JREA.L vs. HSXD.L
JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF) are both Japan Equities funds. JREA.L is actively managed, while HSXD.L is passively managed. Over the past 3 years, JREA.L returned 19.71%/yr vs 23.98%/yr for HSXD.L. Their correlation of 0.94 suggests significant overlap in exposure.
Performance
JREA.L vs. HSXD.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREA.L achieves a 23.48% return, which is significantly lower than HSXD.L's 27.12% return.
JREA.L
- 1D
- -0.40%
- 1M
- -5.46%
- 6M
- 18.37%
- YTD
- 23.48%
- 1Y
- 39.13%
- 3Y*
- 19.71%
- 5Y*
- —
- 10Y*
- —
HSXD.L
- 1D
- -1.47%
- 1M
- -7.17%
- 6M
- 21.56%
- YTD
- 27.12%
- 1Y
- 45.66%
- 3Y*
- 23.98%
- 5Y*
- 9.90%
- 10Y*
- —
JREA.L vs. HSXD.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% |
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF | 27.12% | 32.35% | 14.83% | 4.23% | -9.76% |
Correlation
The correlation between JREA.L and HSXD.L is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.94 |
The correlation between JREA.L and HSXD.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
JREA.L vs. HSXD.L — Risk / Return Rank
JREA.L
HSXD.L
JREA.L vs. HSXD.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 HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.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 | HSXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 3.51 | -0.20 |
| Martin ratioReturn relative to average drawdown | 10.37 | 10.85 | -0.48 |
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Drawdowns
JREA.L vs. HSXD.L - Drawdown Comparison
The maximum JREA.L drawdown since its inception was -28.16%, smaller than the maximum HSXD.L drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for JREA.L and HSXD.L.
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Drawdown Indicators
| JREA.L | HSXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -38.23% | +10.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -12.86% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -20.22% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.89% | — |
Current DrawdownCurrent decline from peak | -7.65% | -9.93% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -14.15% | +5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 4.16% | -0.40% |
Volatility
JREA.L vs. HSXD.L - Volatility Comparison
The current volatility for JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREA.L) is 9.04%, while HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L) has a volatility of 10.03%. This indicates that JREA.L experiences smaller price fluctuations and is considered to be less risky than HSXD.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 | HSXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 10.03% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 20.15% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 22.21% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 19.62% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 19.15% | +0.43% |
Dividends
JREA.L vs. HSXD.L - Dividend Comparison
Neither JREA.L nor HSXD.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, JREA.L and HSXD.L 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.
They also come from different issuers: ETF Issuer and HSBC.
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