PSWD.DE vs. JPGL.DE
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both Global Equities funds - PSWD.DE tracks the FTSE RAFI All-World 3000 while JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity. Both are passively managed. Over the past 5 years, PSWD.DE returned 13.34%/yr vs 10.25%/yr for JPGL.DE. Their correlation of 0.88 suggests significant overlap in exposure. PSWD.DE charges 0.39%/yr vs 0.20%/yr for JPGL.DE.
Performance
PSWD.DE vs. JPGL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PSWD.DE achieves a 16.46% return, which is significantly higher than JPGL.DE's 11.57% return.
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
JPGL.DE
- 1D
- -0.10%
- 1M
- 3.07%
- YTD
- 11.57%
- 6M
- 12.21%
- 1Y
- 19.57%
- 3Y*
- 13.57%
- 5Y*
- 10.25%
- 10Y*
- —
PSWD.DE vs. JPGL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 7.36% |
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 11.57% | 5.18% | 16.53% | 9.74% | -4.98% | 33.79% | -3.55% | 6.48% |
Correlation
The correlation between PSWD.DE and JPGL.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.88 |
The correlation between PSWD.DE and JPGL.DE has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
PSWD.DE vs. JPGL.DE — Risk / Return Rank
PSWD.DE
JPGL.DE
PSWD.DE vs. JPGL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.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.
| PSWD.DE | JPGL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.40 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 4.10 | +1.45 |
| Martin ratioReturn relative to average drawdown | 22.39 | 15.50 | +6.89 |
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
| PSWD.DE | JPGL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.28 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.85 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.68 | 0.00 |
Drawdowns
PSWD.DE vs. JPGL.DE - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, roughly equal to the maximum JPGL.DE drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and JPGL.DE.
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Drawdown Indicators
| PSWD.DE | JPGL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -35.55% | -0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -4.75% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -17.34% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -17.34% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.10% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.81% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.26% | +0.20% |
Volatility
PSWD.DE vs. JPGL.DE - Volatility Comparison
Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a higher volatility of 3.08% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) at 2.06%. This indicates that PSWD.DE's price experiences larger fluctuations and is considered to be riskier than JPGL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSWD.DE | JPGL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.06% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 6.02% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 8.55% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 11.86% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 15.01% | +0.18% |
PSWD.DE vs. JPGL.DE - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is higher than JPGL.DE's 0.20% expense ratio.
Dividends
PSWD.DE vs. JPGL.DE - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, while JPGL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPGL.DE JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
PSWD.DE and JPGL.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPGL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPGL.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for PSWD.DE.
PSWD.DE tracks FTSE RAFI All-World 3000, while JPGL.DE tracks JP Morgan Diversified Factor Global Developed (Region Aware) Equity. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.39% for PSWD.DE and 0.20% for JPGL.DE.
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