JREC.L vs. CHI3.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc)) and CHI3.L (Leverage Shares 3x Long China ETP Securities) are both China Equities funds. Both are actively managed. Over the past 3 years, JREC.L returned 9.63%/yr vs -16.21%/yr for CHI3.L. A 0.69 correlation means they provide meaningful diversification when combined. JREC.L charges 0.40%/yr vs 0.75%/yr for CHI3.L.
Performance
JREC.L vs. CHI3.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 CHI3.L's -41.61% return.
JREC.L
- 1D
- -3.42%
- 1M
- -7.89%
- 6M
- 0.63%
- YTD
- 3.55%
- 1Y
- 25.34%
- 3Y*
- 9.63%
- 5Y*
- —
- 10Y*
- —
CHI3.L
- 1D
- -8.05%
- 1M
- -7.34%
- 6M
- -46.19%
- YTD
- -41.61%
- 1Y
- -37.17%
- 3Y*
- -16.21%
- 5Y*
- —
- 10Y*
- —
JREC.L vs. CHI3.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% | -7.35% |
CHI3.L Leverage Shares 3x Long China ETP Securities | -41.61% | 50.00% | 6.20% | -53.60% | -45.60% |
Correlation
The correlation between JREC.L and CHI3.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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2022 | 0.69 |
The correlation between JREC.L and CHI3.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
JREC.L vs. CHI3.L — Risk / Return Rank
JREC.L
CHI3.L
JREC.L vs. CHI3.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 Leverage Shares 3x Long China ETP Securities (CHI3.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 | CHI3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.93 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | -0.58 | +2.99 |
| Martin ratioReturn relative to average drawdown | 8.89 | -1.07 | +9.96 |
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Drawdowns
JREC.L vs. CHI3.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, smaller than the maximum CHI3.L drawdown of -84.75%. Use the drawdown chart below to compare losses from any high point for JREC.L and CHI3.L.
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Drawdown Indicators
| JREC.L | CHI3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -84.75% | +46.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.46% | -63.95% | +53.49% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -65.83% | +38.77% |
Current DrawdownCurrent decline from peak | -10.46% | -79.33% | +68.87% |
Average DrawdownAverage peak-to-trough decline | -18.92% | -64.95% | +46.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 34.73% | -31.89% |
Volatility
JREC.L vs. CHI3.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 Leverage Shares 3x Long China ETP Securities (CHI3.L) has a volatility of 18.27%. This indicates that JREC.L experiences smaller price fluctuations and is considered to be less risky than CHI3.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 | CHI3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.60% | 18.27% | -8.67% |
Volatility (6M)Calculated over the trailing 6-month period | 15.19% | 45.97% | -30.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.20% | 61.39% | -42.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 83.02% | -59.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.08% | 83.02% | -59.94% |
JREC.L vs. CHI3.L - Expense Ratio Comparison
JREC.L has a 0.40% expense ratio, which is lower than CHI3.L's 0.75% expense ratio.
Dividends
JREC.L vs. CHI3.L - Dividend Comparison
Neither JREC.L nor CHI3.L has paid dividends to shareholders.
Frequently Asked Questions
JREC.L and CHI3.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.
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 0.75% for CHI3.L.
They also come from different issuers: JPMorgan and Leverage Shares. Their fees differ too: 0.40% for JREC.L and 0.75% for CHI3.L.
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