XX25.L vs. JRCE.L

Last updated Jun 5, 2026

XX25.L (Xtrackers FTSE China 50 UCITS ETF 1C) and JRCE.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both China Equities funds - XX25.L tracks the MSCI China NR USD while JRCE.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 3 years, XX25.L returned 13.47%/yr vs 9.28%/yr for JRCE.L. A 0.75 correlation means they provide meaningful diversification when combined. XX25.L charges 0.60%/yr vs 0.40%/yr for JRCE.L.

Performance

XX25.L vs. JRCE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers FTSE China 50 UCITS ETF 1C (XX25.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XX25.L achieves a 8.96% return, which is significantly lower than JRCE.L's 10.74% return.

XX25.L

• 1D: -0.66%
• 1M: 2.16%
• YTD: 8.96%
• 6M: 12.27%
• 1Y: 36.94%
• 3Y*: 13.47%
• 5Y*: 0.29%
• 10Y*: 4.94%

JRCE.L

• 1D: -0.48%
• 1M: 2.66%
• YTD: 10.74%
• 6M: 14.07%
• 1Y: 41.49%
• 3Y*: 9.28%
• 5Y*: —
• 10Y*: —

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

XX25.L vs. JRCE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XX25.L Xtrackers FTSE China 50 UCITS ETF 1C	8.96%	17.72%	29.08%	-18.23%	-9.05%
JRCE.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	10.74%	19.75%	11.38%	-17.74%	-9.39%

Correlation

The correlation between XX25.L and JRCE.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Feb 22, 2022	0.75

Over the past year, XX25.L and JRCE.L have become more correlated (0.96) than their long-term average of 0.75, meaning their price movements have been converging.

Return for Risk

XX25.L vs. JRCE.L — Risk / Return Rank

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

XX25.L

XX25.L Risk / Return Rank: 76
XX25.L Sharpe Ratio Rank: 73
XX25.L Sortino Ratio Rank: 70
XX25.L Omega Ratio Rank: 71
XX25.L Calmar Ratio Rank: 88
XX25.L Martin Ratio Rank: 79

JRCE.L

JRCE.L Risk / Return Rank: 86
JRCE.L Sharpe Ratio Rank: 85
JRCE.L Sortino Ratio Rank: 83
JRCE.L Omega Ratio Rank: 83
JRCE.L Calmar Ratio Rank: 93
JRCE.L Martin Ratio Rank: 88

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.

XX25.L vs. JRCE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE China 50 UCITS ETF 1C (XX25.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.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.

	XX25.L	JRCE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.73	-0.39
Sortino ratio: Return per unit of downside risk	3.13	3.64	-0.50
Omega ratio: Gain probability vs. loss probability	1.42	1.49	-0.07
Calmar ratio: Return relative to maximum drawdown	5.10	6.45	-1.35
Martin ratio: Return relative to average drawdown	15.08	18.93	-3.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XX25.L vs. JRCE.L - Sharpe Ratio Comparison

The current XX25.L Sharpe Ratio is 2.34, which is comparable to the JRCE.L Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of XX25.L and JRCE.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

	XX25.L	JRCE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.73	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.11	-0.01

Drawdowns

XX25.L vs. JRCE.L - Drawdown Comparison

The maximum XX25.L drawdown since its inception was -59.20%, which is greater than JRCE.L's maximum drawdown of -36.68%. Use the drawdown chart below to compare losses from any high point for XX25.L and JRCE.L.

Drawdown Indicators

	XX25.L	JRCE.L	Difference
Max Drawdown Largest peak-to-trough decline	-59.20%	-36.68%	-22.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.21%	-6.40%	-0.81%
Max Drawdown (3Y) Largest decline over 3 years	-28.00%	-25.42%	-2.58%
Max Drawdown (5Y) Largest decline over 5 years	-47.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-54.65%	—	—
Current Drawdown Current decline from peak	-15.09%	-2.19%	-12.90%
Average Drawdown Average peak-to-trough decline	-23.23%	-17.58%	-5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.19%	+0.25%

Volatility

XX25.L vs. JRCE.L - Volatility Comparison

Xtrackers FTSE China 50 UCITS ETF 1C (XX25.L) and JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JRCE.L) have volatilities of 5.59% and 5.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XX25.L	JRCE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	5.57%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	10.15%	+0.56%
Volatility (1Y) Calculated over the trailing 1-year period	15.69%	15.11%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.24%	21.50%	+5.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.47%	21.50%	+2.97%

XX25.L vs. JRCE.L - Expense Ratio Comparison

XX25.L has a 0.60% expense ratio, which is higher than JRCE.L's 0.40% expense ratio.

Dividends

XX25.L vs. JRCE.L - Dividend Comparison

Neither XX25.L nor JRCE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XX25.L and JRCE.L in my portfolio?

With a correlation of 0.96, XX25.L and JRCE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XX25.L or JRCE.L?

On fees, JRCE.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XX25.L or JRCE.L?

JRCE.L is cheaper with a 0.40% expense ratio, compared with 0.60% for XX25.L.

What is the main difference between XX25.L and JRCE.L?

XX25.L tracks MSCI China NR USD, while JRCE.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.60% for XX25.L and 0.40% for JRCE.L.