JRJE.L vs. 8PSB.DE
JRJE.L (JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and 8PSB.DE (Invesco Physical Silver ETC) are both exchange-traded funds - JRJE.L is a Japan Equities fund tracking the TOPIX TR JPY, while 8PSB.DE is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 3 years, JRJE.L returned 17.56%/yr vs 31.59%/yr for 8PSB.DE. At a 0.14 correlation, their price movements are largely independent. JRJE.L charges 0.25%/yr vs 0.19%/yr for 8PSB.DE.
Performance
JRJE.L vs. 8PSB.DE - Performance Comparison
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Different Trading Currencies
JRJE.L is traded in GBp, while 8PSB.DE is traded in EUR. To make them comparable, the 8PSB.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRJE.L achieves a 19.44% return, which is significantly higher than 8PSB.DE's -21.01% return.
JRJE.L
- 1D
- 0.50%
- 1M
- 3.52%
- YTD
- 19.44%
- 6M
- 19.65%
- 1Y
- 39.05%
- 3Y*
- 17.56%
- 5Y*
- —
- 10Y*
- —
8PSB.DE
- 1D
- 0.00%
- 1M
- -20.83%
- YTD
- -21.01%
- 6M
- -13.90%
- 1Y
- 69.38%
- 3Y*
- 31.59%
- 5Y*
- 14.59%
- 10Y*
- 11.44%
JRJE.L vs. 8PSB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRJE.L JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) | 19.44% | 15.91% | 9.56% | 13.90% | -0.96% |
8PSB.DE Invesco Physical Silver ETC | -21.01% | 142.23% | 13.05% | -2.82% | 2.53% |
Correlation
The correlation between JRJE.L and 8PSB.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.14 |
The correlation between JRJE.L and 8PSB.DE shifts across timeframes, from 0.14 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JRJE.L vs. 8PSB.DE — Risk / Return Rank
JRJE.L
8PSB.DE
JRJE.L vs. 8PSB.DE - 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 (acc) (JRJE.L) and Invesco Physical Silver ETC (8PSB.DE). 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.
| JRJE.L | 8PSB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 1.51 | +2.14 |
| Martin ratioReturn relative to average drawdown | 11.59 | 3.40 | +8.19 |
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Drawdowns
JRJE.L vs. 8PSB.DE - Drawdown Comparison
The maximum JRJE.L drawdown since its inception was -14.26%, smaller than the maximum 8PSB.DE drawdown of -77.73%. Use the drawdown chart below to compare losses from any high point for JRJE.L and 8PSB.DE.
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Drawdown Indicators
| JRJE.L | 8PSB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -77.73% | +63.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -45.80% | +35.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.26% | -45.80% | +31.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.80% | — |
Current DrawdownCurrent decline from peak | -3.07% | -45.80% | +42.73% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -55.75% | +52.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 20.40% | -17.04% |
Volatility
JRJE.L vs. 8PSB.DE - Volatility Comparison
The current volatility for JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRJE.L) is 6.50%, while Invesco Physical Silver ETC (8PSB.DE) has a volatility of 14.11%. This indicates that JRJE.L experiences smaller price fluctuations and is considered to be less risky than 8PSB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRJE.L | 8PSB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 14.11% | -7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 52.77% | -37.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 59.72% | -40.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 35.89% | -19.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 32.42% | -16.22% |
JRJE.L vs. 8PSB.DE - Expense Ratio Comparison
JRJE.L has a 0.25% expense ratio, which is higher than 8PSB.DE'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%.
Dividends
JRJE.L vs. 8PSB.DE - Dividend Comparison
Neither JRJE.L nor 8PSB.DE has paid dividends to shareholders.
Frequently Asked Questions
JRJE.L and 8PSB.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSB.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for JRJE.L.
JRJE.L is categorized as Japan Equities, while 8PSB.DE is Silver. JRJE.L tracks TOPIX TR JPY, while 8PSB.DE tracks LBMA Silver Price. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.25% for JRJE.L and 0.19% for 8PSB.DE.
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