JPGL.DE vs. MWOP.DE

Last updated Jun 5, 2026

JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) are both Global Equities funds - JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity while MWOP.DE tracks the MSCI World ESG Leaders Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, JPGL.DE returned 10.25%/yr vs 12.63%/yr for MWOP.DE. Their correlation of 0.84 suggests significant overlap in exposure. JPGL.DE charges 0.20%/yr vs 0.18%/yr for MWOP.DE.

Performance

JPGL.DE vs. MWOP.DE - 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 Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JPGL.DE having a 11.57% return and MWOP.DE slightly lower at 11.41%.

JPGL.DE

• 1D: -0.10%
• 1M: 2.54%
• YTD: 11.57%
• 6M: 11.95%
• 1Y: 19.90%
• 3Y*: 13.57%
• 5Y*: 10.25%
• 10Y*: —

MWOP.DE

• 1D: 0.31%
• 1M: 4.70%
• YTD: 11.41%
• 6M: 11.86%
• 1Y: 25.23%
• 3Y*: 17.27%
• 5Y*: 12.63%
• 10Y*: —

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

JPGL.DE vs. MWOP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	11.57%	5.18%	16.53%	9.74%	-4.98%	33.79%	8.52%
MWOP.DE Amundi MSCI World ESG Leaders UCITS ETF Acc	11.41%	7.50%	23.56%	21.34%	-15.58%	36.13%	10.73%

Correlation

The correlation between JPGL.DE and MWOP.DE is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since May 29, 2020	0.84

The correlation between JPGL.DE and MWOP.DE shifts across timeframes, from 0.68 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JPGL.DE vs. MWOP.DE — 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

MWOP.DE

MWOP.DE Risk / Return Rank: 60
MWOP.DE Sharpe Ratio Rank: 62
MWOP.DE Sortino Ratio Rank: 63
MWOP.DE Omega Ratio Rank: 62
MWOP.DE Calmar Ratio Rank: 55
MWOP.DE Martin Ratio Rank: 59

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. MWOP.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 MSCI World ESG Leaders UCITS ETF Acc (MWOP.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	MWOP.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.04	+0.24
Sortino ratio: Return per unit of downside risk	3.23	2.90	+0.33
Omega ratio: Gain probability vs. loss probability	1.40	1.37	+0.03
Calmar ratio: Return relative to maximum drawdown	4.10	2.71	+1.40
Martin ratio: Return relative to average drawdown	15.50	10.38	+5.13
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. MWOP.DE - Sharpe Ratio Comparison

The current JPGL.DE Sharpe Ratio is 2.28, which is comparable to the MWOP.DE Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of JPGL.DE and MWOP.DE, 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	MWOP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.04	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.85	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.99	-0.31

Drawdowns

JPGL.DE vs. MWOP.DE - Drawdown Comparison

The maximum JPGL.DE drawdown since its inception was -35.55%, which is greater than MWOP.DE's maximum drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for JPGL.DE and MWOP.DE.

Drawdown Indicators

	JPGL.DE	MWOP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.55%	-21.85%	-13.70%
Max Drawdown (1Y) Largest decline over 1 year	-4.75%	-9.30%	+4.55%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-21.85%	+4.51%
Max Drawdown (5Y) Largest decline over 5 years	-17.34%	-21.85%	+4.51%
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-4.81%	-4.44%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.26%	2.43%	-1.17%

Volatility

JPGL.DE vs. MWOP.DE - Volatility Comparison

The current volatility for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) is 2.06%, while Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) has a volatility of 3.06%. This indicates that JPGL.DE experiences smaller price fluctuations and is considered to be less risky than MWOP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPGL.DE	MWOP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	3.06%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	6.02%	8.98%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	8.55%	12.32%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.86%	14.62%	-2.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	14.74%	+0.27%

JPGL.DE vs. MWOP.DE - Expense Ratio Comparison

JPGL.DE has a 0.20% expense ratio, which is higher than MWOP.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JPGL.DE vs. MWOP.DE - Dividend Comparison

Neither JPGL.DE nor MWOP.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

JPGL.DE and MWOP.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPGL.DE or MWOP.DE?

On fees, MWOP.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPGL.DE or MWOP.DE?

MWOP.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for JPGL.DE.

What is the main difference between JPGL.DE and MWOP.DE?

JPGL.DE tracks JP Morgan Diversified Factor Global Developed (Region Aware) Equity, while MWOP.DE tracks MSCI World ESG Leaders Select 5% Issuer Capped. They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.20% for JPGL.DE and 0.18% for MWOP.DE.