JREC.L vs. C500.L

Last updated Jul 16, 2026

JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and C500.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) are both China Equities funds. JREC.L is actively managed, while C500.L is passively managed. Over the past 3 years, JREC.L returned 11.15%/yr vs 3.42%/yr for C500.L. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

JREC.L vs. C500.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) and Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JREC.L

• 1D: -0.77%
• 1M: -1.91%
• 6M: 6.51%
• YTD: 9.52%
• 1Y: 32.83%
• 3Y*: 11.15%
• 5Y*: —
• 10Y*: —

C500.L

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: 0.00%
• 3Y*: 3.42%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JREC.L vs. C500.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JREC.L JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)	9.52%	28.38%	9.65%	-13.02%	-0.20%
C500.L Invesco S&P China A MidCap 500 Swap UCITS ETF Acc	0.00%	6.99%	12.50%	-9.06%	11.25%

Correlation

The correlation between JREC.L and C500.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 (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since May 9, 2022	0.69

The correlation between JREC.L and C500.L has been stable across timeframes, ranging from 0.66 to 0.69 - a consistent structural relationship.

Return for Risk

JREC.L vs. C500.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JREC.L

JREC.L Risk / Return Rank: 74
JREC.L Sharpe Ratio Rank: 67
JREC.L Sortino Ratio Rank: 67
JREC.L Omega Ratio Rank: 65
JREC.L Calmar Ratio Rank: 91
JREC.L Martin Ratio Rank: 79

C500.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JREC.L vs. C500.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 Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.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	C500.L	Difference
Sharpe ratio: Return per unit of total volatility	1.74	—	—
Sortino ratio: Return per unit of downside risk	2.47	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	4.53	—	—
Martin ratio: Return relative to average drawdown	12.00	—	—

Drawdowns

JREC.L vs. C500.L - Drawdown Comparison

The maximum JREC.L drawdown since its inception was -37.92%, which is greater than C500.L's maximum drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for JREC.L and C500.L.

Drawdown Indicators

	JREC.L	C500.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.92%	-35.90%	-2.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	0.00%	-7.22%
Max Drawdown (3Y) Largest decline over 3 years	-27.06%	-27.05%	-0.01%
Current Drawdown Current decline from peak	-5.30%	-11.28%	+5.98%
Average Drawdown Average peak-to-trough decline	-18.94%	-14.01%	-4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	0.00%	+2.73%

Volatility

JREC.L vs. C500.L - Volatility Comparison

JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) has a higher volatility of 8.90% compared to Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) at 0.00%. This indicates that JREC.L's price experiences larger fluctuations and is considered to be riskier than C500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREC.L	C500.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.90%	0.00%	+8.90%
Volatility (6M) Calculated over the trailing 6-month period	14.69%	0.00%	+14.69%
Volatility (1Y) Calculated over the trailing 1-year period	18.76%	0.00%	+18.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.02%	23.51%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	23.51%	-0.49%

Dividends

JREC.L vs. C500.L - Dividend Comparison

Neither JREC.L nor C500.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JREC.L and C500.L in my portfolio?

JREC.L and C500.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.

What is the main difference between JREC.L and C500.L?

They also come from different issuers: ETF Issuer and Invesco.