JREI.L vs. LDAP.L
JREI.L (JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis) are both Japan Equities funds. JREI.L is actively managed, while LDAP.L is passively managed. Over the past 3 years, JREI.L returned 18.23%/yr vs 20.08%/yr for LDAP.L. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
JREI.L vs. LDAP.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with JREI.L having a 17.97% return and LDAP.L slightly lower at 17.12%.
JREI.L
- 1D
- 1.14%
- 1M
- 0.54%
- 6M
- 11.38%
- YTD
- 17.97%
- 1Y
- 36.72%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
LDAP.L
- 1D
- 1.71%
- 1M
- -1.56%
- 6M
- 15.58%
- YTD
- 17.12%
- 1Y
- 24.38%
- 3Y*
- 20.08%
- 5Y*
- 9.64%
- 10Y*
- —
JREI.L vs. LDAP.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% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 17.12% | 35.59% | 3.81% | 9.13% | -9.92% |
Correlation
The correlation between JREI.L and LDAP.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.60 |
The correlation between JREI.L and LDAP.L has been stable across timeframes, ranging from 0.56 to 0.60 - 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
JREI.L vs. LDAP.L — Risk / Return Rank
JREI.L
LDAP.L
JREI.L vs. LDAP.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 L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.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 | LDAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.31 | +0.58 |
| Martin ratioReturn relative to average drawdown | 9.37 | 6.22 | +3.15 |
Loading charts...
Drawdowns
JREI.L vs. LDAP.L - Drawdown Comparison
The maximum JREI.L drawdown since its inception was -21.64%, smaller than the maximum LDAP.L drawdown of -99.33%. Use the drawdown chart below to compare losses from any high point for JREI.L and LDAP.L.
Loading charts...
Drawdown Indicators
| JREI.L | LDAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -99.33% | +77.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -10.85% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -24.47% | +9.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.61% | — |
Current DrawdownCurrent decline from peak | -2.92% | -98.38% | +95.46% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -98.71% | +93.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 4.04% | -0.25% |
Volatility
JREI.L vs. LDAP.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 L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.L) at 4.91%. This indicates that JREI.L's price experiences larger fluctuations and is considered to be riskier than LDAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JREI.L | LDAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 4.91% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.95% | 13.37% | +4.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 15.84% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 28.07% | -9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 51.15% | -32.59% |
Dividends
JREI.L vs. LDAP.L - Dividend Comparison
JREI.L's dividend yield for the trailing twelve months is around 1.46%, less than LDAP.L's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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% | 0.00% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 3.83% | 4.23% | 4.86% | 5.25% | 4.92% | 2.23% |
Frequently Asked Questions
JREI.L and LDAP.L have a correlation of 0.60, 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: JPMorgan and L&G.
Find the right allocation for JREI.L and LDAP.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