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JPST.L vs. UIND.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JPST.L vs. UIND.L

Last updated Jul 16, 2026
Documentation

JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and UIND.L (First Trust US Equity Income UCITS ETF) are both Dividend funds. JPST.L is actively managed, while UIND.L is passively managed. Over the past 5 years, JPST.L returned 3.67%/yr vs -56.37%/yr for UIND.L. At a correlation of -0.01, they often move in opposite directions.

Performance

JPST.L vs. UIND.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) and First Trust US Equity Income UCITS ETF (UIND.L). The values are adjusted to include any dividend payments, if applicable.

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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 UIND.L's 17.33% 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*
—

UIND.L

1D
-0.05%
1M
2.08%
6M
14.18%
YTD
17.33%
1Y
23.34%
3Y*
15.67%
5Y*
-56.37%
10Y*
10.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JPST.L vs. UIND.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%
UIND.L
First Trust US Equity Income UCITS ETF		17.33%7.36%6.74%17.10%-99.07%12,946.70%1.16%17.39%-8.36%

Correlation

The correlation between JPST.L and UIND.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.08

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Feb 15, 2018

-0.01

The correlation between JPST.L and UIND.L shifts across timeframes, from -0.01 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.

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JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)

First Trust US Equity Income UCITS ETF

Return for Risk

JPST.L vs. UIND.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPST.L
JPST.L Risk / Return Rank: 9999
Overall Rank
JPST.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
JPST.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
JPST.L Omega Ratio Rank: 9999
Omega Ratio Rank
JPST.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
JPST.L Martin Ratio Rank: 9999
Martin Ratio Rank
UIND.L
UIND.L Risk / Return Rank: 7878
Overall Rank
UIND.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
UIND.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
UIND.L Omega Ratio Rank: 7373
Omega Ratio Rank
UIND.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
UIND.L Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPST.L vs. UIND.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 First Trust US Equity Income UCITS ETF (UIND.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.LUIND.LDifference
Sharpe ratioReturn per unit of total volatility
5.30
2.03

+3.27

Sortino ratioReturn per unit of downside risk
9.15
3.05

+6.10

Omega ratioGain probability vs. loss probability

2.70

1.34

+1.36

Calmar ratioReturn relative to maximum drawdown

12.26

3.69

+8.58

Martin ratioReturn relative to average drawdown

91.49

9.85

+81.64

JPST.L vs. UIND.L - Sharpe Ratio Comparison

The current JPST.L Sharpe Ratio is 5.30, which is higher than the UIND.L Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of JPST.L and UIND.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

JPST.L vs. UIND.L - Drawdown Comparison

The maximum JPST.L drawdown since its inception was -3.13%, smaller than the maximum UIND.L drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for JPST.L and UIND.L.

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Drawdown Indicators

JPST.LUIND.LDifference

Max Drawdown

Largest peak-to-trough decline

-3.13%

-99.21%

+96.08%

Max Drawdown (1Y)

Largest decline over 1 year

-0.34%

-6.83%

+6.49%

Max Drawdown (3Y)

Largest decline over 3 years

-0.46%

-21.42%

+20.96%

Max Drawdown (5Y)

Largest decline over 5 years

-0.87%

-99.21%

+98.34%

Max Drawdown (10Y)

Largest decline over 10 years

—

-99.21%

—

Current Drawdown

Current decline from peak

0.00%

-98.61%

+98.61%

Average Drawdown

Average peak-to-trough decline

-0.10%

-46.02%

+45.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.05%

2.56%

-2.51%

Volatility

JPST.L vs. UIND.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 First Trust US Equity Income UCITS ETF (UIND.L) has a volatility of 3.98%. This indicates that JPST.L experiences smaller price fluctuations and is considered to be less risky than UIND.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.LUIND.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.19%

3.98%

-3.79%

Volatility (6M)

Calculated over the trailing 6-month period

0.49%

8.53%

-8.04%

Volatility (1Y)

Calculated over the trailing 1-year period

0.79%

12.48%

-11.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.69%

47.78%

-47.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.90%

3,136.02%

-3,135.12%

Dividends

JPST.L vs. UIND.L - Dividend Comparison

JPST.L's dividend yield for the trailing twelve months is around 4.10%, more than UIND.L's 2.78% yield.

PositionTTM2025202420232022202120202019201820172016
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%
UIND.L
First Trust US Equity Income UCITS ETF		2.78%3.00%2.90%3.14%3.27%0.02%3.14%3.04%3.14%2.42%1.69%

Frequently Asked Questions

JPST.L and UIND.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: JPMorgan and First Trust.

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