JRJE.L vs. BATE.DE
JRJE.L (JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) and BATE.DE (Legal & General Battery Value-Chain UCITS ETF) are both exchange-traded funds - JRJE.L is a Japan Equities fund tracking the TOPIX TR JPY, while BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index. Both are passively managed. Over the past 3 years, JRJE.L returned 17.56%/yr vs 20.44%/yr for BATE.DE. A 0.53 correlation means they provide meaningful diversification when combined. JRJE.L charges 0.25%/yr vs 0.49%/yr for BATE.DE.
Performance
JRJE.L vs. BATE.DE - Performance Comparison
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Different Trading Currencies
JRJE.L is traded in GBp, while BATE.DE is traded in EUR. To make them comparable, the BATE.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with JRJE.L having a 19.44% return and BATE.DE slightly lower at 19.26%.
JRJE.L
- 1D
- 0.50%
- 1M
- 3.52%
- YTD
- 19.44%
- 6M
- 19.65%
- 1Y
- 39.05%
- 3Y*
- 17.56%
- 5Y*
- —
- 10Y*
- —
BATE.DE
- 1D
- -2.46%
- 1M
- -11.31%
- YTD
- 19.26%
- 6M
- 20.28%
- 1Y
- 103.26%
- 3Y*
- 20.44%
- 5Y*
- 14.63%
- 10Y*
- —
JRJE.L vs. BATE.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% |
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 19.26% | 62.98% | -0.08% | 3.21% | -3.70% |
Correlation
The correlation between JRJE.L and BATE.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.53 |
The correlation between JRJE.L and BATE.DE has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.
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Return for Risk
JRJE.L vs. BATE.DE — Risk / Return Rank
JRJE.L
BATE.DE
JRJE.L vs. BATE.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 Legal & General Battery Value-Chain UCITS ETF (BATE.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 | BATE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.50 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 6.64 | -2.99 |
| Martin ratioReturn relative to average drawdown | 11.59 | 22.44 | -10.85 |
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Drawdowns
JRJE.L vs. BATE.DE - Drawdown Comparison
The maximum JRJE.L drawdown since its inception was -14.26%, smaller than the maximum BATE.DE drawdown of -34.51%. Use the drawdown chart below to compare losses from any high point for JRJE.L and BATE.DE.
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Drawdown Indicators
| JRJE.L | BATE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -34.51% | +20.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -15.46% | +4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.26% | -34.51% | +20.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.51% | — |
Current DrawdownCurrent decline from peak | -3.07% | -14.14% | +11.07% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -8.26% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 4.59% | -1.23% |
Volatility
JRJE.L vs. BATE.DE - Volatility Comparison
The current volatility for JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRJE.L) is 6.50%, while Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a volatility of 10.29%. This indicates that JRJE.L experiences smaller price fluctuations and is considered to be less risky than BATE.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 | BATE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 10.29% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 24.08% | -8.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 30.34% | -11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 23.25% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 23.06% | -6.86% |
JRJE.L vs. BATE.DE - Expense Ratio Comparison
JRJE.L has a 0.25% expense ratio, which is lower than BATE.DE's 0.49% expense ratio.
Dividends
JRJE.L vs. BATE.DE - Dividend Comparison
Neither JRJE.L nor BATE.DE has paid dividends to shareholders.
Frequently Asked Questions
JRJE.L and BATE.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRJE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRJE.L is cheaper with a 0.25% expense ratio, compared with 0.49% for BATE.DE.
JRJE.L is categorized as Japan Equities, while BATE.DE is Lithium & Battery Metals. JRJE.L tracks TOPIX TR JPY, while BATE.DE tracks Solactive Battery Value-Chain Index. They also come from different issuers: JPMorgan and Legal & General. Their fees differ too: 0.25% for JRJE.L and 0.49% for BATE.DE.
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