JRCE.L vs. XCNA.L

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) and Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L).

JRCE.L and XCNA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JRCE.L is a passively managed fund by JPMorgan that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on Feb 15, 2022. XCNA.L is a passively managed fund by DWS that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on Jun 15, 2022. Both JRCE.L and XCNA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JRCE.L vs. XCNA.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 Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	1.10%	19.75%	11.38%	-17.74%	-8.14%
XCNA.L Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C	2.26%	23.10%	16.47%	-16.84%	13.29%

Different Trading Currencies

JRCE.L is traded in GBp, while XCNA.L is traded in USD. To make them comparable, the XCNA.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 1.10% return, which is significantly lower than XCNA.L's 2.26% return.

JRCE.L

• 1D: -0.12%
• 1M: -4.43%
• YTD: 1.10%
• 6M: 4.02%
• 1Y: 23.80%
• 3Y*: 2.98%
• 5Y*: —
• 10Y*: —

XCNA.L

• 1D: 1.18%
• 1M: -1.66%
• YTD: 2.26%
• 6M: 5.34%
• 1Y: 28.59%
• 3Y*: 5.59%
• 5Y*: —
• 10Y*: —

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

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

JRCE.L has a 0.40% expense ratio, which is higher than XCNA.L's 0.29% expense ratio.

JRCE.L

JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)

XCNA.L

Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C

Return for Risk

JRCE.L vs. XCNA.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: 76
JRCE.L Sharpe Ratio Rank: 78
JRCE.L Sortino Ratio Rank: 76
JRCE.L Omega Ratio Rank: 72
JRCE.L Calmar Ratio Rank: 84
JRCE.L Martin Ratio Rank: 71

XCNA.L

XCNA.L Risk / Return Rank: 87
XCNA.L Sharpe Ratio Rank: 85
XCNA.L Sortino Ratio Rank: 83
XCNA.L Omega Ratio Rank: 83
XCNA.L Calmar Ratio Rank: 89
XCNA.L Martin Ratio Rank: 92

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. XCNA.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 Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.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	XCNA.L	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.67	-0.14
Sortino ratio Return per unit of downside risk	2.05	2.18	-0.12
Omega ratio Gain probability vs. loss probability	1.28	1.31	-0.02
Calmar ratio Return relative to maximum drawdown	2.77	4.12	-1.34
Martin ratio Return relative to average drawdown	8.19	11.71	-3.52
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. XCNA.L - Sharpe Ratio Comparison

The current JRCE.L Sharpe Ratio is 1.53, which is comparable to the XCNA.L Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of JRCE.L and XCNA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JRCE.L	XCNA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.67	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.37	-0.37

Correlation

The correlation between JRCE.L and XCNA.L is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JRCE.L vs. XCNA.L - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

JRCE.L vs. XCNA.L - Drawdown Comparison

The maximum JRCE.L drawdown since its inception was -36.68%, roughly equal to the maximum XCNA.L drawdown of -35.26%. Use the drawdown chart below to compare losses from any high point for JRCE.L and XCNA.L.

Drawdown Indicators

	JRCE.L	XCNA.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.68%	-32.05%	-4.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.58%	-11.13%	+2.55%
Current Drawdown Current decline from peak	-5.10%	-3.79%	-1.31%
Average Drawdown Average peak-to-trough decline	-18.24%	-14.83%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.22%	+0.68%

Volatility

JRCE.L vs. XCNA.L - Volatility Comparison

The current volatility for JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) is 5.06%, while Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L) has a volatility of 5.54%. This indicates that JRCE.L experiences smaller price fluctuations and is considered to be less risky than XCNA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRCE.L	XCNA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	5.54%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	10.90%	11.73%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	17.09%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.67%	23.77%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.67%	23.77%	-2.10%