JPTS.L vs. IB01.L
JPTS.L (JPM USD Ultra-Short Income Active UCITS ETF USD (Dist)) and IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) are both exchange-traded funds - JPTS.L is a Ultrashort Bond fund actively managed by JPMorgan, while IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. JPTS.L is actively managed, while IB01.L is passively managed. Over the past 5 years, JPTS.L returned 4.17%/yr vs 3.74%/yr for IB01.L. Their correlation of 0.82 suggests significant overlap in exposure. JPTS.L charges 0.18%/yr vs 0.07%/yr for IB01.L.
Performance
JPTS.L vs. IB01.L - Performance Comparison
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Different Trading Currencies
JPTS.L is traded in GBP, while IB01.L is traded in USD. To make them comparable, the IB01.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with JPTS.L having a 1.83% return and IB01.L slightly higher at 1.87%.
JPTS.L
- 1D
- 0.24%
- 1M
- -0.20%
- 6M
- 1.14%
- YTD
- 1.83%
- 1Y
- 3.80%
- 3Y*
- 4.09%
- 5Y*
- 4.17%
- 10Y*
- —
IB01.L
- 1D
- 0.00%
- 1M
- -1.12%
- 6M
- 1.02%
- YTD
- 1.87%
- 1Y
- 3.44%
- 3Y*
- 3.52%
- 5Y*
- 3.74%
- 10Y*
- —
JPTS.L vs. IB01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 1.55% |
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 2.03% | -3.10% | 7.09% | -0.32% | 13.10% | 0.08% | -2.08% | 0.44% |
Correlation
The correlation between JPTS.L and IB01.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.82 |
The correlation between JPTS.L and IB01.L has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.
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Return for Risk
JPTS.L vs. IB01.L — Risk / Return Rank
JPTS.L
IB01.L
JPTS.L vs. IB01.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 USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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 | IB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.66 | +0.21 |
| Martin ratioReturn relative to average drawdown | 2.22 | 1.81 | +0.41 |
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Drawdowns
JPTS.L vs. IB01.L - Drawdown Comparison
The maximum JPTS.L drawdown since its inception was -30.07%, which is greater than IB01.L's maximum drawdown of -19.26%. Use the drawdown chart below to compare losses from any high point for JPTS.L and IB01.L.
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Drawdown Indicators
| JPTS.L | IB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -19.26% | -10.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -5.16% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -9.81% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -15.94% | +0.62% |
Current DrawdownCurrent decline from peak | -4.15% | -6.04% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -9.39% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.90% | -0.19% |
Volatility
JPTS.L vs. IB01.L - Volatility Comparison
The current volatility for JPM USD Ultra-Short Income Active UCITS ETF USD (Dist) (JPTS.L) is 1.23%, while iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) has a volatility of 1.66%. This indicates that JPTS.L experiences smaller price fluctuations and is considered to be less risky than IB01.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 | IB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.66% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 5.07% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.37% | 6.60% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 8.46% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 8.77% | +4.18% |
JPTS.L vs. IB01.L - Expense Ratio Comparison
JPTS.L has a 0.18% expense ratio, which is higher than IB01.L's 0.07% 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. IB01.L - Dividend Comparison
JPTS.L's dividend yield for the trailing twelve months is around 4.11%, while IB01.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
JPTS.L and IB01.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IB01.L is cheaper with a 0.07% expense ratio, compared with 0.18% for JPTS.L.
JPTS.L is categorized as Ultrashort Bond, while IB01.L is Government Bonds. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.18% for JPTS.L and 0.07% for IB01.L.
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