IDJP.L vs. JREI.L
IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and JREI.L (JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist)) are both Japan Equities funds. IDJP.L is passively managed, while JREI.L is actively managed. Over the past 3 years, IDJP.L returned 15.94%/yr vs 15.87%/yr for JREI.L. Their correlation of 0.85 suggests significant overlap in exposure. IDJP.L charges 0.58%/yr vs 0.25%/yr for JREI.L.
Performance
IDJP.L vs. JREI.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IDJP.L having a 12.62% return and JREI.L slightly lower at 12.43%.
IDJP.L
- 1D
- -2.38%
- 1M
- -2.94%
- 6M
- 8.01%
- YTD
- 12.62%
- 1Y
- 26.24%
- 3Y*
- 15.94%
- 5Y*
- 7.23%
- 10Y*
- 7.71%
JREI.L
- 1D
- -2.47%
- 1M
- -5.81%
- 6M
- 5.94%
- YTD
- 12.43%
- 1Y
- 29.18%
- 3Y*
- 15.87%
- 5Y*
- —
- 10Y*
- —
IDJP.L vs. JREI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 12.62% | 29.69% | 3.33% | 13.53% | -4.99% |
JREI.L JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist) | 12.43% | 24.16% | 7.95% | 20.04% | -10.89% |
Correlation
The correlation between IDJP.L and JREI.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.85 |
The correlation between IDJP.L and JREI.L has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
IDJP.L vs. JREI.L — Risk / Return Rank
IDJP.L
JREI.L
IDJP.L vs. JREI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) and JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist) (JREI.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.
| IDJP.L | JREI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.37 | -0.28 |
| Martin ratioReturn relative to average drawdown | 6.67 | 7.57 | -0.91 |
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Drawdowns
IDJP.L vs. JREI.L - Drawdown Comparison
The maximum IDJP.L drawdown since its inception was -39.64%, which is greater than JREI.L's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for IDJP.L and JREI.L.
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Drawdown Indicators
| IDJP.L | JREI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -21.64% | -18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -12.26% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -14.85% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | — | — |
Current DrawdownCurrent decline from peak | -4.95% | -7.48% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -5.13% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 3.84% | +0.09% |
Volatility
IDJP.L vs. JREI.L - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) is 5.64%, while JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist) (JREI.L) has a volatility of 7.31%. This indicates that IDJP.L experiences smaller price fluctuations and is considered to be less risky than JREI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDJP.L | JREI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 7.31% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 18.19% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 21.73% | -3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 18.59% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 18.59% | -1.93% |
IDJP.L vs. JREI.L - Expense Ratio Comparison
IDJP.L has a 0.58% expense ratio, which is higher than JREI.L's 0.25% expense ratio.
Dividends
IDJP.L vs. JREI.L - Dividend Comparison
IDJP.L's dividend yield for the trailing twelve months is around 1.00%, less than JREI.L's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.00% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
JREI.L JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist) | 1.53% | 1.76% | 1.58% | 1.66% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDJP.L and JREI.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREI.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREI.L is cheaper with a 0.25% expense ratio, compared with 0.58% for IDJP.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.58% for IDJP.L and 0.25% for JREI.L.
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