JREJ.L vs. DXJA.L
JREJ.L (JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc)) and DXJA.L (WisdomTree Japan Equity UCITS ETF USD Hedged Acc) are both Japan Equities funds. JREJ.L is actively managed, while DXJA.L is passively managed. Over the past 3 years, JREJ.L returned 17.38%/yr vs 33.11%/yr for DXJA.L. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
JREJ.L vs. DXJA.L - Performance Comparison
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Returns By Period
In the year-to-date period, JREJ.L achieves a 15.17% return, which is significantly lower than DXJA.L's 23.53% return.
JREJ.L
- 1D
- -1.74%
- 1M
- -1.92%
- 6M
- 8.74%
- YTD
- 15.17%
- 1Y
- 33.48%
- 3Y*
- 17.38%
- 5Y*
- —
- 10Y*
- —
DXJA.L
- 1D
- -0.74%
- 1M
- 2.08%
- 6M
- 15.31%
- YTD
- 23.53%
- 1Y
- 55.91%
- 3Y*
- 33.11%
- 5Y*
- 27.43%
- 10Y*
- —
JREJ.L vs. DXJA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JREJ.L JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc) | 15.17% | 24.21% | 7.80% | 20.39% | -10.13% |
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc | 23.53% | 33.46% | 28.94% | 41.24% | 2.09% |
Correlation
The correlation between JREJ.L and DXJA.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022 | 0.75 |
The correlation between JREJ.L and DXJA.L has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.
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Return for Risk
JREJ.L vs. DXJA.L — Risk / Return Rank
JREJ.L
DXJA.L
JREJ.L vs. DXJA.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 (acc) (JREJ.L) and WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.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.
| JREJ.L | DXJA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.49 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 5.51 | -2.75 |
| Martin ratioReturn relative to average drawdown | 8.78 | 18.98 | -10.21 |
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Drawdowns
JREJ.L vs. DXJA.L - Drawdown Comparison
The maximum JREJ.L drawdown since its inception was -20.61%, smaller than the maximum DXJA.L drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for JREJ.L and DXJA.L.
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Drawdown Indicators
| JREJ.L | DXJA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -37.51% | +16.90% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -10.10% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -23.01% | +8.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.01% | — |
Current DrawdownCurrent decline from peak | -5.23% | -1.57% | -3.66% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -6.66% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.94% | +0.87% |
Volatility
JREJ.L vs. DXJA.L - Volatility Comparison
JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc) (JREJ.L) has a higher volatility of 6.97% compared to WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) at 5.86%. This indicates that JREJ.L's price experiences larger fluctuations and is considered to be riskier than DXJA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JREJ.L | DXJA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 5.86% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.87% | 16.15% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.56% | 20.12% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 19.40% | -0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.54% | 19.24% | -0.70% |
Dividends
JREJ.L vs. DXJA.L - Dividend Comparison
Neither JREJ.L nor DXJA.L has paid dividends to shareholders.
Frequently Asked Questions
JREJ.L and DXJA.L have a correlation of 0.85, 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 WisdomTree.
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