JPPS.DE vs. XT01.DE
JPPS.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Dist) and XT01.DE (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both exchange-traded funds - JPPS.DE is a Ultrashort Bond fund actively managed by JPMorgan, while XT01.DE is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index. JPPS.DE is actively managed, while XT01.DE is passively managed. Over the past 5 years, JPPS.DE returned 4.29%/yr vs 4.09%/yr for XT01.DE. With a 0.98 correlation, they move nearly in lockstep. JPPS.DE charges 0.18%/yr vs 0.06%/yr for XT01.DE.
Performance
JPPS.DE vs. XT01.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JPPS.DE having a 4.50% return and XT01.DE slightly higher at 4.64%.
JPPS.DE
- 1D
- -0.14%
- 1M
- 1.51%
- 6M
- 3.43%
- YTD
- 4.50%
- 1Y
- 5.52%
- 3Y*
- 4.42%
- 5Y*
- 4.29%
- 10Y*
- —
XT01.DE
- 1D
- 0.00%
- 1M
- 1.69%
- 6M
- 3.59%
- YTD
- 4.64%
- 1Y
- 5.32%
- 3Y*
- 4.02%
- 5Y*
- 4.09%
- 10Y*
- —
JPPS.DE vs. XT01.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.50% | -6.60% | 11.60% | 1.47% | 7.22% | 8.57% | -4.06% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 4.64% | -7.30% | 11.24% | 1.44% | 7.11% | 8.43% | -3.74% |
Correlation
The correlation between JPPS.DE and XT01.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.98 |
The correlation between JPPS.DE and XT01.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
JPPS.DE vs. XT01.DE — Risk / Return Rank
JPPS.DE
XT01.DE
JPPS.DE vs. XT01.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 Dist (JPPS.DE) and Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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.
| JPPS.DE | XT01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.57 | +0.39 |
| Martin ratioReturn relative to average drawdown | 4.74 | 3.74 | +1.00 |
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Drawdowns
JPPS.DE vs. XT01.DE - Drawdown Comparison
The maximum JPPS.DE drawdown since its inception was -19.53%, which is greater than XT01.DE's maximum drawdown of -11.68%. Use the drawdown chart below to compare losses from any high point for JPPS.DE and XT01.DE.
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Drawdown Indicators
| JPPS.DE | XT01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.53% | -11.68% | -7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -3.40% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -11.68% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -11.68% | +0.03% |
Current DrawdownCurrent decline from peak | -4.75% | -5.35% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -4.91% | -2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.43% | -0.10% |
Volatility
JPPS.DE vs. XT01.DE - Volatility Comparison
The current volatility for JPM USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.DE) is 1.47%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.DE) has a volatility of 1.58%. This indicates that JPPS.DE experiences smaller price fluctuations and is considered to be less risky than XT01.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPS.DE | XT01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 1.58% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.22% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 6.04% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 7.44% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 7.28% | +2.10% |
JPPS.DE vs. XT01.DE - Expense Ratio Comparison
JPPS.DE has a 0.18% expense ratio, which is higher than XT01.DE'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
JPPS.DE vs. XT01.DE - Dividend Comparison
JPPS.DE's dividend yield for the trailing twelve months is around 4.04%, while XT01.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.04% | 4.47% | 5.12% | 4.54% | 1.19% | 0.64% | 2.07% | 2.65% | 1.77% |
XT01.DE Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, JPPS.DE and XT01.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XT01.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.DE is cheaper with a 0.06% expense ratio, compared with 0.18% for JPPS.DE.
JPPS.DE is categorized as Ultrashort Bond, while XT01.DE is Government Bonds. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.18% for JPPS.DE and 0.06% for XT01.DE.
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