CC1U.L vs. JREC.L
CC1U.L (Amundi MSCI China UCITS ETF-C USD) and JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) are both China Equities funds. CC1U.L is passively managed, while JREC.L is actively managed. Over the past 3 years, CC1U.L returned 1.83%/yr vs 11.15%/yr for JREC.L. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
CC1U.L vs. JREC.L - Performance Comparison
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Returns By Period
In the year-to-date period, CC1U.L achieves a -7.55% return, which is significantly lower than JREC.L's 9.52% return.
CC1U.L
- 1D
- 0.79%
- 1M
- -6.87%
- 6M
- -13.68%
- YTD
- -7.55%
- 1Y
- 10.82%
- 3Y*
- 1.83%
- 5Y*
- 0.09%
- 10Y*
- —
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
CC1U.L vs. JREC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CC1U.L Amundi MSCI China UCITS ETF-C USD | -7.55% | 39.49% | 1.53% | -11.33% | -14.58% |
JREC.L JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 9.52% | 28.38% | 9.65% | -13.02% | -19.50% |
Correlation
The correlation between CC1U.L and JREC.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.79 |
The correlation between CC1U.L and JREC.L has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
CC1U.L vs. JREC.L — Risk / Return Rank
CC1U.L
JREC.L
CC1U.L vs. JREC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI China UCITS ETF-C USD (CC1U.L) and JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.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.
| CC1U.L | JREC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.31 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 4.53 | -3.94 |
| Martin ratioReturn relative to average drawdown | 1.22 | 12.00 | -10.78 |
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Drawdowns
CC1U.L vs. JREC.L - Drawdown Comparison
The maximum CC1U.L drawdown since its inception was -45.32%, which is greater than JREC.L's maximum drawdown of -37.92%. Use the drawdown chart below to compare losses from any high point for CC1U.L and JREC.L.
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Drawdown Indicators
| CC1U.L | JREC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.32% | -37.92% | -7.40% |
Max Drawdown (1Y)Largest decline over 1 year | -18.53% | -7.22% | -11.31% |
Max Drawdown (3Y)Largest decline over 3 years | -39.67% | -27.06% | -12.61% |
Max Drawdown (5Y)Largest decline over 5 years | -42.25% | — | — |
Current DrawdownCurrent decline from peak | -16.97% | -5.30% | -11.67% |
Average DrawdownAverage peak-to-trough decline | -16.00% | -18.94% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.81% | 2.73% | +6.08% |
Volatility
CC1U.L vs. JREC.L - Volatility Comparison
The current volatility for Amundi MSCI China UCITS ETF-C USD (CC1U.L) is 7.42%, while JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) has a volatility of 8.90%. This indicates that CC1U.L experiences smaller price fluctuations and is considered to be less risky than JREC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CC1U.L | JREC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 8.90% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 14.69% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 18.76% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.34% | 23.02% | +4.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.46% | 23.02% | +2.44% |
Dividends
CC1U.L vs. JREC.L - Dividend Comparison
Neither CC1U.L nor JREC.L has paid dividends to shareholders.
Frequently Asked Questions
CC1U.L and JREC.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Amundi and ETF Issuer.
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