JREI.L vs. VJPU.L
JREI.L (JPMorgan ETFs (Ireland) ICAV- Japan Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and VJPU.L (Vanguard FTSE Japan UCITS ETF USD Hedged Acc) are both Japan Equities funds. JREI.L is actively managed, while VJPU.L is passively managed. Over the past 3 years, JREI.L returned 18.23%/yr vs 29.40%/yr for VJPU.L. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
JREI.L vs. VJPU.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 lower than VJPU.L's 21.68% return.
JREI.L
- 1D
- 1.14%
- 1M
- 0.54%
- 6M
- 11.38%
- YTD
- 17.97%
- 1Y
- 36.72%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
VJPU.L
- 1D
- -1.00%
- 1M
- 1.01%
- 6M
- 14.24%
- YTD
- 21.68%
- 1Y
- 52.01%
- 3Y*
- 29.40%
- 5Y*
- 22.28%
- 10Y*
- —
JREI.L vs. VJPU.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% |
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged Acc | 21.68% | 31.51% | 23.81% | 35.67% | -1.42% |
Correlation
The correlation between JREI.L and VJPU.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.78 |
The correlation between JREI.L and VJPU.L shifts across timeframes, from 0.78 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JREI.L vs. VJPU.L — Risk / Return Rank
JREI.L
VJPU.L
JREI.L vs. VJPU.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 Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.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 | VJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.46 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 5.41 | -2.51 |
| Martin ratioReturn relative to average drawdown | 9.37 | 18.53 | -9.16 |
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Drawdowns
JREI.L vs. VJPU.L - Drawdown Comparison
The maximum JREI.L drawdown since its inception was -21.64%, smaller than the maximum VJPU.L drawdown of -27.53%. Use the drawdown chart below to compare losses from any high point for JREI.L and VJPU.L.
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Drawdown Indicators
| JREI.L | VJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -27.53% | +5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.26% | -9.57% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -21.44% | +6.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.44% | — |
Current DrawdownCurrent decline from peak | -2.92% | -2.71% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -5.13% | -4.11% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.80% | +0.99% |
Volatility
JREI.L vs. VJPU.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 Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) at 6.34%. This indicates that JREI.L's price experiences larger fluctuations and is considered to be riskier than VJPU.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 | VJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 6.34% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 17.95% | 15.82% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 19.88% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.56% | 18.51% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 19.59% | -1.03% |
Dividends
JREI.L vs. VJPU.L - Dividend Comparison
JREI.L's dividend yield for the trailing twelve months is around 1.46%, while VJPU.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% |
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JREI.L and VJPU.L have a correlation of 0.89, 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 Vanguard.
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