IWQU.L vs. JPLG.L

Last updated Jun 5, 2026

IWQU.L (iShares MSCI World Quality Factor UCITS) 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, IWQU.L returned 10.34%/yr vs 9.24%/yr for JPLG.L. A 0.77 correlation means they provide meaningful diversification when combined. IWQU.L charges 0.30%/yr vs 0.20%/yr for JPLG.L.

Performance

IWQU.L vs. JPLG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Quality Factor UCITS (IWQU.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

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

Returns By Period

In the year-to-date period, IWQU.L achieves a 8.47% return, which is significantly lower than JPLG.L's 10.50% return.

IWQU.L

• 1D: 0.85%
• 1M: 1.95%
• YTD: 8.47%
• 6M: 9.52%
• 1Y: 20.74%
• 3Y*: 18.41%
• 5Y*: 10.34%
• 10Y*: 12.42%

JPLG.L

• 1D: 0.06%
• 1M: 1.35%
• YTD: 10.50%
• 6M: 11.71%
• 1Y: 21.97%
• 3Y*: 16.66%
• 5Y*: 9.24%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IWQU.L iShares MSCI World Quality Factor UCITS	8.47%	15.28%	17.38%	25.66%	-19.26%	23.70%	14.95%	7.74%
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	10.50%	18.42%	10.23%	12.69%	-10.05%	23.54%	5.71%	6.20%

Correlation

The correlation between IWQU.L and JPLG.L is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.77

The correlation between IWQU.L and JPLG.L has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

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

Sectors	IWQU.L	JPLG.L
Technology	31.6%	10.7%
Financial Services	13.9%	11.3%
Industrials	10.6%	10.5%
Healthcare	9.4%	12.2%
Consumer Cyclical	8.9%	7.9%
Communication Services	8.6%	5.8%
Consumer Defensive	5.1%	8.4%
Energy	4.2%	8.4%
Basic Materials	3.2%	8.1%
Utilities	2.5%	9.3%
Real Estate	1.7%	7.5%

Return for Risk

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

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

IWQU.L

IWQU.L Risk / Return Rank: 56
IWQU.L Sharpe Ratio Rank: 54
IWQU.L Sortino Ratio Rank: 61
IWQU.L Omega Ratio Rank: 55
IWQU.L Calmar Ratio Rank: 50
IWQU.L Martin Ratio Rank: 58

JPLG.L

JPLG.L Risk / Return Rank: 84
JPLG.L Sharpe Ratio Rank: 88
JPLG.L Sortino Ratio Rank: 88
JPLG.L Omega Ratio Rank: 86
JPLG.L Calmar Ratio Rank: 80
JPLG.L Martin Ratio Rank: 79

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Quality Factor UCITS (IWQU.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.

	IWQU.L	JPLG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	2.37	-0.54
Sortino ratio: Return per unit of downside risk	2.83	3.46	-0.63
Omega ratio: Gain probability vs. loss probability	1.33	1.41	-0.08
Calmar ratio: Return relative to maximum drawdown	2.45	3.28	-0.83
Martin ratio: Return relative to average drawdown	10.14	12.30	-2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IWQU.L Sharpe Ratio is 1.83, which is comparable to the JPLG.L Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of IWQU.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.

Sharpe Ratios by Period

	IWQU.L	JPLG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	2.37	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.70	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.68	+0.11

Drawdowns

IWQU.L vs. JPLG.L - Drawdown Comparison

The maximum IWQU.L drawdown since its inception was -33.05%, smaller than the maximum JPLG.L drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for IWQU.L and JPLG.L.

Drawdown Indicators

	IWQU.L	JPLG.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.05%	-35.38%	+2.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.53%	-6.61%	-1.92%
Max Drawdown (3Y) Largest decline over 3 years	-16.09%	-12.54%	-3.55%
Max Drawdown (5Y) Largest decline over 5 years	-27.70%	-21.57%	-6.13%
Max Drawdown (10Y) Largest decline over 10 years	-33.05%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.69%	-4.51%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	1.77%	+0.30%

Volatility

IWQU.L vs. JPLG.L - Volatility Comparison

iShares MSCI World Quality Factor UCITS (IWQU.L) has a higher volatility of 3.18% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) at 2.31%. This indicates that IWQU.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

	IWQU.L	JPLG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	2.31%	+0.87%
Volatility (6M) Calculated over the trailing 6-month period	8.91%	6.90%	+2.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	9.16%	+2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.42%	13.19%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	15.83%	-0.02%

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

IWQU.L has a 0.30% expense ratio, which is higher than JPLG.L's 0.20% expense ratio.

Dividends

IWQU.L vs. JPLG.L - Dividend Comparison

Neither IWQU.L nor JPLG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

IWQU.L and JPLG.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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.

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

JPLG.L is cheaper with a 0.20% expense ratio, compared with 0.30% for IWQU.L.

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

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.30% for IWQU.L and 0.20% for JPLG.L.