DHS.L vs. JPAS.L
DHS.L (WisdomTree US High Dividend UCITS ETF USD (Dist)) and JPAS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc) are both Dividend funds. DHS.L is passively managed, while JPAS.L is actively managed. Over the past 5 years, DHS.L returned 12.35%/yr vs 4.11%/yr for JPAS.L. At a 0.19 correlation, their price movements are largely independent. DHS.L charges 0.29%/yr vs 0.18%/yr for JPAS.L.
Performance
DHS.L vs. JPAS.L - Performance Comparison
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Different Trading Currencies
DHS.L is traded in GBp, while JPAS.L is traded in GBP. To make them comparable, the JPAS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DHS.L achieves a 12.15% return, which is significantly higher than JPAS.L's 1.52% return.
DHS.L
- 1D
- -0.35%
- 1M
- 1.99%
- 6M
- 8.98%
- YTD
- 12.15%
- 1Y
- 21.91%
- 3Y*
- 16.07%
- 5Y*
- 12.35%
- 10Y*
- 9.13%
JPAS.L
- 1D
- -0.62%
- 1M
- -0.14%
- 6M
- 1.35%
- YTD
- 1.52%
- 1Y
- 3.51%
- 3Y*
- 4.11%
- 5Y*
- 4.11%
- 10Y*
- —
DHS.L vs. JPAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DHS.L WisdomTree US High Dividend UCITS ETF USD (Dist) | 12.15% | 4.77% | 20.38% | -4.02% | 19.92% | 25.61% | -7.64% | 8.21% |
JPAS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc | 1.52% | -2.07% | 7.27% | -0.71% | 13.13% | 1.38% | -1.17% | -22.44% |
Correlation
The correlation between DHS.L and JPAS.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | 0.19 |
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Return for Risk
DHS.L vs. JPAS.L — Risk / Return Rank
DHS.L
JPAS.L
DHS.L vs. JPAS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.L) and JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.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.
| DHS.L | JPAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.10 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 0.80 | +2.78 |
| Martin ratioReturn relative to average drawdown | 12.31 | 2.05 | +10.26 |
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Drawdowns
DHS.L vs. JPAS.L - Drawdown Comparison
The maximum DHS.L drawdown since its inception was -38.98%, which is greater than JPAS.L's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for DHS.L and JPAS.L.
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Drawdown Indicators
| DHS.L | JPAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -26.18% | -12.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.40% | -4.36% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -9.32% | -8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.39% | -15.31% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -28.93% | — | — |
Current DrawdownCurrent decline from peak | -1.32% | -6.97% | +5.65% |
Average DrawdownAverage peak-to-trough decline | -9.19% | -14.97% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.71% | +0.15% |
Volatility
DHS.L vs. JPAS.L - Volatility Comparison
WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.L) has a higher volatility of 2.57% compared to JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.L) at 1.77%. This indicates that DHS.L's price experiences larger fluctuations and is considered to be riskier than JPAS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHS.L | JPAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 1.77% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 4.71% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.53% | 6.37% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 8.32% | +5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 12.24% | +2.65% |
DHS.L vs. JPAS.L - Expense Ratio Comparison
DHS.L has a 0.29% expense ratio, which is higher than JPAS.L's 0.18% expense ratio.
Dividends
DHS.L vs. JPAS.L - Dividend Comparison
DHS.L's dividend yield for the trailing twelve months is around 2.63%, while JPAS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS.L WisdomTree US High Dividend UCITS ETF USD (Dist) | 2.63% | 2.89% | 5.19% | 5.19% | 2.83% | 2.87% | 5.63% | 4.86% | 3.06% | 2.70% | 2.51% | 2.46% |
JPAS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DHS.L and JPAS.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPAS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPAS.L is cheaper with a 0.18% expense ratio, compared with 0.29% for DHS.L.
They also come from different issuers: WisdomTree and JPMorgan. Their fees differ too: 0.29% for DHS.L and 0.18% for JPAS.L.
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