JREA.L vs. LGJP.L
JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and LGJP.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds. JREA.L is actively managed, while LGJP.L is passively managed. Over the past 3 years, JREA.L returned 19.71%/yr vs 17.92%/yr for LGJP.L. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
JREA.L vs. LGJP.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 LGJP.L's 15.08% return.
JREA.L
- 1D
- -0.40%
- 1M
- -5.46%
- 6M
- 18.37%
- YTD
- 23.48%
- 1Y
- 39.13%
- 3Y*
- 19.71%
- 5Y*
- —
- 10Y*
- —
LGJP.L
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 9.30%
- YTD
- 15.08%
- 1Y
- 33.92%
- 3Y*
- 17.92%
- 5Y*
- 9.51%
- 10Y*
- —
JREA.L vs. LGJP.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% |
LGJP.L L&G Japan Equity UCITS ETF | 15.08% | 25.67% | 8.35% | 20.25% | -11.35% |
Correlation
The correlation between JREA.L and LGJP.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.59 |
The correlation between JREA.L and LGJP.L has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
JREA.L vs. LGJP.L — Risk / Return Rank
JREA.L
LGJP.L
JREA.L vs. LGJP.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 Japan Equity UCITS ETF (LGJP.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 | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.53 | +0.78 |
| Martin ratioReturn relative to average drawdown | 10.37 | 8.18 | +2.19 |
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Drawdowns
JREA.L vs. LGJP.L - Drawdown Comparison
The maximum JREA.L drawdown since its inception was -28.16%, smaller than the maximum LGJP.L drawdown of -32.19%. Use the drawdown chart below to compare losses from any high point for JREA.L and LGJP.L.
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Drawdown Indicators
| JREA.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.16% | -32.19% | +4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -13.20% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -14.30% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.19% | — |
Current DrawdownCurrent decline from peak | -7.65% | -3.27% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -7.57% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.76% | 4.08% | -0.32% |
Volatility
JREA.L vs. LGJP.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 Japan Equity UCITS ETF (LGJP.L) at 6.42%. This indicates that JREA.L's price experiences larger fluctuations and is considered to be riskier than LGJP.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 | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.04% | 6.42% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 17.61% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.16% | 21.09% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 18.15% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 18.30% | +1.28% |
Dividends
JREA.L vs. LGJP.L - Dividend Comparison
Neither JREA.L nor LGJP.L has paid dividends to shareholders.
Frequently Asked Questions
JREA.L and LGJP.L have a correlation of 0.65, 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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