IPXJ.L vs. JREA.L
IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) and JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc)) are both Asia Pacific Equities funds. IPXJ.L is passively managed, while JREA.L is actively managed. Over the past 3 years, IPXJ.L returned 11.93%/yr vs 18.83%/yr for JREA.L. Their correlation of 0.80 suggests significant overlap in exposure. IPXJ.L charges 0.60%/yr vs 0.30%/yr for JREA.L.
Performance
IPXJ.L vs. JREA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IPXJ.L achieves a 9.42% return, which is significantly lower than JREA.L's 19.52% return.
IPXJ.L
- 1D
- -0.91%
- 1M
- -0.21%
- 6M
- 7.35%
- YTD
- 9.42%
- 1Y
- 14.14%
- 3Y*
- 11.93%
- 5Y*
- 5.42%
- 10Y*
- 7.10%
JREA.L
- 1D
- -1.96%
- 1M
- -8.72%
- 6M
- 14.54%
- YTD
- 19.52%
- 1Y
- 33.69%
- 3Y*
- 18.83%
- 5Y*
- —
- 10Y*
- —
IPXJ.L vs. JREA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 9.42% | 19.91% | 4.45% | 5.64% | -9.09% |
JREA.L JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) | 19.52% | 29.63% | 8.81% | 4.45% | -11.27% |
Correlation
The correlation between IPXJ.L and JREA.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.80 |
The correlation between IPXJ.L and JREA.L has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
IPXJ.L vs. JREA.L — Risk / Return Rank
IPXJ.L
JREA.L
IPXJ.L vs. JREA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) and JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREA.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.
| IPXJ.L | JREA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.85 | -1.20 |
| Martin ratioReturn relative to average drawdown | 4.48 | 8.70 | -4.22 |
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Drawdowns
IPXJ.L vs. JREA.L - Drawdown Comparison
The maximum IPXJ.L drawdown since its inception was -38.93%, which is greater than JREA.L's maximum drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for IPXJ.L and JREA.L.
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Drawdown Indicators
| IPXJ.L | JREA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -28.16% | -10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -11.77% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -18.58% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.93% | — | — |
Current DrawdownCurrent decline from peak | -2.38% | -10.61% | +8.23% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -8.39% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.86% | -0.71% |
Volatility
IPXJ.L vs. JREA.L - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) is 3.13%, while JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREA.L) has a volatility of 8.95%. This indicates that IPXJ.L experiences smaller price fluctuations and is considered to be less risky than JREA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPXJ.L | JREA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 8.95% | -5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 19.13% | -7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 21.30% | -7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 19.60% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 19.60% | -1.89% |
IPXJ.L vs. JREA.L - Expense Ratio Comparison
IPXJ.L has a 0.60% expense ratio, which is higher than JREA.L's 0.30% expense ratio.
Dividends
IPXJ.L vs. JREA.L - Dividend Comparison
IPXJ.L's dividend yield for the trailing twelve months is around 2.83%, while JREA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 2.83% | 2.88% | 3.49% | 3.50% | 3.76% | 2.92% | 2.45% | 3.58% | 3.92% | 3.19% | 3.48% | 3.44% |
JREA.L JPM AC Asia Pacific ex Japan 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
IPXJ.L and JREA.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREA.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREA.L is cheaper with a 0.30% expense ratio, compared with 0.60% for IPXJ.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.60% for IPXJ.L and 0.30% for JREA.L.
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