JREI.L vs. LGJP.L
JREI.L (JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and LGJP.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds. JREI.L is actively managed, while LGJP.L is passively managed. Over the past 3 years, JREI.L returned 18.23%/yr vs 17.92%/yr for LGJP.L. With a 0.96 correlation, they move nearly in lockstep.
Performance
JREI.L vs. LGJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREI.L achieves a 17.97% return, which is significantly higher than LGJP.L's 15.08% return.
JREI.L
- 1D
- 1.14%
- 1M
- 0.54%
- 6M
- 11.38%
- YTD
- 17.97%
- 1Y
- 36.72%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
LGJP.L
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 9.30%
- YTD
- 15.08%
- 1Y
- 33.92%
- 3Y*
- 17.92%
- 5Y*
- 9.51%
- 10Y*
- —
JREI.L vs. LGJP.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% |
LGJP.L L&G Japan Equity UCITS ETF | 15.08% | 25.67% | 8.35% | 20.25% | -10.18% |
Correlation
The correlation between JREI.L and LGJP.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.96 |
The correlation between JREI.L and LGJP.L has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
JREI.L vs. LGJP.L — Risk / Return Rank
JREI.L
LGJP.L
JREI.L vs. LGJP.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 Japan Equity UCITS ETF (LGJP.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 | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.53 | +0.37 |
| Martin ratioReturn relative to average drawdown | 9.37 | 8.18 | +1.19 |
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Drawdowns
JREI.L vs. LGJP.L - Drawdown Comparison
The maximum JREI.L drawdown since its inception was -21.64%, smaller than the maximum LGJP.L drawdown of -32.19%. Use the drawdown chart below to compare losses from any high point for JREI.L and LGJP.L.
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Drawdown Indicators
| JREI.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -32.19% | +10.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -13.20% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -14.30% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.19% | — |
Current DrawdownCurrent decline from peak | -2.92% | -3.27% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -7.57% | +2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 4.08% | -0.29% |
Volatility
JREI.L vs. LGJP.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 Japan Equity UCITS ETF (LGJP.L) at 6.42%. This indicates that JREI.L's price experiences larger fluctuations and is considered to be riskier than LGJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREI.L | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 6.42% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 17.95% | 17.61% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 21.09% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 18.15% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 18.30% | +0.26% |
Dividends
JREI.L vs. LGJP.L - Dividend Comparison
JREI.L's dividend yield for the trailing twelve months is around 1.46%, while LGJP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
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% |
LGJP.L L&G Japan Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, JREI.L and LGJP.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.
They also come from different issuers: JPMorgan and L&G.
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