FUSD.L vs. JPST.L
FUSD.L (Fidelity US Quality Income UCITS ETF Income USD Shares) and JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) are both Dividend funds. FUSD.L is passively managed, while JPST.L is actively managed. Over the past 5 years, FUSD.L returned 12.04%/yr vs 3.67%/yr for JPST.L. At a 0.05 correlation, their price movements are largely independent. FUSD.L charges 0.25%/yr vs 0.18%/yr for JPST.L.
Performance
FUSD.L vs. JPST.L - Performance Comparison
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Returns By Period
In the year-to-date period, FUSD.L achieves a 9.78% return, which is significantly higher than JPST.L's 1.84% return.
FUSD.L
- 1D
- 0.45%
- 1M
- 1.05%
- 6M
- 9.42%
- YTD
- 9.78%
- 1Y
- 20.89%
- 3Y*
- 17.28%
- 5Y*
- 12.04%
- 10Y*
- —
JPST.L
- 1D
- 0.07%
- 1M
- 0.32%
- 6M
- 1.71%
- YTD
- 1.84%
- 1Y
- 4.28%
- 3Y*
- 5.12%
- 5Y*
- 3.67%
- 10Y*
- —
FUSD.L vs. JPST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FUSD.L Fidelity US Quality Income UCITS ETF Income USD Shares | 9.78% | 16.47% | 18.77% | 18.47% | -10.57% | 26.18% | 11.83% | 31.49% | -3.58% |
JPST.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 1.84% | 5.06% | 5.58% | 5.04% | 1.11% | 0.02% | 2.34% | 3.40% | 2.03% |
Correlation
The correlation between FUSD.L and JPST.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.05 |
Over the past year, FUSD.L and JPST.L have become more correlated (0.27) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
FUSD.L vs. JPST.L — Risk / Return Rank
FUSD.L
JPST.L
FUSD.L vs. JPST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.L) and JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.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.
| FUSD.L | JPST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.32 | ||
| Sortino ratioReturn per unit of downside risk | -6.05 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.70 | -1.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 12.26 | -9.64 |
| Martin ratioReturn relative to average drawdown | 11.29 | 91.49 | -80.21 |
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Drawdowns
FUSD.L vs. JPST.L - Drawdown Comparison
The maximum FUSD.L drawdown since its inception was -35.89%, which is greater than JPST.L's maximum drawdown of -3.13%. Use the drawdown chart below to compare losses from any high point for FUSD.L and JPST.L.
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Drawdown Indicators
| FUSD.L | JPST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.89% | -3.13% | -32.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -0.34% | -7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -0.46% | -17.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -0.87% | -18.46% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -0.10% | -3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 0.05% | +1.80% |
Volatility
FUSD.L vs. JPST.L - Volatility Comparison
Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.L) has a higher volatility of 2.47% compared to JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) at 0.19%. This indicates that FUSD.L's price experiences larger fluctuations and is considered to be riskier than JPST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUSD.L | JPST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 0.19% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 0.49% | +7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 0.79% | +9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.65% | 0.69% | +13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 0.90% | +14.81% |
FUSD.L vs. JPST.L - Expense Ratio Comparison
FUSD.L has a 0.25% expense ratio, which is higher than JPST.L's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FUSD.L vs. JPST.L - Dividend Comparison
FUSD.L's dividend yield for the trailing twelve months is around 1.40%, less than JPST.L's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FUSD.L Fidelity US Quality Income UCITS ETF Income USD Shares | 1.40% | 1.47% | 2.79% | 2.10% | 2.31% | 2.30% | 2.30% | 1.95% | 2.19% | 1.24% |
JPST.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 4.10% | 4.29% | 5.28% | 4.46% | 1.16% | 0.67% | 1.90% | 2.66% | 1.80% | 0.00% |
Frequently Asked Questions
FUSD.L and JPST.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPST.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPST.L is cheaper with a 0.18% expense ratio, compared with 0.25% for FUSD.L.
They also come from different issuers: Fidelity and JPMorgan. Their fees differ too: 0.25% for FUSD.L and 0.18% for JPST.L.
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