JPTS.L vs. VHYD.L

Last updated Jul 16, 2026

JPTS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) and VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both Dividend funds. JPTS.L is actively managed, while VHYD.L is passively managed. Over the past 5 years, JPTS.L returned 4.36%/yr vs 11.87%/yr for VHYD.L. At a 0.02 correlation, their price movements are largely independent. JPTS.L charges 0.18%/yr vs 0.29%/yr for VHYD.L.

Performance

JPTS.L vs. VHYD.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) (JPTS.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JPTS.L is traded in GBP, while VHYD.L is traded in USD. To make them comparable, the VHYD.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 lower than VHYD.L's 12.67% 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*: —

VHYD.L

• 1D: -1.12%
• 1M: -0.40%
• 6M: 9.67%
• YTD: 12.67%
• 1Y: 25.25%
• 3Y*: 16.81%
• 5Y*: 11.87%
• 10Y*: 9.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPTS.L vs. VHYD.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%
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	12.67%	17.98%	11.23%	5.86%	5.79%	18.96%	-3.24%	16.16%	-1.91%

Correlation

The correlation between JPTS.L and VHYD.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018	0.02

The correlation between JPTS.L and VHYD.L shifts across timeframes, from -0.09 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JPTS.L vs. VHYD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPTS.L

JPTS.L Risk / Return Rank: 24
JPTS.L Sharpe Ratio Rank: 24
JPTS.L Sortino Ratio Rank: 23
JPTS.L Omega Ratio Rank: 22
JPTS.L Calmar Ratio Rank: 26
JPTS.L Martin Ratio Rank: 26

VHYD.L

VHYD.L Risk / Return Rank: 87
VHYD.L Sharpe Ratio Rank: 91
VHYD.L Sortino Ratio Rank: 92
VHYD.L Omega Ratio Rank: 90
VHYD.L Calmar Ratio Rank: 81
VHYD.L Martin Ratio Rank: 81

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.

JPTS.L vs. VHYD.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.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	VHYD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.72	2.44	-1.73
Sortino ratio: Return per unit of downside risk	1.09	3.32	-2.22
Omega ratio: Gain probability vs. loss probability	1.13	1.46	-0.33
Calmar ratio: Return relative to maximum drawdown	1.05	3.64	-2.59
Martin ratio: Return relative to average drawdown	2.70	13.30	-10.61

JPTS.L vs. VHYD.L - Sharpe Ratio Comparison

The current JPTS.L Sharpe Ratio is 0.72, which is lower than the VHYD.L Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of JPTS.L and VHYD.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.

Drawdowns

JPTS.L vs. VHYD.L - Drawdown Comparison

The maximum JPTS.L drawdown since its inception was -30.07%, roughly equal to the maximum VHYD.L drawdown of -29.43%. Use the drawdown chart below to compare losses from any high point for JPTS.L and VHYD.L.

Drawdown Indicators

	JPTS.L	VHYD.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.07%	-29.43%	-0.64%
Max Drawdown (1Y) Largest decline over 1 year	-4.35%	-6.91%	+2.56%
Max Drawdown (3Y) Largest decline over 3 years	-9.36%	-12.99%	+3.63%
Max Drawdown (5Y) Largest decline over 5 years	-15.32%	-12.99%	-2.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.43%	—
Current Drawdown Current decline from peak	-3.83%	-1.82%	-2.01%
Average Drawdown Average peak-to-trough decline	-13.94%	-3.68%	-10.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	1.89%	-0.19%

Volatility

JPTS.L vs. VHYD.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) has a volatility of 2.93%. This indicates that JPTS.L experiences smaller price fluctuations and is considered to be less risky than VHYD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPTS.L	VHYD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.59%	2.93%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	4.65%	8.63%	-3.98%
Volatility (1Y) Calculated over the trailing 1-year period	6.36%	10.30%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.32%	12.26%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	14.68%	-1.73%

JPTS.L vs. VHYD.L - Expense Ratio Comparison

JPTS.L has a 0.18% expense ratio, which is lower than VHYD.L's 0.29% expense ratio.

Dividends

JPTS.L vs. VHYD.L - Dividend Comparison

JPTS.L's dividend yield for the trailing twelve months is around 4.10%, more than VHYD.L's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.51%	2.77%	3.15%	3.31%	3.72%	3.14%	2.90%	3.23%	3.77%	2.96%	3.16%	3.32%

Frequently Asked Questions

Can I hold both JPTS.L and VHYD.L in my portfolio?

JPTS.L and VHYD.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPTS.L or VHYD.L?

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.

Which ETF is cheaper, JPTS.L or VHYD.L?

JPTS.L is cheaper with a 0.18% expense ratio, compared with 0.29% for VHYD.L.

What is the main difference between JPTS.L and VHYD.L?

They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.18% for JPTS.L and 0.29% for VHYD.L.