IS3M.DE vs. JPPS.DE
IS3M.DE (iShares € Ultrashort Bond UCITS ETF) and JPPS.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Dist) are both Ultrashort Bond funds. IS3M.DE is passively managed, while JPPS.DE is actively managed. Over the past 5 years, IS3M.DE returned 2.16%/yr vs 4.29%/yr for JPPS.DE. At a 0.00 correlation, their price movements are largely independent. IS3M.DE charges 0.09%/yr vs 0.18%/yr for JPPS.DE.
Performance
IS3M.DE vs. JPPS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3M.DE achieves a 1.16% return, which is significantly lower than JPPS.DE's 4.50% return.
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%
JPPS.DE
- 1D
- -0.14%
- 1M
- 1.51%
- 6M
- 3.43%
- YTD
- 4.50%
- 1Y
- 5.52%
- 3Y*
- 4.42%
- 5Y*
- 4.29%
- 10Y*
- —
IS3M.DE vs. JPPS.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% | -0.58% |
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.50% | -6.60% | 11.60% | 1.47% | 7.22% | 8.57% | -6.84% | 5.86% | -10.93% |
Correlation
The correlation between IS3M.DE and JPPS.DE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.00 |
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Return for Risk
IS3M.DE vs. JPPS.DE — Risk / Return Rank
IS3M.DE
JPPS.DE
IS3M.DE vs. JPPS.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 USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.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 | JPPS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.19 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 7.19 | 1.96 | +5.23 |
| Martin ratioReturn relative to average drawdown | 44.37 | 4.74 | +39.63 |
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Drawdowns
IS3M.DE vs. JPPS.DE - Drawdown Comparison
The maximum IS3M.DE drawdown since its inception was -3.80%, smaller than the maximum JPPS.DE drawdown of -19.53%. Use the drawdown chart below to compare losses from any high point for IS3M.DE and JPPS.DE.
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Drawdown Indicators
| IS3M.DE | JPPS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.80% | -19.53% | +15.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -3.24% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -0.47% | -11.23% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -1.13% | -11.65% | +10.52% |
Max Drawdown (10Y)Largest decline over 10 years | -3.80% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -4.75% | +4.72% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -7.08% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.33% | -1.28% |
Volatility
IS3M.DE vs. JPPS.DE - Volatility Comparison
The current volatility for iShares € Ultrashort Bond UCITS ETF (IS3M.DE) is 0.29%, while JPM USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.DE) has a volatility of 1.47%. This indicates that IS3M.DE experiences smaller price fluctuations and is considered to be less risky than JPPS.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 | JPPS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 1.47% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 4.11% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 5.91% | -5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.77% | 7.41% | -6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.11% | 9.38% | -8.27% |
IS3M.DE vs. JPPS.DE - Expense Ratio Comparison
IS3M.DE has a 0.09% expense ratio, which is lower than JPPS.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. JPPS.DE - Dividend Comparison
IS3M.DE's dividend yield for the trailing twelve months is around 2.33%, less than JPPS.DE's 4.04% yield.
| 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% |
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.04% | 4.47% | 5.12% | 4.54% | 1.19% | 0.64% | 2.07% | 2.65% | 1.77% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IS3M.DE and JPPS.DE have a correlation of 0.04, 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 JPPS.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for IS3M.DE and 0.18% for JPPS.DE.
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