HDIQ.L vs. JPAS.L
HDIQ.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) and JPAS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc) are both Dividend funds. HDIQ.L is passively managed, while JPAS.L is actively managed. Over the past 5 years, HDIQ.L returned 12.28%/yr vs 4.11%/yr for JPAS.L. At a 0.20 correlation, their price movements are largely independent. HDIQ.L charges 0.35%/yr vs 0.18%/yr for JPAS.L.
Performance
HDIQ.L vs. JPAS.L - Performance Comparison
Loading charts...
Different Trading Currencies
HDIQ.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, HDIQ.L achieves a 13.03% return, which is significantly higher than JPAS.L's 1.52% return.
HDIQ.L
- 1D
- -0.54%
- 1M
- -1.79%
- 6M
- 11.38%
- YTD
- 13.03%
- 1Y
- 22.75%
- 3Y*
- 16.55%
- 5Y*
- 12.28%
- 10Y*
- 10.45%
JPAS.L
- 1D
- -0.62%
- 1M
- -0.14%
- 6M
- 1.35%
- YTD
- 1.52%
- 1Y
- 3.51%
- 3Y*
- 4.11%
- 5Y*
- 4.11%
- 10Y*
- —
HDIQ.L vs. JPAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 13.03% | 8.74% | 17.34% | 8.04% | 4.90% | 23.47% | -3.34% | 7.75% |
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 HDIQ.L and JPAS.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | 0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HDIQ.L vs. JPAS.L — Risk / Return Rank
HDIQ.L
JPAS.L
HDIQ.L vs. JPAS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.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.
| HDIQ.L | JPAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.10 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | 0.80 | +3.99 |
| Martin ratioReturn relative to average drawdown | 16.29 | 2.05 | +14.25 |
Loading charts...
Drawdowns
HDIQ.L vs. JPAS.L - Drawdown Comparison
The maximum HDIQ.L drawdown since its inception was -41.26%, 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 HDIQ.L and JPAS.L.
Loading charts...
Drawdown Indicators
| HDIQ.L | JPAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.26% | -26.18% | -15.08% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -4.36% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.80% | -9.32% | -9.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -15.31% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -24.46% | — | — |
Current DrawdownCurrent decline from peak | -2.55% | -6.97% | +4.42% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -14.97% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 1.71% | -0.22% |
Volatility
HDIQ.L vs. JPAS.L - Volatility Comparison
iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.L) has a higher volatility of 2.84% compared to JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.L) at 1.77%. This indicates that HDIQ.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.
Loading charts...
Volatility by Period
| HDIQ.L | JPAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 1.77% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 4.71% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 6.37% | +3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.05% | 8.32% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 12.24% | +2.01% |
HDIQ.L vs. JPAS.L - Expense Ratio Comparison
HDIQ.L has a 0.35% expense ratio, which is higher than JPAS.L's 0.18% expense ratio.
Dividends
HDIQ.L vs. JPAS.L - Dividend Comparison
HDIQ.L's dividend yield for the trailing twelve months is around 1.53%, while JPAS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 1.53% | 1.69% | 1.90% | 2.05% | 2.28% | 2.04% | 2.71% | 2.43% | 0.00% | 1.13% | 2.13% | 2.40% |
JPAS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDIQ.L and JPAS.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPAS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPAS.L is cheaper with a 0.18% expense ratio, compared with 0.35% for HDIQ.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.35% for HDIQ.L and 0.18% for JPAS.L.
Find the right allocation for HDIQ.L and JPAS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer