JRUD.L vs. IWVG.L
JRUD.L (JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist)) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds. JRUD.L is actively managed, while IWVG.L is passively managed. Over the past 5 years, JRUD.L returned 13.07%/yr vs 16.55%/yr for IWVG.L. A 0.65 correlation means they provide meaningful diversification when combined. JRUD.L charges 0.20%/yr vs 0.30%/yr for IWVG.L.
Performance
JRUD.L vs. IWVG.L - Performance Comparison
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Different Trading Currencies
JRUD.L is traded in USD, while IWVG.L is traded in GBP. To make them comparable, the IWVG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRUD.L achieves a 9.80% return, which is significantly lower than IWVG.L's 29.21% return.
JRUD.L
- 1D
- 0.14%
- 1M
- 0.26%
- 6M
- 9.85%
- YTD
- 9.80%
- 1Y
- 20.83%
- 3Y*
- 19.58%
- 5Y*
- 13.07%
- 10Y*
- —
IWVG.L
- 1D
- -1.38%
- 1M
- -4.12%
- 6M
- 25.30%
- YTD
- 29.21%
- 1Y
- 56.72%
- 3Y*
- 26.65%
- 5Y*
- 16.55%
- 10Y*
- —
JRUD.L vs. IWVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JRUD.L JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) | 9.80% | 16.18% | 25.22% | 28.37% | -19.11% | 30.16% | 19.94% | 1.36% |
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 29.21% | 41.17% | 4.80% | 19.04% | -9.76% | 20.14% | -4.01% | 1.36% |
Correlation
The correlation between JRUD.L and IWVG.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019 | 0.65 |
The correlation between JRUD.L and IWVG.L has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
JRUD.L vs. IWVG.L — Risk / Return Rank
JRUD.L
IWVG.L
JRUD.L vs. IWVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JRUD.L) and iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.
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.
| JRUD.L | IWVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.60 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 6.55 | -3.98 |
| Martin ratioReturn relative to average drawdown | 10.68 | 23.13 | -12.44 |
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Drawdowns
JRUD.L vs. IWVG.L - Drawdown Comparison
The maximum JRUD.L drawdown since its inception was -34.49%, roughly equal to the maximum IWVG.L drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for JRUD.L and IWVG.L.
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Drawdown Indicators
| JRUD.L | IWVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.49% | -35.79% | +1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.38% | -8.62% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -14.64% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | -26.94% | +2.83% |
Current DrawdownCurrent decline from peak | -0.40% | -4.24% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -6.64% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.45% | -0.43% |
Volatility
JRUD.L vs. IWVG.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) (JRUD.L) is 2.96%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 6.03%. This indicates that JRUD.L experiences smaller price fluctuations and is considered to be less risky than IWVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRUD.L | IWVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 6.03% | -3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 13.95% | -4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 16.24% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 15.95% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 17.66% | +2.18% |
JRUD.L vs. IWVG.L - Expense Ratio Comparison
JRUD.L has a 0.20% expense ratio, which is lower than IWVG.L's 0.30% expense ratio.
Dividends
JRUD.L vs. IWVG.L - Dividend Comparison
JRUD.L's dividend yield for the trailing twelve months is around 0.67%, less than IWVG.L's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVG.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.48% | 3.12% | 3.22% | 3.11% | 2.61% | 2.37% | 2.90% | 2.48% |
JRUD.L JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity Active UCITS ETF - USD (dist) | 0.67% | 0.52% | 0.50% | 0.83% | 1.08% | 0.85% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRUD.L and IWVG.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRUD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRUD.L is cheaper with a 0.20% expense ratio, compared with 0.30% for IWVG.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.20% for JRUD.L and 0.30% for IWVG.L.
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