BB3M.L vs. JPSA.L
BB3M.L (JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD) and JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) are both Ultrashort Bond funds from JPMorgan. Both are actively managed. Over the past 5 years, BB3M.L returned 3.46%/yr vs 3.59%/yr for JPSA.L. At a 0.14 correlation, their price movements are largely independent. BB3M.L charges 0.07%/yr vs 0.18%/yr for JPSA.L.
Performance
BB3M.L vs. JPSA.L - Performance Comparison
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Returns By Period
In the year-to-date period, BB3M.L achieves a 1.48% return, which is significantly higher than JPSA.L's 1.40% return.
BB3M.L
- 1D
- 0.05%
- 1M
- 0.34%
- YTD
- 1.48%
- 6M
- 1.88%
- 1Y
- 3.95%
- 3Y*
- 4.69%
- 5Y*
- 3.46%
- 10Y*
- —
JPSA.L
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.40%
- 6M
- 1.70%
- 1Y
- 4.42%
- 3Y*
- 5.13%
- 5Y*
- 3.59%
- 10Y*
- —
BB3M.L vs. JPSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 1.48% | 4.28% | 5.24% | 4.94% | 1.46% | -0.02% |
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 1.40% | 5.07% | 5.55% | 5.05% | 1.05% | -0.01% |
Correlation
The correlation between BB3M.L and JPSA.L is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.14 |
The correlation between BB3M.L and JPSA.L shifts across timeframes, from 0.01 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BB3M.L vs. JPSA.L — Risk / Return Rank
BB3M.L
JPSA.L
BB3M.L vs. JPSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.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.
| BB3M.L | JPSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -4.50 | ||
| Omega ratioGain probability vs. loss probability | 2.14 | 2.77 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | 28.84 | 21.05 | +7.78 |
| Martin ratioReturn relative to average drawdown | 103.10 | 105.71 | -2.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BB3M.L | JPSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.80 | 6.47 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.51 | 5.69 | -2.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.40 | 3.98 | -0.57 |
Drawdowns
BB3M.L vs. JPSA.L - Drawdown Comparison
The maximum BB3M.L drawdown since its inception was -1.19%, smaller than the maximum JPSA.L drawdown of -2.92%. Use the drawdown chart below to compare losses from any high point for BB3M.L and JPSA.L.
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Drawdown Indicators
| BB3M.L | JPSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -2.92% | +1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.14% | -0.21% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -0.23% | -0.39% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -1.19% | -0.86% | -0.33% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.11% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.04% | 0.00% |
Volatility
BB3M.L vs. JPSA.L - Volatility Comparison
JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) has a higher volatility of 0.30% compared to JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) at 0.22%. This indicates that BB3M.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
| BB3M.L | JPSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 0.22% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 0.50% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.82% | 0.68% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.99% | 0.63% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.96% | 0.80% | +0.16% |
BB3M.L vs. JPSA.L - Expense Ratio Comparison
BB3M.L has a 0.07% 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
BB3M.L vs. JPSA.L - Dividend Comparison
Neither BB3M.L nor JPSA.L has paid dividends to shareholders.
Frequently Asked Questions
BB3M.L and JPSA.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BB3M.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BB3M.L is cheaper with a 0.07% expense ratio, compared with 0.18% for JPSA.L.
Their fees differ too: 0.07% for BB3M.L and 0.18% for JPSA.L.
Find the right allocation for BB3M.L and JPSA.L
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