JRCE.L vs. JREG.L

Last updated Jun 4, 2026

JRCE.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JRCE.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, JRCE.L returned 9.09%/yr vs 17.18%/yr for JREG.L. At a 0.17 correlation, their price movements are largely independent. JRCE.L charges 0.40%/yr vs 0.25%/yr for JREG.L.

Performance

JRCE.L vs. JREG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) and JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JRCE.L is traded in GBp, while JREG.L is traded in USD. To make them comparable, the JREG.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 11.09% return, which is significantly higher than JREG.L's 9.69% return.

JRCE.L

• 1D: 1.97%
• 1M: 3.41%
• YTD: 11.09%
• 6M: 14.62%
• 1Y: 42.57%
• 3Y*: 9.09%
• 5Y*: —
• 10Y*: —

JREG.L

• 1D: -0.41%
• 1M: 4.28%
• YTD: 9.69%
• 6M: 10.17%
• 1Y: 26.36%
• 3Y*: 17.18%
• 5Y*: 13.27%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JRCE.L vs. JREG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	11.09%	19.75%	11.38%	-17.74%	-9.39%
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	9.69%	11.22%	20.75%	19.41%	1.30%

Correlation

The correlation between JRCE.L and JREG.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022	0.17

The correlation between JRCE.L and JREG.L shifts across timeframes, from 0.17 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JRCE.L vs. JREG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JRCE.L

JRCE.L Risk / Return Rank: 88
JRCE.L Sharpe Ratio Rank: 87
JRCE.L Sortino Ratio Rank: 86
JRCE.L Omega Ratio Rank: 86
JRCE.L Calmar Ratio Rank: 93
JRCE.L Martin Ratio Rank: 89

JREG.L

JREG.L Risk / Return Rank: 65
JREG.L Sharpe Ratio Rank: 64
JREG.L Sortino Ratio Rank: 69
JREG.L Omega Ratio Rank: 63
JREG.L Calmar Ratio Rank: 61
JREG.L Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JRCE.L vs. JREG.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 JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.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.

	JRCE.L	JREG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.92	2.27	+0.66
Sortino ratio: Return per unit of downside risk	3.85	3.14	+0.71
Omega ratio: Gain probability vs. loss probability	1.52	1.42	+0.10
Calmar ratio: Return relative to maximum drawdown	6.91	4.03	+2.88
Martin ratio: Return relative to average drawdown	20.35	15.82	+4.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JRCE.L vs. JREG.L - Sharpe Ratio Comparison

The current JRCE.L Sharpe Ratio is 2.92, which is comparable to the JREG.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of JRCE.L and JREG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JRCE.L	JREG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	2.27	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.85	-0.74

Drawdowns

JRCE.L vs. JREG.L - Drawdown Comparison

The maximum JRCE.L drawdown since its inception was -36.68%, which is greater than JREG.L's maximum drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for JRCE.L and JREG.L.

Drawdown Indicators

	JRCE.L	JREG.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.68%	-25.88%	-10.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.40%	-6.51%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	-25.42%	-18.75%	-6.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.75%	—
Current Drawdown Current decline from peak	-1.88%	-0.41%	-1.47%
Average Drawdown Average peak-to-trough decline	-17.61%	-3.17%	-14.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	1.66%	+0.52%

Volatility

JRCE.L vs. JREG.L - Volatility Comparison

JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) has a higher volatility of 5.54% compared to JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) at 3.33%. This indicates that JRCE.L's price experiences larger fluctuations and is considered to be riskier than JREG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRCE.L	JREG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	3.33%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	8.77%	+1.44%
Volatility (1Y) Calculated over the trailing 1-year period	15.17%	11.62%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	14.39%	+7.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.52%	16.18%	+5.34%

JRCE.L vs. JREG.L - Expense Ratio Comparison

JRCE.L has a 0.40% expense ratio, which is higher than JREG.L's 0.25% expense ratio.

Dividends

JRCE.L vs. JREG.L - Dividend Comparison

Neither JRCE.L nor JREG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JRCE.L and JREG.L in my portfolio?

JRCE.L and JREG.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JRCE.L or JREG.L?

On fees, JREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JRCE.L or JREG.L?

JREG.L is cheaper with a 0.25% expense ratio, compared with 0.40% for JRCE.L.

What is the main difference between JRCE.L and JREG.L?

JRCE.L is categorized as China Equities, while JREG.L is Global Equities. JRCE.L tracks MSCI China A Onshore NR CNY, while JREG.L tracks MSCI ACWI NR USD. Their fees differ too: 0.40% for JRCE.L and 0.25% for JREG.L.