IFFF.L vs. JRCE.L

Last updated Jul 17, 2026

IFFF.L (iShares MSCI AC Far East ex-Japan UCITS ETF) and JRCE.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both exchange-traded funds - IFFF.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan 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, IFFF.L returned 22.82%/yr vs 10.42%/yr for JRCE.L. A 0.61 correlation means they provide meaningful diversification when combined. IFFF.L charges 0.74%/yr vs 0.40%/yr for JRCE.L.

Performance

IFFF.L vs. JRCE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI AC Far East ex-Japan UCITS ETF (IFFF.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFFF.L achieves a 26.52% return, which is significantly lower than JRCE.L's 10,834.19% return.

IFFF.L

• 1D: -1.56%
• 1M: -7.37%
• 6M: 16.48%
• YTD: 26.52%
• 1Y: 47.83%
• 3Y*: 22.82%
• 5Y*: 7.65%
• 10Y*: 9.54%

JRCE.L

• 1D: 0.00%
• 1M: -1.97%
• 6M: 4.72%
• YTD: 10,834.19%
• 1Y: 33.09%
• 3Y*: 10.42%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IFFF.L vs. JRCE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IFFF.L iShares MSCI AC Far East ex-Japan UCITS ETF	26.52%	30.77%	13.56%	-4.04%	-10.07%
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	10,834.19%	-98.80%	11.38%	-17.74%	-9.39%

Correlation

The correlation between IFFF.L and JRCE.L is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022	0.61

The correlation between IFFF.L and JRCE.L has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.

Return for Risk

IFFF.L vs. JRCE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IFFF.L

IFFF.L Risk / Return Rank: 80
IFFF.L Sharpe Ratio Rank: 82
IFFF.L Sortino Ratio Rank: 74
IFFF.L Omega Ratio Rank: 81
IFFF.L Calmar Ratio Rank: 87
IFFF.L Martin Ratio Rank: 79

JRCE.L

JRCE.L Risk / Return Rank: 47
JRCE.L Sharpe Ratio Rank: 10
JRCE.L Sortino Ratio Rank: 100
JRCE.L Omega Ratio Rank: 100
JRCE.L Calmar Ratio Rank: 14
JRCE.L Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IFFF.L vs. JRCE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI AC Far East ex-Japan UCITS ETF (IFFF.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.

	IFFF.L	JRCE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.00	+2.10
Sortino ratio: Return per unit of downside risk	2.67	263.38	-260.71
Omega ratio: Gain probability vs. loss probability	1.38	89.15	-87.77
Calmar ratio: Return relative to maximum drawdown	3.90	0.34	+3.57
Martin ratio: Return relative to average drawdown	11.81	0.77	+11.04

IFFF.L vs. JRCE.L - Sharpe Ratio Comparison

The current IFFF.L Sharpe Ratio is 2.10, which is higher than the JRCE.L Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of IFFF.L and JRCE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IFFF.L vs. JRCE.L - Drawdown Comparison

The maximum IFFF.L drawdown since its inception was -72.71%, smaller than the maximum JRCE.L drawdown of -99.20%. Use the drawdown chart below to compare losses from any high point for IFFF.L and JRCE.L.

Drawdown Indicators

	IFFF.L	JRCE.L	Difference
Max Drawdown Largest peak-to-trough decline	-72.71%	-99.20%	+26.49%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-99.05%	+86.86%
Max Drawdown (3Y) Largest decline over 3 years	-19.69%	-99.15%	+79.46%
Max Drawdown (5Y) Largest decline over 5 years	-32.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.63%	—	—
Current Drawdown Current decline from peak	-12.19%	-6.79%	-5.40%
Average Drawdown Average peak-to-trough decline	-23.53%	-21.04%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	43.28%	-39.24%

Volatility

IFFF.L vs. JRCE.L - Volatility Comparison

iShares MSCI AC Far East ex-Japan UCITS ETF (IFFF.L) has a higher volatility of 10.82% compared to JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) at 8.84%. This indicates that IFFF.L's price experiences larger fluctuations and is considered to be riskier than JRCE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFFF.L	JRCE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	8.84%	+1.98%
Volatility (6M) Calculated over the trailing 6-month period	20.01%	654.26%	-634.25%
Volatility (1Y) Calculated over the trailing 1-year period	22.63%	25,991.70%	-25,969.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	12,491.07%	-12,471.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	12,491.07%	-12,471.68%

IFFF.L vs. JRCE.L - Expense Ratio Comparison

IFFF.L has a 0.74% expense ratio, which is higher than JRCE.L's 0.40% expense ratio.

Dividends

IFFF.L vs. JRCE.L - Dividend Comparison

IFFF.L's dividend yield for the trailing twelve months is around 1.11%, while JRCE.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFFF.L iShares MSCI AC Far East ex-Japan UCITS ETF	1.11%	1.45%	1.80%	1.88%	2.10%	1.36%	1.19%	1.75%	1.98%	1.54%	1.77%	2.22%
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

Can I hold both IFFF.L and JRCE.L in my portfolio?

IFFF.L and JRCE.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IFFF.L or JRCE.L?

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.

Which ETF is cheaper, IFFF.L or JRCE.L?

JRCE.L is cheaper with a 0.40% expense ratio, compared with 0.74% for IFFF.L.

What is the main difference between IFFF.L and JRCE.L?

IFFF.L is categorized as Asia Pacific Equities, while JRCE.L is China Equities. IFFF.L tracks MSCI AC Asia Ex Japan 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: 0.74% for IFFF.L and 0.40% for JRCE.L.