JREI.L vs. JREG.L

Last updated Jul 16, 2026

JREI.L (JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JREI.L is a Japan Equities fund actively managed by JPMorgan, while JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD. JREI.L is actively managed, while JREG.L is passively managed. Over the past 3 years, JREI.L returned 18.23%/yr vs 18.51%/yr for JREG.L. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

JREI.L vs. JREG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JREI.L) and JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JREI.L achieves a 17.97% return, which is significantly higher than JREG.L's 10.25% return.

JREI.L

• 1D: 1.14%
• 1M: 0.54%
• 6M: 11.38%
• YTD: 17.97%
• 1Y: 36.72%
• 3Y*: 18.23%
• 5Y*: —
• 10Y*: —

JREG.L

• 1D: 0.21%
• 1M: 0.65%
• 6M: 9.38%
• YTD: 10.25%
• 1Y: 21.72%
• 3Y*: 18.51%
• 5Y*: 11.92%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
JREI.L JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)	17.97%	24.16%	7.95%	20.04%	-10.89%
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	10.25%	19.75%	18.69%	25.69%	-12.78%

Correlation

The correlation between JREI.L and JREG.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022	0.68

The correlation between JREI.L and JREG.L has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

Return for Risk

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

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

JREI.L

JREI.L Risk / Return Rank: 65
JREI.L Sharpe Ratio Rank: 61
JREI.L Sortino Ratio Rank: 64
JREI.L Omega Ratio Rank: 62
JREI.L Calmar Ratio Rank: 71
JREI.L Martin Ratio Rank: 65

JREG.L

JREG.L Risk / Return Rank: 69
JREG.L Sharpe Ratio Rank: 68
JREG.L Sortino Ratio Rank: 75
JREG.L Omega Ratio Rank: 67
JREG.L Calmar Ratio Rank: 63
JREG.L Martin Ratio Rank: 72

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.

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

This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JREI.L) and JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.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	JREG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.65	1.78	-0.13
Sortino ratio: Return per unit of downside risk	2.37	2.70	-0.33
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio: Return relative to maximum drawdown	2.89	2.56	+0.33
Martin ratio: Return relative to average drawdown	9.37	10.61	-1.24

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

The current JREI.L Sharpe Ratio is 1.65, which is comparable to the JREG.L Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of JREI.L and JREG.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.

Drawdowns

JREI.L vs. JREG.L - Drawdown Comparison

The maximum JREI.L drawdown since its inception was -21.64%, smaller than the maximum JREG.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for JREI.L and JREG.L.

Drawdown Indicators

	JREI.L	JREG.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.64%	-33.82%	+12.18%
Max Drawdown (1Y) Largest decline over 1 year	-12.26%	-8.43%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-14.85%	-16.74%	+1.89%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.33%	—
Current Drawdown Current decline from peak	-2.92%	0.00%	-2.92%
Average Drawdown Average peak-to-trough decline	-5.13%	-4.76%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	2.04%	+1.75%

Volatility

JREI.L vs. JREG.L - Volatility Comparison

JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JREI.L) has a higher volatility of 7.02% compared to JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) at 2.59%. This indicates that JREI.L's price experiences larger fluctuations and is considered to be riskier than JREG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JREI.L	JREG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	2.59%	+4.43%
Volatility (6M) Calculated over the trailing 6-month period	17.95%	9.67%	+8.28%
Volatility (1Y) Calculated over the trailing 1-year period	21.52%	12.13%	+9.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.56%	15.54%	+3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	16.95%	+1.61%

Dividends

JREI.L vs. JREG.L - Dividend Comparison

JREI.L's dividend yield for the trailing twelve months is around 1.46%, while JREG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	0.00%	0.00%	0.00%	0.00%	0.00%
JREI.L JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)	1.46%	1.76%	1.58%	1.66%	2.01%

Frequently Asked Questions

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

JREI.L and JREG.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

JREI.L is categorized as Japan Equities, while JREG.L is Global Equities.