JGST.L vs. SMH
Compare and contrast key facts about JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) and VanEck Semiconductor ETF (SMH).
JGST.L and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JGST.L is an actively managed fund by JPMorgan. It was launched on Apr 3, 2019. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Performance
JGST.L vs. SMH - Performance Comparison
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JGST.L vs. SMH - 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) | 0.48% | 4.98% | 5.09% | 5.01% | 0.58% | 0.10% | 1.10% | 1.19% | 0.34% |
SMH VanEck Semiconductor ETF | 10.64% | 38.54% | 41.53% | 64.71% | -25.63% | 43.48% | 50.97% | 58.19% | -15.35% |
Different Trading Currencies
JGST.L is traded in GBP, while SMH is traded in USD. To make them comparable, the SMH 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 0.48% return, which is significantly lower than SMH's 10.64% return.
JGST.L
- 1D
- 0.11%
- 1M
- -0.07%
- YTD
- 0.48%
- 6M
- 1.76%
- 1Y
- 4.23%
- 3Y*
- 4.92%
- 5Y*
- 3.20%
- 10Y*
- —
SMH
- 1D
- 2.00%
- 1M
- -2.46%
- YTD
- 10.64%
- 6M
- 19.82%
- 1Y
- 80.40%
- 3Y*
- 41.11%
- 5Y*
- 27.22%
- 10Y*
- 32.51%
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JGST.L vs. SMH - Expense Ratio Comparison
JGST.L has a 0.18% expense ratio, which is lower than SMH's 0.35% expense ratio.
Return for Risk
JGST.L vs. SMH — Risk / Return Rank
JGST.L
SMH
JGST.L vs. SMH - 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 VanEck Semiconductor ETF (SMH). 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 | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 7.72 | 2.20 | +5.52 |
Sortino ratioReturn per unit of downside risk | 13.03 | 2.80 | +10.23 |
Omega ratioGain probability vs. loss probability | 3.51 | 1.40 | +2.11 |
Calmar ratioReturn relative to maximum drawdown | 9.96 | 5.47 | +4.48 |
Martin ratioReturn relative to average drawdown | 65.29 | 18.75 | +46.55 |
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 | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.72 | 2.20 | +5.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.74 | 0.82 | +4.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.32 | 0.76 | +3.55 |
Correlation
The correlation between JGST.L and SMH is 0.00, 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
JGST.L vs. SMH - Dividend Comparison
JGST.L's dividend yield for the trailing twelve months is around 4.28%, more than SMH's 0.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 4.28% | 4.37% | 5.01% | 3.88% | 1.01% | 0.51% | 0.73% | 0.72% | 0.21% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
JGST.L vs. SMH - Drawdown Comparison
The maximum JGST.L drawdown since its inception was -1.18%, smaller than the maximum SMH drawdown of -47.21%. Use the drawdown chart below to compare losses from any high point for JGST.L and SMH.
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Drawdown Indicators
| JGST.L | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.18% | -84.96% | +83.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -15.95% | +15.52% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -45.30% | +44.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.30% | — |
Current DrawdownCurrent decline from peak | -0.15% | -8.02% | +7.87% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -41.35% | +41.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 4.47% | -4.41% |
Volatility
JGST.L vs. SMH - Volatility Comparison
The current volatility for JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) is 0.36%, while VanEck Semiconductor ETF (SMH) has a volatility of 10.88%. This indicates that JGST.L experiences smaller price fluctuations and is considered to be less risky than SMH 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 | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 10.88% | -10.52% |
Volatility (6M)Calculated over the trailing 6-month period | 0.46% | 23.35% | -22.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.55% | 36.82% | -36.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.56% | 33.23% | -32.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.55% | 31.66% | -31.11% |