Comparison window: 21 Jan 2026 → 16 Oct 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared⚠ Common window shorter than 12 months: comparable data are scarce and carry no statistical value.
Report produced on 20 October 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
JMAC — Strategic Allocation Conservative Active UCITS ETF · IE000FASRFS4 · Multi-asset · Europe
Performance over the period, in euro
From 21 Jan 2026 to 16 Oct 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: XS7W; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
XS7W
−3.5%
27 Mar 2026
39 days
69 days · back to break-even on 05 May 2026
JMAC
−3.7%
27 Mar 2026
59 days
89 days · back to break-even on 25 May 2026
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
JMAC — Strategic Allocation Conservative Active UCITS ETF · IE000FASRFS4 · Multi-asset · Europe
Metric
XS7W
JMAC
Note
Identity
Category
Multi-asset
Multi-asset · Europe
Rebalix engine classification
Replication
Gestione attiva (dal KID)
Gestione attiva (dal KID)
as declared by the issuer
Currency hedging
No
No
source: class name, factsheet
Income policy
distributing
accumulating
—
Costs
Declared annual cost
0.65%
0.35%Ongoing costs (PRIIPs)
different definitions: not comparable with each other
Transaction costs (KID)
0.11%
0.05%
internal
All-in cost
0.76%
0.40%
declared annual cost + transaction (KID)
Tracking difference (3a)
—
—
vs its OWN index
Performance in euro (ECB rates)
1 year
+4.8%
—
—
3 years
+22.0%
—
—
5 years
+12.1%
—
—
10 years
+38.9%
—
— = series younger than the window
Risk · last 3 years
Volatility (ann.)
+4.51%
—
—
Max drawdown
−7.61%
—
—
Sharpe
0.31
—
risk-free = ECB MRO avg
Sortino
0.38
—
like Sharpe, downside only
Distributions (fund currency)
Frequency
annual
accumulating class
—
Distributions, last 12 months
0.19 EUR
accumulating class
per share
Distribution yield
1.39%
accumulating class
12 months / NAV
Last ex-date
19 Aug 2026 · 0.19 EUR
accumulating class
—
Italian taxation
Effective capital-gains rate
22.56%
26.00%
white list, current half-year
Documents & exchanges
Listing venues
10
11
ESMA register
Borsa Italiana ticker
XS7W
JMAC
—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~478 euro XS7W · ~253 euro JMAC. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.