HBKU.L vs. JREC.L
HBKU.L ([](/symbol/HBKU.L)) and JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) are both exchange-traded funds - HBKU.L is a Global Equities fund managed by ETF Issuer, while JREC.L is a China Equities fund actively managed by ETF Issuer. Over the past year, HBKU.L returned 4.26% vs 32.83% for JREC.L. At a 0.08 correlation, their price movements are largely independent.
Performance
HBKU.L vs. JREC.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HBKU.L achieves a 0.37% return, which is significantly lower than JREC.L's 9.52% return.
HBKU.L
- 1D
- 0.37%
- 1M
- 0.10%
- 6M
- 0.63%
- YTD
- 0.37%
- 1Y
- 4.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
HBKU.L vs. JREC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
HBKU.L | 0.37% | 7.38% | 2.88% | 4.00% |
JREC.L JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 9.52% | 28.38% | 9.65% | -6.53% |
Correlation
The correlation between HBKU.L and JREC.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023 | 0.08 |
The correlation between HBKU.L and JREC.L shifts across timeframes, from 0.08 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HBKU.L vs. JREC.L — Risk / Return Rank
HBKU.L
JREC.L
HBKU.L vs. JREC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for (HBKU.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.
| HBKU.L | JREC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 4.53 | -3.29 |
| Martin ratioReturn relative to average drawdown | 3.86 | 12.00 | -8.15 |
Loading charts...
Drawdowns
HBKU.L vs. JREC.L - Drawdown Comparison
The maximum HBKU.L drawdown since its inception was -3.43%, smaller than the maximum JREC.L drawdown of -37.92%. Use the drawdown chart below to compare losses from any high point for HBKU.L and JREC.L.
Loading charts...
Drawdown Indicators
| HBKU.L | JREC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -37.92% | +34.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -7.22% | +3.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.06% | — |
Current DrawdownCurrent decline from peak | -1.01% | -5.30% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -0.75% | -18.94% | +18.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 2.73% | -1.63% |
Volatility
HBKU.L vs. JREC.L - Volatility Comparison
The current volatility for (HBKU.L) is 0.85%, while JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) has a volatility of 8.90%. This indicates that HBKU.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.
Loading charts...
Volatility by Period
| HBKU.L | JREC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 8.90% | -8.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 14.69% | -11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 18.76% | -14.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 23.02% | -19.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 23.02% | -19.39% |
Dividends
HBKU.L vs. JREC.L - Dividend Comparison
Neither HBKU.L nor JREC.L has paid dividends to shareholders.
Frequently Asked Questions
HBKU.L and JREC.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBKU.L is categorized as Global Equities, while JREC.L is China Equities.
Find the right allocation for HBKU.L and JREC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer