JGRE.L vs. JRCD.L

Last updated Jun 5, 2026

JGRE.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and JRCD.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both exchange-traded funds - JGRE.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JRCD.L is a China Equities fund tracking the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 3 years, JGRE.L returned 17.09%/yr vs 8.77%/yr for JRCD.L. At a 0.21 correlation, their price movements are largely independent. JGRE.L charges 0.25%/yr vs 0.40%/yr for JRCD.L.

Performance

JGRE.L vs. JRCD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRCD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGRE.L achieves a 9.61% return, which is significantly lower than JRCD.L's 10.85% return.

JGRE.L

• 1D: 0.12%
• 1M: 4.66%
• YTD: 9.61%
• 6M: 10.05%
• 1Y: 26.28%
• 3Y*: 17.09%
• 5Y*: 13.30%
• 10Y*: —

JRCD.L

• 1D: 0.17%
• 1M: 3.16%
• YTD: 10.85%
• 6M: 14.20%
• 1Y: 40.67%
• 3Y*: 8.77%
• 5Y*: —
• 10Y*: —

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

JGRE.L vs. JRCD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JGRE.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	9.61%	11.65%	20.63%	18.59%	1.90%
JRCD.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	10.85%	18.92%	11.42%	-17.74%	-9.39%

Correlation

The correlation between JGRE.L and JRCD.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022	0.21

The correlation between JGRE.L and JRCD.L shifts across timeframes, from 0.19 (3 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JGRE.L vs. JRCD.L — Risk / Return Rank

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

JGRE.L

JGRE.L Risk / Return Rank: 81
JGRE.L Sharpe Ratio Rank: 81
JGRE.L Sortino Ratio Rank: 81
JGRE.L Omega Ratio Rank: 83
JGRE.L Calmar Ratio Rank: 78
JGRE.L Martin Ratio Rank: 82

JRCD.L

JRCD.L Risk / Return Rank: 86
JRCD.L Sharpe Ratio Rank: 85
JRCD.L Sortino Ratio Rank: 82
JRCD.L Omega Ratio Rank: 83
JRCD.L Calmar Ratio Rank: 92
JRCD.L Martin Ratio Rank: 88

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.

JGRE.L vs. JRCD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.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.

	JGRE.L	JRCD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.73	-0.14
Sortino ratio: Return per unit of downside risk	3.55	3.62	-0.07
Omega ratio: Gain probability vs. loss probability	1.49	1.49	0.00
Calmar ratio: Return relative to maximum drawdown	3.93	6.29	-2.36
Martin ratio: Return relative to average drawdown	16.25	18.82	-2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGRE.L vs. JRCD.L - Sharpe Ratio Comparison

The current JGRE.L Sharpe Ratio is 2.59, which is comparable to the JRCD.L Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of JGRE.L and JRCD.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.

Sharpe Ratios by Period

	JGRE.L	JRCD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.73	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.10	+0.82

Drawdowns

JGRE.L vs. JRCD.L - Drawdown Comparison

The maximum JGRE.L drawdown since its inception was -25.31%, smaller than the maximum JRCD.L drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for JGRE.L and JRCD.L.

Drawdown Indicators

	JGRE.L	JRCD.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-36.64%	+11.33%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	-6.53%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-18.49%	-25.39%	+6.90%
Max Drawdown (5Y) Largest decline over 5 years	-18.49%	—	—
Current Drawdown Current decline from peak	-0.17%	-1.64%	+1.47%
Average Drawdown Average peak-to-trough decline	-3.10%	-17.65%	+14.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.19%	-0.58%

Volatility

JGRE.L vs. JRCD.L - Volatility Comparison

The current volatility for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) is 2.48%, while JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRCD.L) has a volatility of 5.56%. This indicates that JGRE.L experiences smaller price fluctuations and is considered to be less risky than JRCD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGRE.L	JRCD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.48%	5.56%	-3.08%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	10.22%	-3.02%
Volatility (1Y) Calculated over the trailing 1-year period	10.12%	15.10%	-4.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.16%	21.38%	-8.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	21.38%	-6.32%

JGRE.L vs. JRCD.L - Expense Ratio Comparison

JGRE.L has a 0.25% expense ratio, which is lower than JRCD.L's 0.40% expense ratio.

Dividends

JGRE.L vs. JRCD.L - Dividend Comparison

JGRE.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
JGRE.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	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

Can I hold both JGRE.L and JRCD.L in my portfolio?

JGRE.L and JRCD.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JGRE.L or JRCD.L?

On fees, JGRE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JGRE.L or JRCD.L?

JGRE.L is cheaper with a 0.25% expense ratio, compared with 0.40% for JRCD.L.

What is the main difference between JGRE.L and JRCD.L?

JGRE.L is categorized as Global Equities, while JRCD.L is China Equities. JGRE.L tracks MSCI ACWI NR USD, while JRCD.L tracks MSCI China A Onshore NR CNY. Their fees differ too: 0.25% for JGRE.L and 0.40% for JRCD.L.