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JGRE.L vs. IWVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JGRE.L vs. IWVL.L

Last updated Jun 5, 2026

JGRE.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - JGRE.L tracks the MSCI ACWI NR USD while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 5 years, JGRE.L returned 13.30%/yr vs 17.54%/yr for IWVL.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

JGRE.L vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, JGRE.L achieves a 9.61% return, which is significantly lower than IWVL.L's 34.84% return.

JGRE.L

1D
0.12%
1M
4.66%
YTD
9.61%
6M
10.05%
1Y
26.28%
3Y*
17.09%
5Y*
13.30%
10Y*
—

IWVL.L

1D
-0.65%
1M
13.25%
YTD
34.84%
6M
37.26%
1Y
67.93%
3Y*
27.08%
5Y*
17.54%
10Y*
13.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JGRE.L vs. IWVL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
JGRE.L
JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)		9.61%11.65%20.63%18.59%-7.77%25.92%13.21%23.96%-6.01%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		34.84%30.41%6.96%13.56%0.94%21.25%-6.50%13.64%-7.62%

Correlation

The correlation between JGRE.L and IWVL.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

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.77

The correlation between JGRE.L and IWVL.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

JGRE.L vs. IWVL.L - Sectors Allocation Comparison

Sectors
JGRE.L
IWVL.L

Technology

28.6%
33.9%

Financial Services

15.4%
14.8%

Industrials

11.3%
11.3%

Consumer Cyclical

10.1%
7.9%

Communication Services

9.1%
7.6%

Healthcare

8.9%
8.8%

Consumer Defensive

4.6%
4.5%

Energy

4.2%
3.8%

Basic Materials

3.2%
3.0%

Utilities

2.9%
2.5%

Real Estate

1.7%
1.8%

Technology

JGRE.L
28.6%
IWVL.L
33.9%

Financial Services

JGRE.L
15.4%
IWVL.L
14.8%

Industrials

JGRE.L
11.3%
IWVL.L
11.3%

Consumer Cyclical

JGRE.L
10.1%
IWVL.L
7.9%

Communication Services

JGRE.L
9.1%
IWVL.L
7.6%

Healthcare

JGRE.L
8.9%
IWVL.L
8.8%

Consumer Defensive

JGRE.L
4.6%
IWVL.L
4.5%

Energy

JGRE.L
4.2%
IWVL.L
3.8%

Basic Materials

JGRE.L
3.2%
IWVL.L
3.0%

Utilities

JGRE.L
2.9%
IWVL.L
2.5%

Real Estate

JGRE.L
1.7%
IWVL.L
1.8%

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JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)

iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)

Often compared with JGRE.L:
JGRE.L vs. GIL5.LJGRE.L vs. GILS.LJGRE.L vs. JURE.LJGRE.L vs. BRK-BJGRE.L vs. JGGI.LJGRE.L vs. EMIM.LJGRE.L vs. QQQ
Often compared with IWVL.L:
IWVL.L vs. VWRA.LIWVL.L vs. IWDA.ASIWVL.L vs. IWQU.LIWVL.L vs. DFIVIWVL.L vs. VOOIWVL.L vs. URTHIWVL.L vs. VT

Return for Risk

JGRE.L vs. IWVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JGRE.L
JGRE.L Risk / Return Rank: 8181
Overall Rank
JGRE.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
JGRE.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
JGRE.L Omega Ratio Rank: 8383
Omega Ratio Rank
JGRE.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
JGRE.L Martin Ratio Rank: 8282
Martin Ratio Rank
IWVL.L
IWVL.L Risk / Return Rank: 9595
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9696
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
Martin Ratio Rank
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.

JGRE.L vs. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.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.

JGRE.LIWVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.59
4.57

-1.99

Sortino ratioReturn per unit of downside risk
3.55
6.12

-2.57

Omega ratioGain probability vs. loss probability

1.49

1.85

-0.36

Calmar ratioReturn relative to maximum drawdown

3.93

8.65

-4.71

Martin ratioReturn relative to average drawdown

16.25

36.16

-19.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGRE.L vs. IWVL.L - Sharpe Ratio Comparison

The current JGRE.L Sharpe Ratio is 2.59, which is lower than the IWVL.L Sharpe Ratio of 4.57. The chart below compares the historical Sharpe Ratios of JGRE.L and IWVL.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.

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Sharpe Ratios by Period

JGRE.LIWVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.59

4.57

-1.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

1.22

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.92

0.75

+0.17

Drawdowns

JGRE.L vs. IWVL.L - Drawdown Comparison

The maximum JGRE.L drawdown since its inception was -25.31%, smaller than the maximum IWVL.L drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for JGRE.L and IWVL.L.

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Drawdown Indicators

JGRE.LIWVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.31%

-28.56%

+3.25%

Max Drawdown (1Y)

Largest decline over 1 year

-6.65%

-7.82%

+1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-18.49%

-14.14%

-4.35%

Max Drawdown (5Y)

Largest decline over 5 years

-18.49%

-14.14%

-4.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.56%

—

Current Drawdown

Current decline from peak

-0.17%

-0.65%

+0.48%

Average Drawdown

Average peak-to-trough decline

-3.10%

-4.52%

+1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

1.87%

-0.26%

Volatility

JGRE.L vs. IWVL.L - Volatility Comparison

The current volatility for JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JGRE.L) is 2.48%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.16%. This indicates that JGRE.L experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JGRE.LIWVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.48%

6.16%

-3.68%

Volatility (6M)

Calculated over the trailing 6-month period

7.20%

12.58%

-5.38%

Volatility (1Y)

Calculated over the trailing 1-year period

10.12%

14.78%

-4.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.16%

14.34%

-1.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.06%

16.05%

-0.99%

JGRE.L vs. IWVL.L - Expense Ratio Comparison

Both JGRE.L and IWVL.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JGRE.L vs. IWVL.L - Dividend Comparison

Neither JGRE.L nor IWVL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

JGRE.L and IWVL.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.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

JGRE.L and IWVL.L have the same expense ratio: 0.25% per year.

JGRE.L tracks MSCI ACWI NR USD, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: JPMorgan and iShares.

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