JREC.L vs. CHIN.L

Last updated Jul 18, 2026

JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc)) and CHIN.L (ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF) are both China Equities funds. JREC.L is actively managed, while CHIN.L is passively managed. Over the past 3 years, JREC.L returned 9.63%/yr vs 10.18%/yr for CHIN.L. Their correlation of 0.86 suggests significant overlap in exposure. JREC.L charges 0.40%/yr vs 0.55%/yr for CHIN.L.

Performance

JREC.L vs. CHIN.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 ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF (CHIN.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JREC.L achieves a 3.55% return, which is significantly higher than CHIN.L's -2.57% return.

JREC.L

• 1D: -3.42%
• 1M: -7.89%
• 6M: 0.63%
• YTD: 3.55%
• 1Y: 25.34%
• 3Y*: 9.63%
• 5Y*: —
• 10Y*: —

CHIN.L

• 1D: -3.80%
• 1M: -7.27%
• 6M: -5.89%
• YTD: -2.57%
• 1Y: 14.39%
• 3Y*: 10.18%
• 5Y*: -2.63%
• 10Y*: —

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

JREC.L vs. CHIN.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%
CHIN.L ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF	-2.57%	32.60%	14.52%	-13.55%	-21.22%

Correlation

The correlation between JREC.L and CHIN.L is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022	0.86

The correlation between JREC.L and CHIN.L has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

Return for Risk

JREC.L vs. CHIN.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: 56
JREC.L Sharpe Ratio Rank: 50
JREC.L Sortino Ratio Rank: 50
JREC.L Omega Ratio Rank: 50
JREC.L Calmar Ratio Rank: 65
JREC.L Martin Ratio Rank: 67

CHIN.L

CHIN.L Risk / Return Rank: 27
CHIN.L Sharpe Ratio Rank: 25
CHIN.L Sortino Ratio Rank: 25
CHIN.L Omega Ratio Rank: 24
CHIN.L Calmar Ratio Rank: 32
CHIN.L Martin Ratio Rank: 31

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. CHIN.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 ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF (CHIN.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	CHIN.L	Difference
Sharpe ratio: Return per unit of total volatility	1.31	0.72	+0.60
Sortino ratio: Return per unit of downside risk	1.90	1.12	+0.78
Omega ratio: Gain probability vs. loss probability	1.24	1.14	+0.11
Calmar ratio: Return relative to maximum drawdown	2.41	1.26	+1.15
Martin ratio: Return relative to average drawdown	8.89	3.52	+5.37

JREC.L vs. CHIN.L - Sharpe Ratio Comparison

The current JREC.L Sharpe Ratio is 1.31, which is higher than the CHIN.L Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of JREC.L and CHIN.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JREC.L vs. CHIN.L - Drawdown Comparison

The maximum JREC.L drawdown since its inception was -37.92%, smaller than the maximum CHIN.L drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for JREC.L and CHIN.L.

Drawdown Indicators

	JREC.L	CHIN.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.92%	-55.88%	+17.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.46%	-11.38%	+0.92%
Max Drawdown (3Y) Largest decline over 3 years	-27.06%	-24.03%	-3.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-47.19%	—
Current Drawdown Current decline from peak	-10.46%	-26.64%	+16.18%
Average Drawdown Average peak-to-trough decline	-18.92%	-24.38%	+5.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	4.08%	-1.24%

Volatility

JREC.L vs. CHIN.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 ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF (CHIN.L) at 7.62%. This indicates that JREC.L's price experiences larger fluctuations and is considered to be riskier than CHIN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREC.L	CHIN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.60%	7.62%	+1.98%
Volatility (6M) Calculated over the trailing 6-month period	15.19%	14.89%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.20%	20.04%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.08%	24.59%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.08%	23.05%	+0.03%

JREC.L vs. CHIN.L - Expense Ratio Comparison

JREC.L has a 0.40% expense ratio, which is lower than CHIN.L's 0.55% expense ratio.

Dividends

JREC.L vs. CHIN.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CHIN.L ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF	0.00%	0.00%	0.00%	0.00%	1.33%	1.01%	1.19%	2.38%
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%

Frequently Asked Questions

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

With a correlation of 0.92, JREC.L and CHIN.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.

Which ETF is better, JREC.L or CHIN.L?

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.

Which ETF is cheaper, JREC.L or CHIN.L?

JREC.L is cheaper with a 0.40% expense ratio, compared with 0.55% for CHIN.L.

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

They also come from different issuers: JPMorgan and ICBC Credit Suisse Asset Management. Their fees differ too: 0.40% for JREC.L and 0.55% for CHIN.L.