JREA.L vs. LDAP.L
JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis) are both Japan Equities funds. JREA.L is actively managed, while LDAP.L is passively managed. Over the past 3 years, JREA.L returned 19.71%/yr vs 20.08%/yr for LDAP.L. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
JREA.L vs. LDAP.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 LDAP.L's 17.12% return.
JREA.L
- 1D
- -0.40%
- 1M
- -5.46%
- 6M
- 18.37%
- YTD
- 23.48%
- 1Y
- 39.13%
- 3Y*
- 19.71%
- 5Y*
- —
- 10Y*
- —
LDAP.L
- 1D
- 1.71%
- 1M
- -1.56%
- 6M
- 15.58%
- YTD
- 17.12%
- 1Y
- 24.38%
- 3Y*
- 20.08%
- 5Y*
- 9.64%
- 10Y*
- —
JREA.L vs. LDAP.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% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 17.12% | 35.59% | 3.81% | 9.13% | -9.73% |
Correlation
The correlation between JREA.L and LDAP.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.77 |
The correlation between JREA.L and LDAP.L has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
JREA.L vs. LDAP.L — Risk / Return Rank
JREA.L
LDAP.L
JREA.L vs. LDAP.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 L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.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 | LDAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.31 | +1.00 |
| Martin ratioReturn relative to average drawdown | 10.37 | 6.22 | +4.15 |
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Drawdowns
JREA.L vs. LDAP.L - Drawdown Comparison
The maximum JREA.L drawdown since its inception was -28.16%, smaller than the maximum LDAP.L drawdown of -99.33%. Use the drawdown chart below to compare losses from any high point for JREA.L and LDAP.L.
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Drawdown Indicators
| JREA.L | LDAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -99.33% | +71.17% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -10.85% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -24.47% | +5.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.61% | — |
Current DrawdownCurrent decline from peak | -7.65% | -98.38% | +90.73% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -98.71% | +90.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 4.04% | -0.28% |
Volatility
JREA.L vs. LDAP.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 L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.L) at 4.91%. This indicates that JREA.L's price experiences larger fluctuations and is considered to be riskier than LDAP.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 | LDAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 4.91% | +4.13% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 13.37% | +5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 15.84% | +5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 28.07% | -8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 51.15% | -31.57% |
Dividends
JREA.L vs. LDAP.L - Dividend Comparison
JREA.L has not paid dividends to shareholders, while LDAP.L's dividend yield for the trailing twelve months is around 3.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JREA.L JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 3.83% | 4.23% | 4.86% | 5.25% | 4.92% | 2.23% |
Frequently Asked Questions
JREA.L and LDAP.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: ETF Issuer and L&G.
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