IASH.L vs. JRCD.L
IASH.L (iShares MSCI China A UCITS USD) and JRCD.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both China Equities funds tracking the MSCI China A Onshore NR CNY, from iShares and JPMorgan respectively. Both are passively managed. Over the past 3 years, IASH.L returned 8.41%/yr vs 8.71%/yr for JRCD.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.40% expense ratio.
Performance
IASH.L vs. JRCD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IASH.L achieves a 9.51% return, which is significantly lower than JRCD.L's 10.67% return.
IASH.L
- 1D
- -0.06%
- 1M
- 3.10%
- YTD
- 9.51%
- 6M
- 12.93%
- 1Y
- 38.65%
- 3Y*
- 8.41%
- 5Y*
- 0.05%
- 10Y*
- 7.12%
JRCD.L
- 1D
- 1.96%
- 1M
- 3.49%
- YTD
- 10.67%
- 6M
- 14.19%
- 1Y
- 41.07%
- 3Y*
- 8.71%
- 5Y*
- —
- 10Y*
- —
IASH.L vs. JRCD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IASH.L iShares MSCI China A UCITS USD | 9.51% | 17.67% | 12.92% | -18.83% | -10.62% |
JRCD.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 10.67% | 18.92% | 11.42% | -17.74% | -9.39% |
Correlation
The correlation between IASH.L and JRCD.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022 | 0.97 |
The correlation between IASH.L and JRCD.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
IASH.L vs. JRCD.L — Risk / Return Rank
IASH.L
JRCD.L
IASH.L vs. JRCD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS USD (IASH.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRCD.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.
| IASH.L | JRCD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.51 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.73 | 6.54 | -0.82 |
| Martin ratioReturn relative to average drawdown | 15.80 | 19.58 | -3.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IASH.L | JRCD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.83 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.10 | -0.01 |
Drawdowns
IASH.L vs. JRCD.L - Drawdown Comparison
The maximum IASH.L drawdown since its inception was -48.39%, which is greater than JRCD.L's maximum drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for IASH.L and JRCD.L.
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Drawdown Indicators
| IASH.L | JRCD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.39% | -36.64% | -11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -6.53% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -25.77% | -25.39% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -42.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | — | — |
Current DrawdownCurrent decline from peak | -10.06% | -1.80% | -8.26% |
Average DrawdownAverage peak-to-trough decline | -24.72% | -17.67% | -7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.19% | +0.25% |
Volatility
IASH.L vs. JRCD.L - Volatility Comparison
iShares MSCI China A UCITS USD (IASH.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRCD.L) have volatilities of 5.69% and 5.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IASH.L | JRCD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 5.56% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 10.24% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 15.13% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.27% | 21.39% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 21.39% | +1.40% |
IASH.L vs. JRCD.L - Expense Ratio Comparison
Both IASH.L and JRCD.L have an expense ratio of 0.40%.
Dividends
IASH.L vs. JRCD.L - Dividend Comparison
IASH.L has not paid dividends to shareholders, while JRCD.L's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IASH.L iShares MSCI China A UCITS USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRCD.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 0.86% | 1.35% | 1.97% | 1.67% | 1.88% |
Frequently Asked Questions
With a correlation of 0.98, IASH.L and JRCD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IASH.L and JRCD.L have the same expense ratio: 0.40% per year.
Both ETFs track MSCI China A Onshore NR CNY. They also come from different issuers: iShares and JPMorgan.
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