JGSA.L vs. ERN1.L
Compare and contrast key facts about JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.L) and iShares € Ultrashort Bond UCITS ETF (ERN1.L).
JGSA.L and ERN1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JGSA.L is an actively managed fund by JPMorgan. It was launched on Apr 3, 2019. ERN1.L is a passively managed fund by iShares that tracks the performance of the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. It was launched on Oct 16, 2013.
Performance
JGSA.L vs. ERN1.L - Performance Comparison
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JGSA.L vs. ERN1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JGSA.L JPM GBP Ultra-Short Income Active ETF GBP Acc | 0.47% | 5.06% | 5.09% | 5.01% | 0.58% | -0.02% | 1.11% | 0.74% |
ERN1.L iShares € Ultrashort Bond UCITS ETF | -0.37% | 926.99% | 26.16% | -339.28% | 5.26% | -6.83% | 5.64% | -1.06% |
Returns By Period
In the year-to-date period, JGSA.L achieves a 0.47% return, which is significantly higher than ERN1.L's -0.37% return.
JGSA.L
- 1D
- 0.11%
- 1M
- -0.07%
- YTD
- 0.47%
- 6M
- 1.76%
- 1Y
- 4.28%
- 3Y*
- 4.94%
- 5Y*
- 3.22%
- 10Y*
- —
ERN1.L
- 1D
- -0.09%
- 1M
- -0.76%
- YTD
- -0.37%
- 6M
- -599.07%
- 1Y
- 908.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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JGSA.L vs. ERN1.L - Expense Ratio Comparison
JGSA.L has a 0.18% expense ratio, which is higher than ERN1.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
JGSA.L vs. ERN1.L — Risk / Return Rank
JGSA.L
ERN1.L
JGSA.L vs. ERN1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.L) and iShares € Ultrashort Bond UCITS ETF (ERN1.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.
| JGSA.L | ERN1.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.81 | 1.36 | +5.45 |
Sortino ratioReturn per unit of downside risk | 11.59 | -1.33 | +12.92 |
Omega ratioGain probability vs. loss probability | 3.28 | 0.03 | +3.25 |
Calmar ratioReturn relative to maximum drawdown | 10.33 | 1.52 | +8.81 |
Martin ratioReturn relative to average drawdown | 54.64 | 2.78 | +51.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JGSA.L | ERN1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.81 | 1.36 | +5.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.99 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.23 | — | — |
Correlation
The correlation between JGSA.L and ERN1.L is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JGSA.L vs. ERN1.L - Dividend Comparison
JGSA.L has not paid dividends to shareholders, while ERN1.L's dividend yield for the trailing twelve months is around 271.43%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGSA.L JPM GBP Ultra-Short Income Active ETF GBP 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% |
ERN1.L iShares € Ultrashort Bond UCITS ETF | 271.43% | 270.43% | 382.39% | 214.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.00% | 13.08% |
Drawdowns
JGSA.L vs. ERN1.L - Drawdown Comparison
The maximum JGSA.L drawdown since its inception was -1.42%, smaller than the maximum ERN1.L drawdown of -596.86%. Use the drawdown chart below to compare losses from any high point for JGSA.L and ERN1.L.
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Drawdown Indicators
| JGSA.L | ERN1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.42% | -596.86% | +595.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -297.73% | +297.31% |
Max Drawdown (5Y)Largest decline over 5 years | -0.73% | -596.86% | +596.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -596.86% | — |
Current DrawdownCurrent decline from peak | -0.12% | -590.68% | +590.56% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -36.27% | +36.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 326.57% | -326.49% |
Volatility
JGSA.L vs. ERN1.L - Volatility Comparison
The current volatility for JPM GBP Ultra-Short Income Active ETF GBP Acc (JGSA.L) is 0.30%, while iShares € Ultrashort Bond UCITS ETF (ERN1.L) has a volatility of 1.28%. This indicates that JGSA.L experiences smaller price fluctuations and is considered to be less risky than ERN1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGSA.L | ERN1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 1.28% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 0.42% | 3.06% | -2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.63% | 661.69% | -661.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.54% | 344.47% | -343.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.61% | 243.54% | -242.93% |