JPCT.L vs. JREA.L
JPCT.L (JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc)) and JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc)) are both exchange-traded funds - JPCT.L is a Global Equities fund tracking the JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc), while JREA.L is a Japan Equities fund actively managed by ETF Issuer. JPCT.L is passively managed, while JREA.L is actively managed. Over the past 3 years, JPCT.L returned 16.69%/yr vs 19.71%/yr for JREA.L. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
JPCT.L vs. JREA.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPCT.L achieves a 7.02% return, which is significantly lower than JREA.L's 23.48% return.
JPCT.L
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 6.06%
- YTD
- 7.02%
- 1Y
- 17.84%
- 3Y*
- 16.69%
- 5Y*
- 10.27%
- 10Y*
- —
JREA.L
- 1D
- -0.40%
- 1M
- -5.46%
- 6M
- 18.37%
- YTD
- 23.48%
- 1Y
- 39.13%
- 3Y*
- 19.71%
- 5Y*
- —
- 10Y*
- —
JPCT.L vs. JREA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JPCT.L JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc) | 7.02% | 19.79% | 17.53% | 23.63% | -13.34% |
JREA.L JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 23.48% | 29.63% | 8.81% | 4.45% | -11.27% |
Correlation
The correlation between JPCT.L and JREA.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.68 |
The correlation between JPCT.L and JREA.L has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.
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Return for Risk
JPCT.L vs. JREA.L — Risk / Return Rank
JPCT.L
JREA.L
JPCT.L vs. JREA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc) (JPCT.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.
| JPCT.L | JREA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.31 | -1.59 |
| Martin ratioReturn relative to average drawdown | 7.26 | 10.37 | -3.11 |
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Drawdowns
JPCT.L vs. JREA.L - Drawdown Comparison
The maximum JPCT.L drawdown since its inception was -26.59%, smaller than the maximum JREA.L drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for JPCT.L and JREA.L.
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Drawdown Indicators
| JPCT.L | JREA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.59% | -28.16% | +1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -11.77% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.82% | -18.58% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -7.65% | +7.63% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -8.39% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 3.76% | -1.33% |
Volatility
JPCT.L vs. JREA.L - Volatility Comparison
The current volatility for JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc) (JPCT.L) is 3.11%, while JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREA.L) has a volatility of 9.04%. This indicates that JPCT.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
| JPCT.L | JREA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 9.04% | -5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.69% | 19.03% | -8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 21.16% | -8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 19.58% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.34% | 19.58% | -4.24% |
Dividends
JPCT.L vs. JREA.L - Dividend Comparison
Neither JPCT.L nor JREA.L has paid dividends to shareholders.
Frequently Asked Questions
JPCT.L and JREA.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPCT.L is categorized as Global Equities, while JREA.L is Japan Equities.
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