TSWE.DE vs. JPGL.DE

Last updated Jun 5, 2026

TSWE.DE (VanEck Sustainable World Equal Weight UCITS ETF A) and JPGL.DE (JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating) are both Global Equities funds - TSWE.DE tracks the Solactive Sustainable World Equity while JPGL.DE tracks the JP Morgan Diversified Factor Global Developed (Region Aware) Equity. Both are passively managed. Over the past 5 years, TSWE.DE returned 11.66%/yr vs 10.25%/yr for JPGL.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

TSWE.DE vs. JPGL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) and JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSWE.DE achieves a 13.30% return, which is significantly higher than JPGL.DE's 11.57% return.

TSWE.DE

• 1D: -0.01%
• 1M: 6.60%
• YTD: 13.30%
• 6M: 15.30%
• 1Y: 25.79%
• 3Y*: 17.12%
• 5Y*: 11.66%
• 10Y*: —

JPGL.DE

• 1D: -0.10%
• 1M: 3.07%
• YTD: 11.57%
• 6M: 12.21%
• 1Y: 19.57%
• 3Y*: 13.57%
• 5Y*: 10.25%
• 10Y*: —

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

TSWE.DE vs. JPGL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A	13.30%	13.87%	16.42%	16.27%	-13.06%	29.28%	5.03%	8.81%
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 TSWE.DE and JPGL.DE is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019	0.86

The correlation between TSWE.DE and JPGL.DE shifts across timeframes, from 0.71 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TSWE.DE vs. JPGL.DE — Risk / Return Rank

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

TSWE.DE

TSWE.DE Risk / Return Rank: 63
TSWE.DE Sharpe Ratio Rank: 60
TSWE.DE Sortino Ratio Rank: 61
TSWE.DE Omega Ratio Rank: 62
TSWE.DE Calmar Ratio Rank: 65
TSWE.DE Martin Ratio Rank: 69

JPGL.DE

JPGL.DE Risk / Return Rank: 74
JPGL.DE Sharpe Ratio Rank: 71
JPGL.DE Sortino Ratio Rank: 73
JPGL.DE Omega Ratio Rank: 69
JPGL.DE Calmar Ratio Rank: 80
JPGL.DE Martin Ratio Rank: 80

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.

TSWE.DE vs. JPGL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.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.

	TSWE.DE	JPGL.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.98	2.28	-0.30
Sortino ratio: Return per unit of downside risk	2.84	3.23	-0.39
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	3.20	4.10	-0.91
Martin ratio: Return relative to average drawdown	12.60	15.50	-2.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSWE.DE vs. JPGL.DE - Sharpe Ratio Comparison

The current TSWE.DE Sharpe Ratio is 1.98, which is comparable to the JPGL.DE Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of TSWE.DE and JPGL.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSWE.DE	JPGL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	2.28	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.85	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.68	+0.14

Drawdowns

TSWE.DE vs. JPGL.DE - Drawdown Comparison

The maximum TSWE.DE drawdown since its inception was -33.61%, smaller than the maximum JPGL.DE drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for TSWE.DE and JPGL.DE.

Drawdown Indicators

	TSWE.DE	JPGL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.61%	-35.55%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-4.75%	-3.28%
Max Drawdown (3Y) Largest decline over 3 years	-19.69%	-17.34%	-2.35%
Max Drawdown (5Y) Largest decline over 5 years	-19.69%	-17.34%	-2.35%
Current Drawdown Current decline from peak	-0.11%	-0.10%	-0.01%
Average Drawdown Average peak-to-trough decline	-4.69%	-4.81%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.26%	+0.78%

Volatility

TSWE.DE vs. JPGL.DE - Volatility Comparison

VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) has a higher volatility of 3.04% compared to JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating (JPGL.DE) at 2.06%. This indicates that TSWE.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.

Volatility by Period

	TSWE.DE	JPGL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	2.06%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	6.02%	+3.87%
Volatility (1Y) Calculated over the trailing 1-year period	12.95%	8.55%	+4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.69%	11.86%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.89%	15.01%	+0.88%

TSWE.DE vs. JPGL.DE - Expense Ratio Comparison

Both TSWE.DE and JPGL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

TSWE.DE vs. JPGL.DE - Dividend Comparison

TSWE.DE's dividend yield for the trailing twelve months is around 1.83%, while JPGL.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A	1.83%	1.94%	2.19%	2.22%	2.37%	1.63%	1.87%	2.32%

Frequently Asked Questions

Can I hold both TSWE.DE and JPGL.DE in my portfolio?

TSWE.DE and JPGL.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSWE.DE or JPGL.DE?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSWE.DE or JPGL.DE?

TSWE.DE and JPGL.DE have the same expense ratio: 0.20% per year.

What is the main difference between TSWE.DE and JPGL.DE?

TSWE.DE tracks Solactive Sustainable World Equity, while JPGL.DE tracks JP Morgan Diversified Factor Global Developed (Region Aware) Equity. They also come from different issuers: VanEck and JPMorgan.