JREJ.L vs. IJPE.L
JREJ.L (JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc)) and IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) are both Japan Equities funds. JREJ.L is actively managed, while IJPE.L is passively managed. Over the past 3 years, JREJ.L returned 15.82%/yr vs 25.49%/yr for IJPE.L. Their correlation of 0.83 suggests significant overlap in exposure. JREJ.L charges 0.25%/yr vs 0.64%/yr for IJPE.L.
Performance
JREJ.L vs. IJPE.L - Performance Comparison
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Different Trading Currencies
JREJ.L is traded in USD, while IJPE.L is traded in EUR. To make them comparable, the IJPE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JREJ.L achieves a 12.38% return, which is significantly lower than IJPE.L's 13.81% return.
JREJ.L
- 1D
- -2.49%
- 1M
- -5.86%
- 6M
- 5.94%
- YTD
- 12.38%
- 1Y
- 29.08%
- 3Y*
- 15.82%
- 5Y*
- —
- 10Y*
- —
IJPE.L
- 1D
- -2.41%
- 1M
- -4.81%
- 6M
- 7.70%
- YTD
- 13.81%
- 1Y
- 41.31%
- 3Y*
- 25.49%
- 5Y*
- 18.17%
- 10Y*
- 14.15%
JREJ.L vs. IJPE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JREJ.L JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) | 12.38% | 24.21% | 7.80% | 20.39% | -10.13% |
IJPE.L iShares MSCI Japan EUR Hedged UCITS ETF Accumulating | 13.81% | 44.44% | 14.53% | 37.02% | -6.72% |
Correlation
The correlation between JREJ.L and IJPE.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022 | 0.83 |
The correlation between JREJ.L and IJPE.L has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
JREJ.L vs. IJPE.L — Risk / Return Rank
JREJ.L
IJPE.L
JREJ.L vs. IJPE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREJ.L) and iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.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 | IJPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 3.44 | -1.04 |
| Martin ratioReturn relative to average drawdown | 7.56 | 11.26 | -3.70 |
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Drawdowns
JREJ.L vs. IJPE.L - Drawdown Comparison
The maximum JREJ.L drawdown since its inception was -20.61%, smaller than the maximum IJPE.L drawdown of -40.48%. Use the drawdown chart below to compare losses from any high point for JREJ.L and IJPE.L.
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Drawdown Indicators
| JREJ.L | IJPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -40.48% | +19.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -11.96% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -20.61% | +5.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.48% | — |
Current DrawdownCurrent decline from peak | -7.53% | -6.49% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -11.56% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 3.66% | +0.18% |
Volatility
JREJ.L vs. IJPE.L - Volatility Comparison
The current volatility for JPM Japan Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREJ.L) is 7.17%, while iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) has a volatility of 7.63%. This indicates that JREJ.L experiences smaller price fluctuations and is considered to be less risky than IJPE.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 | IJPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 7.63% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 18.04% | 17.88% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 22.21% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 20.97% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 19.99% | -1.42% |
JREJ.L vs. IJPE.L - Expense Ratio Comparison
JREJ.L has a 0.25% expense ratio, which is lower than IJPE.L's 0.64% expense ratio.
Dividends
JREJ.L vs. IJPE.L - Dividend Comparison
Neither JREJ.L nor IJPE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, JREJ.L and IJPE.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.
On fees, JREJ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREJ.L is cheaper with a 0.25% expense ratio, compared with 0.64% for IJPE.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JREJ.L and 0.64% for IJPE.L.
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