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ISWD.L vs. JPLG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISWD.L vs. JPLG.L

Last updated Jun 4, 2026

ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) and JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both Global Equities funds - ISWD.L tracks the MSCI World Islamic Index while JPLG.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, ISWD.L returned 13.73%/yr vs 10.40%/yr for JPLG.L. Their correlation of 0.85 suggests significant overlap in exposure. ISWD.L charges 0.60%/yr vs 0.20%/yr for JPLG.L.

Performance

ISWD.L vs. JPLG.L - Performance Comparison

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

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Returns By Period

In the year-to-date period, ISWD.L achieves a 20.37% return, which is significantly higher than JPLG.L's 10.76% return.

ISWD.L

1D
0.65%
1M
11.25%
YTD
20.37%
6M
20.71%
1Y
38.83%
3Y*
16.15%
5Y*
13.73%
10Y*
12.78%

JPLG.L

1D
0.68%
1M
3.55%
YTD
10.76%
6M
11.53%
1Y
23.08%
3Y*
13.92%
5Y*
10.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.37%11.58%7.85%17.25%-0.87%23.70%5.11%-0.09%
JPLG.L
JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating		10.76%10.11%12.09%7.05%0.72%24.67%2.57%-0.56%

Correlation

The correlation between ISWD.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

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Jul 17, 2019

0.85

Over the past year, the correlation between ISWD.L and JPLG.L has dropped to 0.61 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.

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

Sectors
ISWD.L
JPLG.L

Technology

42.8%
10.7%

Industrials

12.9%
10.5%

Energy

11.6%
8.4%

Healthcare

10.4%
12.2%

Basic Materials

9.6%
8.1%

Consumer Cyclical

6.9%
7.9%

Consumer Defensive

3.7%
8.4%

Utilities

1.1%
9.3%

Communication Services

0.4%
5.8%

Real Estate

0.2%
7.5%

Financial Services

0.0%
11.3%

Technology

ISWD.L
42.8%
JPLG.L
10.7%

Industrials

ISWD.L
12.9%
JPLG.L
10.5%

Energy

ISWD.L
11.6%
JPLG.L
8.4%

Healthcare

ISWD.L
10.4%
JPLG.L
12.2%

Basic Materials

ISWD.L
9.6%
JPLG.L
8.1%

Consumer Cyclical

ISWD.L
6.9%
JPLG.L
7.9%

Consumer Defensive

ISWD.L
3.7%
JPLG.L
8.4%

Utilities

ISWD.L
1.1%
JPLG.L
9.3%

Communication Services

ISWD.L
0.4%
JPLG.L
5.8%

Real Estate

ISWD.L
0.2%
JPLG.L
7.5%

Financial Services

ISWD.L
0.0%
JPLG.L
11.3%

Compare stocks, funds, or ETFs

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iShares MSCI World Islamic UCITS ETF USD (Dist)

JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating

Often compared with ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L
Often compared with JPLG.L:
JPLG.L vs. JPGL.DEJPLG.L vs. IUMF.LJPLG.L vs. JREG.LJPLG.L vs. VWRP.LJPLG.L vs. AVUVJPLG.L vs. SWDA.LJPLG.L vs. VWCE.DE

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISWD.L
ISWD.L Risk / Return Rank: 9292
Overall Rank
ISWD.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9292
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9292
Martin Ratio Rank
JPLG.L
JPLG.L Risk / Return Rank: 8383
Overall Rank
JPLG.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
JPLG.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
JPLG.L Omega Ratio Rank: 8585
Omega Ratio Rank
JPLG.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
JPLG.L Martin Ratio Rank: 7979
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.

ISWD.LJPLG.LDifference
Sharpe ratioReturn per unit of total volatility
3.42
2.92

+0.50

Sortino ratioReturn per unit of downside risk
4.60
4.00

+0.61

Omega ratioGain probability vs. loss probability

1.63

1.52

+0.11

Calmar ratioReturn relative to maximum drawdown

7.02

4.11

+2.90

Martin ratioReturn relative to average drawdown

24.08

15.36

+8.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ISWD.L Sharpe Ratio is 3.42, which is comparable to the JPLG.L Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of ISWD.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.

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Sharpe Ratios by Period

ISWD.LJPLG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.42

2.92

+0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

0.95

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.69

+0.05

Drawdowns

ISWD.L vs. JPLG.L - Drawdown Comparison

The maximum ISWD.L drawdown since its inception was -31.52%, which is greater than JPLG.L's maximum drawdown of -27.53%. Use the drawdown chart below to compare losses from any high point for ISWD.L and JPLG.L.

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Drawdown Indicators

ISWD.LJPLG.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.52%

-27.53%

-3.99%

Max Drawdown (1Y)

Largest decline over 1 year

-5.51%

-5.59%

+0.08%

Max Drawdown (3Y)

Largest decline over 3 years

-21.00%

-13.65%

-7.35%

Max Drawdown (5Y)

Largest decline over 5 years

-21.00%

-13.65%

-7.35%

Max Drawdown (10Y)

Largest decline over 10 years

-24.90%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.61%

-3.30%

-0.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

1.50%

+0.11%

Volatility

ISWD.L vs. JPLG.L - Volatility Comparison

iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a higher volatility of 3.64% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) at 1.96%. This indicates that ISWD.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.

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Volatility by Period

ISWD.LJPLG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

1.96%

+1.68%

Volatility (6M)

Calculated over the trailing 6-month period

8.40%

5.88%

+2.52%

Volatility (1Y)

Calculated over the trailing 1-year period

11.34%

7.88%

+3.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

10.90%

+2.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

13.75%

+0.58%

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

ISWD.L has a 0.60% expense ratio, which is higher than JPLG.L's 0.20% expense ratio.

Dividends

ISWD.L vs. JPLG.L - Dividend Comparison

ISWD.L's dividend yield for the trailing twelve months is around 1.27%, while JPLG.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%
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%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ISWD.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.

On fees, JPLG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JPLG.L is cheaper with a 0.20% expense ratio, compared with 0.60% for ISWD.L.

ISWD.L tracks MSCI World Islamic Index, while JPLG.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.60% for ISWD.L and 0.20% for JPLG.L.

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