JPST.L vs. FUSD.L
JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and FUSD.L (Fidelity US Quality Income UCITS ETF Income USD Shares) are both Dividend funds. JPST.L is actively managed, while FUSD.L is passively managed. Over the past 5 years, JPST.L returned 3.67%/yr vs 12.04%/yr for FUSD.L. At a 0.05 correlation, their price movements are largely independent. JPST.L charges 0.18%/yr vs 0.25%/yr for FUSD.L.
Performance
JPST.L vs. FUSD.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPST.L achieves a 1.84% return, which is significantly lower than FUSD.L's 9.78% return.
JPST.L
- 1D
- 0.07%
- 1M
- 0.32%
- 6M
- 1.71%
- YTD
- 1.84%
- 1Y
- 4.28%
- 3Y*
- 5.12%
- 5Y*
- 3.67%
- 10Y*
- —
FUSD.L
- 1D
- 0.45%
- 1M
- 1.05%
- 6M
- 9.42%
- YTD
- 9.78%
- 1Y
- 20.89%
- 3Y*
- 17.28%
- 5Y*
- 12.04%
- 10Y*
- —
JPST.L vs. FUSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPST.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 1.84% | 5.06% | 5.58% | 5.04% | 1.11% | 0.02% | 2.34% | 3.40% | 2.03% |
FUSD.L Fidelity US Quality Income UCITS ETF Income USD Shares | 9.78% | 16.47% | 18.77% | 18.47% | -10.57% | 26.18% | 11.83% | 31.49% | -3.58% |
Correlation
The correlation between JPST.L and FUSD.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.05 |
Over the past year, JPST.L and FUSD.L have become more correlated (0.27) than their long-term average of 0.05, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPST.L vs. FUSD.L — Risk / Return Rank
JPST.L
FUSD.L
JPST.L vs. FUSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) and Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.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.
| JPST.L | FUSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.32 | ||
| Sortino ratioReturn per unit of downside risk | +6.05 | ||
| Omega ratioGain probability vs. loss probability | 2.70 | 1.36 | +1.35 |
| Calmar ratioReturn relative to maximum drawdown | 12.26 | 2.62 | +9.64 |
| Martin ratioReturn relative to average drawdown | 91.49 | 11.29 | +80.21 |
Loading charts...
Drawdowns
JPST.L vs. FUSD.L - Drawdown Comparison
The maximum JPST.L drawdown since its inception was -3.13%, smaller than the maximum FUSD.L drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for JPST.L and FUSD.L.
Loading charts...
Drawdown Indicators
| JPST.L | FUSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.13% | -35.89% | +32.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -7.94% | +7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -17.60% | +17.14% |
Max Drawdown (5Y)Largest decline over 5 years | -0.87% | -19.33% | +18.46% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -3.82% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.85% | -1.80% |
Volatility
JPST.L vs. FUSD.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) is 0.19%, while Fidelity US Quality Income UCITS ETF Income USD Shares (FUSD.L) has a volatility of 2.47%. This indicates that JPST.L experiences smaller price fluctuations and is considered to be less risky than FUSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPST.L | FUSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 2.47% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.49% | 8.20% | -7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 10.52% | -9.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.69% | 14.65% | -13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 15.71% | -14.81% |
JPST.L vs. FUSD.L - Expense Ratio Comparison
JPST.L has a 0.18% expense ratio, which is lower than FUSD.L's 0.25% 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
JPST.L vs. FUSD.L - Dividend Comparison
JPST.L's dividend yield for the trailing twelve months is around 4.10%, more than FUSD.L's 1.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FUSD.L Fidelity US Quality Income UCITS ETF Income USD Shares | 1.40% | 1.47% | 2.79% | 2.10% | 2.31% | 2.30% | 2.30% | 1.95% | 2.19% | 1.24% |
JPST.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 4.10% | 4.29% | 5.28% | 4.46% | 1.16% | 0.67% | 1.90% | 2.66% | 1.80% | 0.00% |
Frequently Asked Questions
JPST.L and FUSD.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPST.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPST.L is cheaper with a 0.18% expense ratio, compared with 0.25% for FUSD.L.
They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.18% for JPST.L and 0.25% for FUSD.L.
Find the right allocation for JPST.L and FUSD.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer