JPST.L vs. HDIQ.L
JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and HDIQ.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) are both Dividend funds. JPST.L is actively managed, while HDIQ.L is passively managed. Over the past 5 years, JPST.L returned 3.67%/yr vs 12.03%/yr for HDIQ.L. At a 0.02 correlation, their price movements are largely independent. JPST.L charges 0.18%/yr vs 0.35%/yr for HDIQ.L.
Performance
JPST.L vs. HDIQ.L - Performance Comparison
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Different Trading Currencies
JPST.L is traded in USD, while HDIQ.L is traded in GBp. To make them comparable, the HDIQ.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 HDIQ.L's 14.31% 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*
- —
HDIQ.L
- 1D
- 0.00%
- 1M
- -0.36%
- 6M
- 12.78%
- YTD
- 14.31%
- 1Y
- 24.85%
- 3Y*
- 18.12%
- 5Y*
- 12.03%
- 10Y*
- 10.74%
JPST.L vs. HDIQ.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% |
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 14.31% | 16.95% | 15.38% | 13.74% | -6.31% | 22.35% | -0.38% | 22.30% | -4.33% |
Correlation
The correlation between JPST.L and HDIQ.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.02 |
The correlation between JPST.L and HDIQ.L shifts across timeframes, from 0.02 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPST.L vs. HDIQ.L — Risk / Return Rank
JPST.L
HDIQ.L
JPST.L vs. HDIQ.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 iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.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 | HDIQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.87 | ||
| Sortino ratioReturn per unit of downside risk | +5.41 | ||
| Omega ratioGain probability vs. loss probability | 2.70 | 1.43 | +1.27 |
| Calmar ratioReturn relative to maximum drawdown | 12.26 | 3.34 | +8.92 |
| Martin ratioReturn relative to average drawdown | 91.49 | 13.44 | +78.05 |
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Drawdowns
JPST.L vs. HDIQ.L - Drawdown Comparison
The maximum JPST.L drawdown since its inception was -3.13%, smaller than the maximum HDIQ.L drawdown of -43.17%. Use the drawdown chart below to compare losses from any high point for JPST.L and HDIQ.L.
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Drawdown Indicators
| JPST.L | HDIQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.13% | -43.17% | +40.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -7.77% | +7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -17.33% | +16.87% |
Max Drawdown (5Y)Largest decline over 5 years | -0.87% | -17.67% | +16.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.91% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -13.45% | +13.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.94% | -1.89% |
Volatility
JPST.L vs. HDIQ.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 iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.L) has a volatility of 2.55%. This indicates that JPST.L experiences smaller price fluctuations and is considered to be less risky than HDIQ.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.L | HDIQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 2.55% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 0.49% | 8.21% | -7.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 10.74% | -9.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.69% | 14.12% | -13.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 14.71% | -13.81% |
JPST.L vs. HDIQ.L - Expense Ratio Comparison
JPST.L has a 0.18% expense ratio, which is lower than HDIQ.L's 0.35% expense ratio.
Dividends
JPST.L vs. HDIQ.L - Dividend Comparison
JPST.L's dividend yield for the trailing twelve months is around 4.10%, more than HDIQ.L's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 1.53% | 1.69% | 1.90% | 2.05% | 2.28% | 2.04% | 2.71% | 2.43% | 0.00% | 1.13% | 2.13% | 2.40% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
JPST.L and HDIQ.L have a correlation of 0.19, 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 0.35% for HDIQ.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.18% for JPST.L and 0.35% for HDIQ.L.
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