ETF comparison

iShares Core MSCI Europe vs JREE

iShares Core MSCI Europe UCITS ETF EUR (Acc)
IE00B4K48X80iShares
JPM Europe Research Enhanced Index Equity Active UCITS ETF - EUR (acc)
IE00BF4G7183J.P. Morgan Asset Management
Figures as of October 16, 2026 (iShares Core MSCI Europe) · October 23, 2026 (JREE)

The comparison in short

iShares Core MSCI Europe (iShares Core MSCI Europe UCITS ETF EUR (Acc), IE00B4K48X80) and JREE (JPM Europe Research Enhanced Index Equity Active UCITS ETF - EUR (acc), IE00BF4G7183) both track the MSCI Europe index. iShares Core MSCI Europe has the lower total expense ratio (TER): 0.12% a year against 0.24% for JREE, 0.12 percentage points less, or about 12 a year on 10,000 invested. iShares Core MSCI Europe is the larger fund, with EUR 15.9bn in assets against EUR 3.0bn for JREE, about 5.3 times the size. iShares Core MSCI Europe reports 385 holdings and JREE 154. 8 of the largest holdings of iShares Core MSCI Europe (top 10) and JREE (top 50) appear in both lists; measured on those positions only, the overlap is at least 17.7%. Shared holdings include ASML HOLDING, SHELL, HSBC HOLDINGS PLC, NOVARTIS AG and NESTLE SA. In 2025, iShares Core MSCI Europe returned +19.7% and JREE +19.5%, a gap of 0.2 percentage points. Over 5 years, iShares Core MSCI Europe returned +9.9% a year and JREE +10.3% a year. iShares Core MSCI Europe and JREE both reinvest their income (accumulating share classes). Both are domiciled in Ireland. iShares Core MSCI Europe and JREE 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

FigureiShares Core MSCI EuropeJREE
ISINIE00B4K48X80IE00BF4G7183
Exchange tickers—JREE, JERA, JERE
Fund houseiSharesJ.P. Morgan Asset Management
Total expense ratio (TER)0.12%0.24%
Ongoing charges (KID)0.12%0.24%
Fund sizeEUR 15.9bnEUR 3.0bn
Launch dateSeptember 25, 2009October 10, 2018
ReplicationPhysical—
DomicileIrelandIreland
Distribution policyAccumulatingAccumulating
Share class currencyEUREUR
Number of holdings385154
Risk indicator (SRRI)4 / 74 / 7
SFDR classificationArticle 6—
BenchmarkMSCI Europe IndexMSCI Europe Index (Total Return Net)

Performance

Calendar-year returns

YeariShares Core MSCI EuropeJREEDifference
2025+19.7%+19.5%+0.2
2024+8.8%+7.6%+1.2
2023+16.1%+17.2%−1.1
2022−9.2%−9.4%+0.2
2021+25.5%+25.6%−0.1
2020−3.2%−1.8%−1.4

Annualised returns

PeriodiShares Core MSCI EuropeJREEDifference
1 year+15.9%+18.1%−2.2
3 years+15.7%+14.6%+1.1
5 years+9.9%+10.3%−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 iShares Core MSCI Europe (top 10) and JREE (top 50) appear in both lists; measured on those positions only, the overlap is at least 17.7%. Shared holdings include ASML HOLDING, SHELL, HSBC HOLDINGS PLC, NOVARTIS AG and NESTLE SA.

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
2.00%
6
NESTLE SAIn both
1.86%
7
ASTRAZENECA PLCIn both
1.81%
8
SAPIn both
1.64%
9
SIEMENS N AG
1.59%
10
BANCO SANTANDERIn both
1.40%

Top 10 holdings of JREE

#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%
Compare the largest holdings of iShares Core MSCI Europe and JREE in the overlap checker

Sectors and countries

Largest sectors of iShares Core MSCI Europe

  1. Financials24.6%
  2. Industrials18.1%
  3. Health Care13.0%
  4. Information Technology9.1%
  5. Consumer Staples8.9%
  6. Consumer Discretionary6.1%
+ 4 more

Largest sectors of JREE

  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 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

Largest countries of JREE

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

Frequently asked questions

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

iShares Core MSCI Europe (iShares Core MSCI Europe UCITS ETF EUR (Acc), IE00B4K48X80) and JREE (JPM Europe Research Enhanced Index Equity Active UCITS ETF - EUR (acc), IE00BF4G7183) both track the MSCI Europe index. iShares Core MSCI Europe has the lower total expense ratio (TER): 0.12% a year against 0.24% for JREE, 0.12 percentage points less, or about 12 a year on 10,000 invested. iShares Core MSCI Europe and JREE both reinvest their income (accumulating share classes). Both are domiciled in Ireland. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, iShares Core MSCI Europe or JREE?

iShares Core MSCI Europe has the lower total expense ratio (TER): 0.12% a year against 0.24% for JREE, 0.12 percentage points less, or about 12 a year on 10,000 invested. Their key information documents state ongoing charges of 0.12% for iShares Core MSCI Europe and 0.24% for JREE.

Which is bigger, iShares Core MSCI Europe or JREE?

iShares Core MSCI Europe is the larger fund, with EUR 15.9bn in assets against EUR 3.0bn for JREE, about 5.3 times the size.

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

8 of the largest holdings of iShares Core MSCI Europe (top 10) and JREE (top 50) appear in both lists; measured on those positions only, the overlap is at least 17.7%. Shared holdings include ASML HOLDING, SHELL, HSBC HOLDINGS PLC, NOVARTIS AG and NESTLE SA.

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

In 2025, iShares Core MSCI Europe returned +19.7% and JREE +19.5%, a gap of 0.2 percentage points. Over 5 years, iShares Core MSCI Europe returned +9.9% a year and JREE +10.3% a year. Over the past year, iShares Core MSCI Europe returned +15.9% and JREE +18.1%. Past performance does not predict future returns.

Are iShares Core MSCI Europe and JREE accumulating or distributing?

iShares Core MSCI Europe is accumulating: it reinvests its income in the fund. JREE is accumulating: it reinvests its income in the fund.

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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.