JPGL.DE vs. AMEC.DE
JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, JPGL.DE returned 10.25%/yr vs 6.68%/yr for AMEC.DE. A 0.71 correlation means they provide meaningful diversification when combined. JPGL.DE charges 0.20%/yr vs 0.35%/yr for AMEC.DE.
Performance
JPGL.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPGL.DE achieves a 11.57% return, which is significantly lower than AMEC.DE's 30.58% return.
JPGL.DE
- 1D
- -0.10%
- 1M
- 2.54%
- YTD
- 11.57%
- 6M
- 11.95%
- 1Y
- 19.90%
- 3Y*
- 13.57%
- 5Y*
- 10.25%
- 10Y*
- —
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.00%
- YTD
- 30.58%
- 6M
- 28.27%
- 1Y
- 45.51%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
JPGL.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 11.57% | 5.18% | 16.53% | 9.74% | -4.98% | 33.79% | -3.55% | 3.32% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.62% |
Correlation
The correlation between JPGL.DE and AMEC.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.71 |
The correlation between JPGL.DE and AMEC.DE has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
JPGL.DE vs. AMEC.DE — Risk / Return Rank
JPGL.DE
AMEC.DE
JPGL.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) and Amundi Index Smart City UCITS ETF (AMEC.DE). 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.
| JPGL.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 5.09 | -0.99 |
| Martin ratioReturn relative to average drawdown | 15.50 | 16.11 | -0.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPGL.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.65 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.38 | +0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.44 | +0.24 |
Drawdowns
JPGL.DE vs. AMEC.DE - Drawdown Comparison
The maximum JPGL.DE drawdown since its inception was -35.55%, roughly equal to the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for JPGL.DE and AMEC.DE.
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Drawdown Indicators
| JPGL.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.55% | -35.49% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -9.02% | +4.27% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -24.98% | +7.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | -27.33% | +9.99% |
Current DrawdownCurrent decline from peak | -0.10% | -1.34% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -11.50% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.86% | -1.60% |
Volatility
JPGL.DE vs. AMEC.DE - Volatility Comparison
The current volatility for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) is 2.06%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that JPGL.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPGL.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 6.73% | -4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 13.09% | -7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 17.36% | -8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 17.51% | -5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 19.22% | -4.21% |
JPGL.DE vs. AMEC.DE - Expense Ratio Comparison
JPGL.DE has a 0.20% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
JPGL.DE vs. AMEC.DE - Dividend Comparison
Neither JPGL.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
JPGL.DE and AMEC.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPGL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPGL.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for AMEC.DE.
JPGL.DE tracks JP Morgan Diversified Factor Global Developed (Region Aware) Equity, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.20% for JPGL.DE and 0.35% for AMEC.DE.
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