JREC.L vs. JRCE.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and JRCE.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both China Equities funds. JREC.L is actively managed, while JRCE.L is passively managed. Over the past 3 years, JREC.L returned 11.15%/yr vs 11.46%/yr for JRCE.L. Their correlation of 0.91 suggests significant overlap in exposure.
Performance
JREC.L vs. JRCE.L - Performance Comparison
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Different Trading Currencies
JREC.L is traded in USD, while JRCE.L is traded in GBp. To make them comparable, the JRCE.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 lower than JRCE.L's 10,919.15% return.
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
JRCE.L
- 1D
- 0.00%
- 1M
- -1.05%
- 6M
- 7.30%
- YTD
- 10,919.15%
- 1Y
- 33.87%
- 3Y*
- 11.46%
- 5Y*
- —
- 10Y*
- —
JREC.L vs. JRCE.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% | -20.57% |
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 10,919.15% | -98.71% | 9.53% | -13.40% | -19.45% |
Correlation
The correlation between JREC.L and JRCE.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.91 |
The correlation between JREC.L and JRCE.L has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
JREC.L vs. JRCE.L — Risk / Return Rank
JREC.L
JRCE.L
JREC.L vs. JRCE.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 JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.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 | JRCE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | -261.48 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 88.92 | -87.61 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 0.35 | +4.18 |
| Martin ratioReturn relative to average drawdown | 12.00 | 0.79 | +11.22 |
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Drawdowns
JREC.L vs. JRCE.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, smaller than the maximum JRCE.L drawdown of -99.18%. Use the drawdown chart below to compare losses from any high point for JREC.L and JRCE.L.
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Drawdown Indicators
| JREC.L | JRCE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -99.18% | +61.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -99.05% | +91.83% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -99.13% | +72.07% |
Current DrawdownCurrent decline from peak | -5.30% | -4.59% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -23.13% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 43.28% | -40.55% |
Volatility
JREC.L vs. JRCE.L - Volatility Comparison
JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) have volatilities of 8.90% and 8.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREC.L | JRCE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 8.89% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 654.42% | -639.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 26,048.73% | -26,029.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 12,524.11% | -12,501.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 12,524.11% | -12,501.09% |
Dividends
JREC.L vs. JRCE.L - Dividend Comparison
Neither JREC.L nor JRCE.L has paid dividends to shareholders.
Frequently Asked Questions
JREC.L and JRCE.L have a correlation of 0.88, 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 JPMorgan.
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