JPSA.L vs. FLOT.L
JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) and FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) are both Ultrashort Bond funds. JPSA.L is actively managed, while FLOT.L is passively managed. Over the past 5 years, JPSA.L returned 3.66%/yr vs 4.33%/yr for FLOT.L. At a 0.08 correlation, their price movements are largely independent. JPSA.L charges 0.18%/yr vs 0.10%/yr for FLOT.L.
Performance
JPSA.L vs. FLOT.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPSA.L achieves a 1.77% return, which is significantly lower than FLOT.L's 2.38% return.
JPSA.L
- 1D
- 0.06%
- 1M
- 0.22%
- 6M
- 1.60%
- YTD
- 1.77%
- 1Y
- 4.23%
- 3Y*
- 5.08%
- 5Y*
- 3.66%
- 10Y*
- —
FLOT.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 2.18%
- YTD
- 2.38%
- 1Y
- 4.77%
- 3Y*
- 5.63%
- 5Y*
- 4.33%
- 10Y*
- —
JPSA.L vs. FLOT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 1.77% | 5.08% | 5.55% | 5.06% | 1.05% | 0.08% | 2.33% | 2.33% |
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 2.38% | 5.19% | 6.39% | 6.04% | 1.87% | 0.60% | 0.60% | 2.34% |
Correlation
The correlation between JPSA.L and FLOT.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019 | 0.08 |
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Return for Risk
JPSA.L vs. FLOT.L — Risk / Return Rank
JPSA.L
FLOT.L
JPSA.L vs. FLOT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) and iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.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.
| JPSA.L | FLOT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.85 | ||
| Sortino ratioReturn per unit of downside risk | +8.36 | ||
| Omega ratioGain probability vs. loss probability | 2.65 | 1.64 | +1.01 |
| Calmar ratioReturn relative to maximum drawdown | 20.11 | 23.83 | -3.72 |
| Martin ratioReturn relative to average drawdown | 102.89 | 44.39 | +58.50 |
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Drawdowns
JPSA.L vs. FLOT.L - Drawdown Comparison
The maximum JPSA.L drawdown since its inception was -2.91%, smaller than the maximum FLOT.L drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for JPSA.L and FLOT.L.
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Drawdown Indicators
| JPSA.L | FLOT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.91% | -14.03% | +11.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | -0.20% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | -2.53% | +2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -0.86% | -2.53% | +1.67% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -0.22% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.11% | -0.07% |
Volatility
JPSA.L vs. FLOT.L - Volatility Comparison
The current volatility for JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) is 0.20%, while iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) has a volatility of 0.64%. This indicates that JPSA.L experiences smaller price fluctuations and is considered to be less risky than FLOT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPSA.L | FLOT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.64% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 1.46% | -0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.67% | 1.94% | -1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.64% | 2.90% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.80% | 3.92% | -3.12% |
JPSA.L vs. FLOT.L - Expense Ratio Comparison
JPSA.L has a 0.18% expense ratio, which is higher than FLOT.L's 0.10% 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
JPSA.L vs. FLOT.L - Dividend Comparison
JPSA.L has not paid dividends to shareholders, while FLOT.L's dividend yield for the trailing twelve months is around 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 4.68% | 5.02% | 6.05% | 5.50% | 1.45% | 0.60% | 1.59% | 2.91% | 2.21% | 0.46% |
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPSA.L and FLOT.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOT.L is cheaper with a 0.10% expense ratio, compared with 0.18% for JPSA.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.18% for JPSA.L and 0.10% for FLOT.L.
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