JPGL.DE vs. UETW.DE
JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, JPGL.DE returned 10.67%/yr vs 12.27%/yr for UETW.DE. Their correlation of 0.87 suggests significant overlap in exposure. JPGL.DE charges 0.20%/yr vs 0.10%/yr for UETW.DE.
Performance
JPGL.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPGL.DE achieves a 14.83% return, which is significantly higher than UETW.DE's 11.10% return.
JPGL.DE
- 1D
- 0.58%
- 1M
- 3.41%
- YTD
- 14.83%
- 6M
- 15.51%
- 1Y
- 25.01%
- 3Y*
- 15.02%
- 5Y*
- 10.67%
- 10Y*
- —
UETW.DE
- 1D
- -0.57%
- 1M
- 0.81%
- YTD
- 11.10%
- 6M
- 11.19%
- 1Y
- 24.89%
- 3Y*
- 18.08%
- 5Y*
- 12.27%
- 10Y*
- —
JPGL.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 14.83% | 5.19% | 16.53% | 9.72% | -4.98% | 33.81% | -3.57% | 6.77% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.10% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 8.27% |
Correlation
The correlation between JPGL.DE and UETW.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019 | 0.87 |
The correlation between JPGL.DE and UETW.DE shifts across timeframes, from 0.68 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPGL.DE vs. UETW.DE — Risk / Return Rank
JPGL.DE
UETW.DE
JPGL.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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.
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.
| JPGL.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.41 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 3.72 | +1.52 |
| Martin ratioReturn relative to average drawdown | 20.51 | 14.55 | +5.96 |
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Drawdowns
JPGL.DE vs. UETW.DE - Drawdown Comparison
The maximum JPGL.DE drawdown since its inception was -35.54%, which is greater than UETW.DE's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for JPGL.DE and UETW.DE.
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Drawdown Indicators
| JPGL.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -33.74% | -1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.76% | -6.67% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -21.32% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | -21.32% | +3.98% |
Current DrawdownCurrent decline from peak | 0.00% | -0.69% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -5.01% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.71% | -0.49% |
Volatility
JPGL.DE vs. UETW.DE - Volatility Comparison
The current volatility for JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) is 2.00%, while UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) has a volatility of 2.95%. This indicates that JPGL.DE experiences smaller price fluctuations and is considered to be less risky than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 2.95% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 7.98% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.63% | 11.18% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 14.06% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.94% | 16.60% | -1.66% |
JPGL.DE vs. UETW.DE - Expense Ratio Comparison
JPGL.DE has a 0.20% expense ratio, which is higher than UETW.DE's 0.10% 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. UETW.DE - Dividend Comparison
Neither JPGL.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
JPGL.DE and UETW.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.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for JPGL.DE.
JPGL.DE tracks JP Morgan Diversified Factor Global Developed (Region Aware) Equity, while UETW.DE tracks MSCI World. They also come from different issuers: JPMorgan and UBS. Their fees differ too: 0.20% for JPGL.DE and 0.10% for UETW.DE.
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