JREC.L vs. FLQA.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF) are both China Equities funds. JREC.L is actively managed, while FLQA.L is passively managed. Over the past 3 years, JREC.L returned 11.15%/yr vs 25.15%/yr for FLQA.L. At a 0.49 correlation, their price movements are largely independent.
Performance
JREC.L vs. FLQA.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREC.L achieves a 9.52% return, which is significantly lower than FLQA.L's 32.52% return.
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
FLQA.L
- 1D
- -1.74%
- 1M
- -9.13%
- 6M
- 26.58%
- YTD
- 32.52%
- 1Y
- 52.26%
- 3Y*
- 25.15%
- 5Y*
- 12.63%
- 10Y*
- —
JREC.L vs. FLQA.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% | -19.50% |
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF | 32.52% | 29.84% | 7.76% | 12.02% | -13.72% |
Correlation
The correlation between JREC.L and FLQA.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.49 |
The correlation between JREC.L and FLQA.L has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
JREC.L vs. FLQA.L — Risk / Return Rank
JREC.L
FLQA.L
JREC.L vs. FLQA.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 Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA.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 | FLQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 3.75 | +0.77 |
| Martin ratioReturn relative to average drawdown | 12.00 | 11.86 | +0.14 |
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Drawdowns
JREC.L vs. FLQA.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, which is greater than FLQA.L's maximum drawdown of -29.21%. Use the drawdown chart below to compare losses from any high point for JREC.L and FLQA.L.
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Drawdown Indicators
| JREC.L | FLQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -29.21% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -13.77% | +6.55% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -22.19% | -4.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.38% | — |
Current DrawdownCurrent decline from peak | -5.30% | -12.64% | +7.34% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -7.22% | -11.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 4.36% | -1.63% |
Volatility
JREC.L vs. FLQA.L - Volatility Comparison
The current volatility for JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) is 8.90%, while Franklin FTSE Asia ex China ex Japan UCITS ETF (FLQA.L) has a volatility of 11.18%. This indicates that JREC.L experiences smaller price fluctuations and is considered to be less risky than FLQA.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 | FLQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 11.18% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 22.99% | -8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 25.11% | -6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 17.74% | +5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 18.52% | +4.50% |
Dividends
JREC.L vs. FLQA.L - Dividend Comparison
Neither JREC.L nor FLQA.L has paid dividends to shareholders.
Frequently Asked Questions
JREC.L and FLQA.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: ETF Issuer and Franklin.
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