JREG.L vs. JRCE.L

Last updated Jun 5, 2026

JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and JRCE.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both exchange-traded funds - JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while JRCE.L is a China Equities fund tracking the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 3 years, JREG.L returned 20.19%/yr vs 12.10%/yr for JRCE.L. At a 0.28 correlation, their price movements are largely independent. JREG.L charges 0.25%/yr vs 0.40%/yr for JRCE.L.

Performance

JREG.L vs. JRCE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JREG.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, JREG.L achieves a 9.43% return, which is significantly lower than JRCE.L's 10.47% return.

JREG.L

• 1D: 0.14%
• 1M: 3.59%
• YTD: 9.43%
• 6M: 10.68%
• 1Y: 25.25%
• 3Y*: 20.19%
• 5Y*: 12.10%
• 10Y*: —

JRCE.L

• 1D: -0.43%
• 1M: 1.79%
• YTD: 10.47%
• 6M: 14.92%
• 1Y: 40.14%
• 3Y*: 12.10%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JREG.L vs. JRCE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	9.43%	19.75%	18.68%	25.69%	-9.92%
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	10.47%	28.79%	9.53%	-13.40%	-19.45%

Correlation

The correlation between JREG.L and JRCE.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022	0.28

Return for Risk

JREG.L vs. JRCE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JREG.L

JREG.L Risk / Return Rank: 66
JREG.L Sharpe Ratio Rank: 65
JREG.L Sortino Ratio Rank: 71
JREG.L Omega Ratio Rank: 65
JREG.L Calmar Ratio Rank: 61
JREG.L Martin Ratio Rank: 70

JRCE.L

JRCE.L Risk / Return Rank: 86
JRCE.L Sharpe Ratio Rank: 85
JRCE.L Sortino Ratio Rank: 83
JRCE.L Omega Ratio Rank: 83
JRCE.L Calmar Ratio Rank: 93
JRCE.L Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JREG.L vs. JRCE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.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.

	JREG.L	JRCE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.52	-0.40
Sortino ratio: Return per unit of downside risk	3.17	3.47	-0.30
Omega ratio: Gain probability vs. loss probability	1.38	1.44	-0.06
Calmar ratio: Return relative to maximum drawdown	2.98	5.45	-2.47
Martin ratio: Return relative to average drawdown	12.75	17.48	-4.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JREG.L vs. JRCE.L - Sharpe Ratio Comparison

The current JREG.L Sharpe Ratio is 2.12, which is comparable to the JRCE.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of JREG.L and JRCE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JREG.L	JRCE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.52	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.09	+0.74

Drawdowns

JREG.L vs. JRCE.L - Drawdown Comparison

The maximum JREG.L drawdown since its inception was -33.82%, smaller than the maximum JRCE.L drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for JREG.L and JRCE.L.

Drawdown Indicators

	JREG.L	JRCE.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.82%	-38.00%	+4.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.43%	-7.33%	-1.10%
Max Drawdown (3Y) Largest decline over 3 years	-16.74%	-27.51%	+10.77%
Max Drawdown (5Y) Largest decline over 5 years	-25.33%	—	—
Current Drawdown Current decline from peak	-0.54%	-2.91%	+2.37%
Average Drawdown Average peak-to-trough decline	-4.83%	-19.58%	+14.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.29%	-0.31%

Volatility

JREG.L vs. JRCE.L - Volatility Comparison

The current volatility for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) is 3.20%, while JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) has a volatility of 6.28%. This indicates that JREG.L experiences smaller price fluctuations and is considered to be less risky than JRCE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREG.L	JRCE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	6.28%	-3.08%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	10.93%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	15.88%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	23.03%	-7.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	23.03%	-5.98%

JREG.L vs. JRCE.L - Expense Ratio Comparison

JREG.L has a 0.25% expense ratio, which is lower than JRCE.L's 0.40% expense ratio.

Dividends

JREG.L vs. JRCE.L - Dividend Comparison

Neither JREG.L nor JRCE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JREG.L and JRCE.L in my portfolio?

JREG.L and JRCE.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JREG.L or JRCE.L?

On fees, JREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JREG.L or JRCE.L?

JREG.L is cheaper with a 0.25% expense ratio, compared with 0.40% for JRCE.L.

What is the main difference between JREG.L and JRCE.L?

JREG.L is categorized as Global Equities, while JRCE.L is China Equities. JREG.L tracks MSCI ACWI NR USD, while JRCE.L tracks MSCI China A Onshore NR CNY. Their fees differ too: 0.25% for JREG.L and 0.40% for JRCE.L.