JGST.L vs. TRIS.L
JGST.L (JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist)) and TRIS.L (Invesco US Treasury Bond 0-1 Year UCITS ETF Dist) are both exchange-traded funds - JGST.L is a Ultrashort Bond fund actively managed by JPMorgan, while TRIS.L is a Government Bonds fund tracking the Bloomberg US Treasury Coupons Index. JGST.L is actively managed, while TRIS.L is passively managed. Over the past 5 years, JGST.L returned 3.35%/yr vs 4.36%/yr for TRIS.L. At a correlation of -0.06, they often move in opposite directions. JGST.L charges 0.18%/yr vs 0.06%/yr for TRIS.L.
Performance
JGST.L vs. TRIS.L - Performance Comparison
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Different Trading Currencies
JGST.L is traded in GBP, while TRIS.L is traded in GBp. To make them comparable, the TRIS.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 1.36% return, which is significantly lower than TRIS.L's 1.60% 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*
- —
TRIS.L
- 1D
- 0.05%
- 1M
- 1.33%
- YTD
- 1.60%
- 6M
- 1.14%
- 1Y
- 4.90%
- 3Y*
- 2.01%
- 5Y*
- 4.36%
- 10Y*
- —
JGST.L vs. TRIS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 1.36% | 4.98% | 5.09% | 5.01% | 0.58% | 0.10% | 0.91% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 1.60% | -2.79% | 6.84% | -0.75% | 12.57% | 1.25% | -3.44% |
Correlation
The correlation between JGST.L and TRIS.L is -0.18, 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 | -0.18 |
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 Jan 27, 2020 | -0.06 |
The correlation between JGST.L and TRIS.L shifts across timeframes, from -0.18 (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. TRIS.L — Risk / Return Rank
JGST.L
TRIS.L
JGST.L vs. TRIS.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 Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.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 | TRIS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.79 | ||
| Sortino ratioReturn per unit of downside risk | +10.58 | ||
| Omega ratioGain probability vs. loss probability | 3.00 | 1.13 | +1.87 |
| Calmar ratioReturn relative to maximum drawdown | 10.07 | 1.09 | +8.98 |
| Martin ratioReturn relative to average drawdown | 60.92 | 2.75 | +58.17 |
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 | TRIS.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 | 0.52 | +5.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.32 | 0.26 | +4.06 |
Drawdowns
JGST.L vs. TRIS.L - Drawdown Comparison
The maximum JGST.L drawdown since its inception was -1.18%, smaller than the maximum TRIS.L drawdown of -18.99%. Use the drawdown chart below to compare losses from any high point for JGST.L and TRIS.L.
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Drawdown Indicators
| JGST.L | TRIS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.18% | -18.99% | +17.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -4.49% | +4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -0.43% | -9.71% | +9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -15.37% | +14.61% |
Current DrawdownCurrent decline from peak | -0.07% | -5.66% | +5.59% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -9.81% | +9.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 1.78% | -1.71% |
Volatility
JGST.L vs. TRIS.L - Volatility Comparison
The current volatility for JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) is 0.25%, while Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) has a volatility of 2.02%. This indicates that JGST.L experiences smaller price fluctuations and is considered to be less risky than TRIS.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 | TRIS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 2.02% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 4.71% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.65% | 6.45% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 8.34% | -7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.57% | 8.80% | -8.23% |
JGST.L vs. TRIS.L - Expense Ratio Comparison
JGST.L has a 0.18% expense ratio, which is higher than TRIS.L's 0.06% 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. TRIS.L - Dividend Comparison
JGST.L's dividend yield for the trailing twelve months is around 4.29%, more than TRIS.L's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 4.01% | 4.26% | 4.87% | 4.68% | 1.52% | 0.10% | 0.57% | 0.00% | 0.00% |
Frequently Asked Questions
JGST.L and TRIS.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRIS.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRIS.L is cheaper with a 0.06% expense ratio, compared with 0.18% for JGST.L.
JGST.L is categorized as Ultrashort Bond, while TRIS.L is Government Bonds. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.18% for JGST.L and 0.06% for TRIS.L.
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