JPSA.L vs. MIST.L
JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc)) are both Ultrashort Bond funds. Both are actively managed. Over the past 5 years, JPSA.L returned 3.67%/yr vs 2.48%/yr for MIST.L. At a 0.12 correlation, their price movements are largely independent. JPSA.L charges 0.18%/yr vs 0.40%/yr for MIST.L.
Performance
JPSA.L vs. MIST.L - Performance Comparison
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Different Trading Currencies
JPSA.L is traded in USD, while MIST.L is traded in GBP. To make them comparable, the MIST.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPSA.L achieves a 1.82% return, which is significantly higher than MIST.L's 1.66% return.
JPSA.L
- 1D
- 0.06%
- 1M
- 0.22%
- 6M
- 1.67%
- YTD
- 1.82%
- 1Y
- 4.13%
- 3Y*
- 5.09%
- 5Y*
- 3.67%
- 10Y*
- —
MIST.L
- 1D
- 0.25%
- 1M
- 1.01%
- 6M
- 2.07%
- YTD
- 1.66%
- 1Y
- 4.08%
- 3Y*
- 5.81%
- 5Y*
- 2.48%
- 10Y*
- —
JPSA.L vs. MIST.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 | 1.82% | 5.08% | 5.55% | 5.06% | 1.05% | 0.08% | 2.33% | 0.72% |
MIST.L PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) | 1.66% | 12.50% | 3.77% | 10.55% | -11.69% | -1.26% | 3.71% | 7.64% |
Correlation
The correlation between JPSA.L and MIST.L is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | 0.12 |
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Return for Risk
JPSA.L vs. MIST.L — Risk / Return Rank
JPSA.L
MIST.L
JPSA.L vs. MIST.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 PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.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 | MIST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.56 | ||
| Sortino ratioReturn per unit of downside risk | +11.03 | ||
| Omega ratioGain probability vs. loss probability | 2.61 | 1.11 | +1.50 |
| Calmar ratioReturn relative to maximum drawdown | 19.64 | 0.96 | +18.68 |
| Martin ratioReturn relative to average drawdown | 100.71 | 2.13 | +98.59 |
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Drawdowns
JPSA.L vs. MIST.L - Drawdown Comparison
The maximum JPSA.L drawdown since its inception was -2.91%, smaller than the maximum MIST.L drawdown of -26.32%. Use the drawdown chart below to compare losses from any high point for JPSA.L and MIST.L.
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Drawdown Indicators
| JPSA.L | MIST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.91% | -26.32% | +23.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | -4.21% | +4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | -7.89% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -0.86% | -25.04% | +24.18% |
Current DrawdownCurrent decline from peak | 0.00% | -1.45% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -5.96% | +5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 1.91% | -1.87% |
Volatility
JPSA.L vs. MIST.L - Volatility Comparison
The current volatility for JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) is 0.21%, while PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.L) has a volatility of 1.69%. This indicates that JPSA.L experiences smaller price fluctuations and is considered to be less risky than MIST.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 | MIST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 1.69% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | 4.92% | -4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.67% | 6.53% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.64% | 8.59% | -7.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.80% | 8.91% | -8.11% |
JPSA.L vs. MIST.L - Expense Ratio Comparison
JPSA.L has a 0.18% expense ratio, which is lower than MIST.L's 0.40% expense ratio.
Dividends
JPSA.L vs. MIST.L - Dividend Comparison
Neither JPSA.L nor MIST.L has paid dividends to shareholders.
Frequently Asked Questions
JPSA.L and MIST.L have a correlation of 0.05, 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 0.40% for MIST.L.
They also come from different issuers: JPMorgan and PIMCO. Their fees differ too: 0.18% for JPSA.L and 0.40% for MIST.L.
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