- Issuer
- JPMorgan
- Inception Date
- Apr 3, 2019
- Region
- Global (Broad)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
JPPA.DE Performance Chart
JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) is up 4.4% since the beginning of the year. JPPA.DE is currently trading at €109 per share. Investors who bought €1,000 worth of JPPA.DE shares 5 years ago would now be looking at an investment worth €1,233.
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Returns By Period
JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) has returned 4.36% so far this year and 5.45% over the past 12 months.
JPM USD Ultra-Short Income Active UCITS ETF USD Acc
- 1D
- -0.27%
- 1M
- 1.38%
- 6M
- 3.29%
- YTD
- 4.36%
- 1Y
- 5.45%
- 3Y*
- 4.38%
- 5Y*
- 4.27%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
JPPA.DE Monthly Returns History
Based on dividend-adjusted daily data since Apr 3, 2019, JPPA.DE's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2022 with a return of +5.3%, while the worst month was Apr 2019 at -10.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, JPPA.DE closed higher 51% of trading days. The best single day was Jan 2, 2025 with a return of +2.0%, while the worst single day was Apr 10, 2019 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.59% | 0.73% | 2.58% | -1.35% | 0.70% | 2.58% | -0.30% | 4.36% | |||||
| 2025 | 0.98% | 0.40% | -3.32% | -4.37% | 0.14% | -2.83% | 3.05% | -1.63% | 0.09% | 1.98% | -0.11% | -0.96% | -6.63% |
| 2024 | 2.42% | 0.72% | 0.56% | 1.45% | -0.95% | 1.72% | -0.38% | -1.51% | -0.25% | 2.83% | 3.33% | 1.26% | 11.65% |
| 2023 | -1.21% | 2.61% | -2.14% | -1.12% | 3.71% | -2.05% | -0.58% | 2.21% | 3.01% | 0.60% | -2.55% | -0.76% | 1.48% |
| 2022 | 0.95% | -0.43% | 1.13% | 5.25% | -1.62% | 2.32% | 2.74% | 1.61% | 2.82% | -0.84% | -3.69% | -2.89% | 7.22% |
| 2021 | 1.29% | 0.32% | 3.04% | -2.35% | -1.53% | 3.15% | 0.00% | 0.53% | 1.84% | 0.12% | 2.46% | -0.48% | 8.54% |
Benchmark Metrics
JPM USD Ultra-Short Income Active UCITS ETF USD Acc has an annualized alpha of 0.96%, beta of 0.06, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since April 03, 2019.
- This ETF captured 0.98% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -9.84%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.06 may look defensive, but with R2 of 0.02 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 0.02 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
- 0.96%
- Beta
- 0.06
- R²
- 0.02
- Upside Capture
- 0.98%
- Downside Capture
- -9.84%
Expense Ratio
JPPA.DE has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
JPPA.DE ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) and compare them to S&P 500 Index.
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.
| JPPA.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.33 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.01 | -1.09 |
| Martin ratioReturn relative to average drawdown | 4.64 | 11.10 | -6.46 |
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 USD Ultra-Short Income Active UCITS ETF USD 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 USD Ultra-Short Income Active UCITS ETF USD Acc was 14.84%, occurring on Dec 30, 2020. Recovery took 347 trading sessions.
The current JPM USD Ultra-Short Income Active UCITS ETF USD Acc drawdown is 4.86%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-14.84%Dec 2020 | 1y 8mo | 1y 4mo | 3y 1moApr 2019 - May 2022 | — |
-11.62%Jul 2023 | 9mo 19d | 1y 4mo | 2y 1moSep 2022 - Nov 2024 | — |
-11.19%Jul 2025 | 5mo 21d | — | 1y 6moJan 2025 - now | — |
-3.40%May 2022 | 13d | 1mo 6d | 1mo 19dMay 2022 - Jul 2022 | Bear market2022 |
-3.00%Aug 2022 | 26d | 9d | 1mo 5dJul 2022 - Aug 2022 | Bear market2022 |
Drawdown Indicators
| JPPA.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.84% | -51.17% | +36.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -7.57% | +4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -23.99% | +12.80% |
Max Drawdown (5Y)Largest decline over 5 years | -11.62% | -23.99% | +12.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -4.86% | -0.52% | -4.34% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -8.90% | +1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.04% | -0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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