ERND.L vs. JPTS.L
ERND.L (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and JPTS.L (JPM USD Ultra-Short Income Active UCITS ETF USD (Dist)) are both Ultrashort Bond funds. ERND.L is passively managed, while JPTS.L is actively managed. Over the past 5 years, ERND.L returned 3.84%/yr vs 3.70%/yr for JPTS.L. At a correlation of -0.05, they often move in opposite directions. ERND.L charges 0.09%/yr vs 0.18%/yr for JPTS.L.
Performance
ERND.L vs. JPTS.L - Performance Comparison
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Different Trading Currencies
ERND.L is traded in USD, while JPTS.L is traded in GBP. To make them comparable, the JPTS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ERND.L achieves a 2.05% return, which is significantly higher than JPTS.L's 1.77% return.
ERND.L
- 1D
- 0.05%
- 1M
- 0.27%
- 6M
- 1.87%
- YTD
- 2.05%
- 1Y
- 4.24%
- 3Y*
- 5.09%
- 5Y*
- 3.84%
- 10Y*
- 2.77%
JPTS.L
- 1D
- 0.03%
- 1M
- 1.00%
- 6M
- 1.69%
- YTD
- 1.77%
- 1Y
- 4.06%
- 3Y*
- 5.17%
- 5Y*
- 3.70%
- 10Y*
- —
ERND.L vs. JPTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ERND.L iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 2.05% | 4.84% | 5.55% | 5.09% | 2.03% | 0.00% | 1.21% | 3.03% | 2.01% |
JPTS.L JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) | 1.77% | 5.32% | 5.50% | 4.52% | 1.02% | 0.46% | 1.88% | 4.17% | -27.86% |
Correlation
The correlation between ERND.L and JPTS.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | -0.05 |
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Return for Risk
ERND.L vs. JPTS.L — Risk / Return Rank
ERND.L
JPTS.L
ERND.L vs. JPTS.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 JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) (JPTS.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 | JPTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.40 | ||
| Sortino ratioReturn per unit of downside risk | +7.82 | ||
| Omega ratioGain probability vs. loss probability | 2.37 | 1.17 | +1.20 |
| Calmar ratioReturn relative to maximum drawdown | 21.13 | 3.24 | +17.90 |
| Martin ratioReturn relative to average drawdown | 103.65 | 12.48 | +91.18 |
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Drawdowns
ERND.L vs. JPTS.L - Drawdown Comparison
The maximum ERND.L drawdown since its inception was -7.48%, smaller than the maximum JPTS.L drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for ERND.L and JPTS.L.
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Drawdown Indicators
| ERND.L | JPTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.48% | -29.52% | +22.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.25% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -0.64% | -1.25% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -1.06% | -2.55% | +1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -7.48% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -8.17% | +8.17% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -20.87% | +20.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.32% | -0.28% |
Volatility
ERND.L vs. JPTS.L - Volatility Comparison
The current volatility for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (ERND.L) is 0.21%, while JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) (JPTS.L) has a volatility of 1.02%. This indicates that ERND.L experiences smaller price fluctuations and is considered to be less risky than JPTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERND.L | JPTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 1.02% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 0.66% | 3.72% | -3.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 4.36% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.26% | 4.74% | -3.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.08% | 10.79% | -8.71% |
ERND.L vs. JPTS.L - Expense Ratio Comparison
ERND.L has a 0.09% expense ratio, which is lower than JPTS.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. JPTS.L - Dividend Comparison
ERND.L's dividend yield for the trailing twelve months is around 4.31%, more than JPTS.L's 4.11% yield.
| 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% |
JPTS.L JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) | 4.11% | 4.38% | 5.19% | 4.55% | 1.16% | 0.66% | 2.03% | 2.76% | 1.74% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ERND.L and JPTS.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 JPTS.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for ERND.L and 0.18% for JPTS.L.
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