JPST.L vs. JPTS.L
JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and JPTS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) are both Dividend funds from JPMorgan. Both are actively managed. Over the past 5 years, JPST.L returned 3.67%/yr vs 3.69%/yr for JPTS.L. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
JPST.L vs. JPTS.L - Performance Comparison
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Different Trading Currencies
JPST.L is traded in USD, while JPTS.L is traded in GBP. To make them comparable, the JPTS.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 higher than JPTS.L's 1.60% 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*
- —
JPTS.L
- 1D
- 0.17%
- 1M
- 0.27%
- 6M
- 1.57%
- YTD
- 1.60%
- 1Y
- 4.14%
- 3Y*
- 5.09%
- 5Y*
- 3.69%
- 10Y*
- —
JPST.L vs. JPTS.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% |
JPTS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 1.60% | 5.32% | 5.50% | 4.52% | 1.02% | 0.46% | 1.88% | 4.17% | -27.86% |
Correlation
The correlation between JPST.L and JPTS.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.04 |
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Return for Risk
JPST.L vs. JPTS.L — Risk / Return Rank
JPST.L
JPTS.L
JPST.L vs. JPTS.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 JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPTS.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 | JPTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.33 | ||
| Sortino ratioReturn per unit of downside risk | +7.69 | ||
| Omega ratioGain probability vs. loss probability | 2.70 | 1.17 | +1.53 |
| Calmar ratioReturn relative to maximum drawdown | 12.26 | 3.38 | +8.89 |
| Martin ratioReturn relative to average drawdown | 91.49 | 13.04 | +78.45 |
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Drawdowns
JPST.L vs. JPTS.L - Drawdown Comparison
The maximum JPST.L drawdown since its inception was -3.13%, smaller than the maximum JPTS.L drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for JPST.L and JPTS.L.
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Drawdown Indicators
| JPST.L | JPTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.13% | -29.52% | +26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -1.25% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -1.25% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -0.87% | -2.55% | +1.68% |
Current DrawdownCurrent decline from peak | 0.00% | -8.33% | +8.33% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -20.89% | +20.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.32% | -0.27% |
Volatility
JPST.L vs. JPTS.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 JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPTS.L) has a volatility of 1.31%. This indicates that JPST.L experiences smaller price fluctuations and is considered to be less risky than JPTS.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 | JPTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 1.31% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.49% | 3.66% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 4.32% | -3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.69% | 4.74% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 10.79% | -9.89% |
JPST.L vs. JPTS.L - Expense Ratio Comparison
Both JPST.L and JPTS.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JPST.L vs. JPTS.L - Dividend Comparison
JPST.L's dividend yield for the trailing twelve months is around 4.10%, which matches JPTS.L's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
JPTS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 4.10% | 4.38% | 5.19% | 4.55% | 1.16% | 0.66% | 2.03% | 2.76% | 1.74% |
Frequently Asked Questions
JPST.L and JPTS.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JPST.L and JPTS.L have the same expense ratio: 0.18% per year.
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