JREC.L vs. LCCN.L
JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) and LCCN.L (Lyxor MSCI China UCITS ETF - Acc) are both China Equities funds. JREC.L is actively managed, while LCCN.L is passively managed. Over the past 3 years, JREC.L returned 11.15%/yr vs 8.66%/yr for LCCN.L. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
JREC.L vs. LCCN.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 LCCN.L's -8.72% return.
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
LCCN.L
- 1D
- 2.05%
- 1M
- -0.85%
- 6M
- -13.44%
- YTD
- -8.72%
- 1Y
- -0.57%
- 3Y*
- 8.66%
- 5Y*
- -4.23%
- 10Y*
- —
JREC.L vs. LCCN.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% |
LCCN.L Lyxor MSCI China UCITS ETF - Acc | -8.72% | 31.99% | 19.37% | -11.59% | -20.82% |
Correlation
The correlation between JREC.L and LCCN.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.71 |
The correlation between JREC.L and LCCN.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
JREC.L vs. LCCN.L — Risk / Return Rank
JREC.L
LCCN.L
JREC.L vs. LCCN.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 Lyxor MSCI China UCITS ETF - Acc (LCCN.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 | LCCN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.01 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | -0.03 | +4.55 |
| Martin ratioReturn relative to average drawdown | 12.00 | -0.05 | +12.06 |
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Drawdowns
JREC.L vs. LCCN.L - Drawdown Comparison
The maximum JREC.L drawdown since its inception was -37.92%, smaller than the maximum LCCN.L drawdown of -62.38%. Use the drawdown chart below to compare losses from any high point for JREC.L and LCCN.L.
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Drawdown Indicators
| JREC.L | LCCN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.92% | -62.38% | +24.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -22.74% | +15.52% |
Max Drawdown (3Y)Largest decline over 3 years | -27.06% | -25.53% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.18% | — |
Current DrawdownCurrent decline from peak | -5.30% | -35.27% | +29.97% |
Average DrawdownAverage peak-to-trough decline | -18.94% | -29.90% | +10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 10.49% | -7.76% |
Volatility
JREC.L vs. LCCN.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 Lyxor MSCI China UCITS ETF - Acc (LCCN.L) at 5.49%. This indicates that JREC.L's price experiences larger fluctuations and is considered to be riskier than LCCN.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 | LCCN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.90% | 5.49% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 15.17% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 20.46% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 29.35% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 27.61% | -4.59% |
Dividends
JREC.L vs. LCCN.L - Dividend Comparison
Neither JREC.L nor LCCN.L has paid dividends to shareholders.
Frequently Asked Questions
JREC.L and LCCN.L have a correlation of 0.69, 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 Amundi.
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