JREA.L vs. JREG.L
JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc)) and JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JREA.L is a Asia Pacific Equities fund actively managed by JPMorgan, while JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD. JREA.L is actively managed, while JREG.L is passively managed. Over the past 3 years, JREA.L returned 18.83%/yr vs 17.82%/yr for JREG.L. A 0.68 correlation means they provide meaningful diversification when combined. JREA.L charges 0.30%/yr vs 0.25%/yr for JREG.L.
Performance
JREA.L vs. JREG.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREA.L achieves a 19.52% return, which is significantly higher than JREG.L's 8.82% return.
JREA.L
- 1D
- -1.96%
- 1M
- -8.72%
- 6M
- 14.54%
- YTD
- 19.52%
- 1Y
- 33.69%
- 3Y*
- 18.83%
- 5Y*
- —
- 10Y*
- —
JREG.L
- 1D
- -1.15%
- 1M
- -0.77%
- 6M
- 7.50%
- YTD
- 8.82%
- 1Y
- 19.62%
- 3Y*
- 17.82%
- 5Y*
- 11.63%
- 10Y*
- —
JREA.L vs. JREG.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% |
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 8.82% | 19.75% | 18.69% | 25.69% | -12.59% |
Correlation
The correlation between JREA.L and JREG.L is 0.71, 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 | 0.71 |
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 JREG.L has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
JREA.L vs. JREG.L — Risk / Return Rank
JREA.L
JREG.L
JREA.L vs. JREG.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 Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.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 | JREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.32 | +0.53 |
| Martin ratioReturn relative to average drawdown | 8.70 | 9.58 | -0.88 |
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Drawdowns
JREA.L vs. JREG.L - Drawdown Comparison
The maximum JREA.L drawdown since its inception was -28.16%, smaller than the maximum JREG.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for JREA.L and JREG.L.
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Drawdown Indicators
| JREA.L | JREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -33.82% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -8.43% | -3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -16.74% | -1.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.33% | — |
Current DrawdownCurrent decline from peak | -10.61% | -1.30% | -9.31% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -4.76% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 2.04% | +1.82% |
Volatility
JREA.L vs. JREG.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 JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) at 2.80%. This indicates that JREA.L's price experiences larger fluctuations and is considered to be riskier than JREG.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 | JREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.95% | 2.80% | +6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 19.13% | 9.72% | +9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.30% | 12.17% | +9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 15.54% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 16.95% | +2.65% |
JREA.L vs. JREG.L - Expense Ratio Comparison
JREA.L has a 0.30% expense ratio, which is higher than JREG.L's 0.25% expense ratio.
Dividends
JREA.L vs. JREG.L - Dividend Comparison
Neither JREA.L nor JREG.L has paid dividends to shareholders.
Frequently Asked Questions
JREA.L and JREG.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREG.L is cheaper with a 0.25% expense ratio, compared with 0.30% for JREA.L.
JREA.L is categorized as Asia Pacific Equities, while JREG.L is Global Equities. Their fees differ too: 0.30% for JREA.L and 0.25% for JREG.L.
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