EWLD.PA vs. JRZE.L
EWLD.PA (Amundi MSCI World Swap UCITS ETF EUR Distributing) and JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) are both exchange-traded funds - EWLD.PA is a Global Equities fund tracking the MSCI World, while JRZE.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, EWLD.PA returned 17.53%/yr vs 16.85%/yr for JRZE.L. A 0.67 correlation means they provide meaningful diversification when combined. EWLD.PA charges 0.38%/yr vs 0.25%/yr for JRZE.L.
Performance
EWLD.PA vs. JRZE.L - Performance Comparison
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Different Trading Currencies
EWLD.PA is traded in EUR, while JRZE.L is traded in GBp. To make them comparable, the JRZE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EWLD.PA achieves a 10.80% return, which is significantly lower than JRZE.L's 12.76% return.
EWLD.PA
- 1D
- -0.27%
- 1M
- 0.63%
- YTD
- 10.80%
- 6M
- 10.77%
- 1Y
- 23.93%
- 3Y*
- 17.53%
- 5Y*
- 11.87%
- 10Y*
- 12.86%
JRZE.L
- 1D
- 0.00%
- 1M
- 3.52%
- YTD
- 12.76%
- 6M
- 13.29%
- 1Y
- 25.46%
- 3Y*
- 16.85%
- 5Y*
- —
- 10Y*
- —
EWLD.PA vs. JRZE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EWLD.PA Amundi MSCI World Swap UCITS ETF EUR Distributing | 10.80% | 6.64% | 26.85% | 19.59% | -7.62% |
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 12.76% | 23.16% | 8.33% | 20.32% | -14.03% |
Correlation
The correlation between EWLD.PA and JRZE.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2022 | 0.67 |
The correlation between EWLD.PA and JRZE.L has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
EWLD.PA vs. JRZE.L — Risk / Return Rank
EWLD.PA
JRZE.L
EWLD.PA vs. JRZE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World Swap UCITS ETF EUR Distributing (EWLD.PA) and JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.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.
| EWLD.PA | JRZE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.49 | +1.06 |
| Martin ratioReturn relative to average drawdown | 14.04 | 9.15 | +4.89 |
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Drawdowns
EWLD.PA vs. JRZE.L - Drawdown Comparison
The maximum EWLD.PA drawdown since its inception was -33.75%, which is greater than JRZE.L's maximum drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for EWLD.PA and JRZE.L.
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Drawdown Indicators
| EWLD.PA | JRZE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.75% | -27.24% | -6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -10.27% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.69% | -14.85% | -6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.75% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -0.98% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -5.92% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 2.79% | -1.10% |
Volatility
EWLD.PA vs. JRZE.L - Volatility Comparison
The current volatility for Amundi MSCI World Swap UCITS ETF EUR Distributing (EWLD.PA) is 3.05%, while JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) has a volatility of 3.41%. This indicates that EWLD.PA experiences smaller price fluctuations and is considered to be less risky than JRZE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWLD.PA | JRZE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 3.41% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 12.01% | -3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.30% | 14.67% | -3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 17.60% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 17.60% | -2.55% |
EWLD.PA vs. JRZE.L - Expense Ratio Comparison
EWLD.PA has a 0.38% expense ratio, which is higher than JRZE.L's 0.25% expense ratio.
Dividends
EWLD.PA vs. JRZE.L - Dividend Comparison
EWLD.PA's dividend yield for the trailing twelve months is around 1.05%, while JRZE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EWLD.PA Amundi MSCI World Swap UCITS ETF EUR Distributing | 1.05% | 1.17% | 0.61% |
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EWLD.PA and JRZE.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRZE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRZE.L is cheaper with a 0.25% expense ratio, compared with 0.38% for EWLD.PA.
EWLD.PA is categorized as Global Equities, while JRZE.L is Europe Equities. EWLD.PA tracks MSCI World, while JRZE.L tracks MSCI EMU NR EUR. They also come from different issuers: Amundi and JPMorgan. Their fees differ too: 0.38% for EWLD.PA and 0.25% for JRZE.L.
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