JPTS.L vs. JPST.L
JPTS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) are both Dividend funds from JPMorgan. Both are actively managed. Over the past 5 years, JPTS.L returned 4.36%/yr vs 4.02%/yr for JPST.L. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
JPTS.L vs. JPST.L - Performance Comparison
Loading charts...
Different Trading Currencies
JPTS.L is traded in GBP, while JPST.L is traded in USD. To make them comparable, the JPST.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 2.16% return, which is significantly higher than JPST.L's 1.36% 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*
- —
JPST.L
- 1D
- 0.00%
- 1M
- -0.63%
- 6M
- 1.03%
- YTD
- 1.36%
- 1Y
- 3.10%
- 3Y*
- 3.90%
- 5Y*
- 4.02%
- 10Y*
- —
JPTS.L vs. JPST.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% |
JPST.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 1.36% | -2.42% | 7.43% | -0.21% | 13.13% | 0.96% | -0.67% | -0.53% | 12.79% |
Correlation
The correlation between JPTS.L and JPST.L is 0.78, 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 | 0.78 |
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 15, 2018 | 0.82 |
The correlation between JPTS.L and JPST.L has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPTS.L vs. JPST.L — Risk / Return Rank
JPTS.L
JPST.L
JPTS.L vs. JPST.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 JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.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 | JPST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.65 | +0.40 |
| Martin ratioReturn relative to average drawdown | 2.70 | 1.83 | +0.87 |
Loading charts...
Drawdowns
JPTS.L vs. JPST.L - Drawdown Comparison
The maximum JPTS.L drawdown since its inception was -30.07%, which is greater than JPST.L's maximum drawdown of -16.29%. Use the drawdown chart below to compare losses from any high point for JPTS.L and JPST.L.
Loading charts...
Drawdown Indicators
| JPTS.L | JPST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -16.29% | -13.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -5.04% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -9.51% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -15.98% | +0.66% |
Current DrawdownCurrent decline from peak | -3.83% | -5.34% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -13.94% | -7.34% | -6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.80% | -0.10% |
Volatility
JPTS.L vs. JPST.L - Volatility Comparison
JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPTS.L) and JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) have volatilities of 1.59% and 1.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPTS.L | JPST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 1.61% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.65% | 4.99% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.36% | 6.57% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.32% | 8.45% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 8.63% | +4.32% |
JPTS.L vs. JPST.L - Expense Ratio Comparison
Both JPTS.L and JPST.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JPTS.L vs. JPST.L - Dividend Comparison
JPTS.L's dividend yield for the trailing twelve months is around 4.10%, which matches JPST.L's 4.10% yield.
| 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% |
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% |
Frequently Asked Questions
JPTS.L and JPST.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JPTS.L and JPST.L have the same expense ratio: 0.18% per year.
Find the right allocation for JPTS.L and JPST.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer