JREI.L vs. IJPE.L
JREI.L (JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist)) and IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) are both Japan Equities funds. JREI.L is actively managed, while IJPE.L is passively managed. Over the past 3 years, JREI.L returned 15.87%/yr vs 25.49%/yr for IJPE.L. Their correlation of 0.81 suggests significant overlap in exposure. JREI.L charges 0.25%/yr vs 0.64%/yr for IJPE.L.
Performance
JREI.L vs. IJPE.L - Performance Comparison
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Different Trading Currencies
JREI.L is traded in USD, while IJPE.L is traded in EUR. To make them comparable, the IJPE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JREI.L achieves a 12.43% return, which is significantly lower than IJPE.L's 13.81% return.
JREI.L
- 1D
- -2.47%
- 1M
- -5.81%
- 6M
- 5.94%
- YTD
- 12.43%
- 1Y
- 29.18%
- 3Y*
- 15.87%
- 5Y*
- —
- 10Y*
- —
IJPE.L
- 1D
- -2.41%
- 1M
- -4.81%
- 6M
- 7.70%
- YTD
- 13.81%
- 1Y
- 41.31%
- 3Y*
- 25.49%
- 5Y*
- 18.17%
- 10Y*
- 14.15%
JREI.L vs. IJPE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JREI.L JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist) | 12.43% | 24.16% | 7.95% | 20.04% | -10.89% |
IJPE.L iShares MSCI Japan EUR Hedged UCITS ETF Accumulating | 13.81% | 44.44% | 14.53% | 37.02% | -6.68% |
Correlation
The correlation between JREI.L and IJPE.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.81 |
The correlation between JREI.L and IJPE.L shifts across timeframes, from 0.81 (all time) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JREI.L vs. IJPE.L — Risk / Return Rank
JREI.L
IJPE.L
JREI.L vs. IJPE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist) (JREI.L) and iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.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.
| JREI.L | IJPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 3.44 | -1.07 |
| Martin ratioReturn relative to average drawdown | 7.57 | 11.26 | -3.69 |
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Drawdowns
JREI.L vs. IJPE.L - Drawdown Comparison
The maximum JREI.L drawdown since its inception was -21.64%, smaller than the maximum IJPE.L drawdown of -40.48%. Use the drawdown chart below to compare losses from any high point for JREI.L and IJPE.L.
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Drawdown Indicators
| JREI.L | IJPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -40.48% | +18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -11.96% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -20.61% | +5.76% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.48% | — |
Current DrawdownCurrent decline from peak | -7.48% | -6.49% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -11.56% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 3.66% | +0.18% |
Volatility
JREI.L vs. IJPE.L - Volatility Comparison
JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist) (JREI.L) and iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) have volatilities of 7.31% and 7.63%, 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
| JREI.L | IJPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 7.63% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 18.19% | 17.88% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.73% | 22.21% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 20.97% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.59% | 19.99% | -1.40% |
JREI.L vs. IJPE.L - Expense Ratio Comparison
JREI.L has a 0.25% expense ratio, which is lower than IJPE.L's 0.64% expense ratio.
Dividends
JREI.L vs. IJPE.L - Dividend Comparison
JREI.L's dividend yield for the trailing twelve months is around 1.53%, while IJPE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IJPE.L iShares MSCI Japan EUR Hedged UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JREI.L JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Dist) | 1.53% | 1.76% | 1.58% | 1.66% | 2.01% |
Frequently Asked Questions
With a correlation of 0.92, JREI.L and IJPE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, JREI.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREI.L is cheaper with a 0.25% expense ratio, compared with 0.64% for IJPE.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JREI.L and 0.64% for IJPE.L.
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