JPPS.DE vs. UESD.L
JPPS.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Dist) and UESD.L (iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc) are both Ultrashort Bond funds. Over the past 5 years, JPPS.DE returned 4.33%/yr vs 3.92%/yr for UESD.L. At a 0.16 correlation, their price movements are largely independent. JPPS.DE charges 0.18%/yr vs 0.09%/yr for UESD.L.
Performance
JPPS.DE vs. UESD.L - Performance Comparison
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Different Trading Currencies
JPPS.DE is traded in EUR, while UESD.L is traded in GBP. To make them comparable, the UESD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with JPPS.DE having a 4.69% return and UESD.L slightly higher at 4.75%.
JPPS.DE
- 1D
- 0.07%
- 1M
- 1.58%
- 6M
- 3.03%
- YTD
- 4.69%
- 1Y
- 5.51%
- 3Y*
- 4.43%
- 5Y*
- 4.33%
- 10Y*
- —
UESD.L
- 1D
- -0.18%
- 1M
- 2.39%
- 6M
- 4.25%
- YTD
- 4.75%
- 1Y
- 6.23%
- 3Y*
- 5.52%
- 5Y*
- 3.92%
- 10Y*
- —
JPPS.DE vs. UESD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.69% | -6.60% | 11.60% | 1.47% | 7.22% | 8.57% | -7.71% |
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 4.75% | -0.35% | 10.54% | 6.56% | -3.61% | 6.76% | 2.49% |
Correlation
The correlation between JPPS.DE and UESD.L 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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2020 | 0.16 |
The correlation between JPPS.DE and UESD.L shifts across timeframes, from 0.08 (1 year) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPPS.DE vs. UESD.L — Risk / Return Rank
JPPS.DE
UESD.L
JPPS.DE vs. UESD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.DE) and iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.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.
| JPPS.DE | UESD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 4.23 | -2.54 |
| Martin ratioReturn relative to average drawdown | 4.12 | 10.51 | -6.39 |
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Drawdowns
JPPS.DE vs. UESD.L - Drawdown Comparison
The maximum JPPS.DE drawdown since its inception was -19.53%, which is greater than UESD.L's maximum drawdown of -7.78%. Use the drawdown chart below to compare losses from any high point for JPPS.DE and UESD.L.
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Drawdown Indicators
| JPPS.DE | UESD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.53% | -7.78% | -11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -1.47% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -4.84% | -6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -7.78% | -3.87% |
Current DrawdownCurrent decline from peak | -4.58% | -0.27% | -4.31% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -1.72% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.59% | +0.74% |
Volatility
JPPS.DE vs. UESD.L - Volatility Comparison
JPM USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.DE) and iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) have volatilities of 1.11% and 1.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPS.DE | UESD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.16% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 2.67% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 4.12% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 5.63% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 6.24% | +3.14% |
JPPS.DE vs. UESD.L - Expense Ratio Comparison
JPPS.DE has a 0.18% expense ratio, which is higher than UESD.L's 0.09% 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
JPPS.DE vs. UESD.L - Dividend Comparison
JPPS.DE's dividend yield for the trailing twelve months is around 4.03%, less than UESD.L's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.03% | 4.47% | 5.12% | 4.54% | 1.19% | 0.64% | 2.07% | 2.65% | 1.77% |
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 4.25% | 4.63% | 5.37% | 4.49% | 1.21% | 0.24% | 0.47% | 0.00% | 0.00% |
Frequently Asked Questions
JPPS.DE and UESD.L 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.
On fees, UESD.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UESD.L is cheaper with a 0.09% expense ratio, compared with 0.18% for JPPS.DE.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.18% for JPPS.DE and 0.09% for UESD.L.
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