JPTS.L vs. GBDV.L
JPTS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and GBDV.L (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - JPTS.L is a Dividend fund actively managed by JPMorgan, while GBDV.L is a Global Equities fund tracking the S&P Global Dividend Aristocrats index. JPTS.L is actively managed, while GBDV.L is passively managed. Over the past 5 years, JPTS.L returned 4.36%/yr vs 7.68%/yr for GBDV.L. At a 0.12 correlation, their price movements are largely independent. JPTS.L charges 0.18%/yr vs 0.45%/yr for GBDV.L.
Performance
JPTS.L vs. GBDV.L - Performance Comparison
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Returns By Period
In the year-to-date period, JPTS.L achieves a 2.16% return, which is significantly lower than GBDV.L's 10.40% return.
JPTS.L
- 1D
- -0.08%
- 1M
- 0.51%
- 6M
- 2.02%
- YTD
- 2.16%
- 1Y
- 4.13%
- 3Y*
- 4.33%
- 5Y*
- 4.36%
- 10Y*
- —
GBDV.L
- 1D
- -0.03%
- 1M
- 1.54%
- 6M
- 7.72%
- YTD
- 10.40%
- 1Y
- 16.44%
- 3Y*
- 13.61%
- 5Y*
- 7.68%
- 10Y*
- 6.34%
JPTS.L vs. GBDV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPTS.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 2.16% | -2.07% | 7.29% | -0.72% | 13.11% | 1.38% | -1.15% | 0.16% | -20.16% |
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS | 10.40% | 9.25% | 8.98% | 1.23% | 4.57% | 16.69% | -12.13% | 15.83% | 2.36% |
Correlation
The correlation between JPTS.L and GBDV.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
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 | 0.12 |
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Return for Risk
JPTS.L vs. GBDV.L — Risk / Return Rank
JPTS.L
GBDV.L
JPTS.L vs. GBDV.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) (JPTS.L) and SPDR S&P Global Dividend Aristocrats UCITS (GBDV.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 | GBDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.34 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.70 | -1.65 |
| Martin ratioReturn relative to average drawdown | 2.70 | 8.37 | -5.68 |
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Drawdowns
JPTS.L vs. GBDV.L - Drawdown Comparison
The maximum JPTS.L drawdown since its inception was -30.07%, smaller than the maximum GBDV.L drawdown of -40.46%. Use the drawdown chart below to compare losses from any high point for JPTS.L and GBDV.L.
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Drawdown Indicators
| JPTS.L | GBDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -40.46% | +10.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -6.06% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -13.57% | +4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -16.18% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.77% | — |
Current DrawdownCurrent decline from peak | -3.83% | -0.03% | -3.80% |
Average DrawdownAverage peak-to-trough decline | -13.94% | -11.55% | -2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.96% | -0.26% |
Volatility
JPTS.L vs. GBDV.L - Volatility Comparison
The current volatility for JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPTS.L) is 1.59%, while SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) has a volatility of 2.36%. This indicates that JPTS.L experiences smaller price fluctuations and is considered to be less risky than GBDV.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 | GBDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 2.36% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.65% | 6.60% | -1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.36% | 8.67% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 11.73% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 14.05% | -1.10% |
JPTS.L vs. GBDV.L - Expense Ratio Comparison
JPTS.L has a 0.18% expense ratio, which is lower than GBDV.L's 0.45% expense ratio.
Dividends
JPTS.L vs. GBDV.L - Dividend Comparison
JPTS.L's dividend yield for the trailing twelve months is around 4.10%, more than GBDV.L's 3.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS | 3.78% | 4.21% | 3.80% | 4.25% | 4.26% | 3.68% | 3.91% | 3.60% | 3.87% | 3.28% | 3.49% | 3.73% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPTS.L and GBDV.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPTS.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPTS.L is cheaper with a 0.18% expense ratio, compared with 0.45% for GBDV.L.
JPTS.L is categorized as Dividend, while GBDV.L is Global Equities. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.18% for JPTS.L and 0.45% for GBDV.L.
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