IS3L.DE vs. JEST.DE
IS3L.DE (iShares $ Ultrashort Bond UCITS ETF USD (Dist)) and JEST.DE (JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc) are both Ultrashort Bond funds. IS3L.DE is passively managed, while JEST.DE is actively managed. Over the past 5 years, IS3L.DE returned 4.50%/yr vs 2.04%/yr for JEST.DE. At a 0.02 correlation, their price movements are largely independent. IS3L.DE charges 0.09%/yr vs 0.18%/yr for JEST.DE.
Performance
IS3L.DE vs. JEST.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3L.DE achieves a 5.03% return, which is significantly higher than JEST.DE's 1.17% return.
IS3L.DE
- 1D
- 0.09%
- 1M
- 1.67%
- 6M
- 3.08%
- YTD
- 5.03%
- 1Y
- 5.65%
- 3Y*
- 4.45%
- 5Y*
- 4.50%
- 10Y*
- 2.38%
JEST.DE
- 1D
- 0.04%
- 1M
- 0.21%
- 6M
- 1.06%
- YTD
- 1.17%
- 1Y
- 2.10%
- 3Y*
- 3.27%
- 5Y*
- 2.04%
- 10Y*
- —
IS3L.DE vs. JEST.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 5.03% | -7.06% | 11.88% | 1.83% | 7.62% | 8.58% | -7.79% | 5.65% | 3.19% |
JEST.DE JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc | 1.17% | 2.61% | 3.93% | 3.33% | -0.45% | -0.39% | -0.19% | 0.19% | -0.35% |
Correlation
The correlation between IS3L.DE and JEST.DE is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.02 |
The correlation between IS3L.DE and JEST.DE shifts across timeframes, from -0.10 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3L.DE vs. JEST.DE — Risk / Return Rank
IS3L.DE
JEST.DE
IS3L.DE vs. JEST.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) and JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc (JEST.DE). 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.
| IS3L.DE | JEST.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -4.47 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.82 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 5.59 | -3.90 |
| Martin ratioReturn relative to average drawdown | 4.09 | 28.94 | -24.85 |
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Drawdowns
IS3L.DE vs. JEST.DE - Drawdown Comparison
The maximum IS3L.DE drawdown since its inception was -28.17%, which is greater than JEST.DE's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for IS3L.DE and JEST.DE.
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Drawdown Indicators
| IS3L.DE | JEST.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.17% | -2.16% | -26.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -0.37% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -11.38% | -0.37% | -11.01% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -1.32% | -10.06% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | — | — |
Current DrawdownCurrent decline from peak | -4.72% | -0.04% | -4.68% |
Average DrawdownAverage peak-to-trough decline | -9.18% | -0.42% | -8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.07% | +1.31% |
Volatility
IS3L.DE vs. JEST.DE - Volatility Comparison
iShares $ Ultrashort Bond UCITS ETF USD (Dist) (IS3L.DE) has a higher volatility of 1.14% compared to JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc (JEST.DE) at 0.15%. This indicates that IS3L.DE's price experiences larger fluctuations and is considered to be riskier than JEST.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3L.DE | JEST.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 0.15% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 0.55% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 0.61% | +5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 0.49% | +6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.53% | 0.70% | +9.83% |
IS3L.DE vs. JEST.DE - Expense Ratio Comparison
IS3L.DE has a 0.09% expense ratio, which is lower than JEST.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS3L.DE vs. JEST.DE - Dividend Comparison
IS3L.DE's dividend yield for the trailing twelve months is around 4.24%, while JEST.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3L.DE iShares $ Ultrashort Bond UCITS ETF USD (Dist) | 4.24% | 4.74% | 5.44% | 5.05% | 1.59% | 0.47% | 1.64% | 2.71% | 2.19% | 1.45% | 0.97% | 0.72% |
JEST.DE 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% | 0.00% | 0.00% |
Frequently Asked Questions
IS3L.DE and JEST.DE 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.
On fees, IS3L.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3L.DE is cheaper with a 0.09% expense ratio, compared with 0.18% for JEST.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for IS3L.DE and 0.18% for JEST.DE.
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