FVD.L vs. JPST.L
FVD.L (First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation) and JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) are both Dividend funds. FVD.L is passively managed, while JPST.L is actively managed. Over the past 5 years, FVD.L returned 5.82%/yr vs 3.67%/yr for JPST.L. At a 0.06 correlation, their price movements are largely independent.
Performance
FVD.L vs. JPST.L - Performance Comparison
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Returns By Period
In the year-to-date period, FVD.L achieves a 6.31% return, which is significantly higher than JPST.L's 1.84% return.
FVD.L
- 1D
- -0.33%
- 1M
- 1.73%
- 6M
- 4.38%
- YTD
- 6.31%
- 1Y
- 10.94%
- 3Y*
- 8.68%
- 5Y*
- 5.82%
- 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*
- —
FVD.L vs. JPST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FVD.L First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation | 6.31% | 8.66% | 9.25% | 3.39% | -4.80% | 24.66% | -3.10% |
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% | 1.97% |
Correlation
The correlation between FVD.L and JPST.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2020 | 0.06 |
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Return for Risk
FVD.L vs. JPST.L — Risk / Return Rank
FVD.L
JPST.L
FVD.L vs. JPST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.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.
| FVD.L | JPST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.18 | ||
| Sortino ratioReturn per unit of downside risk | -7.56 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.70 | -1.51 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 12.26 | -10.58 |
| Martin ratioReturn relative to average drawdown | 4.02 | 91.49 | -87.48 |
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Drawdowns
FVD.L vs. JPST.L - Drawdown Comparison
The maximum FVD.L drawdown since its inception was -34.96%, 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 FVD.L and JPST.L.
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Drawdown Indicators
| FVD.L | JPST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -3.13% | -31.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -0.34% | -6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -0.46% | -12.14% |
Max Drawdown (5Y)Largest decline over 5 years | -16.22% | -0.87% | -15.35% |
Current DrawdownCurrent decline from peak | -1.61% | 0.00% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -0.10% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 0.05% | +2.81% |
Volatility
FVD.L vs. JPST.L - Volatility Comparison
First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.L) has a higher volatility of 4.06% compared to JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) at 0.19%. This indicates that FVD.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
| FVD.L | JPST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 0.19% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 0.49% | +7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 0.79% | +9.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.79% | 0.69% | +12.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 0.90% | +15.56% |
Dividends
FVD.L vs. JPST.L - Dividend Comparison
FVD.L has not paid dividends to shareholders, while JPST.L's dividend yield for the trailing twelve months is around 4.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FVD.L First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
FVD.L and JPST.L 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.
They also come from different issuers: First Trust and JPMorgan.
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