JREA.L vs. ESPS.L
JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc)) and ESPS.L (Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc) are both Asia Pacific Equities funds. JREA.L is actively managed, while ESPS.L is passively managed. Over the past 3 years, JREA.L returned 18.83%/yr vs 11.72%/yr for ESPS.L. A 0.75 correlation means they provide meaningful diversification when combined. JREA.L charges 0.30%/yr vs 0.19%/yr for ESPS.L.
Performance
JREA.L vs. ESPS.L - Performance Comparison
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Different Trading Currencies
JREA.L is traded in USD, while ESPS.L is traded in GBp. To make them comparable, the ESPS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JREA.L achieves a 19.52% return, which is significantly higher than ESPS.L's 8.76% return.
JREA.L
- 1D
- -1.96%
- 1M
- -8.72%
- 6M
- 14.54%
- YTD
- 19.52%
- 1Y
- 33.69%
- 3Y*
- 18.83%
- 5Y*
- —
- 10Y*
- —
ESPS.L
- 1D
- -0.28%
- 1M
- 1.89%
- 6M
- 6.54%
- YTD
- 8.76%
- 1Y
- 13.10%
- 3Y*
- 11.72%
- 5Y*
- 5.66%
- 10Y*
- —
JREA.L vs. ESPS.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) | 19.52% | 29.63% | 8.81% | 4.45% | -11.27% |
ESPS.L Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc | 8.76% | 19.26% | 5.86% | 5.23% | -9.05% |
Correlation
The correlation between JREA.L and ESPS.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.75 |
The correlation between JREA.L and ESPS.L shifts across timeframes, from 0.64 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JREA.L vs. ESPS.L — Risk / Return Rank
JREA.L
ESPS.L
JREA.L vs. ESPS.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 Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.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 | ESPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.17 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.44 | +1.41 |
| Martin ratioReturn relative to average drawdown | 8.70 | 3.85 | +4.85 |
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Drawdowns
JREA.L vs. ESPS.L - Drawdown Comparison
The maximum JREA.L drawdown since its inception was -28.16%, which is greater than ESPS.L's maximum drawdown of -25.07%. Use the drawdown chart below to compare losses from any high point for JREA.L and ESPS.L.
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Drawdown Indicators
| JREA.L | ESPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -25.07% | -3.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -9.09% | -2.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -19.21% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.34% | — |
Current DrawdownCurrent decline from peak | -10.61% | -2.25% | -8.36% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -6.82% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.40% | +0.46% |
Volatility
JREA.L vs. ESPS.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 8.95% compared to Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L) at 2.92%. This indicates that JREA.L's price experiences larger fluctuations and is considered to be riskier than ESPS.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 | ESPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 2.92% | +6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 19.13% | 10.92% | +8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.30% | 13.41% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 16.66% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 3,123.63% | -3,104.03% |
JREA.L vs. ESPS.L - Expense Ratio Comparison
JREA.L has a 0.30% expense ratio, which is higher than ESPS.L's 0.19% expense ratio.
Dividends
JREA.L vs. ESPS.L - Dividend Comparison
Neither JREA.L nor ESPS.L has paid dividends to shareholders.
Frequently Asked Questions
JREA.L and ESPS.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESPS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESPS.L is cheaper with a 0.19% expense ratio, compared with 0.30% for JREA.L.
They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.30% for JREA.L and 0.19% for ESPS.L.
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