JSET.L vs. XT01.L
JSET.L (JPM EUR Ultra-Short Income Active UCITS ETF EUR (Acc)) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both exchange-traded funds - JSET.L is a Ultrashort Bond fund actively managed by JPMorgan, while XT01.L is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index. JSET.L is actively managed, while XT01.L is passively managed. Over the past 5 years, JSET.L returned 1.85%/yr vs 3.90%/yr for XT01.L. At a 0.43 correlation, their price movements are largely independent. JSET.L charges 0.18%/yr vs 0.06%/yr for XT01.L.
Performance
JSET.L vs. XT01.L - Performance Comparison
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Returns By Period
In the year-to-date period, JSET.L achieves a -1.64% return, which is significantly lower than XT01.L's 1.62% return.
JSET.L
- 1D
- 0.06%
- 1M
- -1.63%
- 6M
- -1.10%
- YTD
- -1.64%
- 1Y
- -0.19%
- 3Y*
- 2.87%
- 5Y*
- 1.85%
- 10Y*
- —
XT01.L
- 1D
- 0.06%
- 1M
- -0.15%
- 6M
- 1.01%
- YTD
- 1.62%
- 1Y
- 3.68%
- 3Y*
- 3.59%
- 5Y*
- 3.90%
- 10Y*
- —
JSET.L vs. XT01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JSET.L JPM EUR Ultra-Short Income Active UCITS ETF EUR (Acc) | -1.64% | 7.88% | -0.75% | 1.33% | 5.03% | -6.82% | -1.04% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.62% | -2.79% | 6.91% | -0.75% | 12.89% | 1.36% | -4.63% |
Correlation
The correlation between JSET.L and XT01.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | 0.43 |
The correlation between JSET.L and XT01.L shifts across timeframes, from 0.31 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JSET.L vs. XT01.L — Risk / Return Rank
JSET.L
XT01.L
JSET.L vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.10 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 0.82 | -0.89 |
| Martin ratioReturn relative to average drawdown | -0.18 | 2.05 | -2.23 |
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Drawdowns
JSET.L vs. XT01.L - Drawdown Comparison
The maximum JSET.L drawdown since its inception was -18.28%, which is greater than XT01.L's maximum drawdown of -15.30%. Use the drawdown chart below to compare losses from any high point for JSET.L and XT01.L.
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Drawdown Indicators
| JSET.L | XT01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.28% | -15.30% | -2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -4.47% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -9.74% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -14.03% | -15.30% | +1.27% |
Current DrawdownCurrent decline from peak | -7.80% | -5.59% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -12.12% | -7.24% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.79% | -0.72% |
Volatility
JSET.L vs. XT01.L - Volatility Comparison
The current volatility for JPM EUR Ultra-Short Income Active UCITS ETF EUR (Acc) (JSET.L) is 1.00%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a volatility of 1.75%. This indicates that JSET.L experiences smaller price fluctuations and is considered to be less risky than XT01.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 | XT01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.75% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 4.72% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.98% | 6.38% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.13% | 8.35% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.07% | 8.30% | +1.77% |
JSET.L vs. XT01.L - Expense Ratio Comparison
JSET.L has a 0.18% expense ratio, which is higher than XT01.L's 0.06% 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
JSET.L vs. XT01.L - Dividend Comparison
Neither JSET.L nor XT01.L has paid dividends to shareholders.
Frequently Asked Questions
JSET.L and XT01.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.18% for JSET.L.
JSET.L is categorized as Ultrashort Bond, while XT01.L is Government Bonds. They also come from different issuers: JPMorgan and Xtrackers. Their fees differ too: 0.18% for JSET.L and 0.06% for XT01.L.
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