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JPST.L vs. GINC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JPST.L vs. GINC.L

Last updated Jul 16, 2026
Documentation

JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and GINC.L (First Trust Global Equity Income UCITS ETF) are both Dividend funds. JPST.L is actively managed, while GINC.L is passively managed. Over the past 5 years, JPST.L returned 3.67%/yr vs 12.38%/yr for GINC.L. At a 0.04 correlation, their price movements are largely independent.

Performance

JPST.L vs. GINC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) and First Trust Global Equity Income UCITS ETF (GINC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JPST.L is traded in USD, while GINC.L is traded in GBp. To make them comparable, the GINC.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, JPST.L achieves a 1.84% return, which is significantly lower than GINC.L's 13.48% 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*
—

GINC.L

1D
0.00%
1M
1.68%
6M
11.26%
YTD
13.48%
1Y
30.40%
3Y*
21.23%
5Y*
12.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JPST.L vs. GINC.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%
GINC.L
First Trust Global Equity Income UCITS ETF		13.48%40.15%4.79%16.46%-7.08%9.86%-6.14%15.57%-11.72%

Correlation

The correlation between JPST.L and GINC.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

0.10

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

0.04

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)

First Trust Global Equity Income UCITS ETF

Return for Risk

JPST.L vs. GINC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPST.L
JPST.L Risk / Return Rank: 9999
Overall Rank
JPST.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
JPST.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
JPST.L Omega Ratio Rank: 9999
Omega Ratio Rank
JPST.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
JPST.L Martin Ratio Rank: 9999
Martin Ratio Rank
GINC.L
GINC.L Risk / Return Rank: 9393
Overall Rank
GINC.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
GINC.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
GINC.L Omega Ratio Rank: 9292
Omega Ratio Rank
GINC.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
GINC.L Martin Ratio Rank: 9191
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPST.L vs. GINC.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 First Trust Global Equity Income UCITS ETF (GINC.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.LGINC.LDifference
Sharpe ratioReturn per unit of total volatility
5.30
2.56

+2.74

Sortino ratioReturn per unit of downside risk
9.15
3.34

+5.81

Omega ratioGain probability vs. loss probability

2.70

1.45

+1.26

Calmar ratioReturn relative to maximum drawdown

12.26

4.52

+7.74

Martin ratioReturn relative to average drawdown

91.49

14.01

+77.48

JPST.L vs. GINC.L - Sharpe Ratio Comparison

The current JPST.L Sharpe Ratio is 5.30, which is higher than the GINC.L Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of JPST.L and GINC.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

JPST.L vs. GINC.L - Drawdown Comparison

The maximum JPST.L drawdown since its inception was -3.13%, smaller than the maximum GINC.L drawdown of -40.05%. Use the drawdown chart below to compare losses from any high point for JPST.L and GINC.L.

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Drawdown Indicators

JPST.LGINC.LDifference

Max Drawdown

Largest peak-to-trough decline

-3.13%

-40.05%

+36.92%

Max Drawdown (1Y)

Largest decline over 1 year

-0.34%

-6.71%

+6.37%

Max Drawdown (3Y)

Largest decline over 3 years

-0.46%

-13.64%

+13.18%

Max Drawdown (5Y)

Largest decline over 5 years

-0.87%

-26.74%

+25.87%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-0.10%

-8.08%

+7.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.05%

2.17%

-2.12%

Volatility

JPST.L vs. GINC.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 First Trust Global Equity Income UCITS ETF (GINC.L) has a volatility of 2.61%. This indicates that JPST.L experiences smaller price fluctuations and is considered to be less risky than GINC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JPST.LGINC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.19%

2.61%

-2.42%

Volatility (6M)

Calculated over the trailing 6-month period

0.49%

9.20%

-8.71%

Volatility (1Y)

Calculated over the trailing 1-year period

0.79%

11.84%

-11.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.69%

15.15%

-14.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.90%

16.99%

-16.09%

Dividends

JPST.L vs. GINC.L - Dividend Comparison

JPST.L's dividend yield for the trailing twelve months is around 4.10%, more than GINC.L's 3.38% yield.

PositionTTM202520242023202220212020201920182017
GINC.L
First Trust Global Equity Income UCITS ETF		3.38%3.67%4.33%5.62%5.35%3.84%3.47%3.95%3.66%3.20%
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 GINC.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.

They also come from different issuers: JPMorgan and First Trust.

Portfolio Optimizer

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