ERND.L vs. JPSA.L
ERND.L (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) are both Ultrashort Bond funds. ERND.L is passively managed, while JPSA.L is actively managed. Over the past 5 years, ERND.L returned 3.83%/yr vs 3.66%/yr for JPSA.L. At a 0.15 correlation, their price movements are largely independent. ERND.L charges 0.09%/yr vs 0.18%/yr for JPSA.L.
Performance
ERND.L vs. JPSA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ERND.L achieves a 2.00% return, which is significantly higher than JPSA.L's 1.77% return.
ERND.L
- 1D
- -0.02%
- 1M
- 0.30%
- 6M
- 1.83%
- YTD
- 2.00%
- 1Y
- 4.19%
- 3Y*
- 5.09%
- 5Y*
- 3.83%
- 10Y*
- 2.76%
JPSA.L
- 1D
- 0.06%
- 1M
- 0.22%
- 6M
- 1.60%
- YTD
- 1.77%
- 1Y
- 4.23%
- 3Y*
- 5.08%
- 5Y*
- 3.66%
- 10Y*
- —
ERND.L vs. JPSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 2.00% | 4.84% | 5.55% | 5.09% | 2.03% | 0.00% | 1.21% | 2.04% |
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 1.77% | 5.08% | 5.55% | 5.06% | 1.05% | 0.08% | 2.33% | 2.33% |
Correlation
The correlation between ERND.L and JPSA.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
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 | 0.15 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ERND.L vs. JPSA.L — Risk / Return Rank
ERND.L
JPSA.L
ERND.L vs. JPSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.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.
| ERND.L | JPSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.32 | ||
| Omega ratioGain probability vs. loss probability | 2.31 | 2.65 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 20.61 | 20.11 | +0.51 |
| Martin ratioReturn relative to average drawdown | 101.10 | 102.89 | -1.79 |
Loading charts...
Drawdowns
ERND.L vs. JPSA.L - Drawdown Comparison
The maximum ERND.L drawdown since its inception was -7.48%, which is greater than JPSA.L's maximum drawdown of -2.91%. Use the drawdown chart below to compare losses from any high point for ERND.L and JPSA.L.
Loading charts...
Drawdown Indicators
| ERND.L | JPSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.48% | -2.91% | -4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -0.21% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.64% | -0.39% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -1.06% | -0.86% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -7.48% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -0.11% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.04% | 0.00% |
Volatility
ERND.L vs. JPSA.L - Volatility Comparison
iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.L) and JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) have volatilities of 0.21% and 0.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ERND.L | JPSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.20% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.66% | 0.50% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 0.67% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.26% | 0.64% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 0.80% | +1.28% |
ERND.L vs. JPSA.L - Expense Ratio Comparison
ERND.L has a 0.09% 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
ERND.L vs. JPSA.L - Dividend Comparison
ERND.L's dividend yield for the trailing twelve months is around 4.31%, while JPSA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.31% | 4.70% | 5.54% | 5.00% | 1.57% | 0.49% | 1.55% | 2.71% | 2.19% | 1.39% | 0.99% | 0.72% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
ERND.L and JPSA.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERND.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERND.L is cheaper with a 0.09% expense ratio, compared with 0.18% for JPSA.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for ERND.L and 0.18% for JPSA.L.
Find the right allocation for ERND.L and JPSA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer