EEWG.L vs. JPLG.L

Last updated Jul 18, 2026

EEWG.L (iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)) and JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both Global Equities funds tracking the MSCI ACWI NR USD, from iShares and JPMorgan respectively. Both are passively managed. Over the past 5 years, EEWG.L returned 10.59%/yr vs 10.32%/yr for JPLG.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

EEWG.L vs. JPLG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EEWG.L) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EEWG.L is traded in GBP, while JPLG.L is traded in GBp. To make them comparable, the JPLG.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, EEWG.L achieves a 8.45% return, which is significantly lower than JPLG.L's 12.56% return.

EEWG.L

• 1D: -0.83%
• 1M: -0.98%
• 6M: 6.53%
• YTD: 8.45%
• 1Y: 18.91%
• 3Y*: 15.96%
• 5Y*: 10.59%
• 10Y*: —

JPLG.L

• 1D: 0.36%
• 1M: 0.21%
• 6M: 9.05%
• YTD: 12.56%
• 1Y: 21.60%
• 3Y*: 14.31%
• 5Y*: 10.32%
• 10Y*: —

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

EEWG.L vs. JPLG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EEWG.L iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)	8.45%	10.99%	20.26%	16.47%	-10.69%	24.36%	13.71%	1.01%
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	12.56%	10.11%	12.09%	7.05%	0.72%	24.67%	2.57%	0.95%

Correlation

The correlation between EEWG.L and JPLG.L is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Nov 22, 2019	0.84

Over the past year, the correlation between EEWG.L and JPLG.L has dropped to 0.61 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

EEWG.L vs. JPLG.L - Sectors Allocation Comparison

Sectors	EEWG.L	JPLG.L
Technology	30.9%	12.6%
Financial Services	16.9%	11.0%
Industrials	10.0%	10.4%
Healthcare	9.5%	12.0%
Consumer Cyclical	8.6%	7.9%
Communication Services	8.6%	5.6%
Consumer Defensive	4.5%	8.3%
Energy	3.6%	7.7%
Basic Materials	3.3%	8.4%
Utilities	2.5%	8.8%
Real Estate	1.9%	7.2%

Return for Risk

EEWG.L vs. JPLG.L — Risk / Return Rank

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

EEWG.L

EEWG.L Risk / Return Rank: 73
EEWG.L Sharpe Ratio Rank: 72
EEWG.L Sortino Ratio Rank: 71
EEWG.L Omega Ratio Rank: 73
EEWG.L Calmar Ratio Rank: 71
EEWG.L Martin Ratio Rank: 76

JPLG.L

JPLG.L Risk / Return Rank: 90
JPLG.L Sharpe Ratio Rank: 94
JPLG.L Sortino Ratio Rank: 93
JPLG.L Omega Ratio Rank: 92
JPLG.L Calmar Ratio Rank: 87
JPLG.L Martin Ratio Rank: 87

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.

EEWG.L vs. JPLG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EEWG.L) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.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.

	EEWG.L	JPLG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.72	-0.97
Sortino ratio: Return per unit of downside risk	2.47	3.70	-1.23
Omega ratio: Gain probability vs. loss probability	1.33	1.49	-0.16
Calmar ratio: Return relative to maximum drawdown	2.67	3.85	-1.18
Martin ratio: Return relative to average drawdown	10.45	14.14	-3.69

EEWG.L vs. JPLG.L - Sharpe Ratio Comparison

The current EEWG.L Sharpe Ratio is 1.75, which is lower than the JPLG.L Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of EEWG.L and JPLG.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.

Drawdowns

EEWG.L vs. JPLG.L - Drawdown Comparison

The maximum EEWG.L drawdown since its inception was -25.43%, smaller than the maximum JPLG.L drawdown of -27.53%. Use the drawdown chart below to compare losses from any high point for EEWG.L and JPLG.L.

Drawdown Indicators

	EEWG.L	JPLG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.43%	-27.53%	+2.10%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-5.59%	-1.47%
Max Drawdown (3Y) Largest decline over 3 years	-18.89%	-13.65%	-5.24%
Max Drawdown (5Y) Largest decline over 5 years	-18.89%	-13.65%	-5.24%
Current Drawdown Current decline from peak	-1.76%	-1.13%	-0.63%
Average Drawdown Average peak-to-trough decline	-3.89%	-3.25%	-0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	1.52%	+0.29%

Volatility

EEWG.L vs. JPLG.L - Volatility Comparison

iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EEWG.L) has a higher volatility of 2.85% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) at 2.35%. This indicates that EEWG.L's price experiences larger fluctuations and is considered to be riskier than JPLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEWG.L	JPLG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	2.35%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	8.01%	6.06%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	10.84%	7.94%	+2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.52%	10.91%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	13.66%	+1.62%

EEWG.L vs. JPLG.L - Expense Ratio Comparison

Both EEWG.L and JPLG.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EEWG.L vs. JPLG.L - Dividend Comparison

EEWG.L's dividend yield for the trailing twelve months is around 1.12%, while JPLG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EEWG.L iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)	1.12%	1.18%	1.36%	1.59%	1.78%	1.28%	1.43%	0.76%
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEWG.L and JPLG.L in my portfolio?

EEWG.L and JPLG.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EEWG.L or JPLG.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EEWG.L or JPLG.L?

EEWG.L and JPLG.L have the same expense ratio: 0.20% per year.

What is the main difference between EEWG.L and JPLG.L?

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: iShares and JPMorgan.