JPAS.L vs. VHYL.L
JPAS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc) and VHYL.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both Dividend funds. JPAS.L is actively managed, while VHYL.L is passively managed. Over the past 5 years, JPAS.L returned 4.11%/yr vs 12.03%/yr for VHYL.L. At a 0.09 correlation, their price movements are largely independent. JPAS.L charges 0.18%/yr vs 0.29%/yr for VHYL.L.
Performance
JPAS.L vs. VHYL.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPAS.L achieves a 1.52% return, which is significantly lower than VHYL.L's 12.87% return.
JPAS.L
- 1D
- -0.62%
- 1M
- -0.14%
- 6M
- 1.35%
- YTD
- 1.52%
- 1Y
- 3.51%
- 3Y*
- 4.11%
- 5Y*
- 4.11%
- 10Y*
- —
VHYL.L
- 1D
- -0.88%
- 1M
- 0.07%
- 6M
- 9.96%
- YTD
- 12.87%
- 1Y
- 25.67%
- 3Y*
- 17.08%
- 5Y*
- 12.03%
- 10Y*
- 9.75%
JPAS.L vs. VHYL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPAS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc | 1.52% | -2.07% | 7.27% | -0.71% | 13.13% | 1.38% | -1.17% | -22.44% |
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 12.87% | 18.23% | 11.22% | 5.25% | 5.95% | 19.23% | -3.53% | 7.62% |
Correlation
The correlation between JPAS.L and VHYL.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | 0.09 |
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Return for Risk
JPAS.L vs. VHYL.L — Risk / Return Rank
JPAS.L
VHYL.L
JPAS.L vs. VHYL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.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.
| JPAS.L | VHYL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.56 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 3.68 | -2.87 |
| Martin ratioReturn relative to average drawdown | 2.05 | 13.28 | -11.23 |
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Drawdowns
JPAS.L vs. VHYL.L - Drawdown Comparison
The maximum JPAS.L drawdown since its inception was -26.18%, smaller than the maximum VHYL.L drawdown of -27.87%. Use the drawdown chart below to compare losses from any high point for JPAS.L and VHYL.L.
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Drawdown Indicators
| JPAS.L | VHYL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.18% | -27.87% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -6.95% | +2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -9.32% | -12.79% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -12.79% | -2.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.87% | — |
Current DrawdownCurrent decline from peak | -6.97% | -0.91% | -6.06% |
Average DrawdownAverage peak-to-trough decline | -14.97% | -3.58% | -11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.93% | -0.22% |
Volatility
JPAS.L vs. VHYL.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.L) is 1.77%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYL.L) has a volatility of 1.94%. This indicates that JPAS.L experiences smaller price fluctuations and is considered to be less risky than VHYL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPAS.L | VHYL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.94% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 7.01% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 8.70% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 10.76% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.24% | 12.99% | -0.75% |
JPAS.L vs. VHYL.L - Expense Ratio Comparison
JPAS.L has a 0.18% expense ratio, which is lower than VHYL.L's 0.29% expense ratio.
Dividends
JPAS.L vs. VHYL.L - Dividend Comparison
JPAS.L has not paid dividends to shareholders, while VHYL.L's dividend yield for the trailing twelve months is around 2.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPAS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VHYL.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.54% | 2.79% | 3.08% | 3.37% | 3.67% | 3.08% | 3.28% | 3.34% | 3.63% | 3.09% | 2.88% | 3.20% |
Frequently Asked Questions
JPAS.L and VHYL.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPAS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPAS.L is cheaper with a 0.18% expense ratio, compared with 0.29% for VHYL.L.
They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.18% for JPAS.L and 0.29% for VHYL.L.
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