JREC.L vs. FLXC.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and FLXC.L (Franklin FTSE China UCITS ETF) are both China Equities funds. JREC.L is actively managed, while FLXC.L is passively managed. Over the past 3 years, JREC.L returned 11.15%/yr vs 8.62%/yr for FLXC.L. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
JREC.L vs. FLXC.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JREC.L achieves a 9.52% return, which is significantly higher than FLXC.L's -8.35% return.
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
FLXC.L
- 1D
- 1.78%
- 1M
- -1.33%
- 6M
- -12.83%
- YTD
- -8.35%
- 1Y
- 0.10%
- 3Y*
- 8.62%
- 5Y*
- -4.32%
- 10Y*
- —
JREC.L vs. FLXC.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% |
FLXC.L Franklin FTSE China UCITS ETF | -8.35% | 32.15% | 19.39% | -12.76% | -21.29% |
Correlation
The correlation between JREC.L and FLXC.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.72 |
The correlation between JREC.L and FLXC.L has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JREC.L vs. FLXC.L — Risk / Return Rank
JREC.L
FLXC.L
JREC.L vs. FLXC.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 China UCITS ETF (FLXC.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 | FLXC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.02 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 0.00 | +4.52 |
| Martin ratioReturn relative to average drawdown | 12.00 | 0.01 | +11.99 |
Loading charts...
Drawdowns
JREC.L vs. FLXC.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, smaller than the maximum FLXC.L drawdown of -61.74%. Use the drawdown chart below to compare losses from any high point for JREC.L and FLXC.L.
Loading charts...
Drawdown Indicators
| JREC.L | FLXC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -61.74% | +23.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -21.43% | +14.21% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -25.43% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.70% | — |
Current DrawdownCurrent decline from peak | -5.30% | -35.12% | +29.82% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -31.72% | +12.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 9.74% | -7.01% |
Volatility
JREC.L vs. FLXC.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 Franklin FTSE China UCITS ETF (FLXC.L) at 5.29%. This indicates that JREC.L's price experiences larger fluctuations and is considered to be riskier than FLXC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JREC.L | FLXC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 5.29% | +3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 13.77% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 19.09% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 28.40% | -5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 27.19% | -4.17% |
Dividends
JREC.L vs. FLXC.L - Dividend Comparison
Neither JREC.L nor FLXC.L has paid dividends to shareholders.
Frequently Asked Questions
JREC.L and FLXC.L have a correlation of 0.68, 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 Templeton.
Find the right allocation for JREC.L and FLXC.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer