JRIE.L vs. JREG.L

Last updated Jun 5, 2026

JRIE.L (JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) and JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JRIE.L is a Japan Equities fund tracking the TOPIX TR JPY, while JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, JRIE.L returned 17.01%/yr vs 17.17%/yr for JREG.L. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

JRIE.L vs. JREG.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 JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JRIE.L is traded in GBp, while JREG.L is traded in USD. To make them comparable, the JREG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, JRIE.L achieves a 16.88% return, which is significantly higher than JREG.L's 9.88% return.

JRIE.L

• 1D: -0.38%
• 1M: 6.24%
• YTD: 16.88%
• 6M: 15.92%
• 1Y: 34.73%
• 3Y*: 17.01%
• 5Y*: —
• 10Y*: —

JREG.L

• 1D: 0.14%
• 1M: 4.54%
• YTD: 9.88%
• 6M: 9.92%
• 1Y: 26.47%
• 3Y*: 17.17%
• 5Y*: 13.31%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
JRIE.L JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	16.88%	14.41%	12.30%	14.34%	4.72%
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	9.88%	11.22%	20.75%	19.41%	4.89%

Correlation

The correlation between JRIE.L and JREG.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.17

Return for Risk

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

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

JRIE.L

JRIE.L Risk / Return Rank: 97
JRIE.L Sharpe Ratio Rank: 97
JRIE.L Sortino Ratio Rank: 96
JRIE.L Omega Ratio Rank: 97
JRIE.L Calmar Ratio Rank: 98
JRIE.L Martin Ratio Rank: 97

JREG.L

JREG.L Risk / Return Rank: 66
JREG.L Sharpe Ratio Rank: 65
JREG.L Sortino Ratio Rank: 71
JREG.L Omega Ratio Rank: 65
JREG.L Calmar Ratio Rank: 61
JREG.L Martin Ratio Rank: 70

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. JREG.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 JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.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	JREG.L	Difference
Sharpe ratio: Return per unit of total volatility	4.92	2.28	+2.64
Sortino ratio: Return per unit of downside risk	5.71	3.15	+2.55
Omega ratio: Gain probability vs. loss probability	1.84	1.42	+0.42
Calmar ratio: Return relative to maximum drawdown	16.64	4.05	+12.60
Martin ratio: Return relative to average drawdown	46.46	15.89	+30.57
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. JREG.L - Sharpe Ratio Comparison

The current JRIE.L Sharpe Ratio is 4.92, which is higher than the JREG.L Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of JRIE.L and JREG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JRIE.L	JREG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.92	2.28	+2.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.80	0.86	+2.94

Drawdowns

JRIE.L vs. JREG.L - Drawdown Comparison

The maximum JRIE.L drawdown since its inception was -13.10%, smaller than the maximum JREG.L drawdown of -25.88%. Use the drawdown chart below to compare losses from any high point for JRIE.L and JREG.L.

Drawdown Indicators

	JRIE.L	JREG.L	Difference
Max Drawdown Largest peak-to-trough decline	-13.10%	-25.88%	+12.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-6.51%	-3.63%
Max Drawdown (3Y) Largest decline over 3 years	-13.10%	-18.75%	+5.65%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.75%	—
Current Drawdown Current decline from peak	-0.38%	-0.18%	-0.20%
Average Drawdown Average peak-to-trough decline	-2.88%	-3.17%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.66%	—

Volatility

JRIE.L vs. JREG.L - Volatility Comparison

JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRIE.L) has a higher volatility of 3.86% compared to JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) at 3.26%. This indicates that JRIE.L's price experiences larger fluctuations and is considered to be riskier than JREG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRIE.L	JREG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	3.26%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	—	8.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	34.53%	11.57%	+22.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.66%	14.39%	+21.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.66%	16.18%	+19.48%

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

Both JRIE.L and JREG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JRIE.L vs. JREG.L - Dividend Comparison

JRIE.L's dividend yield for the trailing twelve months is around 1.52%, while JREG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)	0.00%	0.00%	0.00%	0.00%	0.00%
JRIE.L JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	1.52%	1.81%	1.53%	1.72%	2.14%

Frequently Asked Questions

Can I hold both JRIE.L and JREG.L in my portfolio?

JRIE.L and JREG.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JRIE.L or JREG.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JRIE.L or JREG.L?

JRIE.L and JREG.L have the same expense ratio: 0.25% per year.

What is the main difference between JRIE.L and JREG.L?

JRIE.L is categorized as Japan Equities, while JREG.L is Global Equities. JRIE.L tracks TOPIX TR JPY, while JREG.L tracks MSCI ACWI NR USD.