LCCN.L vs. JREC.L
LCCN.L (Lyxor MSCI China UCITS ETF - Acc) and JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc)) are both China Equities funds. LCCN.L is passively managed, while JREC.L is actively managed. Over the past 3 years, LCCN.L returned 8.66%/yr vs 11.15%/yr for JREC.L. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
LCCN.L vs. JREC.L - Performance Comparison
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Returns By Period
In the year-to-date period, LCCN.L achieves a -8.72% return, which is significantly lower than JREC.L's 9.52% return.
LCCN.L
- 1D
- 2.05%
- 1M
- -0.85%
- 6M
- -13.44%
- YTD
- -8.72%
- 1Y
- -0.57%
- 3Y*
- 8.66%
- 5Y*
- -4.23%
- 10Y*
- —
JREC.L
- 1D
- -0.77%
- 1M
- -1.91%
- 6M
- 6.51%
- YTD
- 9.52%
- 1Y
- 32.83%
- 3Y*
- 11.15%
- 5Y*
- —
- 10Y*
- —
LCCN.L vs. JREC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LCCN.L Lyxor MSCI China UCITS ETF - Acc | -8.72% | 31.99% | 19.37% | -11.59% | -20.82% |
JREC.L JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) | 9.52% | 28.38% | 9.65% | -13.02% | -19.50% |
Correlation
The correlation between LCCN.L and JREC.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.71 |
The correlation between LCCN.L and JREC.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
LCCN.L vs. JREC.L — Risk / Return Rank
LCCN.L
JREC.L
LCCN.L vs. JREC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI China UCITS ETF - Acc (LCCN.L) and JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.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.
| LCCN.L | JREC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.31 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 4.53 | -4.55 |
| Martin ratioReturn relative to average drawdown | -0.05 | 12.00 | -12.06 |
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Drawdowns
LCCN.L vs. JREC.L - Drawdown Comparison
The maximum LCCN.L drawdown since its inception was -62.38%, which is greater than JREC.L's maximum drawdown of -37.92%. Use the drawdown chart below to compare losses from any high point for LCCN.L and JREC.L.
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Drawdown Indicators
| LCCN.L | JREC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.38% | -37.92% | -24.46% |
Max Drawdown (1Y)Largest decline over 1 year | -22.74% | -7.22% | -15.52% |
Max Drawdown (3Y)Largest decline over 3 years | -25.53% | -27.06% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -53.18% | — | — |
Current DrawdownCurrent decline from peak | -35.27% | -5.30% | -29.97% |
Average DrawdownAverage peak-to-trough decline | -29.90% | -18.94% | -10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 2.73% | +7.76% |
Volatility
LCCN.L vs. JREC.L - Volatility Comparison
The current volatility for Lyxor MSCI China UCITS ETF - Acc (LCCN.L) is 5.49%, while JPM China A Research Enhanced Index Equity Active UCITS ETF - USD (acc) (JREC.L) has a volatility of 8.90%. This indicates that LCCN.L experiences smaller price fluctuations and is considered to be less risky than JREC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCCN.L | JREC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 8.90% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 15.17% | 14.69% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.46% | 18.76% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.35% | 23.02% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.61% | 23.02% | +4.59% |
Dividends
LCCN.L vs. JREC.L - Dividend Comparison
Neither LCCN.L nor JREC.L has paid dividends to shareholders.
Frequently Asked Questions
LCCN.L and JREC.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Amundi and ETF Issuer.
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