JPST.L vs. JREG.L
JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and JREG.L (JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc)) are both exchange-traded funds - JPST.L is a Dividend fund actively managed by JPMorgan, while JREG.L is a Global Equities fund tracking the MSCI ACWI NR USD. JPST.L is actively managed, while JREG.L is passively managed. Over the past 5 years, JPST.L returned 3.67%/yr vs 11.92%/yr for JREG.L. At a 0.08 correlation, their price movements are largely independent. JPST.L charges 0.18%/yr vs 0.25%/yr for JREG.L.
Performance
JPST.L vs. JREG.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 JREG.L's 10.25% 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*
- —
JREG.L
- 1D
- 0.21%
- 1M
- 0.65%
- 6M
- 9.38%
- YTD
- 10.25%
- 1Y
- 21.72%
- 3Y*
- 18.51%
- 5Y*
- 11.92%
- 10Y*
- —
JPST.L vs. JREG.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% | 0.42% |
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 10.25% | 19.75% | 18.69% | 25.69% | -17.71% | 24.33% | 17.21% | 27.94% | -9.00% |
Correlation
The correlation between JPST.L and JREG.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2018 | 0.08 |
The correlation between JPST.L and JREG.L shifts across timeframes, from 0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPST.L vs. JREG.L — Risk / Return Rank
JPST.L
JREG.L
JPST.L vs. JREG.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 Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.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 | JREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.52 | ||
| Sortino ratioReturn per unit of downside risk | +6.45 | ||
| Omega ratioGain probability vs. loss probability | 2.70 | 1.32 | +1.38 |
| Calmar ratioReturn relative to maximum drawdown | 12.26 | 2.56 | +9.70 |
| Martin ratioReturn relative to average drawdown | 91.49 | 10.61 | +80.88 |
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Drawdowns
JPST.L vs. JREG.L - Drawdown Comparison
The maximum JPST.L drawdown since its inception was -3.13%, smaller than the maximum JREG.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for JPST.L and JREG.L.
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Drawdown Indicators
| JPST.L | JREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.13% | -33.82% | +30.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.34% | -8.43% | +8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -16.74% | +16.28% |
Max Drawdown (5Y)Largest decline over 5 years | -0.87% | -25.33% | +24.46% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -4.76% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.04% | -1.99% |
Volatility
JPST.L vs. JREG.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 Global Research Enhanced Index Equity UCITS ETF - USD (acc) (JREG.L) has a volatility of 2.59%. This indicates that JPST.L experiences smaller price fluctuations and is considered to be less risky than JREG.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 | JREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 2.59% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.49% | 9.67% | -9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 12.13% | -11.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.69% | 15.54% | -14.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 16.95% | -16.05% |
JPST.L vs. JREG.L - Expense Ratio Comparison
JPST.L has a 0.18% expense ratio, which is lower than JREG.L's 0.25% 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. JREG.L - Dividend Comparison
JPST.L's dividend yield for the trailing twelve months is around 4.10%, while JREG.L has not paid dividends to shareholders.
| 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% |
JREG.L JPMorgan Global Research Enhanced Index Equity UCITS ETF - USD (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPST.L and JREG.L have a correlation of 0.26, 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 0.25% for JREG.L.
JPST.L is categorized as Dividend, while JREG.L is Global Equities. Their fees differ too: 0.18% for JPST.L and 0.25% for JREG.L.
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