SPAG.L vs. JPLG.L
SPAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and JPLG.L (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both exchange-traded funds - SPAG.L is a Materials fund tracking the S&P Commodity Producers Agribusiness Index NTR, while JPLG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, SPAG.L returned 5.31%/yr vs 10.32%/yr for JPLG.L. A 0.72 correlation means they provide meaningful diversification when combined. SPAG.L charges 0.55%/yr vs 0.20%/yr for JPLG.L.
Performance
SPAG.L vs. JPLG.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPAG.L having a 13.12% return and JPLG.L slightly lower at 12.56%.
SPAG.L
- 1D
- 0.79%
- 1M
- 2.73%
- 6M
- 6.06%
- YTD
- 13.12%
- 1Y
- 16.53%
- 3Y*
- 4.27%
- 5Y*
- 5.31%
- 10Y*
- 7.13%
JPLG.L
- 1D
- 0.36%
- 1M
- 0.21%
- 6M
- 9.05%
- YTD
- 12.56%
- 1Y
- 21.60%
- 3Y*
- 14.31%
- 5Y*
- 10.32%
- 10Y*
- —
SPAG.L vs. JPLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPAG.L iShares Agribusiness UCITS ETF USD (Acc) | 13.12% | 8.75% | -4.21% | -13.78% | 15.09% | 24.65% | 6.64% | -1.83% |
JPLG.L JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating | 12.56% | 10.11% | 12.09% | 7.05% | 0.72% | 24.67% | 2.57% | -0.44% |
Correlation
The correlation between SPAG.L and JPLG.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2019 | 0.72 |
Over the past year, the correlation between SPAG.L and JPLG.L has dropped to 0.47 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
SPAG.L vs. JPLG.L — Risk / Return Rank
SPAG.L
JPLG.L
SPAG.L vs. JPLG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.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.
| SPAG.L | JPLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.49 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.85 | -2.13 |
| Martin ratioReturn relative to average drawdown | 4.42 | 14.14 | -9.72 |
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Drawdowns
SPAG.L vs. JPLG.L - Drawdown Comparison
The maximum SPAG.L drawdown since its inception was -43.95%, which is greater than JPLG.L's maximum drawdown of -27.53%. Use the drawdown chart below to compare losses from any high point for SPAG.L and JPLG.L.
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Drawdown Indicators
| SPAG.L | JPLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -27.53% | -16.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -5.59% | -3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -27.60% | -13.65% | -13.95% |
Max Drawdown (5Y)Largest decline over 5 years | -31.95% | -13.65% | -18.30% |
Max Drawdown (10Y)Largest decline over 10 years | -31.95% | — | — |
Current DrawdownCurrent decline from peak | -9.23% | -1.13% | -8.10% |
Average DrawdownAverage peak-to-trough decline | -17.43% | -3.25% | -14.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 1.52% | +2.21% |
Volatility
SPAG.L vs. JPLG.L - Volatility Comparison
iShares Agribusiness UCITS ETF USD (Acc) (SPAG.L) has a higher volatility of 3.41% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPLG.L) at 2.35%. This indicates that SPAG.L's price experiences larger fluctuations and is considered to be riskier than JPLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPAG.L | JPLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 2.35% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 6.06% | +4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.80% | 7.94% | +4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 10.91% | +9.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 13.66% | +5.31% |
SPAG.L vs. JPLG.L - Expense Ratio Comparison
SPAG.L has a 0.55% expense ratio, which is higher than JPLG.L's 0.20% expense ratio.
Dividends
SPAG.L vs. JPLG.L - Dividend Comparison
Neither SPAG.L nor JPLG.L has paid dividends to shareholders.
Frequently Asked Questions
SPAG.L and JPLG.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPLG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPLG.L is cheaper with a 0.20% expense ratio, compared with 0.55% for SPAG.L.
SPAG.L is categorized as Materials, while JPLG.L is Global Equities. SPAG.L tracks S&P Commodity Producers Agribusiness Index NTR, while JPLG.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.55% for SPAG.L and 0.20% for JPLG.L.
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