ESPS.L vs. JRCE.L

Last updated Jul 16, 2026

ESPS.L (Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc) and JRCE.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both exchange-traded funds - ESPS.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while JRCE.L is a China Equities fund tracking the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 3 years, ESPS.L returned 10.70%/yr vs 10.66%/yr for JRCE.L. At a 0.37 correlation, their price movements are largely independent. ESPS.L charges 0.19%/yr vs 0.40%/yr for JRCE.L.

Performance

ESPS.L vs. JRCE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESPS.L achieves a 9.45% return, which is significantly lower than JRCE.L's 10,980.67% return.

ESPS.L

• 1D: 1.16%
• 1M: 2.47%
• 6M: 7.70%
• YTD: 9.45%
• 1Y: 13.82%
• 3Y*: 10.70%
• 5Y*: 6.41%
• 10Y*: —

JRCE.L

• 1D: 0.00%
• 1M: -0.81%
• 6M: 7.77%
• YTD: 10,980.67%
• 1Y: 33.86%
• 3Y*: 10.66%
• 5Y*: —
• 10Y*: —

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

ESPS.L vs. JRCE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESPS.L Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc	9.45%	10.90%	7.65%	-0.04%	5.65%
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	10,980.67%	-98.80%	11.38%	-17.74%	-9.39%

Correlation

The correlation between ESPS.L and JRCE.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022	0.37

Return for Risk

ESPS.L vs. JRCE.L — Risk / Return Rank

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

ESPS.L

ESPS.L Risk / Return Rank: 40
ESPS.L Sharpe Ratio Rank: 41
ESPS.L Sortino Ratio Rank: 41
ESPS.L Omega Ratio Rank: 40
ESPS.L Calmar Ratio Rank: 42
ESPS.L Martin Ratio Rank: 36

JRCE.L

JRCE.L Risk / Return Rank: 47
JRCE.L Sharpe Ratio Rank: 9
JRCE.L Sortino Ratio Rank: 100
JRCE.L Omega Ratio Rank: 100
JRCE.L Calmar Ratio Rank: 14
JRCE.L Martin Ratio Rank: 13

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.

ESPS.L vs. JRCE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.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.

	ESPS.L	JRCE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.22	0.00	+1.22
Sortino ratio: Return per unit of downside risk	1.81	263.38	-261.58
Omega ratio: Gain probability vs. loss probability	1.22	89.21	-87.99
Calmar ratio: Return relative to maximum drawdown	1.80	0.35	+1.46
Martin ratio: Return relative to average drawdown	4.58	0.79	+3.79

ESPS.L vs. JRCE.L - Sharpe Ratio Comparison

The current ESPS.L Sharpe Ratio is 1.22, which is higher than the JRCE.L Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of ESPS.L and JRCE.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

ESPS.L vs. JRCE.L - Drawdown Comparison

The maximum ESPS.L drawdown since its inception was -17.76%, smaller than the maximum JRCE.L drawdown of -99.20%. Use the drawdown chart below to compare losses from any high point for ESPS.L and JRCE.L.

Drawdown Indicators

	ESPS.L	JRCE.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.76%	-99.20%	+81.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-99.05%	+91.53%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-99.15%	+81.39%
Max Drawdown (5Y) Largest decline over 5 years	-17.76%	—	—
Current Drawdown Current decline from peak	-1.45%	-5.54%	+4.09%
Average Drawdown Average peak-to-trough decline	-4.73%	-21.05%	+16.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	43.27%	-40.30%

Volatility

ESPS.L vs. JRCE.L - Volatility Comparison

The current volatility for Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L) is 2.47%, while JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) has a volatility of 8.84%. This indicates that ESPS.L experiences smaller price fluctuations and is considered to be less risky than JRCE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESPS.L	JRCE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	8.84%	-6.37%
Volatility (6M) Calculated over the trailing 6-month period	8.79%	654.26%	-645.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.12%	25,991.69%	-25,980.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.64%	12,496.69%	-12,483.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,091.86%	12,496.69%	-9,404.83%

ESPS.L vs. JRCE.L - Expense Ratio Comparison

ESPS.L has a 0.19% expense ratio, which is lower than JRCE.L's 0.40% expense ratio.

Dividends

ESPS.L vs. JRCE.L - Dividend Comparison

Neither ESPS.L nor JRCE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESPS.L and JRCE.L in my portfolio?

ESPS.L and JRCE.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESPS.L or JRCE.L?

On fees, ESPS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESPS.L or JRCE.L?

ESPS.L is cheaper with a 0.19% expense ratio, compared with 0.40% for JRCE.L.

What is the main difference between ESPS.L and JRCE.L?

ESPS.L is categorized as Asia Pacific Equities, while JRCE.L is China Equities. ESPS.L tracks MSCI Pacific Ex Japan NR USD, while JRCE.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.19% for ESPS.L and 0.40% for JRCE.L.