JGEP.L vs. IWVG.L
JGEP.L (JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged () and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds. JGEP.L is actively managed, while IWVG.L is passively managed. Over the past 3 years, JGEP.L returned 18.83%/yr vs 25.26%/yr for IWVG.L. A 0.67 correlation means they provide meaningful diversification when combined. JGEP.L charges 0.25%/yr vs 0.30%/yr for IWVG.L.
Performance
JGEP.L vs. IWVG.L - Performance Comparison
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Different Trading Currencies
JGEP.L is traded in GBp, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JGEP.L achieves a 10.38% return, which is significantly lower than IWVG.L's 28.47% return.
JGEP.L
- 1D
- -0.17%
- 1M
- 0.49%
- 6M
- 9.30%
- YTD
- 10.38%
- 1Y
- 22.06%
- 3Y*
- 18.83%
- 5Y*
- —
- 10Y*
- —
IWVG.L
- 1D
- -2.49%
- 1M
- -4.98%
- 6M
- 24.42%
- YTD
- 28.47%
- 1Y
- 54.93%
- 3Y*
- 25.26%
- 5Y*
- 16.93%
- 10Y*
- —
JGEP.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JGEP.L JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged ( | 10.38% | 17.65% | 20.96% | 24.74% | -17.30% | 1.73% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 28.47% | 31.27% | 6.58% | 13.08% | 1.04% | 0.02% |
Correlation
The correlation between JGEP.L and IWVG.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 (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.67 |
The correlation between JGEP.L and IWVG.L has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
JGEP.L vs. IWVG.L — Risk / Return Rank
JGEP.L
IWVG.L
JGEP.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged ( (JGEP.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.
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.
| JGEP.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.67 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 7.82 | -4.90 |
| Martin ratioReturn relative to average drawdown | 12.41 | 25.39 | -12.98 |
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Drawdowns
JGEP.L vs. IWVG.L - Drawdown Comparison
The maximum JGEP.L drawdown since its inception was -22.38%, smaller than the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for JGEP.L and IWVG.L.
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Drawdown Indicators
| JGEP.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.38% | -28.07% | +5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -6.99% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -13.92% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.92% | — |
Current DrawdownCurrent decline from peak | -0.17% | -6.26% | +6.09% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -4.29% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.16% | -0.33% |
Volatility
JGEP.L vs. IWVG.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged ( (JGEP.L) is 2.61%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.15%. This indicates that JGEP.L experiences smaller price fluctuations and is considered to be less risky than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGEP.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 6.15% | -3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 13.11% | -4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 14.94% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 13.44% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 15.68% | -0.19% |
JGEP.L vs. IWVG.L - Expense Ratio Comparison
JGEP.L has a 0.25% expense ratio, which is lower than IWVG.L's 0.30% expense ratio.
Dividends
JGEP.L vs. IWVG.L - Dividend Comparison
JGEP.L has not paid dividends to shareholders, while IWVG.L's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
JGEP.L JPMorgan ETFs (Ireland) ICAV - Global Research Enhanced Index Equity Active UCITS ETF - GBP Hedged ( | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JGEP.L and IWVG.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.
On fees, JGEP.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JGEP.L is cheaper with a 0.25% expense ratio, compared with 0.30% for IWVG.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JGEP.L and 0.30% for IWVG.L.
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