JREC.L vs. CC1U.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc)) and CC1U.L (Amundi MSCI China UCITS ETF-C USD) are both China Equities funds. JREC.L is actively managed, while CC1U.L is passively managed. Over the past 3 years, JREC.L returned 9.63%/yr vs 1.46%/yr for CC1U.L. A 0.79 correlation means they provide meaningful diversification when combined. JREC.L charges 0.40%/yr vs 0.45%/yr for CC1U.L.
Performance
JREC.L vs. CC1U.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 CC1U.L's -11.04% return.
JREC.L
- 1D
- -3.42%
- 1M
- -7.89%
- 6M
- 0.63%
- YTD
- 3.55%
- 1Y
- 25.34%
- 3Y*
- 9.63%
- 5Y*
- —
- 10Y*
- —
CC1U.L
- 1D
- -3.44%
- 1M
- -9.95%
- 6M
- -15.95%
- YTD
- -11.04%
- 1Y
- 5.21%
- 3Y*
- 1.46%
- 5Y*
- -0.68%
- 10Y*
- —
JREC.L vs. CC1U.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% |
CC1U.L Amundi MSCI China UCITS ETF-C USD | -11.04% | 39.49% | 1.53% | -11.33% | -14.58% |
Correlation
The correlation between JREC.L and CC1U.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.79 |
The correlation between JREC.L and CC1U.L has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
JREC.L vs. CC1U.L — Risk / Return Rank
JREC.L
CC1U.L
JREC.L vs. CC1U.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 Amundi MSCI China UCITS ETF-C USD (CC1U.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 | CC1U.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.06 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.26 | +2.15 |
| Martin ratioReturn relative to average drawdown | 8.89 | 0.58 | +8.31 |
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Drawdowns
JREC.L vs. CC1U.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, smaller than the maximum CC1U.L drawdown of -45.32%. Use the drawdown chart below to compare losses from any high point for JREC.L and CC1U.L.
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Drawdown Indicators
| JREC.L | CC1U.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -45.32% | +7.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.46% | -20.11% | +9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -39.67% | +12.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.25% | — |
Current DrawdownCurrent decline from peak | -10.46% | -20.11% | +9.65% |
Average DrawdownAverage peak-to-trough decline | -18.92% | -16.00% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 8.97% | -6.13% |
Volatility
JREC.L vs. CC1U.L - Volatility Comparison
JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREC.L) has a higher volatility of 9.60% compared to Amundi MSCI China UCITS ETF-C USD (CC1U.L) at 8.05%. This indicates that JREC.L's price experiences larger fluctuations and is considered to be riskier than CC1U.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 | CC1U.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.60% | 8.05% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 17.05% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 24.21% | -5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 27.38% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 25.47% | -2.39% |
JREC.L vs. CC1U.L - Expense Ratio Comparison
JREC.L has a 0.40% expense ratio, which is lower than CC1U.L's 0.45% expense ratio.
Dividends
JREC.L vs. CC1U.L - Dividend Comparison
Neither JREC.L nor CC1U.L has paid dividends to shareholders.
Frequently Asked Questions
JREC.L and CC1U.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.45% for CC1U.L.
They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.40% for JREC.L and 0.45% for CC1U.L.
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