FGBL.L vs. JPAS.L
FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD) and JPAS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc) are both Dividend funds. FGBL.L is passively managed, while JPAS.L is actively managed. Over the past 5 years, FGBL.L returned 12.77%/yr vs 4.11%/yr for JPAS.L. At a 0.01 correlation, their price movements are largely independent.
Performance
FGBL.L vs. JPAS.L - Performance Comparison
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Different Trading Currencies
FGBL.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, FGBL.L achieves a 13.08% return, which is significantly higher than JPAS.L's 1.52% return.
FGBL.L
- 1D
- -0.04%
- 1M
- 0.91%
- 6M
- 10.70%
- YTD
- 13.08%
- 1Y
- 28.79%
- 3Y*
- 19.89%
- 5Y*
- 12.77%
- 10Y*
- 9.31%
JPAS.L
- 1D
- -0.62%
- 1M
- -0.14%
- 6M
- 1.35%
- YTD
- 1.52%
- 1Y
- 3.51%
- 3Y*
- 4.11%
- 5Y*
- 4.11%
- 10Y*
- —
FGBL.L vs. JPAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD | 13.08% | 30.51% | 6.22% | 11.15% | 3.62% | 10.79% | -8.84% | 2.58% |
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 FGBL.L and JPAS.L is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | 0.01 |
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Return for Risk
FGBL.L vs. JPAS.L — Risk / Return Rank
FGBL.L
JPAS.L
FGBL.L vs. JPAS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Equity Income UCITS ETF Class A USD (FGBL.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.
| FGBL.L | JPAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.62 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.10 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 0.80 | +4.40 |
| Martin ratioReturn relative to average drawdown | 18.15 | 2.05 | +16.10 |
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Drawdowns
FGBL.L vs. JPAS.L - Drawdown Comparison
The maximum FGBL.L drawdown since its inception was -40.36%, 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 FGBL.L and JPAS.L.
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Drawdown Indicators
| FGBL.L | JPAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -26.18% | -14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -4.36% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -9.32% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -15.31% | +2.86% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | — | — |
Current DrawdownCurrent decline from peak | -0.63% | -6.97% | +6.34% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -14.97% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.71% | -0.08% |
Volatility
FGBL.L vs. JPAS.L - Volatility Comparison
First Trust Global Equity Income UCITS ETF Class A USD (FGBL.L) has a higher volatility of 2.12% compared to JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.L) at 1.77%. This indicates that FGBL.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
| FGBL.L | JPAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 1.77% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 4.71% | +2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 6.37% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 8.32% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 12.24% | +1.68% |
Dividends
FGBL.L vs. JPAS.L - Dividend Comparison
Neither FGBL.L nor JPAS.L has paid dividends to shareholders.
Frequently Asked Questions
FGBL.L and JPAS.L have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: First Trust and JPMorgan.
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