JPPA.DE vs. JEST.DE
JPPA.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Acc) and JEST.DE (JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc) are both Ultrashort Bond funds from JPMorgan. Both are actively managed. Over the past 5 years, JPPA.DE returned 4.27%/yr vs 2.04%/yr for JEST.DE. At a 0.03 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
JPPA.DE vs. JEST.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPPA.DE achieves a 4.36% return, which is significantly higher than JEST.DE's 1.16% return.
JPPA.DE
- 1D
- -0.27%
- 1M
- 1.38%
- 6M
- 3.29%
- YTD
- 4.36%
- 1Y
- 5.45%
- 3Y*
- 4.38%
- 5Y*
- 4.27%
- 10Y*
- —
JEST.DE
- 1D
- -0.00%
- 1M
- 0.20%
- 6M
- 1.04%
- YTD
- 1.16%
- 1Y
- 2.14%
- 3Y*
- 3.28%
- 5Y*
- 2.04%
- 10Y*
- —
JPPA.DE vs. JEST.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPPA.DE JPM USD Ultra-Short Income Active UCITS ETF USD Acc | 4.36% | -6.63% | 11.65% | 1.48% | 7.22% | 8.54% | -6.81% | -8.56% |
JEST.DE JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc | 1.16% | 2.61% | 3.93% | 3.33% | -0.45% | -0.39% | -0.19% | -0.03% |
Correlation
The correlation between JPPA.DE and JEST.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | 0.03 |
The correlation between JPPA.DE and JEST.DE shifts across timeframes, from -0.08 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPPA.DE vs. JEST.DE — Risk / Return Rank
JPPA.DE
JEST.DE
JPPA.DE vs. JEST.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) and JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc (JEST.DE). 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.
| JPPA.DE | JEST.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -4.40 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.84 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 5.65 | -3.74 |
| Martin ratioReturn relative to average drawdown | 4.64 | 29.32 | -24.68 |
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Drawdowns
JPPA.DE vs. JEST.DE - Drawdown Comparison
The maximum JPPA.DE drawdown since its inception was -14.84%, which is greater than JEST.DE's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for JPPA.DE and JEST.DE.
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Drawdown Indicators
| JPPA.DE | JEST.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.84% | -2.16% | -12.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -0.37% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.19% | -0.37% | -10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -11.62% | -1.32% | -10.30% |
Current DrawdownCurrent decline from peak | -4.86% | -0.04% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -0.42% | -6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.07% | +1.26% |
Volatility
JPPA.DE vs. JEST.DE - Volatility Comparison
JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) has a higher volatility of 1.56% compared to JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc (JEST.DE) at 0.14%. This indicates that JPPA.DE's price experiences larger fluctuations and is considered to be riskier than JEST.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPA.DE | JEST.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 0.14% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | 0.55% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 0.61% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.40% | 0.48% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 0.70% | +7.44% |
JPPA.DE vs. JEST.DE - Expense Ratio Comparison
Both JPPA.DE and JEST.DE 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
JPPA.DE vs. JEST.DE - Dividend Comparison
Neither JPPA.DE nor JEST.DE has paid dividends to shareholders.
Frequently Asked Questions
JPPA.DE and JEST.DE have a correlation of -0.08, 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.
JPPA.DE and JEST.DE have the same expense ratio: 0.18% per year.
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