JRUP.L vs. FLOT.L
JRUP.L (JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc)) and FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) are both exchange-traded funds - JRUP.L is a Corporate Bonds fund actively managed by JPMorgan, while FLOT.L is a Ultra Short-Term Bonds fund tracking the Bloomberg US Floating Rate Note <5 Years Index. JRUP.L is actively managed, while FLOT.L is passively managed. Over the past 3 years, JRUP.L returned 4.65%/yr vs 4.52%/yr for FLOT.L. At a correlation of -0.25, they often move in opposite directions. JRUP.L charges 0.19%/yr vs 0.10%/yr for FLOT.L.
Performance
JRUP.L vs. FLOT.L - Performance Comparison
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Different Trading Currencies
JRUP.L is traded in GBP, while FLOT.L is traded in USD. To make them comparable, the FLOT.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRUP.L achieves a -0.08% return, which is significantly lower than FLOT.L's 2.53% return.
JRUP.L
- 1D
- -0.01%
- 1M
- -0.77%
- 6M
- -0.01%
- YTD
- -0.08%
- 1Y
- 4.38%
- 3Y*
- 4.65%
- 5Y*
- —
- 10Y*
- —
FLOT.L
- 1D
- 0.17%
- 1M
- -0.84%
- 6M
- 1.59%
- YTD
- 2.53%
- 1Y
- 4.48%
- 3Y*
- 4.52%
- 5Y*
- 4.80%
- 10Y*
- —
JRUP.L vs. FLOT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRUP.L JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | -0.08% | 7.47% | 2.11% | 7.12% | -14.19% |
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 2.53% | -2.30% | 8.24% | 0.74% | 14.64% |
Correlation
The correlation between JRUP.L and FLOT.L is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | -0.25 |
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Return for Risk
JRUP.L vs. FLOT.L — Risk / Return Rank
JRUP.L
FLOT.L
JRUP.L vs. FLOT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JRUP.L) and iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.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.
| JRUP.L | FLOT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 0.90 | +0.68 |
| Martin ratioReturn relative to average drawdown | 4.66 | 2.48 | +2.18 |
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Drawdowns
JRUP.L vs. FLOT.L - Drawdown Comparison
The maximum JRUP.L drawdown since its inception was -19.44%, which is greater than FLOT.L's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for JRUP.L and FLOT.L.
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Drawdown Indicators
| JRUP.L | FLOT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.44% | -14.78% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -4.95% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -6.20% | -9.46% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.78% | — |
Current DrawdownCurrent decline from peak | -1.47% | -2.79% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -5.87% | -1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.80% | -0.78% |
Volatility
JRUP.L vs. FLOT.L - Volatility Comparison
The current volatility for JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) (JRUP.L) is 1.01%, while iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) has a volatility of 1.88%. This indicates that JRUP.L experiences smaller price fluctuations and is considered to be less risky than FLOT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRUP.L | FLOT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.88% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 5.08% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 6.65% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.81% | 8.85% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 9.09% | -1.28% |
JRUP.L vs. FLOT.L - Expense Ratio Comparison
JRUP.L has a 0.19% expense ratio, which is higher than FLOT.L's 0.10% 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
JRUP.L vs. FLOT.L - Dividend Comparison
JRUP.L has not paid dividends to shareholders, while FLOT.L's dividend yield for the trailing twelve months is around 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 4.68% | 5.02% | 6.05% | 5.50% | 1.45% | 0.60% | 1.59% | 2.91% | 2.21% | 0.46% |
JRUP.L JPM USD IG Corporate Bond Active UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JRUP.L and FLOT.L have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOT.L is cheaper with a 0.10% expense ratio, compared with 0.19% for JRUP.L.
JRUP.L is categorized as Corporate Bonds, while FLOT.L is Ultra Short-Term Bonds. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.19% for JRUP.L and 0.10% for FLOT.L.
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