IXUA.DE vs. JPGL.DE
IXUA.DE (iShares MSCI World ex-USA UCITS ETF USD Acc) and JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both Global Equities funds - IXUA.DE tracks the MSCI World ex USA while JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity. Both are passively managed. Over the past year, IXUA.DE returned 20.67% vs 19.90% for JPGL.DE. A 0.72 correlation means they provide meaningful diversification when combined. IXUA.DE charges 0.15%/yr vs 0.20%/yr for JPGL.DE.
Performance
IXUA.DE vs. JPGL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IXUA.DE achieves a 9.84% return, which is significantly lower than JPGL.DE's 11.57% return.
IXUA.DE
- 1D
- 0.20%
- 1M
- 1.58%
- YTD
- 9.84%
- 6M
- 11.80%
- 1Y
- 20.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPGL.DE
- 1D
- -0.10%
- 1M
- 2.54%
- YTD
- 11.57%
- 6M
- 11.95%
- 1Y
- 19.90%
- 3Y*
- 13.57%
- 5Y*
- 10.25%
- 10Y*
- —
IXUA.DE vs. JPGL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IXUA.DE iShares MSCI World ex-USA UCITS ETF USD Acc | 9.84% | 11.45% |
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 11.57% | 0.69% |
Correlation
The correlation between IXUA.DE and JPGL.DE 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 (All Time) Calculated using the full available price history since Jan 31, 2025 | 0.72 |
The correlation between IXUA.DE and JPGL.DE has been stable across timeframes, ranging from 0.72 to 0.72 - a consistent structural relationship.
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Return for Risk
IXUA.DE vs. JPGL.DE — Risk / Return Rank
IXUA.DE
JPGL.DE
IXUA.DE vs. JPGL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ex-USA UCITS ETF USD Acc (IXUA.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.
| IXUA.DE | JPGL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 4.10 | -1.66 |
| Martin ratioReturn relative to average drawdown | 9.50 | 15.50 | -6.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IXUA.DE | JPGL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.28 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.68 | +0.42 |
Drawdowns
IXUA.DE vs. JPGL.DE - Drawdown Comparison
The maximum IXUA.DE drawdown since its inception was -16.58%, smaller than the maximum JPGL.DE drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for IXUA.DE and JPGL.DE.
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Drawdown Indicators
| IXUA.DE | JPGL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -35.55% | +18.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -4.75% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.34% | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.10% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -4.81% | +2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.26% | +0.94% |
Volatility
IXUA.DE vs. JPGL.DE - Volatility Comparison
iShares MSCI World ex-USA UCITS ETF USD Acc (IXUA.DE) has a higher volatility of 3.28% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) at 2.06%. This indicates that IXUA.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
| IXUA.DE | JPGL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.06% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 6.02% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 8.55% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 11.86% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 15.01% | -0.27% |
IXUA.DE vs. JPGL.DE - Expense Ratio Comparison
IXUA.DE has a 0.15% expense ratio, which is lower than JPGL.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IXUA.DE vs. JPGL.DE - Dividend Comparison
Neither IXUA.DE nor JPGL.DE has paid dividends to shareholders.
Frequently Asked Questions
IXUA.DE and JPGL.DE 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.
On fees, IXUA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IXUA.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for JPGL.DE.
IXUA.DE tracks MSCI World ex USA, 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: 0.15% for IXUA.DE and 0.20% for JPGL.DE.
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