JREC.L vs. FRCH.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and FRCH.L (Franklin FTSE China UCITS ETF) are both China Equities funds. JREC.L is actively managed, while FRCH.L is passively managed. Over the past 3 years, JREC.L returned 11.15%/yr vs 8.69%/yr for FRCH.L. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
JREC.L vs. FRCH.L - Performance Comparison
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Different Trading Currencies
JREC.L is traded in USD, while FRCH.L is traded in GBP. To make them comparable, the FRCH.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JREC.L achieves a 9.52% return, which is significantly higher than FRCH.L's -8.26% return.
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
FRCH.L
- 1D
- 2.16%
- 1M
- -1.07%
- 6M
- -12.67%
- YTD
- -8.26%
- 1Y
- 0.20%
- 3Y*
- 8.69%
- 5Y*
- -4.26%
- 10Y*
- —
JREC.L vs. FRCH.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% |
FRCH.L Franklin FTSE China UCITS ETF | -8.26% | 32.48% | 19.14% | -13.12% | -21.06% |
Correlation
The correlation between JREC.L and FRCH.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.69 |
The correlation between JREC.L and FRCH.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
JREC.L vs. FRCH.L — Risk / Return Rank
JREC.L
FRCH.L
JREC.L vs. FRCH.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 (FRCH.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 | FRCH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| 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 | 0.01 | +4.52 |
| Martin ratioReturn relative to average drawdown | 12.00 | 0.02 | +11.98 |
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Drawdowns
JREC.L vs. FRCH.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, smaller than the maximum FRCH.L drawdown of -61.85%. Use the drawdown chart below to compare losses from any high point for JREC.L and FRCH.L.
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Drawdown Indicators
| JREC.L | FRCH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -61.85% | +23.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -21.68% | +14.46% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -31.78% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.75% | — |
Current DrawdownCurrent decline from peak | -5.30% | -35.06% | +29.76% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -32.83% | +13.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 9.89% | -7.16% |
Volatility
JREC.L vs. FRCH.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 (FRCH.L) at 6.08%. This indicates that JREC.L's price experiences larger fluctuations and is considered to be riskier than FRCH.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 | FRCH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 6.08% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 13.95% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 18.93% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 31.32% | -8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 30.17% | -7.15% |
Dividends
JREC.L vs. FRCH.L - Dividend Comparison
Neither JREC.L nor FRCH.L has paid dividends to shareholders.
Frequently Asked Questions
JREC.L and FRCH.L have a correlation of 0.65, 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.
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