JPST.L vs. JPGL.L
JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and JPGL.L (JPM Global Equity Multi-Factor UCITS ETF USD Acc) are both exchange-traded funds - JPST.L is a Dividend fund actively managed by JPMorgan, while JPGL.L is a Global Equities fund tracking the MSCI ACWI NR USD. JPST.L is actively managed, while JPGL.L is passively managed. Over the past 5 years, JPST.L returned 3.67%/yr vs 9.69%/yr for JPGL.L. At a 0.08 correlation, their price movements are largely independent. JPST.L charges 0.18%/yr vs 0.19%/yr for JPGL.L.
Performance
JPST.L vs. JPGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPST.L achieves a 1.84% return, which is significantly lower than JPGL.L's 11.94% 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*
- —
JPGL.L
- 1D
- -0.15%
- 1M
- 0.02%
- 6M
- 9.52%
- YTD
- 11.94%
- 1Y
- 21.47%
- 3Y*
- 15.39%
- 5Y*
- 9.69%
- 10Y*
- —
JPST.L vs. JPGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 1.38% |
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 11.94% | 18.24% | 10.32% | 13.28% | -10.20% | 23.30% | 6.18% | 6.61% |
Correlation
The correlation between JPST.L and JPGL.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | 0.08 |
The correlation between JPST.L and JPGL.L shifts across timeframes, from 0.08 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPST.L vs. JPGL.L — Risk / Return Rank
JPST.L
JPGL.L
JPST.L vs. JPGL.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 JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.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 | JPGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +5.95 | ||
| Omega ratioGain probability vs. loss probability | 2.70 | 1.39 | +1.32 |
| Calmar ratioReturn relative to maximum drawdown | 12.26 | 3.38 | +8.88 |
| Martin ratioReturn relative to average drawdown | 91.49 | 12.44 | +79.05 |
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Drawdowns
JPST.L vs. JPGL.L - Drawdown Comparison
The maximum JPST.L drawdown since its inception was -3.13%, smaller than the maximum JPGL.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for JPST.L and JPGL.L.
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Drawdown Indicators
| JPST.L | JPGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.13% | -35.87% | +32.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -6.32% | +5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -12.45% | +11.99% |
Max Drawdown (5Y)Largest decline over 5 years | -0.87% | -21.04% | +20.17% |
Current DrawdownCurrent decline from peak | 0.00% | -0.84% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -4.43% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.72% | -1.67% |
Volatility
JPST.L vs. JPGL.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 JPM Global Equity Multi-Factor UCITS ETF USD Acc (JPGL.L) has a volatility of 2.99%. This indicates that JPST.L experiences smaller price fluctuations and is considered to be less risky than JPGL.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 | JPGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 2.99% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 0.49% | 7.85% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 9.98% | -9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.69% | 13.44% | -12.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 16.03% | -15.13% |
JPST.L vs. JPGL.L - Expense Ratio Comparison
JPST.L has a 0.18% expense ratio, which is lower than JPGL.L's 0.19% 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. JPGL.L - Dividend Comparison
JPST.L's dividend yield for the trailing twelve months is around 4.10%, while JPGL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JPGL.L JPM Global Equity Multi-Factor UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
JPST.L and JPGL.L have a correlation of 0.20, 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 0.19% for JPGL.L.
JPST.L is categorized as Dividend, while JPGL.L is Global Equities. Their fees differ too: 0.18% for JPST.L and 0.19% for JPGL.L.
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