JPST.L vs. IUKD.L
JPST.L (JPM USD Ultra-Short Income Active UCITS ETF USD (Dist)) and IUKD.L (iShares UK Dividend UCITS ETF) are both exchange-traded funds - JPST.L is a Ultrashort Bond fund actively managed by JPMorgan, while IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index. JPST.L is actively managed, while IUKD.L is passively managed. Over the past 5 years, JPST.L returned 3.67%/yr vs 12.76%/yr for IUKD.L. At a 0.04 correlation, their price movements are largely independent. JPST.L charges 0.18%/yr vs 0.40%/yr for IUKD.L.
Performance
JPST.L vs. IUKD.L - Performance Comparison
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Different Trading Currencies
JPST.L is traded in USD, while IUKD.L is traded in GBp. To make them comparable, the IUKD.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 1.80% return, which is significantly lower than IUKD.L's 13.32% return.
JPST.L
- 1D
- 0.03%
- 1M
- 0.22%
- 6M
- 1.65%
- YTD
- 1.80%
- 1Y
- 4.19%
- 3Y*
- 5.10%
- 5Y*
- 3.67%
- 10Y*
- —
IUKD.L
- 1D
- 0.63%
- 1M
- 5.15%
- 6M
- 11.13%
- YTD
- 13.32%
- 1Y
- 29.27%
- 3Y*
- 23.69%
- 5Y*
- 12.76%
- 10Y*
- 7.60%
JPST.L vs. IUKD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPST.L JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) | 1.80% | 5.06% | 5.58% | 5.04% | 1.11% | 0.02% | 2.34% | 3.40% | 2.03% |
IUKD.L iShares UK Dividend UCITS ETF | 13.32% | 42.09% | 10.40% | 11.39% | -11.98% | 22.31% | -15.41% | 23.62% | -15.27% |
Correlation
The correlation between JPST.L and IUKD.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
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 Feb 15, 2018 | 0.04 |
The correlation between JPST.L and IUKD.L shifts across timeframes, from 0.04 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPST.L vs. IUKD.L — Risk / Return Rank
JPST.L
IUKD.L
JPST.L vs. IUKD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) (JPST.L) and iShares UK Dividend UCITS ETF (IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.17 | ||
| Sortino ratioReturn per unit of downside risk | +6.25 | ||
| Omega ratioGain probability vs. loss probability | 2.69 | 1.38 | +1.31 |
| Calmar ratioReturn relative to maximum drawdown | 12.14 | 2.65 | +9.49 |
| Martin ratioReturn relative to average drawdown | 90.60 | 8.61 | +82.00 |
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Drawdowns
JPST.L vs. IUKD.L - Drawdown Comparison
The maximum JPST.L drawdown since its inception was -3.13%, smaller than the maximum IUKD.L drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for JPST.L and IUKD.L.
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Drawdown Indicators
| JPST.L | IUKD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.13% | -71.98% | +68.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -10.99% | +10.65% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -12.78% | +12.32% |
Max Drawdown (5Y)Largest decline over 5 years | -0.87% | -34.46% | +33.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -26.69% | +26.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 3.39% | -3.34% |
Volatility
JPST.L vs. IUKD.L - Volatility Comparison
The current volatility for JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) (JPST.L) is 0.19%, while iShares UK Dividend UCITS ETF (IUKD.L) has a volatility of 3.02%. This indicates that JPST.L experiences smaller price fluctuations and is considered to be less risky than IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 3.02% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 0.49% | 11.51% | -11.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 13.95% | -13.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.69% | 17.75% | -17.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 20.21% | -19.31% |
JPST.L vs. IUKD.L - Expense Ratio Comparison
JPST.L has a 0.18% expense ratio, which is lower than IUKD.L's 0.40% expense ratio.
Dividends
JPST.L vs. IUKD.L - Dividend Comparison
JPST.L's dividend yield for the trailing twelve months is around 4.10%, less than IUKD.L's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUKD.L iShares UK Dividend UCITS ETF | 4.62% | 4.85% | 5.78% | 5.34% | 6.39% | 5.68% | 4.11% | 5.70% | 6.86% | 5.19% | 4.87% | 5.67% |
JPST.L JPM 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 IUKD.L have a correlation of 0.15, 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 0.40% for IUKD.L.
JPST.L is categorized as Ultrashort Bond, while IUKD.L is Dividend. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.18% for JPST.L and 0.40% for IUKD.L.
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