JRAE.L vs. CPJ1.L
JRAE.L (JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and CPJ1.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) are both Asia Pacific Equities funds - JRAE.L tracks the MSCI AC Asia Pac Ex JPN NR USD while CPJ1.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 3 years, JRAE.L returned 20.15%/yr vs 10.56%/yr for CPJ1.L. A 0.72 correlation means they provide meaningful diversification when combined. JRAE.L charges 0.30%/yr vs 0.20%/yr for CPJ1.L.
Performance
JRAE.L vs. CPJ1.L - Performance Comparison
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Returns By Period
In the year-to-date period, JRAE.L achieves a 28.94% return, which is significantly higher than CPJ1.L's 8.83% return.
JRAE.L
- 1D
- -1.76%
- 1M
- 6.60%
- YTD
- 28.94%
- 6M
- 31.22%
- 1Y
- 54.30%
- 3Y*
- 20.15%
- 5Y*
- —
- 10Y*
- —
CPJ1.L
- 1D
- -0.60%
- 1M
- 0.44%
- YTD
- 8.83%
- 6M
- 9.62%
- 1Y
- 17.48%
- 3Y*
- 10.56%
- 5Y*
- 6.01%
- 10Y*
- 8.53%
JRAE.L vs. CPJ1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRAE.L JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 28.94% | 20.80% | 10.58% | -1.23% | -1.04% |
CPJ1.L iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc | 8.83% | 12.05% | 6.89% | 0.15% | 1.90% |
Correlation
The correlation between JRAE.L and CPJ1.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.72 |
The correlation between JRAE.L and CPJ1.L has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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Return for Risk
JRAE.L vs. CPJ1.L — Risk / Return Rank
JRAE.L
CPJ1.L
JRAE.L vs. CPJ1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRAE.L) and iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.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.
| JRAE.L | CPJ1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.29 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 5.62 | 2.41 | +3.22 |
| Martin ratioReturn relative to average drawdown | 19.32 | 7.27 | +12.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JRAE.L | CPJ1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.37 | 1.59 | +1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.45 | +0.44 |
Drawdowns
JRAE.L vs. CPJ1.L - Drawdown Comparison
The maximum JRAE.L drawdown since its inception was -16.72%, smaller than the maximum CPJ1.L drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for JRAE.L and CPJ1.L.
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Drawdown Indicators
| JRAE.L | CPJ1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.72% | -32.49% | +15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -7.23% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -17.15% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.49% | — |
Current DrawdownCurrent decline from peak | -2.58% | -2.97% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -6.90% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.40% | +0.40% |
Volatility
JRAE.L vs. CPJ1.L - Volatility Comparison
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRAE.L) has a higher volatility of 7.21% compared to iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) at 3.70%. This indicates that JRAE.L's price experiences larger fluctuations and is considered to be riskier than CPJ1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRAE.L | CPJ1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 3.70% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 8.65% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 10.99% | +5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 13.74% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 15.93% | -0.10% |
JRAE.L vs. CPJ1.L - Expense Ratio Comparison
JRAE.L has a 0.30% expense ratio, which is higher than CPJ1.L's 0.20% expense ratio.
Dividends
JRAE.L vs. CPJ1.L - Dividend Comparison
Neither JRAE.L nor CPJ1.L has paid dividends to shareholders.
Frequently Asked Questions
JRAE.L and CPJ1.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CPJ1.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CPJ1.L is cheaper with a 0.20% expense ratio, compared with 0.30% for JRAE.L.
JRAE.L tracks MSCI AC Asia Pac Ex JPN NR USD, while CPJ1.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for JRAE.L and 0.20% for CPJ1.L.
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