JPTS.L vs. 0FLE.L
JPTS.L (JPM USD Ultra-Short Income Active UCITS ETF USD (Dist)) and 0FLE.L (iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist)) are both Ultrashort Bond funds. JPTS.L is actively managed, while 0FLE.L is passively managed. Over the past 5 years, JPTS.L returned 4.17%/yr vs 2.27%/yr for 0FLE.L. At a 0.40 correlation, their price movements are largely independent. JPTS.L charges 0.18%/yr vs 0.12%/yr for 0FLE.L.
Performance
JPTS.L vs. 0FLE.L - Performance Comparison
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Different Trading Currencies
JPTS.L is traded in GBP, while 0FLE.L is traded in EUR. To make them comparable, the 0FLE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPTS.L achieves a 1.83% return, which is significantly higher than 0FLE.L's -1.09% return.
JPTS.L
- 1D
- 0.24%
- 1M
- -0.20%
- 6M
- 1.14%
- YTD
- 1.83%
- 1Y
- 3.80%
- 3Y*
- 4.09%
- 5Y*
- 4.17%
- 10Y*
- —
0FLE.L
- 1D
- -0.58%
- 1M
- -1.54%
- 6M
- -0.79%
- YTD
- -1.09%
- 1Y
- 0.92%
- 3Y*
- 3.23%
- 5Y*
- 2.27%
- 10Y*
- —
JPTS.L vs. 0FLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPTS.L JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) | 1.83% | -2.07% | 7.29% | -0.72% | 13.11% | 1.38% | -1.15% | 0.16% | -20.16% |
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | -1.09% | 8.18% | 0.12% | 2.12% | 4.65% | -6.41% | 3.78% | -3.04% | -0.79% |
Correlation
The correlation between JPTS.L and 0FLE.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.40 |
The correlation between JPTS.L and 0FLE.L shifts across timeframes, from 0.22 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPTS.L vs. 0FLE.L — Risk / Return Rank
JPTS.L
0FLE.L
JPTS.L vs. 0FLE.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) (JPTS.L) and iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.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.
| JPTS.L | 0FLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.04 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.39 | +0.48 |
| Martin ratioReturn relative to average drawdown | 2.22 | 0.97 | +1.24 |
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Drawdowns
JPTS.L vs. 0FLE.L - Drawdown Comparison
The maximum JPTS.L drawdown since its inception was -30.07%, which is greater than 0FLE.L's maximum drawdown of -13.35%. Use the drawdown chart below to compare losses from any high point for JPTS.L and 0FLE.L.
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Drawdown Indicators
| JPTS.L | 0FLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -13.35% | -16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -2.33% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -5.02% | -4.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -5.66% | -9.66% |
Current DrawdownCurrent decline from peak | -4.15% | -2.18% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -5.97% | -7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 0.94% | +0.77% |
Volatility
JPTS.L vs. 0FLE.L - Volatility Comparison
The current volatility for JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) (JPTS.L) is 1.23%, while iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) (0FLE.L) has a volatility of 2.21%. This indicates that JPTS.L experiences smaller price fluctuations and is considered to be less risky than 0FLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPTS.L | 0FLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 2.21% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 3.46% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 4.69% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 6.57% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 7.08% | +5.87% |
JPTS.L vs. 0FLE.L - Expense Ratio Comparison
JPTS.L has a 0.18% expense ratio, which is higher than 0FLE.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JPTS.L vs. 0FLE.L - Dividend Comparison
JPTS.L's dividend yield for the trailing twelve months is around 4.11%, less than 0FLE.L's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
0FLE.L iShares $ Floating Rate Bond UCITS ETF EUR Hedged (Dist) | 4.72% | 5.04% | 6.01% | 5.52% | 1.49% | 0.58% | 1.60% | 2.96% | 2.07% | 0.36% |
JPTS.L JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) | 4.11% | 4.38% | 5.19% | 4.55% | 1.16% | 0.66% | 2.03% | 2.76% | 1.74% | 0.00% |
Frequently Asked Questions
JPTS.L and 0FLE.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0FLE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0FLE.L is cheaper with a 0.12% expense ratio, compared with 0.18% for JPTS.L.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.18% for JPTS.L and 0.12% for 0FLE.L.
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