IWLE.DE vs. JPGL.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both Global Equities funds - IWLE.DE tracks the MSCI World Net TR Index while JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 10.67%/yr for JPGL.DE. A 0.76 correlation means they provide meaningful diversification when combined. IWLE.DE charges 0.30%/yr vs 0.20%/yr for JPGL.DE.
Performance
IWLE.DE vs. JPGL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly lower than JPGL.DE's 14.83% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
JPGL.DE
- 1D
- 0.58%
- 1M
- 3.41%
- YTD
- 14.83%
- 6M
- 15.51%
- 1Y
- 25.01%
- 3Y*
- 15.02%
- 5Y*
- 10.67%
- 10Y*
- —
IWLE.DE vs. JPGL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.68% | 6.23% |
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 14.83% | 5.19% | 16.53% | 9.72% | -4.98% | 33.81% | -3.57% | 6.77% |
Correlation
The correlation between IWLE.DE and JPGL.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019 | 0.76 |
Over the past year, the correlation between IWLE.DE and JPGL.DE has dropped to 0.48 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
IWLE.DE vs. JPGL.DE — Risk / Return Rank
IWLE.DE
JPGL.DE
IWLE.DE vs. JPGL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE). 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.
| IWLE.DE | JPGL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.52 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 5.23 | -2.66 |
| Martin ratioReturn relative to average drawdown | 11.25 | 20.51 | -9.26 |
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Drawdowns
IWLE.DE vs. JPGL.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, smaller than the maximum JPGL.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and JPGL.DE.
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Drawdown Indicators
| IWLE.DE | JPGL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -35.54% | +2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -4.76% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -17.34% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -17.34% | -6.15% |
Current DrawdownCurrent decline from peak | -1.77% | 0.00% | -1.77% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.76% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 1.22% | +0.62% |
Volatility
IWLE.DE vs. JPGL.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) at 2.00%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than JPGL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | JPGL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.00% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 6.09% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 8.63% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 11.86% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 14.94% | +1.82% |
IWLE.DE vs. JPGL.DE - Expense Ratio Comparison
IWLE.DE has a 0.30% expense ratio, which is higher than JPGL.DE's 0.20% expense ratio.
Dividends
IWLE.DE vs. JPGL.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while JPGL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
JPGL.DE 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
IWLE.DE and JPGL.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPGL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPGL.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for IWLE.DE.
IWLE.DE tracks MSCI World Net TR Index, while JPGL.DE tracks JP Morgan Diversified Factor Global Developed (Region Aware) Equity. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.30% for IWLE.DE and 0.20% for JPGL.DE.
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