IWFM.L vs. JPGL.L
Compare and contrast key facts about iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) and JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L).
IWFM.L and JPGL.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWFM.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Growth NR USD. It was launched on Oct 3, 2014. JPGL.L is a passively managed fund by JPMorgan that tracks the performance of the MSCI ACWI NR USD. It was launched on Jul 9, 2019. Both IWFM.L and JPGL.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWFM.L or JPGL.L.
Key characteristics
| IWFM.L | JPGL.L | |
|---|---|---|
| YTD Return | 31.64% | 14.93% |
| 1Y Return | 36.04% | 26.32% |
| 3Y Return (Ann) | 7.56% | 6.10% |
| 5Y Return (Ann) | 13.24% | 9.61% |
| Sharpe Ratio | 2.25 | 2.40 |
| Sortino Ratio | 2.95 | 3.38 |
| Omega Ratio | 1.43 | 1.44 |
| Calmar Ratio | 2.81 | 3.75 |
| Martin Ratio | 10.54 | 15.58 |
| Ulcer Index | 3.41% | 1.50% |
| Daily Std Dev | 15.90% | 9.97% |
| Max Drawdown | -22.58% | -35.87% |
| Current Drawdown | 0.00% | -1.81% |
Correlation
The correlation between IWFM.L and JPGL.L is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IWFM.L vs. JPGL.L - Performance Comparison
In the year-to-date period, IWFM.L achieves a 31.64% return, which is significantly higher than JPGL.L's 14.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWFM.L vs. JPGL.L - Expense Ratio Comparison
IWFM.L has a 0.30% expense ratio, which is higher than JPGL.L's 0.19% expense ratio.
Risk-Adjusted Performance
IWFM.L vs. JPGL.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) and JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.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.
Dividends
IWFM.L vs. JPGL.L - Dividend Comparison
Neither IWFM.L nor JPGL.L has paid dividends to shareholders.
Drawdowns
IWFM.L vs. JPGL.L - Drawdown Comparison
The maximum IWFM.L drawdown since its inception was -22.58%, smaller than the maximum JPGL.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for IWFM.L and JPGL.L. For additional features, visit the drawdowns tool.
Volatility
IWFM.L vs. JPGL.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IWFM.L) has a higher volatility of 2.71% compared to JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) at 2.25%. This indicates that IWFM.L's price experiences larger fluctuations and is considered to be riskier than JPGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.