JGST.L vs. BBM3.L
JGST.L (JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist)) and BBM3.L (JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc)) are both exchange-traded funds - JGST.L is a Ultrashort Bond fund actively managed by JPMorgan, while BBM3.L is a Government Bonds fund tracking the ICE 0-3 Month US Treasury Notes & Bills Index. JGST.L is actively managed, while BBM3.L is passively managed. Over the past 5 years, JGST.L returned 3.35%/yr vs 4.56%/yr for BBM3.L. At a correlation of -0.06, they often move in opposite directions. JGST.L charges 0.18%/yr vs 0.07%/yr for BBM3.L.
Performance
JGST.L vs. BBM3.L - Performance Comparison
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Returns By Period
In the year-to-date period, JGST.L achieves a 1.36% return, which is significantly lower than BBM3.L's 1.63% return.
JGST.L
- 1D
- -0.07%
- 1M
- 0.50%
- YTD
- 1.36%
- 6M
- 1.67%
- 1Y
- 4.22%
- 3Y*
- 4.99%
- 5Y*
- 3.35%
- 10Y*
- —
BBM3.L
- 1D
- 0.09%
- 1M
- 1.32%
- YTD
- 1.63%
- 6M
- 1.18%
- 1Y
- 4.93%
- 3Y*
- 1.97%
- 5Y*
- 4.56%
- 10Y*
- —
JGST.L vs. BBM3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 1.36% | 4.98% | 5.09% | 5.01% | 0.58% | 0.00% |
BBM3.L JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) | 1.63% | -2.96% | 7.04% | -0.79% | 13.68% | 4.38% |
Correlation
The correlation between JGST.L and BBM3.L is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2021 | -0.06 |
The correlation between JGST.L and BBM3.L shifts across timeframes, from -0.16 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JGST.L vs. BBM3.L — Risk / Return Rank
JGST.L
BBM3.L
JGST.L vs. BBM3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) and JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.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.
| JGST.L | BBM3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.79 | ||
| Sortino ratioReturn per unit of downside risk | +10.57 | ||
| Omega ratioGain probability vs. loss probability | 3.00 | 1.13 | +1.87 |
| Calmar ratioReturn relative to maximum drawdown | 10.07 | 1.09 | +8.99 |
| Martin ratioReturn relative to average drawdown | 60.92 | 2.71 | +58.21 |
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
| JGST.L | BBM3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.55 | 0.76 | +5.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.77 | 0.54 | +5.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.32 | 0.50 | +3.82 |
Drawdowns
JGST.L vs. BBM3.L - Drawdown Comparison
The maximum JGST.L drawdown since its inception was -1.18%, smaller than the maximum BBM3.L drawdown of -15.27%. Use the drawdown chart below to compare losses from any high point for JGST.L and BBM3.L.
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Drawdown Indicators
| JGST.L | BBM3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.18% | -15.27% | +14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -4.52% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -0.43% | -9.77% | +9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -15.27% | +14.51% |
Current DrawdownCurrent decline from peak | -0.07% | -5.65% | +5.58% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -6.31% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 1.81% | -1.74% |
Volatility
JGST.L vs. BBM3.L - Volatility Comparison
The current volatility for JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) is 0.25%, while JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) (BBM3.L) has a volatility of 1.89%. This indicates that JGST.L experiences smaller price fluctuations and is considered to be less risky than BBM3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGST.L | BBM3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 1.89% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 4.68% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.65% | 6.47% | -5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 8.43% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.57% | 8.38% | -7.81% |
JGST.L vs. BBM3.L - Expense Ratio Comparison
JGST.L has a 0.18% expense ratio, which is higher than BBM3.L's 0.07% 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%.
Dividends
JGST.L vs. BBM3.L - Dividend Comparison
JGST.L's dividend yield for the trailing twelve months is around 4.29%, while BBM3.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBM3.L JPMorgan BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 4.29% | 4.37% | 5.01% | 3.88% | 1.01% | 0.51% | 0.73% | 0.72% | 0.21% |
Frequently Asked Questions
JGST.L and BBM3.L have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BBM3.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BBM3.L is cheaper with a 0.07% expense ratio, compared with 0.18% for JGST.L.
JGST.L is categorized as Ultrashort Bond, while BBM3.L is Government Bonds. Their fees differ too: 0.18% for JGST.L and 0.07% for BBM3.L.
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