JREC.L vs. JPCT.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and JPCT.L (JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc)) are both exchange-traded funds - JREC.L is a China Equities fund actively managed by ETF Issuer, while JPCT.L is a Global Equities fund tracking the JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc). JREC.L is actively managed, while JPCT.L is passively managed. Over the past 3 years, JREC.L returned 11.15%/yr vs 16.69%/yr for JPCT.L. At a 0.31 correlation, their price movements are largely independent.
Performance
JREC.L vs. JPCT.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 higher than JPCT.L's 7.02% return.
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
JPCT.L
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 6.06%
- YTD
- 7.02%
- 1Y
- 17.84%
- 3Y*
- 16.69%
- 5Y*
- 10.27%
- 10Y*
- —
JREC.L vs. JPCT.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% |
JPCT.L JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc) | 7.02% | 19.79% | 17.53% | 23.63% | -12.65% |
Correlation
The correlation between JREC.L and JPCT.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.31 |
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Return for Risk
JREC.L vs. JPCT.L — Risk / Return Rank
JREC.L
JPCT.L
JREC.L vs. JPCT.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 JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc) (JPCT.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 | JPCT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.24 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 1.71 | +2.81 |
| Martin ratioReturn relative to average drawdown | 12.00 | 7.26 | +4.75 |
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Drawdowns
JREC.L vs. JPCT.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, which is greater than JPCT.L's maximum drawdown of -26.59%. Use the drawdown chart below to compare losses from any high point for JREC.L and JPCT.L.
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Drawdown Indicators
| JREC.L | JPCT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -26.59% | -11.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -10.25% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -17.82% | -9.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.59% | — |
Current DrawdownCurrent decline from peak | -5.30% | -0.02% | -5.28% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -5.34% | -13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.43% | +0.30% |
Volatility
JREC.L vs. JPCT.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 JPM Carbon Transition Global Equity (CTB) UCITS ETF - USD (acc) (JPCT.L) at 3.11%. This indicates that JREC.L's price experiences larger fluctuations and is considered to be riskier than JPCT.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 | JPCT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 3.11% | +5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 10.69% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 13.10% | +5.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 15.71% | +7.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 15.34% | +7.68% |
Dividends
JREC.L vs. JPCT.L - Dividend Comparison
Neither JREC.L nor JPCT.L has paid dividends to shareholders.
Frequently Asked Questions
JREC.L and JPCT.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JREC.L is categorized as China Equities, while JPCT.L is Global Equities.
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