JPGL.DE vs. DFAAX

Last updated Jun 5, 2026

JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and DFAAX (DFA Global Core Plus Real Return Portfolio) are both funds - JPGL.DE is a Global Equities fund tracking the JP Morgan Diversified Factor Global Developed (Region Aware) Equity, while DFAAX is a Inflation-Protected Bonds fund managed by Dimensional. Over the past 5 years, JPGL.DE returned 10.25%/yr vs 6.15%/yr for DFAAX. At a 0.26 correlation, their price movements are largely independent. JPGL.DE charges 0.20%/yr vs 0.29%/yr for DFAAX.

Performance

JPGL.DE vs. DFAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) and DFA Global Core Plus Real Return Portfolio (DFAAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JPGL.DE is traded in EUR, while DFAAX is traded in USD. To make them comparable, the DFAAX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, JPGL.DE achieves a 11.57% return, which is significantly higher than DFAAX's 4.07% return.

JPGL.DE

• 1D: -0.10%
• 1M: 3.07%
• YTD: 11.57%
• 6M: 12.21%
• 1Y: 19.57%
• 3Y*: 13.57%
• 5Y*: 10.25%
• 10Y*: —

DFAAX

• 1D: -0.03%
• 1M: 1.42%
• YTD: 4.07%
• 6M: 2.73%
• 1Y: 3.13%
• 3Y*: 3.34%
• 5Y*: 6.15%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPGL.DE vs. DFAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	11.57%	5.18%	16.53%	9.74%	-4.98%	15.78%
DFAAX DFA Global Core Plus Real Return Portfolio	4.07%	-7.30%	11.30%	6.21%	-8.04%	27.24%

Correlation

The correlation between JPGL.DE and DFAAX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 6, 2021	0.26

Return for Risk

JPGL.DE vs. DFAAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPGL.DE

JPGL.DE Risk / Return Rank: 74
JPGL.DE Sharpe Ratio Rank: 71
JPGL.DE Sortino Ratio Rank: 73
JPGL.DE Omega Ratio Rank: 69
JPGL.DE Calmar Ratio Rank: 80
JPGL.DE Martin Ratio Rank: 80

DFAAX

DFAAX Risk / Return Rank: 33
DFAAX Sharpe Ratio Rank: 33
DFAAX Sortino Ratio Rank: 33
DFAAX Omega Ratio Rank: 38
DFAAX Calmar Ratio Rank: 29
DFAAX Martin Ratio Rank: 31

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.

JPGL.DE vs. DFAAX - 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 DFA Global Core Plus Real Return Portfolio (DFAAX). 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	DFAAX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	0.46	+1.82
Sortino ratio: Return per unit of downside risk	3.23	0.67	+2.56
Omega ratio: Gain probability vs. loss probability	1.40	1.09	+0.31
Calmar ratio: Return relative to maximum drawdown	4.10	0.70	+3.40
Martin ratio: Return relative to average drawdown	15.50	1.80	+13.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPGL.DE vs. DFAAX - Sharpe Ratio Comparison

The current JPGL.DE Sharpe Ratio is 2.28, which is higher than the DFAAX Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of JPGL.DE and DFAAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPGL.DE	DFAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	0.46	+1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.59	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.56	+0.12

Drawdowns

JPGL.DE vs. DFAAX - Drawdown Comparison

The maximum JPGL.DE drawdown since its inception was -35.55%, which is greater than DFAAX's maximum drawdown of -13.69%. Use the drawdown chart below to compare losses from any high point for JPGL.DE and DFAAX.

Drawdown Indicators

	JPGL.DE	DFAAX	Difference
Max Drawdown Largest peak-to-trough decline	-35.55%	-13.69%	-21.86%
Max Drawdown (1Y) Largest decline over 1 year	-4.75%	-4.26%	-0.49%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-11.57%	-5.77%
Max Drawdown (5Y) Largest decline over 5 years	-17.34%	-13.69%	-3.65%
Current Drawdown Current decline from peak	-0.10%	-5.82%	+5.72%
Average Drawdown Average peak-to-trough decline	-4.81%	-5.84%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	1.74%	-0.48%

Volatility

JPGL.DE vs. DFAAX - Volatility Comparison

JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) has a higher volatility of 2.06% compared to DFA Global Core Plus Real Return Portfolio (DFAAX) at 0.99%. This indicates that JPGL.DE's price experiences larger fluctuations and is considered to be riskier than DFAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPGL.DE	DFAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	0.99%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	6.02%	4.33%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	8.55%	6.50%	+2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.86%	10.57%	+1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	10.51%	+4.50%

JPGL.DE vs. DFAAX - Expense Ratio Comparison

JPGL.DE has a 0.20% expense ratio, which is lower than DFAAX's 0.29% expense ratio.

Dividends

JPGL.DE vs. DFAAX - Dividend Comparison

JPGL.DE has not paid dividends to shareholders, while DFAAX's dividend yield for the trailing twelve months is around 3.38%.

Position	TTM	2025	2024	2023	2022	2021
DFAAX DFA Global Core Plus Real Return Portfolio	3.38%	2.90%	4.09%	3.96%	2.06%	13.05%
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPGL.DE and DFAAX in my portfolio?

JPGL.DE and DFAAX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.