IAPD.L vs. JRCE.L
IAPD.L (iShares Asia Pacific Dividend UCITS) and JRCE.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both exchange-traded funds - IAPD.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific 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, IAPD.L returned 19.11%/yr vs 10.66%/yr for JRCE.L. At a 0.36 correlation, their price movements are largely independent. IAPD.L charges 0.59%/yr vs 0.40%/yr for JRCE.L.
Performance
IAPD.L vs. JRCE.L - Performance Comparison
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Returns By Period
In the year-to-date period, IAPD.L achieves a 14.62% return, which is significantly lower than JRCE.L's 10,980.67% return.
IAPD.L
- 1D
- 0.00%
- 1M
- 1.51%
- 6M
- 10.11%
- YTD
- 14.62%
- 1Y
- 31.27%
- 3Y*
- 19.11%
- 5Y*
- 11.12%
- 10Y*
- 6.52%
JRCE.L
- 1D
- 0.00%
- 1M
- -0.81%
- 6M
- 7.77%
- YTD
- 10,980.67%
- 1Y
- 33.86%
- 3Y*
- 10.66%
- 5Y*
- —
- 10Y*
- —
IAPD.L vs. JRCE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IAPD.L iShares Asia Pacific Dividend UCITS | 14.62% | 20.92% | 7.89% | 7.23% | 2.93% |
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 IAPD.L and JRCE.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.37 |
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Return for Risk
IAPD.L vs. JRCE.L — Risk / Return Rank
IAPD.L
JRCE.L
IAPD.L vs. JRCE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS (IAPD.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.
| IAPD.L | JRCE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | -259.21 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 89.21 | -87.69 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 0.35 | +4.15 |
| Martin ratioReturn relative to average drawdown | 12.47 | 0.79 | +11.69 |
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Drawdowns
IAPD.L vs. JRCE.L - Drawdown Comparison
The maximum IAPD.L drawdown since its inception was -56.01%, smaller than the maximum JRCE.L drawdown of -99.20%. Use the drawdown chart below to compare losses from any high point for IAPD.L and JRCE.L.
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Drawdown Indicators
| IAPD.L | JRCE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.01% | -99.20% | +43.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -99.05% | +92.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -99.15% | +82.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.09% | — | — |
Current DrawdownCurrent decline from peak | -1.69% | -5.54% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -8.66% | -21.05% | +12.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 43.27% | -40.77% |
Volatility
IAPD.L vs. JRCE.L - Volatility Comparison
The current volatility for iShares Asia Pacific Dividend UCITS (IAPD.L) is 2.70%, while JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) has a volatility of 8.84%. This indicates that IAPD.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.
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Volatility by Period
| IAPD.L | JRCE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 8.84% | -6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.55% | 654.26% | -645.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 25,991.69% | -25,980.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 12,496.69% | -12,484.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 12,496.69% | -12,481.30% |
IAPD.L vs. JRCE.L - Expense Ratio Comparison
IAPD.L has a 0.59% expense ratio, which is higher than JRCE.L's 0.40% expense ratio.
Dividends
IAPD.L vs. JRCE.L - Dividend Comparison
IAPD.L's dividend yield for the trailing twelve months is around 4.16%, while JRCE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAPD.L iShares Asia Pacific Dividend UCITS | 4.16% | 4.20% | 5.25% | 5.77% | 6.84% | 5.51% | 3.70% | 5.67% | 5.87% | 4.71% | 4.22% | 5.31% |
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAPD.L and JRCE.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRCE.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRCE.L is cheaper with a 0.40% expense ratio, compared with 0.59% for IAPD.L.
IAPD.L is categorized as Asia Pacific Equities, while JRCE.L is China Equities. IAPD.L tracks MSCI AC Asia Pacific NR USD, while JRCE.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.59% for IAPD.L and 0.40% for JRCE.L.
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