EUED.DE vs. JPPA.DE
EUED.DE (iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist)) and JPPA.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Acc) are both Ultrashort Bond funds. EUED.DE is passively managed, while JPPA.DE is actively managed. Over the past 5 years, EUED.DE returned 2.11%/yr vs 4.34%/yr for JPPA.DE. At a correlation of -0.06, they often move in opposite directions. EUED.DE charges 0.09%/yr vs 0.18%/yr for JPPA.DE.
Performance
EUED.DE vs. JPPA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUED.DE achieves a 1.15% return, which is significantly lower than JPPA.DE's 4.68% return.
EUED.DE
- 1D
- -0.20%
- 1M
- 0.17%
- 6M
- 0.95%
- YTD
- 1.15%
- 1Y
- 2.18%
- 3Y*
- 3.28%
- 5Y*
- 2.11%
- 10Y*
- —
JPPA.DE
- 1D
- 0.08%
- 1M
- 1.59%
- 6M
- 3.10%
- YTD
- 4.68%
- 1Y
- 5.53%
- 3Y*
- 4.43%
- 5Y*
- 4.34%
- 10Y*
- —
EUED.DE vs. JPPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 1.15% | 2.56% | 4.11% | 3.40% | -0.40% | -0.20% | 0.51% |
JPPA.DE JPM USD Ultra-Short Income Active UCITS ETF USD Acc | 4.68% | -6.63% | 11.65% | 1.48% | 7.22% | 8.54% | -7.59% |
Correlation
The correlation between EUED.DE and JPPA.DE is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2020 | -0.06 |
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Return for Risk
EUED.DE vs. JPPA.DE — Risk / Return Rank
EUED.DE
JPPA.DE
EUED.DE vs. JPPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) and JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE). 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.
| EUED.DE | JPPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.17 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 10.92 | 1.70 | +9.22 |
| Martin ratioReturn relative to average drawdown | 24.04 | 4.14 | +19.89 |
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Drawdowns
EUED.DE vs. JPPA.DE - Drawdown Comparison
The maximum EUED.DE drawdown since its inception was -3.54%, smaller than the maximum JPPA.DE drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for EUED.DE and JPPA.DE.
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Drawdown Indicators
| EUED.DE | JPPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.54% | -14.84% | +11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -3.24% | +3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | -11.19% | +10.80% |
Max Drawdown (5Y)Largest decline over 5 years | -1.20% | -11.62% | +10.42% |
Current DrawdownCurrent decline from peak | -0.20% | -4.56% | +4.36% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -7.34% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.33% | -1.24% |
Volatility
EUED.DE vs. JPPA.DE - Volatility Comparison
The current volatility for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) is 0.35%, while JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) has a volatility of 1.17%. This indicates that EUED.DE experiences smaller price fluctuations and is considered to be less risky than JPPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUED.DE | JPPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 1.17% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 4.16% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.57% | 5.85% | -4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 7.40% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.51% | 8.14% | -5.63% |
EUED.DE vs. JPPA.DE - Expense Ratio Comparison
EUED.DE has a 0.09% expense ratio, which is lower than JPPA.DE'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
EUED.DE vs. JPPA.DE - Dividend Comparison
EUED.DE's dividend yield for the trailing twelve months is around 2.36%, while JPPA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 2.36% | 2.74% | 3.86% | 2.75% | 0.00% | 0.00% | 0.11% |
JPPA.DE JPM USD Ultra-Short Income Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUED.DE and JPPA.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUED.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUED.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for JPPA.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for EUED.DE and 0.18% for JPPA.DE.
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