JRAE.L vs. CSKR.L
JRAE.L (JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and CSKR.L (iShares MSCI Korea UCITS ETF (Acc)) are both Asia Pacific Equities funds - JRAE.L tracks the MSCI AC Asia Pac Ex JPN NR USD while CSKR.L tracks the MSCI Korea NR USD. Both are passively managed. Over the past 3 years, JRAE.L returned 20.15%/yr vs 45.39%/yr for CSKR.L. A 0.57 correlation means they provide meaningful diversification when combined. JRAE.L charges 0.30%/yr vs 0.65%/yr for CSKR.L.
Performance
JRAE.L vs. CSKR.L - Performance Comparison
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Different Trading Currencies
JRAE.L is traded in GBp, while CSKR.L is traded in USD. To make them comparable, the CSKR.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRAE.L achieves a 28.94% return, which is significantly lower than CSKR.L's 107.20% return.
JRAE.L
- 1D
- -1.76%
- 1M
- 6.60%
- YTD
- 28.94%
- 6M
- 31.22%
- 1Y
- 54.30%
- 3Y*
- 20.15%
- 5Y*
- —
- 10Y*
- —
CSKR.L
- 1D
- -4.80%
- 1M
- 16.83%
- YTD
- 107.20%
- 6M
- 125.38%
- 1Y
- 235.82%
- 3Y*
- 45.39%
- 5Y*
- 19.76%
- 10Y*
- 17.87%
JRAE.L vs. CSKR.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% |
CSKR.L iShares MSCI Korea UCITS ETF (Acc) | 107.20% | 85.24% | -21.31% | 13.76% | -11.42% |
Correlation
The correlation between JRAE.L and CSKR.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.57 |
Over the past year, JRAE.L and CSKR.L have become more correlated (0.78) than their long-term average of 0.57, meaning their price movements have been converging.
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Return for Risk
JRAE.L vs. CSKR.L — Risk / Return Rank
JRAE.L
CSKR.L
JRAE.L vs. CSKR.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 MSCI Korea UCITS ETF (Acc) (CSKR.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 | CSKR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.83 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 5.62 | 10.81 | -5.19 |
| Martin ratioReturn relative to average drawdown | 19.32 | 38.46 | -19.14 |
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 | CSKR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.37 | 6.19 | -2.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.65 | +0.24 |
Drawdowns
JRAE.L vs. CSKR.L - Drawdown Comparison
The maximum JRAE.L drawdown since its inception was -16.72%, smaller than the maximum CSKR.L drawdown of -44.32%. Use the drawdown chart below to compare losses from any high point for JRAE.L and CSKR.L.
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Drawdown Indicators
| JRAE.L | CSKR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.72% | -44.32% | +27.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -21.66% | +12.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -28.94% | +12.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.32% | — |
Current DrawdownCurrent decline from peak | -2.58% | -5.57% | +2.99% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -17.89% | +12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 6.10% | -3.30% |
Volatility
JRAE.L vs. CSKR.L - Volatility Comparison
The current volatility for JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRAE.L) is 7.21%, while iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) has a volatility of 17.72%. This indicates that JRAE.L experiences smaller price fluctuations and is considered to be less risky than CSKR.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 | CSKR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 17.72% | -10.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 33.18% | -19.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 37.90% | -21.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 27.66% | -11.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 28.22% | -12.39% |
JRAE.L vs. CSKR.L - Expense Ratio Comparison
JRAE.L has a 0.30% expense ratio, which is lower than CSKR.L's 0.65% expense ratio.
Dividends
JRAE.L vs. CSKR.L - Dividend Comparison
Neither JRAE.L nor CSKR.L has paid dividends to shareholders.
Frequently Asked Questions
JRAE.L and CSKR.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRAE.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRAE.L is cheaper with a 0.30% expense ratio, compared with 0.65% for CSKR.L.
JRAE.L tracks MSCI AC Asia Pac Ex JPN NR USD, while CSKR.L tracks MSCI Korea NR USD. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for JRAE.L and 0.65% for CSKR.L.
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