JPSA.L vs. JPGL.L
JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) and JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) are both exchange-traded funds - JPSA.L is a Ultrashort Bond fund actively managed by JPMorgan, while JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD. JPSA.L is actively managed, while JPGL.L is passively managed. Over the past 5 years, JPSA.L returned 3.59%/yr vs 9.22%/yr for JPGL.L. At a 0.08 correlation, their price movements are largely independent. JPSA.L charges 0.18%/yr vs 0.19%/yr for JPGL.L.
Performance
JPSA.L vs. JPGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPSA.L achieves a 1.40% return, which is significantly lower than JPGL.L's 10.41% return.
JPSA.L
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.40%
- 6M
- 1.70%
- 1Y
- 4.42%
- 3Y*
- 5.13%
- 5Y*
- 3.59%
- 10Y*
- —
JPGL.L
- 1D
- 0.28%
- 1M
- 2.12%
- YTD
- 10.41%
- 6M
- 11.65%
- 1Y
- 21.59%
- 3Y*
- 16.73%
- 5Y*
- 9.22%
- 10Y*
- —
JPSA.L vs. JPGL.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 | 1.40% | 5.07% | 5.55% | 5.05% | 1.05% | 0.08% | 2.32% | 1.29% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 10.41% | 18.22% | 10.35% | 13.26% | -10.20% | 23.30% | 6.18% | 5.88% |
Correlation
The correlation between JPSA.L and JPGL.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | 0.08 |
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Return for Risk
JPSA.L vs. JPGL.L — Risk / Return Rank
JPSA.L
JPGL.L
JPSA.L vs. JPGL.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 JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.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.
| JPSA.L | JPGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.19 | ||
| Sortino ratioReturn per unit of downside risk | +9.26 | ||
| Omega ratioGain probability vs. loss probability | 2.77 | 1.41 | +1.36 |
| Calmar ratioReturn relative to maximum drawdown | 21.05 | 3.49 | +17.56 |
| Martin ratioReturn relative to average drawdown | 105.71 | 12.93 | +92.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPSA.L | JPGL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.47 | 2.28 | +4.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.69 | 0.69 | +5.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.98 | 0.67 | +3.30 |
Drawdowns
JPSA.L vs. JPGL.L - Drawdown Comparison
The maximum JPSA.L drawdown since its inception was -2.92%, smaller than the maximum JPGL.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for JPSA.L and JPGL.L.
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Drawdown Indicators
| JPSA.L | JPGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.92% | -35.87% | +32.95% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | -6.32% | +6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | -12.47% | +12.08% |
Max Drawdown (5Y)Largest decline over 5 years | -0.86% | -21.04% | +20.18% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -4.49% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.71% | -1.67% |
Volatility
JPSA.L vs. JPGL.L - Volatility Comparison
The current volatility for JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) is 0.22%, while JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) has a volatility of 2.67%. This indicates that JPSA.L experiences smaller price fluctuations and is considered to be less risky than JPGL.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 | JPGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 2.67% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 7.37% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.68% | 9.69% | -9.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.63% | 13.44% | -12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.80% | 16.18% | -15.38% |
JPSA.L vs. JPGL.L - Expense Ratio Comparison
JPSA.L has a 0.18% expense ratio, which is lower than JPGL.L's 0.19% expense ratio. Despite the difference, 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. JPGL.L - Dividend Comparison
Neither JPSA.L nor JPGL.L has paid dividends to shareholders.
Frequently Asked Questions
JPSA.L and JPGL.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPSA.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPSA.L is cheaper with a 0.18% expense ratio, compared with 0.19% for JPGL.L.
JPSA.L is categorized as Ultrashort Bond, while JPGL.L is Global Equities. Their fees differ too: 0.18% for JPSA.L and 0.19% for JPGL.L.
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