JREA.L vs. JRCE.L
JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc)) and JRCE.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both exchange-traded funds - JREA.L is a Asia Pacific Equities fund actively managed by JPMorgan, while JRCE.L is a China Equities fund tracking the MSCI China A Onshore NR CNY. JREA.L is actively managed, while JRCE.L is passively managed. Over the past 3 years, JREA.L returned 18.83%/yr vs 10.73%/yr for JRCE.L. A 0.59 correlation means they provide meaningful diversification when combined. JREA.L charges 0.30%/yr vs 0.40%/yr for JRCE.L.
Performance
JREA.L vs. JRCE.L - Performance Comparison
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Different Trading Currencies
JREA.L is traded in USD, while JRCE.L is traded in GBp. To make them comparable, the JRCE.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 lower than JRCE.L's 10,612.97% return.
JREA.L
- 1D
- -1.96%
- 1M
- -8.72%
- 6M
- 14.54%
- YTD
- 19.52%
- 1Y
- 33.69%
- 3Y*
- 18.83%
- 5Y*
- —
- 10Y*
- —
JRCE.L
- 1D
- -2.63%
- 1M
- -3.89%
- 6M
- 4.24%
- YTD
- 10,612.97%
- 1Y
- 29.73%
- 3Y*
- 10.73%
- 5Y*
- —
- 10Y*
- —
JREA.L vs. JRCE.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% |
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 10,612.97% | -98.71% | 9.53% | -13.40% | -10.41% |
Correlation
The correlation between JREA.L and JRCE.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.59 |
The correlation between JREA.L and JRCE.L has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.
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Return for Risk
JREA.L vs. JRCE.L — Risk / Return Rank
JREA.L
JRCE.L
JREA.L vs. JRCE.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 JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.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 | JRCE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | -261.77 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 88.66 | -87.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 0.31 | +2.54 |
| Martin ratioReturn relative to average drawdown | 8.70 | 0.71 | +7.99 |
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Drawdowns
JREA.L vs. JRCE.L - Drawdown Comparison
The maximum JREA.L drawdown since its inception was -28.16%, smaller than the maximum JRCE.L drawdown of -99.18%. Use the drawdown chart below to compare losses from any high point for JREA.L and JRCE.L.
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Drawdown Indicators
| JREA.L | JRCE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -99.18% | +71.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -99.05% | +87.28% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -99.13% | +80.55% |
Current DrawdownCurrent decline from peak | -10.61% | -7.24% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -23.12% | +14.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 43.28% | -39.42% |
Volatility
JREA.L vs. JRCE.L - Volatility Comparison
JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREA.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) have volatilities of 8.95% and 9.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREA.L | JRCE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 9.25% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 19.13% | 654.42% | -635.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.30% | 26,048.76% | -26,027.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 12,518.49% | -12,498.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 12,518.49% | -12,498.89% |
JREA.L vs. JRCE.L - Expense Ratio Comparison
JREA.L has a 0.30% expense ratio, which is lower than JRCE.L's 0.40% expense ratio.
Dividends
JREA.L vs. JRCE.L - Dividend Comparison
Neither JREA.L nor JRCE.L has paid dividends to shareholders.
Frequently Asked Questions
JREA.L and JRCE.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREA.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREA.L is cheaper with a 0.30% expense ratio, compared with 0.40% for JRCE.L.
JREA.L is categorized as Asia Pacific Equities, while JRCE.L is China Equities. Their fees differ too: 0.30% for JREA.L and 0.40% for JRCE.L.
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