JSET.L vs. JREA.L
JSET.L (JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc)) and JREA.L (JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc)) are both exchange-traded funds - JSET.L is a Dividend fund actively managed by ETF Issuer, while JREA.L is a Japan Equities fund actively managed by ETF Issuer. Both are actively managed. Over the past 3 years, JSET.L returned 2.93%/yr vs 18.41%/yr for JREA.L. At a 0.04 correlation, their price movements are largely independent.
Performance
JSET.L vs. JREA.L - Performance Comparison
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Different Trading Currencies
JSET.L is traded in GBP, while JREA.L is traded in USD. To make them comparable, the JREA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JSET.L achieves a -1.70% return, which is significantly lower than JREA.L's 22.98% return.
JSET.L
- 1D
- -0.70%
- 1M
- -1.59%
- 6M
- -1.17%
- YTD
- -1.70%
- 1Y
- -0.09%
- 3Y*
- 2.93%
- 5Y*
- 1.84%
- 10Y*
- —
JREA.L
- 1D
- -1.43%
- 1M
- -6.29%
- 6M
- 17.65%
- YTD
- 22.98%
- 1Y
- 37.66%
- 3Y*
- 18.41%
- 5Y*
- —
- 10Y*
- —
JSET.L vs. JREA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JSET.L JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) | -1.70% | 7.88% | -0.75% | 1.33% | 6.37% |
JREA.L JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 22.98% | 20.40% | 10.71% | -0.77% | -3.95% |
Correlation
The correlation between JSET.L and JREA.L is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2022 | 0.04 |
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Return for Risk
JSET.L vs. JREA.L — Risk / Return Rank
JSET.L
JREA.L
JSET.L vs. JREA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) (JSET.L) and JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREA.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.
| JSET.L | JREA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 3.92 | -3.95 |
| Martin ratioReturn relative to average drawdown | -0.08 | 10.76 | -10.84 |
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Drawdowns
JSET.L vs. JREA.L - Drawdown Comparison
The maximum JSET.L drawdown since its inception was -18.28%, roughly equal to the maximum JREA.L drawdown of -18.06%. Use the drawdown chart below to compare losses from any high point for JSET.L and JREA.L.
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Drawdown Indicators
| JSET.L | JREA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.28% | -18.06% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -9.55% | +6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -16.92% | +2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -14.03% | — | — |
Current DrawdownCurrent decline from peak | -7.86% | -9.52% | +1.66% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -5.90% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 3.49% | -2.44% |
Volatility
JSET.L vs. JREA.L - Volatility Comparison
The current volatility for JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) (JSET.L) is 1.01%, while JPM AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREA.L) has a volatility of 9.13%. This indicates that JSET.L experiences smaller price fluctuations and is considered to be less risky than JREA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JSET.L | JREA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 9.13% | -8.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 17.95% | -15.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 20.02% | -16.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 17.86% | -7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 17.86% | -7.78% |
Dividends
JSET.L vs. JREA.L - Dividend Comparison
Neither JSET.L nor JREA.L has paid dividends to shareholders.
Frequently Asked Questions
JSET.L and JREA.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JSET.L is categorized as Dividend, while JREA.L is Japan Equities.
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