James, 29, has dropped off in form following a great start to his Goodison career with three goals in six games after a highly-publicised move from Real Madrid.
"I don't think we can compare," said Ancelotti. "James Rodriguez chose this club because I think he was excited about the project and he is still excited about the project.
"He played one year here, I think he is happy, he is comfortable here. He had some problems of course but this doesn't affect the desire he has to stay here and to play for Everton for the future."