0FLE.L vs. JPSA.L
0FLE.L (iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)) and JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) are both Ultrashort Bond funds. 0FLE.L is passively managed, while JPSA.L is actively managed. Over the past 5 years, 0FLE.L returned 2.60%/yr vs 4.26%/yr for JPSA.L. At a correlation of -0.03, they often move in opposite directions. 0FLE.L charges 0.12%/yr vs 0.18%/yr for JPSA.L.
Performance
0FLE.L vs. JPSA.L - Performance Comparison
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Different Trading Currencies
0FLE.L is traded in EUR, while JPSA.L is traded in USD. To make them comparable, the JPSA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0FLE.L achieves a 2.21% return, which is significantly lower than JPSA.L's 4.21% return.
0FLE.L
- 1D
- 0.54%
- 1M
- 1.01%
- 6M
- 1.97%
- YTD
- 2.21%
- 1Y
- 3.40%
- 3Y*
- 3.94%
- 5Y*
- 2.60%
- 10Y*
- —
JPSA.L
- 1D
- -0.41%
- 1M
- 1.25%
- 6M
- 3.14%
- YTD
- 4.21%
- 1Y
- 5.39%
- 3Y*
- 4.33%
- 5Y*
- 4.26%
- 10Y*
- —
0FLE.L vs. JPSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 2.21% | 2.69% | 4.89% | 4.20% | -0.49% | -0.51% | -1.77% | 1.73% |
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 4.21% | -7.39% | 12.51% | 1.91% | 7.31% | 7.56% | -6.11% | 2.56% |
Correlation
The correlation between 0FLE.L and JPSA.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | -0.03 |
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Return for Risk
0FLE.L vs. JPSA.L — Risk / Return Rank
0FLE.L
JPSA.L
0FLE.L vs. JPSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) and JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.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.
| 0FLE.L | JPSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.16 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | 1.46 | +3.36 |
| Martin ratioReturn relative to average drawdown | 13.29 | 3.84 | +9.45 |
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Drawdowns
0FLE.L vs. JPSA.L - Drawdown Comparison
The maximum 0FLE.L drawdown since its inception was -3.91%, smaller than the maximum JPSA.L drawdown of -11.79%. Use the drawdown chart below to compare losses from any high point for 0FLE.L and JPSA.L.
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Drawdown Indicators
| 0FLE.L | JPSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.91% | -11.79% | +7.88% |
Max Drawdown (1Y)Largest decline over 1 year | -0.71% | -3.69% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -2.86% | -11.07% | +8.21% |
Max Drawdown (5Y)Largest decline over 5 years | -2.86% | -11.79% | +8.93% |
Current DrawdownCurrent decline from peak | 0.00% | -4.59% | +4.59% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -5.08% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 1.40% | -1.14% |
Volatility
0FLE.L vs. JPSA.L - Volatility Comparison
iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) has a higher volatility of 1.57% compared to JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) at 1.49%. This indicates that 0FLE.L's price experiences larger fluctuations and is considered to be riskier than JPSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0FLE.L | JPSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 1.49% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 4.43% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.76% | 6.15% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 7.55% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.07% | 7.29% | -4.22% |
0FLE.L vs. JPSA.L - Expense Ratio Comparison
0FLE.L has a 0.12% expense ratio, which is lower than JPSA.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
0FLE.L vs. JPSA.L - Dividend Comparison
0FLE.L's dividend yield for the trailing twelve months is around 4.69%, while JPSA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 4.69% | 5.04% | 6.01% | 5.52% | 1.49% | 0.58% | 1.60% | 2.96% | 2.07% | 0.36% |
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
0FLE.L and JPSA.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0FLE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0FLE.L is cheaper with a 0.12% expense ratio, compared with 0.18% for JPSA.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.12% for 0FLE.L and 0.18% for JPSA.L.
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