JGST.L vs. FLOS.L
JGST.L (JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist)) and FLOS.L (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)) are both Ultrashort Bond funds. JGST.L is actively managed, while FLOS.L is passively managed. Over the past 5 years, JGST.L returned 3.47%/yr vs 4.01%/yr for FLOS.L. At a 0.11 correlation, their price movements are largely independent. JGST.L charges 0.18%/yr vs 0.12%/yr for FLOS.L.
Performance
JGST.L vs. FLOS.L - Performance Comparison
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Different Trading Currencies
JGST.L is traded in GBP, while FLOS.L is traded in GBp. To make them comparable, the FLOS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JGST.L achieves a 1.91% return, which is significantly lower than FLOS.L's 2.36% return.
JGST.L
- 1D
- 0.04%
- 1M
- 0.24%
- 6M
- 1.73%
- YTD
- 1.91%
- 1Y
- 4.08%
- 3Y*
- 5.01%
- 5Y*
- 3.47%
- 10Y*
- —
FLOS.L
- 1D
- 0.04%
- 1M
- 0.31%
- 6M
- 2.21%
- YTD
- 2.36%
- 1Y
- 4.64%
- 3Y*
- 5.41%
- 5Y*
- 4.01%
- 10Y*
- —
JGST.L vs. FLOS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 1.91% | 4.97% | 5.10% | 5.01% | 0.57% | -0.01% | 1.10% | 1.18% | 0.37% |
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 2.36% | 4.78% | 6.24% | 6.00% | 0.83% | 0.10% | 0.18% | 2.42% | -0.76% |
Correlation
The correlation between JGST.L and FLOS.L 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 | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.11 |
The correlation between JGST.L and FLOS.L shifts across timeframes, from -0.04 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JGST.L vs. FLOS.L — Risk / Return Rank
JGST.L
FLOS.L
JGST.L vs. FLOS.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 iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.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.
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.
| JGST.L | FLOS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 2.71 | 2.00 | +0.70 |
| Calmar ratioReturn relative to maximum drawdown | 9.50 | 15.76 | -6.27 |
| Martin ratioReturn relative to average drawdown | 56.16 | 79.94 | -23.77 |
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Drawdowns
JGST.L vs. FLOS.L - Drawdown Comparison
The maximum JGST.L drawdown since its inception was -1.19%, smaller than the maximum FLOS.L drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for JGST.L and FLOS.L.
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Drawdown Indicators
| JGST.L | FLOS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -14.78% | +13.59% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -0.29% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -0.43% | -1.46% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -2.13% | +1.37% |
Current DrawdownCurrent decline from peak | -0.08% | -0.09% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -0.25% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.06% | +0.01% |
Volatility
JGST.L vs. FLOS.L - Volatility Comparison
JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) and iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) have volatilities of 0.22% and 0.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGST.L | FLOS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 0.22% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 0.80% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.69% | 1.07% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 1.68% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.57% | 3.36% | -2.79% |
JGST.L vs. FLOS.L - Expense Ratio Comparison
JGST.L has a 0.18% expense ratio, which is higher than FLOS.L's 0.12% 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. FLOS.L - Dividend Comparison
JGST.L's dividend yield for the trailing twelve months is around 4.20%, less than FLOS.L's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 4.68% | 5.02% | 5.93% | 5.46% | 1.50% | 0.57% | 1.62% | 2.95% | 2.27% |
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 4.20% | 4.37% | 5.01% | 3.88% | 1.01% | 0.40% | 0.73% | 0.72% | 0.21% |
Frequently Asked Questions
JGST.L and FLOS.L 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, FLOS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOS.L is cheaper with a 0.12% expense ratio, compared with 0.18% for JGST.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.18% for JGST.L and 0.12% for FLOS.L.
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