JREC.L vs. JREA.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc)) are both exchange-traded funds - JREC.L is a China Equities fund actively managed by ETF Issuer, while JREA.L is a Japan Equities fund actively managed by ETF Issuer. Both are actively managed. Over the past 3 years, JREC.L returned 11.15%/yr vs 19.71%/yr for JREA.L. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
JREC.L vs. JREA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JREC.L achieves a 9.52% return, which is significantly lower than JREA.L's 23.48% return.
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
JREA.L
- 1D
- -0.40%
- 1M
- -5.46%
- 6M
- 18.37%
- YTD
- 23.48%
- 1Y
- 39.13%
- 3Y*
- 19.71%
- 5Y*
- —
- 10Y*
- —
JREC.L vs. JREA.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% | -10.72% |
JREA.L JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 23.48% | 29.63% | 8.81% | 4.45% | -11.27% |
Correlation
The correlation between JREC.L and JREA.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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.62 |
The correlation between JREC.L and JREA.L has been stable across timeframes, ranging from 0.62 to 0.65 - 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. JREA.L — Risk / Return Rank
JREC.L
JREA.L
JREC.L vs. JREA.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 AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREA.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 | JREA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 3.31 | +1.22 |
| Martin ratioReturn relative to average drawdown | 12.00 | 10.37 | +1.63 |
Loading charts...
Drawdowns
JREC.L vs. JREA.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, which is greater than JREA.L's maximum drawdown of -28.16%. Use the drawdown chart below to compare losses from any high point for JREC.L and JREA.L.
Loading charts...
Drawdown Indicators
| JREC.L | JREA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -28.16% | -9.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -11.77% | +4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -18.58% | -8.48% |
Current DrawdownCurrent decline from peak | -5.30% | -7.65% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -8.39% | -10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.76% | -1.03% |
Volatility
JREC.L vs. JREA.L - Volatility Comparison
JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) and JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREA.L) have volatilities of 8.90% and 9.04%, 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.
Loading charts...
Volatility by Period
| JREC.L | JREA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 9.04% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 19.03% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 21.16% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 19.58% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 19.58% | +3.44% |
Dividends
JREC.L vs. JREA.L - Dividend Comparison
Neither JREC.L nor JREA.L has paid dividends to shareholders.
Frequently Asked Questions
JREC.L and JREA.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.
JREC.L is categorized as China Equities, while JREA.L is Japan Equities.
Find the right allocation for JREC.L and JREA.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