JPGL.DE vs. MWEQ.L
JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and MWEQ.L (Invesco MSCI World Equal Weight UCITS ETF Acc) are both Global Equities funds - JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity while MWEQ.L tracks the MSCI World Equal Weighted Net Total Return USD Index. Both are passively managed. Over the past year, JPGL.DE returned 19.90% vs 16.76% for MWEQ.L. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
JPGL.DE vs. MWEQ.L - Performance Comparison
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Different Trading Currencies
JPGL.DE is traded in EUR, while MWEQ.L is traded in USD. To make them comparable, the MWEQ.L 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 MWEQ.L's 9.21% 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*
- —
MWEQ.L
- 1D
- 0.14%
- 1M
- 2.97%
- YTD
- 9.21%
- 6M
- 9.67%
- 1Y
- 16.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPGL.DE vs. MWEQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 11.57% | 5.18% | 3.03% |
MWEQ.L Invesco MSCI World Equal Weight UCITS ETF Acc | 9.22% | 7.49% | 7.12% |
Correlation
The correlation between JPGL.DE and MWEQ.L is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.75 |
The correlation between JPGL.DE and MWEQ.L has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
JPGL.DE vs. MWEQ.L — Risk / Return Rank
JPGL.DE
MWEQ.L
JPGL.DE vs. MWEQ.L - 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 Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.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.
| JPGL.DE | MWEQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.26 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 2.68 | +1.42 |
| Martin ratioReturn relative to average drawdown | 15.50 | 9.70 | +5.81 |
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 | MWEQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.40 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.00 | -0.32 |
Drawdowns
JPGL.DE vs. MWEQ.L - Drawdown Comparison
The maximum JPGL.DE drawdown since its inception was -35.55%, which is greater than MWEQ.L's maximum drawdown of -16.80%. Use the drawdown chart below to compare losses from any high point for JPGL.DE and MWEQ.L.
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Drawdown Indicators
| JPGL.DE | MWEQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.55% | -16.80% | -18.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -6.22% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.03% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -2.45% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.72% | -0.46% |
Volatility
JPGL.DE vs. MWEQ.L - Volatility Comparison
The current volatility for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) is 2.06%, while Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) has a volatility of 2.86%. This indicates that JPGL.DE experiences smaller price fluctuations and is considered to be less risky than MWEQ.L 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 | MWEQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.06% | 2.86% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 9.37% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 11.90% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 14.07% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 14.07% | +0.94% |
JPGL.DE vs. MWEQ.L - Expense Ratio Comparison
Both JPGL.DE and MWEQ.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JPGL.DE vs. MWEQ.L - Dividend Comparison
Neither JPGL.DE nor MWEQ.L has paid dividends to shareholders.
Frequently Asked Questions
JPGL.DE and MWEQ.L have a correlation of 0.73, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JPGL.DE and MWEQ.L have the same expense ratio: 0.20% per year.
JPGL.DE tracks JP Morgan Diversified Factor Global Developed (Region Aware) Equity, while MWEQ.L tracks MSCI World Equal Weighted Net Total Return USD Index. They also come from different issuers: JPMorgan and Invesco.
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