JGEP.L vs. WMVG.L
JGEP.L (JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc)) and WMVG.L (iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc)) are both Global Equities funds. JGEP.L is actively managed, while WMVG.L is passively managed. Over the past 3 years, JGEP.L returned 18.19%/yr vs 10.23%/yr for WMVG.L. A 0.64 correlation means they provide meaningful diversification when combined. JGEP.L charges 0.25%/yr vs 0.35%/yr for WMVG.L.
Performance
JGEP.L vs. WMVG.L - Performance Comparison
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Different Trading Currencies
JGEP.L is traded in GBp, while WMVG.L is traded in GBP. To make them comparable, the WMVG.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 WMVG.L's 3.90% return.
JGEP.L
- 1D
- -1.13%
- 1M
- -0.51%
- 6M
- 7.68%
- YTD
- 9.27%
- 1Y
- 20.40%
- 3Y*
- 18.19%
- 5Y*
- —
- 10Y*
- —
WMVG.L
- 1D
- 0.73%
- 1M
- 2.48%
- 6M
- 3.77%
- YTD
- 3.90%
- 1Y
- 6.45%
- 3Y*
- 10.23%
- 5Y*
- 6.08%
- 10Y*
- —
JGEP.L vs. WMVG.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% |
WMVG.L iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) | 3.90% | 9.07% | 14.47% | 7.36% | -8.31% | 2.89% |
Correlation
The correlation between JGEP.L and WMVG.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | 0.64 |
Over the past year, the correlation between JGEP.L and WMVG.L has dropped to 0.32 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
JGEP.L vs. WMVG.L — Risk / Return Rank
JGEP.L
WMVG.L
JGEP.L vs. WMVG.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 ETF GBP Hedged (Acc) (WMVG.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 | WMVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.16 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.30 | +1.32 |
| Martin ratioReturn relative to average drawdown | 11.14 | 2.95 | +8.19 |
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Drawdowns
JGEP.L vs. WMVG.L - Drawdown Comparison
The maximum JGEP.L drawdown since its inception was -22.38%, smaller than the maximum WMVG.L drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for JGEP.L and WMVG.L.
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Drawdown Indicators
| JGEP.L | WMVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.38% | -28.25% | +5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -4.93% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -17.66% | -9.07% | -8.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.18% | — |
Current DrawdownCurrent decline from peak | -1.18% | -0.72% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -4.08% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.18% | -0.35% |
Volatility
JGEP.L vs. WMVG.L - Volatility Comparison
JPM Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (Acc) (JGEP.L) has a higher volatility of 2.84% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF GBP Hedged (Acc) (WMVG.L) at 2.20%. This indicates that JGEP.L's price experiences larger fluctuations and is considered to be riskier than WMVG.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 | WMVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 2.20% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 5.51% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 7.45% | +4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 10.00% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.49% | 12.09% | +3.40% |
JGEP.L vs. WMVG.L - Expense Ratio Comparison
JGEP.L has a 0.25% expense ratio, which is lower than WMVG.L's 0.35% expense ratio.
Dividends
JGEP.L vs. WMVG.L - Dividend Comparison
Neither JGEP.L nor WMVG.L has paid dividends to shareholders.
Frequently Asked Questions
JGEP.L and WMVG.L have a correlation of 0.32, 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 WMVG.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JGEP.L and 0.35% for WMVG.L.
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