FRCH.L vs. JREC.L
FRCH.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. FRCH.L is passively managed, while JREC.L is actively managed. Over the past 3 years, FRCH.L returned 7.50%/yr vs 9.94%/yr for JREC.L. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
FRCH.L vs. JREC.L - Performance Comparison
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Different Trading Currencies
FRCH.L is traded in GBP, while JREC.L is traded in USD. To make them comparable, the JREC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FRCH.L achieves a -8.79% return, which is significantly lower than JREC.L's 9.07% return.
FRCH.L
- 1D
- 1.01%
- 1M
- -1.96%
- 6M
- -13.28%
- YTD
- -8.79%
- 1Y
- -0.95%
- 3Y*
- 7.50%
- 5Y*
- -3.95%
- 10Y*
- —
JREC.L
- 1D
- -1.80%
- 1M
- -2.78%
- 6M
- 5.86%
- YTD
- 9.07%
- 1Y
- 31.42%
- 3Y*
- 9.94%
- 5Y*
- —
- 10Y*
- —
FRCH.L vs. JREC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FRCH.L Franklin FTSE China UCITS ETF | -8.79% | 23.19% | 21.16% | -17.47% | -11.67% |
JREC.L JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 9.07% | 19.23% | 11.57% | -17.36% | -9.90% |
Correlation
The correlation between FRCH.L and JREC.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.65 |
The correlation between FRCH.L and JREC.L has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
FRCH.L vs. JREC.L — Risk / Return Rank
FRCH.L
JREC.L
FRCH.L vs. JREC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China UCITS ETF (FRCH.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.
| FRCH.L | JREC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.83 | -3.88 |
| Martin ratioReturn relative to average drawdown | -0.10 | 11.58 | -11.68 |
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Drawdowns
FRCH.L vs. JREC.L - Drawdown Comparison
The maximum FRCH.L drawdown since its inception was -56.28%, which is greater than JREC.L's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for FRCH.L and JREC.L.
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Drawdown Indicators
| FRCH.L | JREC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.28% | -36.61% | -19.67% |
Max Drawdown (1Y)Largest decline over 1 year | -20.57% | -8.17% | -12.40% |
Max Drawdown (3Y)Largest decline over 3 years | -33.36% | -25.01% | -8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -46.41% | — | — |
Current DrawdownCurrent decline from peak | -33.30% | -7.21% | -26.09% |
Average DrawdownAverage peak-to-trough decline | -29.76% | -16.89% | -12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.66% | 2.71% | +6.95% |
Volatility
FRCH.L vs. JREC.L - Volatility Comparison
The current volatility for Franklin FTSE China UCITS ETF (FRCH.L) is 5.21%, while JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) has a volatility of 9.11%. This indicates that FRCH.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
| FRCH.L | JREC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 9.11% | -3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 14.56% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 18.67% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.72% | 22.38% | +7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 22.38% | +6.51% |
Dividends
FRCH.L vs. JREC.L - Dividend Comparison
Neither FRCH.L nor JREC.L has paid dividends to shareholders.
Frequently Asked Questions
FRCH.L and JREC.L have a correlation of 0.62, 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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