IS3M.DE vs. JEST.DE
IS3M.DE (iShares € Ultrashort Bond UCITS ETF) and JEST.DE (JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc) are both Ultrashort Bond funds. IS3M.DE is passively managed, while JEST.DE is actively managed. Over the past 5 years, IS3M.DE returned 2.16%/yr vs 2.04%/yr for JEST.DE. At a 0.15 correlation, their price movements are largely independent. IS3M.DE charges 0.09%/yr vs 0.18%/yr for JEST.DE.
Performance
IS3M.DE vs. JEST.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with IS3M.DE at 1.16% and JEST.DE at 1.16%.
IS3M.DE
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 1.01%
- YTD
- 1.16%
- 1Y
- 2.14%
- 3Y*
- 3.28%
- 5Y*
- 2.16%
- 10Y*
- 1.03%
JEST.DE
- 1D
- -0.00%
- 1M
- 0.20%
- 6M
- 1.04%
- YTD
- 1.16%
- 1Y
- 2.14%
- 3Y*
- 3.28%
- 5Y*
- 2.04%
- 10Y*
- —
IS3M.DE vs. JEST.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 1.16% | 2.60% | 4.13% | 3.42% | -0.29% | -0.36% | 0.09% | 0.34% | -0.40% |
JEST.DE JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc | 1.16% | 2.61% | 3.93% | 3.33% | -0.45% | -0.39% | -0.19% | 0.19% | -0.35% |
Correlation
The correlation between IS3M.DE and JEST.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.15 |
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Return for Risk
IS3M.DE vs. JEST.DE — Risk / Return Rank
IS3M.DE
JEST.DE
IS3M.DE vs. JEST.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond UCITS ETF (IS3M.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.
| IS3M.DE | JEST.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.84 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 7.19 | 5.65 | +1.53 |
| Martin ratioReturn relative to average drawdown | 44.37 | 29.32 | +15.06 |
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Drawdowns
IS3M.DE vs. JEST.DE - Drawdown Comparison
The maximum IS3M.DE drawdown since its inception was -3.80%, 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 IS3M.DE and JEST.DE.
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Drawdown Indicators
| IS3M.DE | JEST.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.80% | -2.16% | -1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -0.37% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -0.47% | -0.37% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -1.13% | -1.32% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -3.80% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.04% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -0.42% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.07% | -0.02% |
Volatility
IS3M.DE vs. JEST.DE - Volatility Comparison
iShares € Ultrashort Bond UCITS ETF (IS3M.DE) has a higher volatility of 0.29% compared to JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc (JEST.DE) at 0.14%. This indicates that IS3M.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
| IS3M.DE | JEST.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 0.14% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 0.55% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 0.61% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.77% | 0.48% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.11% | 0.70% | +0.41% |
IS3M.DE vs. JEST.DE - Expense Ratio Comparison
IS3M.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
IS3M.DE vs. JEST.DE - Dividend Comparison
IS3M.DE's dividend yield for the trailing twelve months is around 2.33%, while JEST.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
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
IS3M.DE and JEST.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.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 IS3M.DE and 0.18% for JEST.DE.
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