JGEP.L vs. MVOL.L
JGEP.L (JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc)) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds. JGEP.L is actively managed, while MVOL.L is passively managed. Over the past 3 years, JGEP.L returned 18.19%/yr vs 8.03%/yr for MVOL.L. At a 0.37 correlation, their price movements are largely independent. JGEP.L charges 0.25%/yr vs 0.35%/yr for MVOL.L.
Performance
JGEP.L vs. MVOL.L - Performance Comparison
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Different Trading Currencies
JGEP.L is traded in GBp, while MVOL.L is traded in USD. To make them comparable, the MVOL.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 9.27% return, which is significantly higher than MVOL.L's 2.74% return.
JGEP.L
- 1D
- -1.13%
- 1M
- -0.51%
- 6M
- 7.68%
- YTD
- 9.27%
- 1Y
- 20.40%
- 3Y*
- 18.19%
- 5Y*
- —
- 10Y*
- —
MVOL.L
- 1D
- 0.82%
- 1M
- 0.73%
- 6M
- 2.28%
- YTD
- 2.74%
- 1Y
- 4.39%
- 3Y*
- 8.03%
- 5Y*
- 5.58%
- 10Y*
- 6.55%
JGEP.L vs. MVOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JGEP.L JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) | 9.27% | 17.65% | 20.96% | 24.74% | -17.30% | 1.73% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 2.74% | 3.11% | 13.02% | 1.92% | 1.12% | 0.97% |
Correlation
The correlation between JGEP.L and MVOL.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.37 |
Over the past year, the correlation between JGEP.L and MVOL.L has dropped to 0.11 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
JGEP.L vs. MVOL.L — Risk / Return Rank
JGEP.L
MVOL.L
JGEP.L vs. MVOL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) (JGEP.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.09 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 0.74 | +1.88 |
| Martin ratioReturn relative to average drawdown | 11.14 | 1.79 | +9.35 |
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Drawdowns
JGEP.L vs. MVOL.L - Drawdown Comparison
The maximum JGEP.L drawdown since its inception was -22.38%, which is greater than MVOL.L's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for JGEP.L and MVOL.L.
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Drawdown Indicators
| JGEP.L | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.38% | -20.24% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -5.89% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -8.79% | -8.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.24% | — |
Current DrawdownCurrent decline from peak | -1.18% | -1.82% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -3.61% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.45% | -0.62% |
Volatility
JGEP.L vs. MVOL.L - Volatility Comparison
The current volatility for JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) (JGEP.L) is 2.84%, while iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) has a volatility of 3.45%. This indicates that JGEP.L experiences smaller price fluctuations and is considered to be less risky than MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 3.45% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 7.47% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 9.22% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 10.71% | +4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 12.18% | +3.31% |
JGEP.L vs. MVOL.L - Expense Ratio Comparison
JGEP.L has a 0.25% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.
Dividends
JGEP.L vs. MVOL.L - Dividend Comparison
Neither JGEP.L nor MVOL.L has paid dividends to shareholders.
Frequently Asked Questions
JGEP.L and MVOL.L have a correlation of 0.11, 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 0.35% for MVOL.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JGEP.L and 0.35% for MVOL.L.
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