ASDV.L vs. JRAE.L

Last updated Jun 25, 2026

ASDV.L (SPDR S&P Pan Asia Dividend Aristocrats UCITS) and JRAE.L (JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both Asia Pacific Equities funds - ASDV.L tracks the MSCI AC Asia Pacific NR USD while JRAE.L tracks the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 3 years, ASDV.L returned 13.12%/yr vs 22.92%/yr for JRAE.L. A 0.71 correlation means they provide meaningful diversification when combined. ASDV.L charges 0.55%/yr vs 0.30%/yr for JRAE.L.

Performance

ASDV.L vs. JRAE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) and JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRAE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ASDV.L is traded in USD, while JRAE.L is traded in GBp. To make them comparable, the JRAE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ASDV.L achieves a 2.04% return, which is significantly lower than JRAE.L's 26.78% return.

ASDV.L

• 1D: -0.44%
• 1M: -0.76%
• YTD: 2.04%
• 6M: 1.37%
• 1Y: 9.15%
• 3Y*: 13.12%
• 5Y*: 3.99%
• 10Y*: 6.76%

JRAE.L

• 1D: 0.00%
• 1M: -0.62%
• YTD: 26.78%
• 6M: 27.61%
• 1Y: 44.48%
• 3Y*: 22.92%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASDV.L vs. JRAE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ASDV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	2.04%	23.26%	4.85%	15.47%	-15.85%
JRAE.L JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	26.78%	29.92%	8.74%	3.98%	-37.70%

Correlation

The correlation between ASDV.L and JRAE.L is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022	0.71

The correlation between ASDV.L and JRAE.L shifts across timeframes, from 0.55 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ASDV.L vs. JRAE.L — Risk / Return Rank

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

ASDV.L

ASDV.L Risk / Return Rank: 24
ASDV.L Sharpe Ratio Rank: 24
ASDV.L Sortino Ratio Rank: 23
ASDV.L Omega Ratio Rank: 22
ASDV.L Calmar Ratio Rank: 27
ASDV.L Martin Ratio Rank: 25

JRAE.L

JRAE.L Risk / Return Rank: 91
JRAE.L Sharpe Ratio Rank: 92
JRAE.L Sortino Ratio Rank: 89
JRAE.L Omega Ratio Rank: 92
JRAE.L Calmar Ratio Rank: 92
JRAE.L Martin Ratio Rank: 89

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.

ASDV.L vs. JRAE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) and JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRAE.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.

	ASDV.L	JRAE.L	Difference
Sharpe ratio: Return per unit of total volatility	0.79	2.34	-1.54
Sortino ratio: Return per unit of downside risk	1.19	3.04	-1.85
Omega ratio: Gain probability vs. loss probability	1.14	1.43	-0.29
Calmar ratio: Return relative to maximum drawdown	1.20	3.87	-2.67
Martin ratio: Return relative to average drawdown	3.04	13.52	-10.48

ASDV.L vs. JRAE.L - Sharpe Ratio Comparison

The current ASDV.L Sharpe Ratio is 0.79, which is lower than the JRAE.L Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of ASDV.L and JRAE.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

ASDV.L vs. JRAE.L - Drawdown Comparison

The maximum ASDV.L drawdown since its inception was -35.08%, smaller than the maximum JRAE.L drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for ASDV.L and JRAE.L.

Drawdown Indicators

	ASDV.L	JRAE.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.08%	-49.12%	+14.04%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-11.81%	+4.22%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-18.43%	+3.80%
Max Drawdown (5Y) Largest decline over 5 years	-33.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.08%	—	—
Current Drawdown Current decline from peak	-5.97%	-5.09%	-0.88%
Average Drawdown Average peak-to-trough decline	-8.41%	-29.27%	+20.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	3.37%	-0.37%

Volatility

ASDV.L vs. JRAE.L - Volatility Comparison

The current volatility for SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) is 3.77%, while JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRAE.L) has a volatility of 9.24%. This indicates that ASDV.L experiences smaller price fluctuations and is considered to be less risky than JRAE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASDV.L	JRAE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	9.24%	-5.47%
Volatility (6M) Calculated over the trailing 6-month period	9.33%	17.25%	-7.92%
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	19.70%	-8.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	23.89%	-9.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.20%	23.89%	-8.69%

ASDV.L vs. JRAE.L - Expense Ratio Comparison

ASDV.L has a 0.55% expense ratio, which is higher than JRAE.L's 0.30% expense ratio.

Dividends

ASDV.L vs. JRAE.L - Dividend Comparison

ASDV.L's dividend yield for the trailing twelve months is around 2.92%, while JRAE.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASDV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	2.92%	2.85%	3.11%	2.89%	3.63%	2.98%	2.82%	2.65%	2.52%	1.70%	2.37%	3.24%
JRAE.L JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASDV.L and JRAE.L in my portfolio?

ASDV.L and JRAE.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASDV.L or JRAE.L?

On fees, JRAE.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASDV.L or JRAE.L?

JRAE.L is cheaper with a 0.30% expense ratio, compared with 0.55% for ASDV.L.

What is the main difference between ASDV.L and JRAE.L?

ASDV.L tracks MSCI AC Asia Pacific NR USD, while JRAE.L tracks MSCI AC Asia Pac Ex JPN NR USD. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.55% for ASDV.L and 0.30% for JRAE.L.