JREA.L vs. JPCT.L
JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and JPCT.L (JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc)) are both exchange-traded funds - JREA.L is a Japan Equities fund actively managed by ETF Issuer, while JPCT.L is a Global Equities fund tracking the JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc). JREA.L is actively managed, while JPCT.L is passively managed. Over the past 3 years, JREA.L returned 19.71%/yr vs 16.69%/yr for JPCT.L. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
JREA.L vs. JPCT.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 higher than JPCT.L's 7.02% return.
JREA.L
- 1D
- -0.40%
- 1M
- -5.46%
- 6M
- 18.37%
- YTD
- 23.48%
- 1Y
- 39.13%
- 3Y*
- 19.71%
- 5Y*
- —
- 10Y*
- —
JPCT.L
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 6.06%
- YTD
- 7.02%
- 1Y
- 17.84%
- 3Y*
- 16.69%
- 5Y*
- 10.27%
- 10Y*
- —
JREA.L vs. JPCT.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% |
JPCT.L JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc) | 7.02% | 19.79% | 17.53% | 23.63% | -13.34% |
Correlation
The correlation between JREA.L and JPCT.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.68 |
The correlation between JREA.L and JPCT.L has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.
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Return for Risk
JREA.L vs. JPCT.L — Risk / Return Rank
JREA.L
JPCT.L
JREA.L vs. JPCT.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 JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc) (JPCT.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 | JPCT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.71 | +1.59 |
| Martin ratioReturn relative to average drawdown | 10.37 | 7.26 | +3.11 |
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Drawdowns
JREA.L vs. JPCT.L - Drawdown Comparison
The maximum JREA.L drawdown since its inception was -28.16%, which is greater than JPCT.L's maximum drawdown of -26.59%. Use the drawdown chart below to compare losses from any high point for JREA.L and JPCT.L.
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Drawdown Indicators
| JREA.L | JPCT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -26.59% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -10.25% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -17.82% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.59% | — |
Current DrawdownCurrent decline from peak | -7.65% | -0.02% | -7.63% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -5.34% | -3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 2.43% | +1.33% |
Volatility
JREA.L vs. JPCT.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 JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc) (JPCT.L) at 3.11%. This indicates that JREA.L's price experiences larger fluctuations and is considered to be riskier than JPCT.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 | JPCT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 3.11% | +5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 10.69% | +8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 13.10% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 15.71% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 15.34% | +4.24% |
Dividends
JREA.L vs. JPCT.L - Dividend Comparison
Neither JREA.L nor JPCT.L has paid dividends to shareholders.
Frequently Asked Questions
JREA.L and JPCT.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JREA.L is categorized as Japan Equities, while JPCT.L is Global Equities.
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