BATE.DE vs. JRJE.L

Last updated Jun 26, 2026

BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and JRJE.L (JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both exchange-traded funds - BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index, while JRJE.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 3 years, BATE.DE returned 20.29%/yr vs 17.40%/yr for JRJE.L. A 0.54 correlation means they provide meaningful diversification when combined. BATE.DE charges 0.49%/yr vs 0.25%/yr for JRJE.L.

Performance

BATE.DE vs. JRJE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRJE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BATE.DE is traded in EUR, while JRJE.L is traded in GBp. To make them comparable, the JRJE.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with BATE.DE having a 20.81% return and JRJE.L slightly higher at 21.04%.

BATE.DE

• 1D: -2.30%
• 1M: -10.92%
• YTD: 20.81%
• 6M: 21.86%
• 1Y: 101.45%
• 3Y*: 20.29%
• 5Y*: 14.60%
• 10Y*: —

JRJE.L

• 1D: 0.64%
• 1M: 3.94%
• YTD: 21.04%
• 6M: 21.17%
• 1Y: 37.71%
• 3Y*: 17.40%
• 5Y*: —
• 10Y*: —

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

BATE.DE vs. JRJE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BATE.DE Legal & General Battery Value-Chain UCITS ETF	20.81%	54.92%	4.47%	5.32%	-8.95%
JRJE.L JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	21.04%	9.86%	14.85%	16.32%	-6.68%

Correlation

The correlation between BATE.DE and JRJE.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022	0.54

The correlation between BATE.DE and JRJE.L has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.

Return for Risk

BATE.DE vs. JRJE.L — Risk / Return Rank

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

BATE.DE

BATE.DE Risk / Return Rank: 93
BATE.DE Sharpe Ratio Rank: 95
BATE.DE Sortino Ratio Rank: 91
BATE.DE Omega Ratio Rank: 89
BATE.DE Calmar Ratio Rank: 95
BATE.DE Martin Ratio Rank: 94

JRJE.L

JRJE.L Risk / Return Rank: 73
JRJE.L Sharpe Ratio Rank: 73
JRJE.L Sortino Ratio Rank: 71
JRJE.L Omega Ratio Rank: 73
JRJE.L Calmar Ratio Rank: 79
JRJE.L Martin Ratio Rank: 71

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.

BATE.DE vs. JRJE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRJE.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.

	BATE.DE	JRJE.L	Difference
Sharpe ratio: Return per unit of total volatility	3.29	1.95	+1.34
Sortino ratio: Return per unit of downside risk	3.78	2.77	+1.01
Omega ratio: Gain probability vs. loss probability	1.49	1.36	+0.13
Calmar ratio: Return relative to maximum drawdown	6.67	3.79	+2.89
Martin ratio: Return relative to average drawdown	22.65	12.27	+10.38

BATE.DE vs. JRJE.L - Sharpe Ratio Comparison

The current BATE.DE Sharpe Ratio is 3.29, which is higher than the JRJE.L Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of BATE.DE and JRJE.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

BATE.DE vs. JRJE.L - Drawdown Comparison

The maximum BATE.DE drawdown since its inception was -36.43%, which is greater than JRJE.L's maximum drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for BATE.DE and JRJE.L.

Drawdown Indicators

	BATE.DE	JRJE.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.43%	-16.94%	-19.49%
Max Drawdown (1Y) Largest decline over 1 year	-15.12%	-9.92%	-5.20%
Max Drawdown (3Y) Largest decline over 3 years	-34.05%	-16.94%	-17.11%
Max Drawdown (5Y) Largest decline over 5 years	-34.05%	—	—
Current Drawdown Current decline from peak	-13.66%	-2.97%	-10.69%
Average Drawdown Average peak-to-trough decline	-8.26%	-3.82%	-4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	3.07%	+1.39%

Volatility

BATE.DE vs. JRJE.L - Volatility Comparison

Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.20% compared to JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRJE.L) at 6.33%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier than JRJE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BATE.DE	JRJE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.20%	6.33%	+3.87%
Volatility (6M) Calculated over the trailing 6-month period	24.43%	15.75%	+8.68%
Volatility (1Y) Calculated over the trailing 1-year period	30.65%	19.23%	+11.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.62%	17.06%	+6.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.57%	17.06%	+6.51%

BATE.DE vs. JRJE.L - Expense Ratio Comparison

BATE.DE has a 0.49% expense ratio, which is higher than JRJE.L's 0.25% expense ratio.

Dividends

BATE.DE vs. JRJE.L - Dividend Comparison

Neither BATE.DE nor JRJE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BATE.DE and JRJE.L in my portfolio?

BATE.DE and JRJE.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BATE.DE or JRJE.L?

On fees, JRJE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BATE.DE or JRJE.L?

JRJE.L is cheaper with a 0.25% expense ratio, compared with 0.49% for BATE.DE.

What is the main difference between BATE.DE and JRJE.L?

BATE.DE is categorized as Lithium & Battery Metals, while JRJE.L is Japan Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while JRJE.L tracks TOPIX TR JPY. They also come from different issuers: Legal & General and JPMorgan. Their fees differ too: 0.49% for BATE.DE and 0.25% for JRJE.L.