JPCT.L vs. IWVL.L
JPCT.L (JPM Carbon Transition Global Equity (CTB) UCITS ETF USD (Acc)) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both Global Equities funds - JPCT.L tracks the Solactive J.P. Morgan Asset Management Carbon Transition Global Equity CTB Index while IWVL.L tracks the MSCI World Enhanced Value Index. Both are passively managed. Over the past 5 years, JPCT.L returned 10.20%/yr vs 16.15%/yr for IWVL.L. Their correlation of 0.83 suggests significant overlap in exposure. JPCT.L charges 0.19%/yr vs 0.25%/yr for IWVL.L.
Performance
JPCT.L vs. IWVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPCT.L achieves a 6.18% return, which is significantly lower than IWVL.L's 27.44% return.
JPCT.L
- 1D
- -1.27%
- 1M
- -0.36%
- 6M
- 4.66%
- YTD
- 6.18%
- 1Y
- 16.45%
- 3Y*
- 16.26%
- 5Y*
- 10.20%
- 10Y*
- —
IWVL.L
- 1D
- -0.51%
- 1M
- -5.00%
- 6M
- 23.16%
- YTD
- 27.44%
- 1Y
- 54.19%
- 3Y*
- 25.54%
- 5Y*
- 16.15%
- 10Y*
- 12.31%
JPCT.L vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPCT.L JPM Carbon Transition Global Equity (CTB) UCITS ETF USD (Acc) | 6.18% | 19.79% | 17.53% | 23.63% | -18.49% | 23.68% | 10.79% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 27.44% | 40.42% | 5.13% | 19.53% | -9.79% | 20.11% | 16.34% |
Correlation
The correlation between JPCT.L and IWVL.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2020 | 0.83 |
The correlation between JPCT.L and IWVL.L has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
JPCT.L vs. IWVL.L — Risk / Return Rank
JPCT.L
IWVL.L
JPCT.L vs. IWVL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM Carbon Transition Global Equity (CTB) UCITS ETF USD (Acc) (JPCT.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.
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.
| JPCT.L | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.56 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 6.17 | -4.57 |
| Martin ratioReturn relative to average drawdown | 6.76 | 20.77 | -14.01 |
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Drawdowns
JPCT.L vs. IWVL.L - Drawdown Comparison
The maximum JPCT.L drawdown since its inception was -26.59%, smaller than the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for JPCT.L and IWVL.L.
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Drawdown Indicators
| JPCT.L | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.59% | -39.30% | +12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -8.74% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -17.82% | -14.46% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -26.59% | -26.55% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.30% | — |
Current DrawdownCurrent decline from peak | -1.27% | -5.96% | +4.69% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -7.44% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.60% | -0.17% |
Volatility
JPCT.L vs. IWVL.L - Volatility Comparison
The current volatility for JPM Carbon Transition Global Equity (CTB) UCITS ETF USD (Acc) (JPCT.L) is 3.38%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.01%. This indicates that JPCT.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
| JPCT.L | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 6.01% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.74% | 14.90% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 17.03% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 16.28% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 16.90% | -1.57% |
JPCT.L vs. IWVL.L - Expense Ratio Comparison
JPCT.L has a 0.19% expense ratio, which is lower than IWVL.L's 0.25% 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
JPCT.L vs. IWVL.L - Dividend Comparison
Neither JPCT.L nor IWVL.L has paid dividends to shareholders.
Frequently Asked Questions
JPCT.L and IWVL.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPCT.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPCT.L is cheaper with a 0.19% expense ratio, compared with 0.25% for IWVL.L.
JPCT.L tracks Solactive J.P. Morgan Asset Management Carbon Transition Global Equity CTB Index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for JPCT.L and 0.25% for IWVL.L.
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