JREJ.L vs. JARI.L
JREJ.L (JPMorgan ETFs (Ireland) ICAV - Japan Research Enhanced Index Equity Active UCITS ETF USD (acc)) and JARI.L (Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C)) are both Japan Equities funds. JREJ.L is actively managed, while JARI.L is passively managed. Over the past 3 years, JREJ.L returned 17.38%/yr vs 6.48%/yr for JARI.L. Their correlation of 0.86 suggests significant overlap in exposure.
Performance
JREJ.L vs. JARI.L - Performance Comparison
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Different Trading Currencies
JREJ.L is traded in USD, while JARI.L is traded in GBp. To make them comparable, the JARI.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 15.17% return, which is significantly higher than JARI.L's 7.85% return.
JREJ.L
- 1D
- -1.74%
- 1M
- -1.92%
- 6M
- 8.74%
- YTD
- 15.17%
- 1Y
- 33.48%
- 3Y*
- 17.38%
- 5Y*
- —
- 10Y*
- —
JARI.L
- 1D
- -0.75%
- 1M
- 4.30%
- 6M
- 3.97%
- YTD
- 7.85%
- 1Y
- 20.66%
- 3Y*
- 6.48%
- 5Y*
- 1.86%
- 10Y*
- —
JREJ.L vs. JARI.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% |
JARI.L Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 7.85% | 18.35% | -3.91% | 10.54% | -11.45% |
Correlation
The correlation between JREJ.L and JARI.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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022 | 0.86 |
The correlation between JREJ.L and JARI.L has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
JREJ.L vs. JARI.L — Risk / Return Rank
JREJ.L
JARI.L
JREJ.L vs. JARI.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 Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.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 | JARI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.20 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.69 | +1.06 |
| Martin ratioReturn relative to average drawdown | 8.78 | 4.69 | +4.09 |
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Drawdowns
JREJ.L vs. JARI.L - Drawdown Comparison
The maximum JREJ.L drawdown since its inception was -20.61%, smaller than the maximum JARI.L drawdown of -52.48%. Use the drawdown chart below to compare losses from any high point for JREJ.L and JARI.L.
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Drawdown Indicators
| JREJ.L | JARI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -52.48% | +31.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -12.14% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -14.89% | -15.93% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -5.23% | -28.28% | +23.05% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -37.33% | +32.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 4.40% | -0.59% |
Volatility
JREJ.L vs. JARI.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 Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.L) at 5.67%. This indicates that JREJ.L's price experiences larger fluctuations and is considered to be riskier than JARI.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 | JARI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 5.67% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 17.87% | 15.58% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.56% | 19.46% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 17.45% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.54% | 21.64% | -3.10% |
Dividends
JREJ.L vs. JARI.L - Dividend Comparison
Neither JREJ.L nor JARI.L has paid dividends to shareholders.
Frequently Asked Questions
JREJ.L and JARI.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 Amundi.
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