITS ETF, IE00B1YZSC51) both track the MSCI Europe index. iShares Core MSCI Europe has the lower total expense ratio (TER): 0.12% a year against 0.25% for JRED, 0.13 percentage points less, or about 13 a year on 10,000 invested. JRED and iShares Core MSCI Europe both pay out their income (distributing share classes). Both are domiciled in Ireland. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, JRED or iShares Core MSCI Europe?

iShares Core MSCI Europe has the lower total expense ratio (TER): 0.12% a year against 0.25% for JRED, 0.13 percentage points less, or about 13 a year on 10,000 invested. Their key information documents state ongoing charges of 0.25% for JRED and 0.12% for iShares Core MSCI Europe.

Which is bigger, JRED or iShares Core MSCI Europe?

iShares Core MSCI Europe is the larger fund, with EUR 10.7bn in assets against EUR 3.0bn for JRED, about 3.6 times the size.

Do JRED and iShares Core MSCI Europe hold the same companies?

8 of the largest holdings of JRED (top 50) and iShares Core MSCI Europe (top 10) appear in both lists; measured on those positions only, the overlap is at least 17.8%. Shared holdings include ASML HOLDING NV /EUR/, SHELL PLC-NEW /GBP/, HSBC HOLDINGS PLC /GBP/, NOVARTIS AG-REG /CHF/ and NESTLE SA-REG /CHF/.

How did JRED and iShares Core MSCI Europe perform in 2025?

In 2025, JRED returned +19.4% and iShares Core MSCI Europe +19.7%, a gap of 0.3 percentage points. Over 5 years, JRED returned +10.3% a year and iShares Core MSCI Europe +9.9% a year. Over the past year, JRED returned +18.1% and iShares Core MSCI Europe +15.8%. Past performance does not predict future returns.

Are JRED and iShares Core MSCI Europe accumulating or distributing?

JRED is distributing: it pays its income out to investors. iShares Core MSCI Europe is distributing: it pays its income out to investors.

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Figures are read from the documents each fund house publishes (product page, factsheet, key information document, holdings file) and refreshed weekly. Names and tickers identify the products; FundFacts API is independent of every fund house and index provider. This comparison is factual information, not investment advice or a recommendation to buy or sell either fund.