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Performance
Performance Chart
The chart shows the growth of an initial investment of £10,000 in JPM GBP Ultra-Short Income Active ETF GBP Acc, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
JGSA.L is traded in GBP, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to GBP using the latest available exchange rates.
Returns By Period
JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.L) has returned 0.36% so far this year and 4.23% over the past 12 months.
JPM GBP Ultra-Short Income Active ETF GBP Acc
- 1D
- 0.12%
- 1M
- -0.23%
- YTD
- 0.36%
- 6M
- 1.66%
- 1Y
- 4.23%
- 3Y*
- 4.90%
- 5Y*
- 3.20%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.61%
- 1M
- -3.22%
- YTD
- -2.82%
- 6M
- -0.72%
- 1Y
- 13.66%
- 3Y*
- 14.01%
- 5Y*
- 11.18%
- 10Y*
- 12.98%
Monthly Returns
Based on dividend-adjusted daily data since Apr 10, 2019, JGSA.L's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, your investment would double in approximately 27.5 years.
Historically, 83% of months were positive and 17% were negative. The best month was Dec 2023 with a return of +0.7%, while the worst month was Mar 2020 at -0.9%. The longest winning streak lasted 41 consecutive months, and the longest losing streak was 5 months.
On a daily basis, JGSA.L closed higher 61% of trading days. The best single day was Mar 27, 2020 with a return of +0.4%, while the worst single day was Mar 19, 2020 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.24% | 0.35% | -0.23% | 0.36% | |||||||||
| 2025 | 0.50% | 0.41% | 0.24% | 0.47% | 0.35% | 0.54% | 0.47% | 0.28% | 0.40% | 0.47% | 0.35% | 0.47% | 5.06% |
| 2024 | 0.28% | 0.39% | 0.50% | 0.31% | 0.41% | 0.48% | 0.58% | 0.48% | 0.45% | 0.30% | 0.40% | 0.39% | 5.09% |
| 2023 | 0.34% | 0.18% | 0.26% | 0.36% | 0.26% | 0.28% | 0.47% | 0.52% | 0.49% | 0.48% | 0.53% | 0.71% | 5.01% |
| 2022 | -0.16% | -0.13% | -0.07% | -0.07% | 0.09% | -0.15% | 0.26% | -0.12% | -0.12% | 0.45% | 0.25% | 0.35% | 0.58% |
| 2021 | -0.02% | 0.00% | -0.02% | 0.09% | 0.01% | 0.01% | 0.06% | 0.00% | 0.00% | -0.19% | 0.04% | -0.01% | -0.02% |
Benchmark Metrics
JPM GBP Ultra-Short Income Active ETF GBP Acc has an annualized alpha of 2.57%, beta of -0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 11, 2019.
- This ETF captured 5.71% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.80%) — a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.57%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 5.71%
- Downside Capture
- -5.80%
Expense Ratio
JGSA.L has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
JGSA.L ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.L) and compare them to a chosen benchmark (S&P 500 Index).
| JGSA.L | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.79 | 0.73 | +6.06 |
Sortino ratioReturn per unit of downside risk | 11.45 | 1.14 | +10.31 |
Omega ratioGain probability vs. loss probability | 3.25 | 1.18 | +2.08 |
Calmar ratioReturn relative to maximum drawdown | 10.02 | 1.24 | +8.79 |
Martin ratioReturn relative to average drawdown | 53.29 | 4.87 | +48.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore JGSA.L risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the JPM GBP Ultra-Short Income Active ETF GBP Acc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPM GBP Ultra-Short Income Active ETF GBP Acc was 1.42%, occurring on Mar 25, 2020. Recovery took 51 trading sessions.
The current JPM GBP Ultra-Short Income Active ETF GBP Acc drawdown is 0.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.42% | Mar 6, 2020 | 14 | Mar 25, 2020 | 51 | Jun 10, 2020 | 65 |
| -0.73% | Sep 23, 2021 | 185 | Jun 21, 2022 | 110 | Nov 24, 2022 | 295 |
| -0.42% | Mar 2, 2026 | 16 | Mar 23, 2026 | — | — | — |
| -0.22% | Apr 14, 2025 | 1 | Apr 14, 2025 | 5 | Apr 23, 2025 | 6 |
| -0.2% | Jun 29, 2020 | 2 | Jun 30, 2020 | 16 | Jul 27, 2020 | 18 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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