JREC.L vs. AH50.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc)) and AH50.L (Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D) are both China Equities funds. JREC.L is actively managed, while AH50.L is passively managed. Over the past 3 years, JREC.L returned 9.63%/yr vs 12.39%/yr for AH50.L. Their correlation of 0.86 suggests significant overlap in exposure. JREC.L charges 0.40%/yr vs 0.65%/yr for AH50.L.
Performance
JREC.L vs. AH50.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREC.L achieves a 3.55% return, which is significantly higher than AH50.L's 3.34% return.
JREC.L
- 1D
- -3.42%
- 1M
- -7.89%
- 6M
- 0.63%
- YTD
- 3.55%
- 1Y
- 25.34%
- 3Y*
- 9.63%
- 5Y*
- —
- 10Y*
- —
AH50.L
- 1D
- -3.56%
- 1M
- -8.89%
- 6M
- -1.06%
- YTD
- 3.34%
- 1Y
- 18.12%
- 3Y*
- 12.39%
- 5Y*
- 0.20%
- 10Y*
- 7.13%
JREC.L vs. AH50.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JREC.L JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc) | 3.55% | 28.38% | 9.65% | -13.02% | -19.50% |
AH50.L Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D | 3.34% | 26.76% | 17.80% | -13.04% | -18.41% |
Correlation
The correlation between JREC.L and AH50.L is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.86 |
The correlation between JREC.L and AH50.L has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
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Return for Risk
JREC.L vs. AH50.L — Risk / Return Rank
JREC.L
AH50.L
JREC.L vs. AH50.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREC.L) and Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D (AH50.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.
| JREC.L | AH50.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.57 | +0.84 |
| Martin ratioReturn relative to average drawdown | 8.89 | 5.54 | +3.35 |
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Drawdowns
JREC.L vs. AH50.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, smaller than the maximum AH50.L drawdown of -50.58%. Use the drawdown chart below to compare losses from any high point for JREC.L and AH50.L.
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Drawdown Indicators
| JREC.L | AH50.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -50.58% | +12.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.46% | -11.51% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -25.95% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.58% | — |
Current DrawdownCurrent decline from peak | -10.46% | -16.14% | +5.68% |
Average DrawdownAverage peak-to-trough decline | -18.92% | -20.57% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.26% | -0.42% |
Volatility
JREC.L vs. AH50.L - Volatility Comparison
The current volatility for JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREC.L) is 9.60%, while Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D (AH50.L) has a volatility of 10.61%. This indicates that JREC.L experiences smaller price fluctuations and is considered to be less risky than AH50.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREC.L | AH50.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.60% | 10.61% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 16.90% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 21.02% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 24.69% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 23.47% | -0.39% |
JREC.L vs. AH50.L - Expense Ratio Comparison
JREC.L has a 0.40% expense ratio, which is lower than AH50.L's 0.65% expense ratio.
Dividends
JREC.L vs. AH50.L - Dividend Comparison
JREC.L has not paid dividends to shareholders, while AH50.L's dividend yield for the trailing twelve months is around 2.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AH50.L Xtrackers Harvest FTSE China A-H 50 UCITS ETF 1D | 2.26% | 2.79% | 2.37% | 2.73% | 3.00% | 1.78% | 1.57% | 1.66% | 2.73% | 2.17% |
JREC.L JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, JREC.L and AH50.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, JREC.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREC.L is cheaper with a 0.40% expense ratio, compared with 0.65% for AH50.L.
They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.40% for JREC.L and 0.65% for AH50.L.
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