JRCE.L vs. JREC.L
JRCE.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) are both China Equities funds. JRCE.L is passively managed, while JREC.L is actively managed. Over the past 3 years, JRCE.L returned 10.66%/yr vs 9.94%/yr for JREC.L. Their correlation of 0.90 suggests significant overlap in exposure.
Performance
JRCE.L vs. JREC.L - Performance Comparison
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Different Trading Currencies
JRCE.L is traded in GBp, while JREC.L is traded in USD. To make them comparable, the JREC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRCE.L achieves a 10,980.67% return, which is significantly higher than JREC.L's 9.07% return.
JRCE.L
- 1D
- 0.00%
- 1M
- -0.81%
- 6M
- 7.77%
- YTD
- 10,980.67%
- 1Y
- 33.86%
- 3Y*
- 10.66%
- 5Y*
- —
- 10Y*
- —
JREC.L
- 1D
- -1.80%
- 1M
- -2.78%
- 6M
- 5.86%
- YTD
- 9.07%
- 1Y
- 31.42%
- 3Y*
- 9.94%
- 5Y*
- —
- 10Y*
- —
JRCE.L vs. JREC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 10,980.67% | -98.80% | 11.38% | -17.74% | -9.39% |
JREC.L JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 9.07% | 19.23% | 11.57% | -17.36% | -10.74% |
Correlation
The correlation between JRCE.L and JREC.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.90 |
The correlation between JRCE.L and JREC.L has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
JRCE.L vs. JREC.L — Risk / Return Rank
JRCE.L
JREC.L
JRCE.L vs. JREC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) and JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.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.
| JRCE.L | JREC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | +261.06 | ||
| Omega ratioGain probability vs. loss probability | 89.21 | 1.30 | +87.92 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 3.83 | -3.49 |
| Martin ratioReturn relative to average drawdown | 0.79 | 11.58 | -10.80 |
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Drawdowns
JRCE.L vs. JREC.L - Drawdown Comparison
The maximum JRCE.L drawdown since its inception was -99.20%, which is greater than JREC.L's maximum drawdown of -36.61%. Use the drawdown chart below to compare losses from any high point for JRCE.L and JREC.L.
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Drawdown Indicators
| JRCE.L | JREC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.20% | -36.61% | -62.59% |
Max Drawdown (1Y)Largest decline over 1 year | -99.05% | -8.17% | -90.88% |
Max Drawdown (3Y)Largest decline over 3 years | -99.15% | -25.01% | -74.14% |
Current DrawdownCurrent decline from peak | -5.54% | -7.21% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -21.05% | -16.89% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.27% | 2.71% | +40.56% |
Volatility
JRCE.L vs. JREC.L - Volatility Comparison
JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) and JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) have volatilities of 8.84% and 9.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRCE.L | JREC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.84% | 9.11% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 654.26% | 14.56% | +639.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 25,991.69% | 18.67% | +25,973.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12,496.69% | 22.38% | +12,474.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12,496.69% | 22.38% | +12,474.31% |
Dividends
JRCE.L vs. JREC.L - Dividend Comparison
Neither JRCE.L nor JREC.L has paid dividends to shareholders.
Frequently Asked Questions
JRCE.L and JREC.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: JPMorgan and ETF Issuer.
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