JUKE.L vs. FWRG.L

Last updated Jun 26, 2026

JUKE.L (JPMorgan UK Equity Core UCITS ETF GBP (dist)) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - JUKE.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while FWRG.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, JUKE.L returned 16.11%/yr vs 402.39%/yr for FWRG.L. At a 0.40 correlation, their price movements are largely independent. JUKE.L charges 0.25%/yr vs 0.15%/yr for FWRG.L.

Performance

JUKE.L vs. FWRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan UK Equity Core UCITS ETF GBP (dist) (JUKE.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JUKE.L is traded in GBp, while FWRG.L is traded in USD. To make them comparable, the FWRG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, JUKE.L achieves a 7.14% return, which is significantly lower than FWRG.L's 13.88% return.

JUKE.L

• 1D: 0.00%
• 1M: -0.51%
• YTD: 7.14%
• 6M: 7.73%
• 1Y: 22.88%
• 3Y*: 16.11%
• 5Y*: —
• 10Y*: —

FWRG.L

• 1D: -0.66%
• 1M: 2.51%
• YTD: 13.88%
• 6M: 14.56%
• 1Y: 32.84%
• 3Y*: 402.39%
• 5Y*: —
• 10Y*: —

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

JUKE.L vs. FWRG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JUKE.L JPMorgan UK Equity Core UCITS ETF GBP (dist)	7.14%	25.12%	9.70%	6.44%
FWRG.L Invesco FTSE All-World UCITS ETF Acc	13.88%	5.73%	22.20%	8,517.88%

Correlation

The correlation between JUKE.L and FWRG.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.40

Return for Risk

JUKE.L vs. FWRG.L — Risk / Return Rank

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

JUKE.L

JUKE.L Risk / Return Rank: 65
JUKE.L Sharpe Ratio Rank: 72
JUKE.L Sortino Ratio Rank: 71
JUKE.L Omega Ratio Rank: 71
JUKE.L Calmar Ratio Rank: 58
JUKE.L Martin Ratio Rank: 54

FWRG.L

FWRG.L Risk / Return Rank: 88
FWRG.L Sharpe Ratio Rank: 90
FWRG.L Sortino Ratio Rank: 90
FWRG.L Omega Ratio Rank: 90
FWRG.L Calmar Ratio Rank: 84
FWRG.L Martin Ratio Rank: 86

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.

JUKE.L vs. FWRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan UK Equity Core UCITS ETF GBP (dist) (JUKE.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.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.

	JUKE.L	FWRG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.04	2.51	-0.47
Sortino ratio: Return per unit of downside risk	2.83	3.32	-0.49
Omega ratio: Gain probability vs. loss probability	1.37	1.45	-0.08
Calmar ratio: Return relative to maximum drawdown	2.57	4.88	-2.31
Martin ratio: Return relative to average drawdown	8.52	12.80	-4.28

JUKE.L vs. FWRG.L - Sharpe Ratio Comparison

The current JUKE.L Sharpe Ratio is 2.04, which is comparable to the FWRG.L Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of JUKE.L and FWRG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JUKE.L vs. FWRG.L - Drawdown Comparison

The maximum JUKE.L drawdown since its inception was -12.31%, smaller than the maximum FWRG.L drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for JUKE.L and FWRG.L.

Drawdown Indicators

	JUKE.L	FWRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-12.31%	-22.64%	+10.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-6.70%	-2.20%
Max Drawdown (3Y) Largest decline over 3 years	-12.31%	-22.64%	+10.33%
Current Drawdown Current decline from peak	-2.76%	-1.42%	-1.34%
Average Drawdown Average peak-to-trough decline	-2.21%	-4.20%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.56%	+0.13%

Volatility

JUKE.L vs. FWRG.L - Volatility Comparison

The current volatility for JPMorgan UK Equity Core UCITS ETF GBP (dist) (JUKE.L) is 2.96%, while Invesco FTSE All-World UCITS ETF Acc (FWRG.L) has a volatility of 3.93%. This indicates that JUKE.L experiences smaller price fluctuations and is considered to be less risky than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUKE.L	FWRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	3.93%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	9.53%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	13.01%	-1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.97%	4,460.84%	-4,448.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.97%	4,460.84%	-4,448.87%

JUKE.L vs. FWRG.L - Expense Ratio Comparison

JUKE.L has a 0.25% expense ratio, which is higher than FWRG.L's 0.15% 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

JUKE.L vs. FWRG.L - Dividend Comparison

JUKE.L's dividend yield for the trailing twelve months is around 2.84%, while FWRG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
FWRG.L Invesco FTSE All-World UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%
JUKE.L JPMorgan UK Equity Core UCITS ETF GBP (dist)	2.84%	2.79%	3.11%	2.94%	1.26%

Frequently Asked Questions

Can I hold both JUKE.L and FWRG.L in my portfolio?

JUKE.L and FWRG.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JUKE.L or FWRG.L?

On fees, FWRG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JUKE.L or FWRG.L?

FWRG.L is cheaper with a 0.15% expense ratio, compared with 0.25% for JUKE.L.

What is the main difference between JUKE.L and FWRG.L?

JUKE.L is categorized as Europe Equities, while FWRG.L is Global Equities. JUKE.L tracks FTSE AllSh TR GBP, while FWRG.L tracks FTSE All-World Index. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.25% for JUKE.L and 0.15% for FWRG.L.