IDFX.L vs. JREC.L
IDFX.L (iShares China Large Cap UCITS) and JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) are both China Equities funds. IDFX.L is passively managed, while JREC.L is actively managed. Over the past 3 years, IDFX.L returned 9.39%/yr vs 11.15%/yr for JREC.L. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
IDFX.L vs. JREC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDFX.L achieves a -9.70% return, which is significantly lower than JREC.L's 9.52% return.
IDFX.L
- 1D
- 1.87%
- 1M
- -2.16%
- 6M
- -13.18%
- YTD
- -9.70%
- 1Y
- -5.87%
- 3Y*
- 9.39%
- 5Y*
- -2.68%
- 10Y*
- 2.19%
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
IDFX.L vs. JREC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IDFX.L iShares China Large Cap UCITS | -9.70% | 28.34% | 31.04% | -13.62% | -21.69% |
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 IDFX.L and JREC.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.66 |
The correlation between IDFX.L and JREC.L has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
IDFX.L vs. JREC.L — Risk / Return Rank
IDFX.L
JREC.L
IDFX.L vs. JREC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large Cap UCITS (IDFX.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.
| IDFX.L | JREC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.31 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 4.53 | -4.78 |
| Martin ratioReturn relative to average drawdown | -0.61 | 12.00 | -12.61 |
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Drawdowns
IDFX.L vs. JREC.L - Drawdown Comparison
The maximum IDFX.L drawdown since its inception was -70.73%, 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 IDFX.L and JREC.L.
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Drawdown Indicators
| IDFX.L | JREC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.73% | -37.92% | -32.81% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -7.22% | -15.72% |
Max Drawdown (3Y)Largest decline over 3 years | -28.73% | -27.06% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -51.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.44% | — | — |
Current DrawdownCurrent decline from peak | -28.42% | -5.30% | -23.12% |
Average DrawdownAverage peak-to-trough decline | -34.14% | -18.94% | -15.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.65% | 2.73% | +6.92% |
Volatility
IDFX.L vs. JREC.L - Volatility Comparison
The current volatility for iShares China Large Cap UCITS (IDFX.L) is 6.39%, while JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) has a volatility of 8.90%. This indicates that IDFX.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
| IDFX.L | JREC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.39% | 8.90% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 14.69% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.59% | 18.76% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 23.02% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.01% | 23.02% | +2.99% |
Dividends
IDFX.L vs. JREC.L - Dividend Comparison
IDFX.L's dividend yield for the trailing twelve months is around 1.82%, while JREC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDFX.L iShares China Large Cap UCITS | 1.82% | 1.76% | 2.38% | 2.43% | 2.36% | 1.86% | 2.39% | 2.44% | 3.04% | 2.35% | 2.47% | 2.70% |
JREC.L JPM China A Research Enhanced Index Equity Active 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
IDFX.L and JREC.L have a correlation of 0.59, 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: iShares and ETF Issuer.
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