JPPA.DE vs. JREE.DE
JPPA.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Acc) and JREE.DE (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) are both exchange-traded funds - JPPA.DE is a Ultrashort Bond fund actively managed by JPMorgan, while JREE.DE is a Europe Equities fund tracking the JP Morgan Europe Research Enhanced Index Equity (ESG). JPPA.DE is actively managed, while JREE.DE is passively managed. Over the past 5 years, JPPA.DE returned 4.27%/yr vs 10.59%/yr for JREE.DE. At a correlation of -0.15, they often move in opposite directions. JPPA.DE charges 0.18%/yr vs 0.25%/yr for JREE.DE.
Performance
JPPA.DE vs. JREE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPPA.DE achieves a 4.36% return, which is significantly lower than JREE.DE's 11.30% return.
JPPA.DE
- 1D
- -0.27%
- 1M
- 1.38%
- 6M
- 3.29%
- YTD
- 4.36%
- 1Y
- 5.45%
- 3Y*
- 4.38%
- 5Y*
- 4.27%
- 10Y*
- —
JREE.DE
- 1D
- 0.20%
- 1M
- 1.92%
- 6M
- 8.18%
- YTD
- 11.30%
- 1Y
- 22.43%
- 3Y*
- 14.17%
- 5Y*
- 10.59%
- 10Y*
- —
JPPA.DE vs. JREE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPPA.DE JPM USD Ultra-Short Income Active UCITS ETF USD Acc | 4.36% | -6.63% | 11.65% | 1.48% | 7.22% | 8.54% | -6.81% | -8.56% |
JREE.DE JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 11.30% | 20.14% | 6.61% | 17.07% | -9.47% | 25.67% | -1.97% | 12.61% |
Correlation
The correlation between JPPA.DE and JREE.DE is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | -0.15 |
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Return for Risk
JPPA.DE vs. JREE.DE — Risk / Return Rank
JPPA.DE
JREE.DE
JPPA.DE vs. JREE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE). 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.
| JPPA.DE | JREE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.24 | -0.33 |
| Martin ratioReturn relative to average drawdown | 4.64 | 8.55 | -3.91 |
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Drawdowns
JPPA.DE vs. JREE.DE - Drawdown Comparison
The maximum JPPA.DE drawdown since its inception was -14.84%, smaller than the maximum JREE.DE drawdown of -35.61%. Use the drawdown chart below to compare losses from any high point for JPPA.DE and JREE.DE.
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Drawdown Indicators
| JPPA.DE | JREE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.84% | -35.61% | +20.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -9.97% | +6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -16.63% | +5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -11.62% | -19.01% | +7.39% |
Current DrawdownCurrent decline from peak | -4.86% | -1.59% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -4.53% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.62% | -1.29% |
Volatility
JPPA.DE vs. JREE.DE - Volatility Comparison
The current volatility for JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) is 1.56%, while JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) has a volatility of 3.18%. This indicates that JPPA.DE experiences smaller price fluctuations and is considered to be less risky than JREE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPA.DE | JREE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 3.18% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 11.03% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 13.13% | -7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 14.67% | -7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 16.64% | -8.50% |
JPPA.DE vs. JREE.DE - Expense Ratio Comparison
JPPA.DE has a 0.18% expense ratio, which is lower than JREE.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JPPA.DE vs. JREE.DE - Dividend Comparison
Neither JPPA.DE nor JREE.DE has paid dividends to shareholders.
Frequently Asked Questions
JPPA.DE and JREE.DE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPPA.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPPA.DE is cheaper with a 0.18% expense ratio, compared with 0.25% for JREE.DE.
JPPA.DE is categorized as Ultrashort Bond, while JREE.DE is Europe Equities. Their fees differ too: 0.18% for JPPA.DE and 0.25% for JREE.DE.
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