JSET.L vs. HDIQ.L
JSET.L (JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc)) and HDIQ.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) are both Dividend funds. JSET.L is actively managed, while HDIQ.L is passively managed. Over the past 5 years, JSET.L returned 1.84%/yr vs 12.28%/yr for HDIQ.L. At a 0.15 correlation, their price movements are largely independent. JSET.L charges 0.08%/yr vs 0.35%/yr for HDIQ.L.
Performance
JSET.L vs. HDIQ.L - Performance Comparison
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Different Trading Currencies
JSET.L is traded in GBP, while HDIQ.L is traded in GBp. To make them comparable, the HDIQ.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JSET.L achieves a -1.70% return, which is significantly lower than HDIQ.L's 13.03% return.
JSET.L
- 1D
- -0.70%
- 1M
- -1.59%
- 6M
- -1.17%
- YTD
- -1.70%
- 1Y
- -0.09%
- 3Y*
- 2.93%
- 5Y*
- 1.84%
- 10Y*
- —
HDIQ.L
- 1D
- -0.54%
- 1M
- -1.79%
- 6M
- 11.38%
- YTD
- 13.03%
- 1Y
- 22.75%
- 3Y*
- 16.55%
- 5Y*
- 12.28%
- 10Y*
- 10.45%
JSET.L vs. HDIQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JSET.L JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) | -1.70% | 7.88% | -0.75% | 1.33% | 5.03% | -6.82% | 5.33% | -4.77% | -10.78% |
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 13.03% | 8.74% | 17.34% | 8.04% | 4.90% | 23.47% | -3.34% | 17.58% | 0.73% |
Correlation
The correlation between JSET.L and HDIQ.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.15 |
The correlation between JSET.L and HDIQ.L shifts across timeframes, from 0.02 (3 years) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JSET.L vs. HDIQ.L — Risk / Return Rank
JSET.L
HDIQ.L
JSET.L vs. HDIQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) (JSET.L) and iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.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.
| JSET.L | HDIQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.45 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 4.79 | -4.82 |
| Martin ratioReturn relative to average drawdown | -0.08 | 16.29 | -16.37 |
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Drawdowns
JSET.L vs. HDIQ.L - Drawdown Comparison
The maximum JSET.L drawdown since its inception was -18.28%, smaller than the maximum HDIQ.L drawdown of -41.26%. Use the drawdown chart below to compare losses from any high point for JSET.L and HDIQ.L.
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Drawdown Indicators
| JSET.L | HDIQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.28% | -41.26% | +22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -5.06% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -18.80% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -14.03% | -18.80% | +4.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.46% | — |
Current DrawdownCurrent decline from peak | -7.86% | -2.55% | -5.31% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -8.60% | -3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.49% | -0.44% |
Volatility
JSET.L vs. HDIQ.L - Volatility Comparison
The current volatility for JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) (JSET.L) is 1.01%, while iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.L) has a volatility of 2.84%. This indicates that JSET.L experiences smaller price fluctuations and is considered to be less risky than HDIQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JSET.L | HDIQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.84% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 7.59% | -4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 10.23% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 13.05% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 14.25% | -4.17% |
JSET.L vs. HDIQ.L - Expense Ratio Comparison
JSET.L has a 0.08% expense ratio, which is lower than HDIQ.L's 0.35% expense ratio.
Dividends
JSET.L vs. HDIQ.L - Dividend Comparison
JSET.L has not paid dividends to shareholders, while HDIQ.L's dividend yield for the trailing twelve months is around 1.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 1.53% | 1.69% | 1.90% | 2.05% | 2.28% | 2.04% | 2.71% | 2.43% | 0.00% | 1.13% | 2.13% | 2.40% |
JSET.L JPM EUR Ultra-Short Income Active UCITS ETF – EUR (acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JSET.L and HDIQ.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JSET.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JSET.L is cheaper with a 0.08% expense ratio, compared with 0.35% for HDIQ.L.
They also come from different issuers: ETF Issuer and iShares. Their fees differ too: 0.08% for JSET.L and 0.35% for HDIQ.L.
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