JREA.DE vs. LCUA.DE

Last updated Jun 5, 2026

JREA.DE (JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and LCUA.DE (Amundi MSCI Emerging Asia II UCITS ETF Acc) are both Asia Pacific Equities funds - JREA.DE tracks the JP Morgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) while LCUA.DE tracks the MSCI Emerging Markets Asia. Both are passively managed. Over the past 3 years, JREA.DE returned 20.04%/yr vs 22.72%/yr for LCUA.DE. Their correlation of 0.90 suggests significant overlap in exposure. JREA.DE charges 0.30%/yr vs 0.12%/yr for LCUA.DE.

Performance

JREA.DE vs. LCUA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREA.DE) and Amundi MSCI Emerging Asia II UCITS ETF Acc (LCUA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JREA.DE achieves a 30.23% return, which is significantly lower than LCUA.DE's 31.85% return.

JREA.DE

• 1D: -1.51%
• 1M: 4.07%
• YTD: 30.23%
• 6M: 30.94%
• 1Y: 49.01%
• 3Y*: 20.04%
• 5Y*: —
• 10Y*: —

LCUA.DE

• 1D: -1.97%
• 1M: 5.12%
• YTD: 31.85%
• 6M: 32.05%
• 1Y: 53.21%
• 3Y*: 22.72%
• 5Y*: 8.90%
• 10Y*: —

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

JREA.DE vs. LCUA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JREA.DE JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	30.23%	14.97%	15.52%	0.94%	-9.63%
LCUA.DE Amundi MSCI Emerging Asia II UCITS ETF Acc	31.85%	18.08%	18.51%	3.26%	-12.90%

Correlation

The correlation between JREA.DE and LCUA.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 23, 2022	0.90

The correlation between JREA.DE and LCUA.DE has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

JREA.DE vs. LCUA.DE — Risk / Return Rank

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

JREA.DE

JREA.DE Risk / Return Rank: 88
JREA.DE Sharpe Ratio Rank: 89
JREA.DE Sortino Ratio Rank: 87
JREA.DE Omega Ratio Rank: 87
JREA.DE Calmar Ratio Rank: 89
JREA.DE Martin Ratio Rank: 88

LCUA.DE

LCUA.DE Risk / Return Rank: 83
LCUA.DE Sharpe Ratio Rank: 84
LCUA.DE Sortino Ratio Rank: 82
LCUA.DE Omega Ratio Rank: 83
LCUA.DE Calmar Ratio Rank: 84
LCUA.DE Martin Ratio Rank: 83

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.

JREA.DE vs. LCUA.DE - 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) (JREA.DE) and Amundi MSCI Emerging Asia II UCITS ETF Acc (LCUA.DE). 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.

	JREA.DE	LCUA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.94	2.72	+0.23
Sortino ratio: Return per unit of downside risk	3.88	3.59	+0.30
Omega ratio: Gain probability vs. loss probability	1.53	1.49	+0.04
Calmar ratio: Return relative to maximum drawdown	5.19	4.49	+0.70
Martin ratio: Return relative to average drawdown	18.76	16.33	+2.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JREA.DE vs. LCUA.DE - Sharpe Ratio Comparison

The current JREA.DE Sharpe Ratio is 2.94, which is comparable to the LCUA.DE Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of JREA.DE and LCUA.DE, 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

	JREA.DE	LCUA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	2.72	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.48	+0.19

Drawdowns

JREA.DE vs. LCUA.DE - Drawdown Comparison

The maximum JREA.DE drawdown since its inception was -20.14%, smaller than the maximum LCUA.DE drawdown of -33.18%. Use the drawdown chart below to compare losses from any high point for JREA.DE and LCUA.DE.

Drawdown Indicators

	JREA.DE	LCUA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.14%	-33.18%	+13.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-12.13%	+2.49%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-21.07%	+0.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.54%	—
Current Drawdown Current decline from peak	-2.73%	-2.86%	+0.13%
Average Drawdown Average peak-to-trough decline	-6.28%	-12.02%	+5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.34%	-0.67%

Volatility

JREA.DE vs. LCUA.DE - Volatility Comparison

The current volatility for JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREA.DE) is 7.19%, while Amundi MSCI Emerging Asia II UCITS ETF Acc (LCUA.DE) has a volatility of 8.54%. This indicates that JREA.DE experiences smaller price fluctuations and is considered to be less risky than LCUA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREA.DE	LCUA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.19%	8.54%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	14.07%	17.04%	-2.97%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	20.08%	-3.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	18.48%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	19.46%	-2.60%

JREA.DE vs. LCUA.DE - Expense Ratio Comparison

JREA.DE has a 0.30% expense ratio, which is higher than LCUA.DE's 0.12% expense ratio.

Dividends

JREA.DE vs. LCUA.DE - Dividend Comparison

Neither JREA.DE nor LCUA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JREA.DE and LCUA.DE in my portfolio?

With a correlation of 0.95, JREA.DE and LCUA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, JREA.DE or LCUA.DE?

On fees, LCUA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JREA.DE or LCUA.DE?

LCUA.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for JREA.DE.

What is the main difference between JREA.DE and LCUA.DE?

JREA.DE tracks JP Morgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG), while LCUA.DE tracks MSCI Emerging Markets Asia. They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.30% for JREA.DE and 0.12% for LCUA.DE.