JRIE.L vs. HMJP.L

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRIE.L) and HSBC MSCI Japan UCITS ETF USD (HMJP.L).

JRIE.L and HMJP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JRIE.L is a passively managed fund by JPMorgan that tracks the performance of the TOPIX TR JPY. It was launched on Mar 29, 2022. HMJP.L is a passively managed fund by HSBC that tracks the performance of the TOPIX TR JPY. It was launched on Mar 23, 2010. Both JRIE.L and HMJP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JRIE.L vs. HMJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRIE.L) and HSBC MSCI Japan UCITS ETF USD (HMJP.L). The values are adjusted to include any dividend payments, if applicable.

JRIE.L vs. HMJP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JRIE.L JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	9.17%	14.41%	11.85%
HMJP.L HSBC MSCI Japan UCITS ETF USD	8.79%	17.44%	10.21%

Returns By Period

The year-to-date returns for both stocks are quite close, with JRIE.L having a 9.17% return and HMJP.L slightly lower at 8.79%.

JRIE.L

• 1D: 4.29%
• 1M: -2.96%
• YTD: 9.17%
• 6M: 13.94%
• 1Y: 28.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HMJP.L

• 1D: 4.40%
• 1M: -2.84%
• YTD: 8.79%
• 6M: 13.89%
• 1Y: 29.59%
• 3Y*: 14.92%
• 5Y*: 8.42%
• 10Y*: 10.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JRIE.L vs. HMJP.L - Expense Ratio Comparison

JRIE.L has a 0.25% expense ratio, which is higher than HMJP.L's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

JRIE.L

JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)

HMJP.L

HSBC MSCI Japan UCITS ETF USD

Return for Risk

JRIE.L vs. HMJP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HMJP.L

HMJP.L Risk / Return Rank: 79
HMJP.L Sharpe Ratio Rank: 77
HMJP.L Sortino Ratio Rank: 78
HMJP.L Omega Ratio Rank: 75
HMJP.L Calmar Ratio Rank: 85
HMJP.L Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JRIE.L vs. HMJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRIE.L) and HSBC MSCI Japan UCITS ETF USD (HMJP.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.

	JRIE.L	HMJP.L	Difference
Sharpe ratio Return per unit of total volatility	3.44	1.52	+1.92
Sortino ratio Return per unit of downside risk	4.32	2.13	+2.19
Omega ratio Gain probability vs. loss probability	1.59	1.30	+0.29
Calmar ratio Return relative to maximum drawdown	—	2.84	—
Martin ratio Return relative to average drawdown	—	10.27	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JRIE.L vs. HMJP.L - Sharpe Ratio Comparison

The current JRIE.L Sharpe Ratio is 3.44, which is higher than the HMJP.L Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of JRIE.L and HMJP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JRIE.L	HMJP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.44	1.52	+1.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.76	0.46	+2.30

Correlation

The correlation between JRIE.L and HMJP.L is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JRIE.L vs. HMJP.L - Dividend Comparison

JRIE.L's dividend yield for the trailing twelve months is around 1.61%, more than HMJP.L's 1.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JRIE.L JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	1.61%	1.81%	1.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HMJP.L HSBC MSCI Japan UCITS ETF USD	1.59%	1.74%	1.64%	1.75%	1.98%	1.53%	1.68%	1.83%	1.73%	1.41%	1.27%	1.10%

Drawdowns

JRIE.L vs. HMJP.L - Drawdown Comparison

The maximum JRIE.L drawdown since its inception was -13.10%, smaller than the maximum HMJP.L drawdown of -24.24%. Use the drawdown chart below to compare losses from any high point for JRIE.L and HMJP.L.

Drawdown Indicators

	JRIE.L	HMJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-13.10%	-24.24%	+11.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.61%	-10.83%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.24%	—
Current Drawdown Current decline from peak	-5.33%	-5.27%	-0.06%
Average Drawdown Average peak-to-trough decline	-3.56%	-7.02%	+3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.00%	—

Volatility

JRIE.L vs. HMJP.L - Volatility Comparison

JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRIE.L) and HSBC MSCI Japan UCITS ETF USD (HMJP.L) have volatilities of 8.58% and 8.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRIE.L	HMJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.58%	8.64%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	—	14.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.20%	19.40%	+11.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.85%	15.82%	+18.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.85%	16.02%	+17.83%