JGST.L vs. JPTS.L
JGST.L (JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist)) and JPTS.L (JPM USD Ultra-Short Income Active UCITS ETF USD (Dist)) are both Ultrashort Bond funds from JPMorgan. Both are actively managed. Over the past 5 years, JGST.L returned 3.47%/yr vs 4.17%/yr for JPTS.L. At a correlation of -0.02, they often move in opposite directions. Both charge a 0.18% expense ratio.
Performance
JGST.L vs. JPTS.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JGST.L having a 1.91% return and JPTS.L slightly lower at 1.83%.
JGST.L
- 1D
- -0.05%
- 1M
- 0.20%
- 6M
- 1.72%
- YTD
- 1.91%
- 1Y
- 4.07%
- 3Y*
- 5.00%
- 5Y*
- 3.47%
- 10Y*
- —
JPTS.L
- 1D
- 0.24%
- 1M
- -0.20%
- 6M
- 1.14%
- YTD
- 1.83%
- 1Y
- 3.80%
- 3Y*
- 4.09%
- 5Y*
- 4.17%
- 10Y*
- —
JGST.L vs. JPTS.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% |
JPTS.L JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) | 1.83% | -2.07% | 7.29% | -0.72% | 13.11% | 1.38% | -1.15% | 0.16% | 5.95% |
Correlation
The correlation between JGST.L and JPTS.L is -0.20, 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 | -0.20 |
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 Jun 6, 2018 | -0.02 |
The correlation between JGST.L and JPTS.L shifts across timeframes, from -0.20 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JGST.L vs. JPTS.L — Risk / Return Rank
JGST.L
JPTS.L
JGST.L vs. JPTS.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 JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) (JPTS.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 | JPTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.24 | ||
| Sortino ratioReturn per unit of downside risk | +9.22 | ||
| Omega ratioGain probability vs. loss probability | 2.67 | 1.11 | +1.56 |
| Calmar ratioReturn relative to maximum drawdown | 9.47 | 0.87 | +8.60 |
| Martin ratioReturn relative to average drawdown | 55.87 | 2.22 | +53.65 |
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Drawdowns
JGST.L vs. JPTS.L - Drawdown Comparison
The maximum JGST.L drawdown since its inception was -1.19%, smaller than the maximum JPTS.L drawdown of -30.07%. Use the drawdown chart below to compare losses from any high point for JGST.L and JPTS.L.
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Drawdown Indicators
| JGST.L | JPTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.19% | -30.07% | +28.88% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -4.35% | +3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -0.43% | -9.36% | +8.93% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -15.32% | +14.56% |
Current DrawdownCurrent decline from peak | -0.08% | -4.15% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -13.92% | +13.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 1.71% | -1.64% |
Volatility
JGST.L vs. JPTS.L - Volatility Comparison
The current volatility for JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) is 0.21%, while JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) (JPTS.L) has a volatility of 1.23%. This indicates that JGST.L experiences smaller price fluctuations and is considered to be less risky than JPTS.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 | JPTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 1.23% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.64% | 4.68% | -4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.69% | 6.37% | -5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 8.32% | -7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.57% | 12.95% | -12.38% |
JGST.L vs. JPTS.L - Expense Ratio Comparison
Both JGST.L and JPTS.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JGST.L vs. JPTS.L - Dividend Comparison
JGST.L's dividend yield for the trailing twelve months is around 4.20%, more than JPTS.L's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
JPTS.L JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) | 4.11% | 4.38% | 5.19% | 4.55% | 1.16% | 0.66% | 2.03% | 2.76% | 1.74% |
Frequently Asked Questions
JGST.L and JPTS.L have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JGST.L and JPTS.L have the same expense ratio: 0.18% per year.
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