JREA.L vs. DXJA.L
JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and DXJA.L (WisdomTree Japan Equity UCITS ETF USD Hedged Acc) are both Japan Equities funds. JREA.L is actively managed, while DXJA.L is passively managed. Over the past 3 years, JREA.L returned 19.71%/yr vs 33.11%/yr for DXJA.L. At a 0.43 correlation, their price movements are largely independent.
Performance
JREA.L vs. DXJA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JREA.L having a 23.48% return and DXJA.L slightly higher at 23.53%.
JREA.L
- 1D
- -0.40%
- 1M
- -5.46%
- 6M
- 18.37%
- YTD
- 23.48%
- 1Y
- 39.13%
- 3Y*
- 19.71%
- 5Y*
- —
- 10Y*
- —
DXJA.L
- 1D
- -0.74%
- 1M
- 2.08%
- 6M
- 15.31%
- YTD
- 23.53%
- 1Y
- 55.91%
- 3Y*
- 33.11%
- 5Y*
- 27.43%
- 10Y*
- —
JREA.L vs. DXJA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JREA.L JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 23.48% | 29.63% | 8.81% | 4.45% | -11.27% |
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc | 23.53% | 33.46% | 28.94% | 41.24% | 1.03% |
Correlation
The correlation between JREA.L and DXJA.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.43 |
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Return for Risk
JREA.L vs. DXJA.L — Risk / Return Rank
JREA.L
DXJA.L
JREA.L vs. DXJA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREA.L) and WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.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.
| JREA.L | DXJA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.49 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 5.51 | -2.20 |
| Martin ratioReturn relative to average drawdown | 10.37 | 18.98 | -8.61 |
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Drawdowns
JREA.L vs. DXJA.L - Drawdown Comparison
The maximum JREA.L drawdown since its inception was -28.16%, smaller than the maximum DXJA.L drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for JREA.L and DXJA.L.
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Drawdown Indicators
| JREA.L | DXJA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -37.51% | +9.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -10.10% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -23.01% | +4.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.01% | — |
Current DrawdownCurrent decline from peak | -7.65% | -1.57% | -6.08% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -6.66% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 2.94% | +0.82% |
Volatility
JREA.L vs. DXJA.L - Volatility Comparison
JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREA.L) has a higher volatility of 9.04% compared to WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) at 5.86%. This indicates that JREA.L's price experiences larger fluctuations and is considered to be riskier than DXJA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREA.L | DXJA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 5.86% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 16.15% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 20.12% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 19.40% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 19.24% | +0.34% |
Dividends
JREA.L vs. DXJA.L - Dividend Comparison
Neither JREA.L nor DXJA.L has paid dividends to shareholders.
Frequently Asked Questions
JREA.L and DXJA.L have a correlation of 0.49, 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: ETF Issuer and WisdomTree.
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