FLXC.L vs. JREC.L
FLXC.L (Franklin FTSE China UCITS ETF) and JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) are both China Equities funds. FLXC.L is passively managed, while JREC.L is actively managed. Over the past 3 years, FLXC.L returned 8.62%/yr vs 11.15%/yr for JREC.L. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
FLXC.L vs. JREC.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLXC.L achieves a -8.35% return, which is significantly lower than JREC.L's 9.52% return.
FLXC.L
- 1D
- 1.78%
- 1M
- -1.33%
- 6M
- -12.83%
- YTD
- -8.35%
- 1Y
- 0.10%
- 3Y*
- 8.62%
- 5Y*
- -4.32%
- 10Y*
- —
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
FLXC.L vs. JREC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLXC.L Franklin FTSE China UCITS ETF | -8.35% | 32.15% | 19.39% | -12.76% | -21.29% |
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 FLXC.L and JREC.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.72 |
The correlation between FLXC.L and JREC.L has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
FLXC.L vs. JREC.L — Risk / Return Rank
FLXC.L
JREC.L
FLXC.L vs. JREC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China UCITS ETF (FLXC.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.
| FLXC.L | JREC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.31 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 4.53 | -4.52 |
| Martin ratioReturn relative to average drawdown | 0.01 | 12.00 | -11.99 |
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Drawdowns
FLXC.L vs. JREC.L - Drawdown Comparison
The maximum FLXC.L drawdown since its inception was -61.74%, 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 FLXC.L and JREC.L.
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Drawdown Indicators
| FLXC.L | JREC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.74% | -37.92% | -23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -21.43% | -7.22% | -14.21% |
Max Drawdown (3Y)Largest decline over 3 years | -25.43% | -27.06% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -52.70% | — | — |
Current DrawdownCurrent decline from peak | -35.12% | -5.30% | -29.82% |
Average DrawdownAverage peak-to-trough decline | -31.72% | -18.94% | -12.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.74% | 2.73% | +7.01% |
Volatility
FLXC.L vs. JREC.L - Volatility Comparison
The current volatility for Franklin FTSE China UCITS ETF (FLXC.L) is 5.29%, while JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) has a volatility of 8.90%. This indicates that FLXC.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
| FLXC.L | JREC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 8.90% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 13.77% | 14.69% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 18.76% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.40% | 23.02% | +5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.19% | 23.02% | +4.17% |
Dividends
FLXC.L vs. JREC.L - Dividend Comparison
Neither FLXC.L nor JREC.L has paid dividends to shareholders.
Frequently Asked Questions
FLXC.L and JREC.L have a correlation of 0.68, 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: Franklin Templeton and ETF Issuer.
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