GINC.L vs. JSET.L
GINC.L (First Trust Global Equity Income UCITS ETF) and JSET.L (JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc)) are both Dividend funds. GINC.L is passively managed, while JSET.L is actively managed. Over the past 5 years, GINC.L returned 12.70%/yr vs 1.84%/yr for JSET.L. At a 0.14 correlation, their price movements are largely independent.
Performance
GINC.L vs. JSET.L - Performance Comparison
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Different Trading Currencies
GINC.L is traded in GBp, while JSET.L is traded in GBP. To make them comparable, the JSET.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GINC.L achieves a 12.60% return, which is significantly higher than JSET.L's -1.70% return.
GINC.L
- 1D
- -0.20%
- 1M
- 0.57%
- 6M
- 10.26%
- YTD
- 12.60%
- 1Y
- 28.66%
- 3Y*
- 19.76%
- 5Y*
- 12.70%
- 10Y*
- —
JSET.L
- 1D
- -0.70%
- 1M
- -1.59%
- 6M
- -1.17%
- YTD
- -1.70%
- 1Y
- -0.09%
- 3Y*
- 2.93%
- 5Y*
- 1.84%
- 10Y*
- —
GINC.L vs. JSET.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GINC.L First Trust Global Equity Income UCITS ETF | 12.60% | 30.32% | 6.57% | 10.62% | 4.04% | 10.87% | -8.93% | 11.11% | -6.32% |
JSET.L JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) | -1.70% | 7.88% | -0.75% | 1.33% | 5.03% | -6.82% | 5.33% | -4.77% | -10.78% |
Correlation
The correlation between GINC.L and JSET.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.14 |
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Return for Risk
GINC.L vs. JSET.L — Risk / Return Rank
GINC.L
JSET.L
GINC.L vs. JSET.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Equity Income UCITS ETF (GINC.L) and JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) (JSET.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.
| GINC.L | JSET.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.85 | ||
| Sortino ratioReturn per unit of downside risk | +3.67 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.00 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | -0.03 | +5.29 |
| Martin ratioReturn relative to average drawdown | 17.20 | -0.08 | +17.28 |
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Drawdowns
GINC.L vs. JSET.L - Drawdown Comparison
The maximum GINC.L drawdown since its inception was -29.42%, which is greater than JSET.L's maximum drawdown of -18.28%. Use the drawdown chart below to compare losses from any high point for GINC.L and JSET.L.
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Drawdown Indicators
| GINC.L | JSET.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.42% | -18.28% | -11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.51% | -2.70% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -14.03% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -12.34% | -14.03% | +1.69% |
Current DrawdownCurrent decline from peak | -0.75% | -7.86% | +7.11% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -12.12% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.05% | +0.64% |
Volatility
GINC.L vs. JSET.L - Volatility Comparison
First Trust Global Equity Income UCITS ETF (GINC.L) has a higher volatility of 2.36% compared to JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) (JSET.L) at 1.01%. This indicates that GINC.L's price experiences larger fluctuations and is considered to be riskier than JSET.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GINC.L | JSET.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 1.01% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 2.79% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 3.98% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 10.13% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 10.08% | +5.20% |
Dividends
GINC.L vs. JSET.L - Dividend Comparison
GINC.L's dividend yield for the trailing twelve months is around 3.38%, while JSET.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GINC.L First Trust Global Equity Income UCITS ETF | 3.38% | 3.67% | 4.33% | 5.62% | 5.35% | 3.84% | 3.47% | 3.95% | 3.66% | 3.20% |
JSET.L JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GINC.L and JSET.L have a correlation of 0.19, 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 ETF Issuer.
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