PR1T.L vs. JPSA.L
PR1T.L (Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C)) and JPSA.L (JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc) are both exchange-traded funds - PR1T.L is a Government Bonds fund tracking the Solactive US Treasury 0-1 Year Bond Index, while JPSA.L is a Ultrashort Bond fund actively managed by JPMorgan. PR1T.L is passively managed, while JPSA.L is actively managed. Over the past 5 years, PR1T.L returned 3.28%/yr vs 3.63%/yr for JPSA.L. At a 0.17 correlation, their price movements are largely independent. PR1T.L charges 0.05%/yr vs 0.18%/yr for JPSA.L.
Performance
PR1T.L vs. JPSA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with PR1T.L having a 1.64% return and JPSA.L slightly lower at 1.57%.
PR1T.L
- 1D
- 0.09%
- 1M
- 0.30%
- YTD
- 1.64%
- 6M
- 1.73%
- 1Y
- 3.88%
- 3Y*
- 4.63%
- 5Y*
- 3.28%
- 10Y*
- —
JPSA.L
- 1D
- 0.01%
- 1M
- 0.36%
- YTD
- 1.57%
- 6M
- 1.74%
- 1Y
- 4.22%
- 3Y*
- 5.13%
- 5Y*
- 3.63%
- 10Y*
- —
PR1T.L vs. JPSA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PR1T.L Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) | 1.64% | 4.23% | 5.21% | 4.82% | 0.61% | 0.09% | -0.07% |
JPSA.L JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc | 1.57% | 5.08% | 5.55% | 5.06% | 1.05% | 0.08% | 0.29% |
Correlation
The correlation between PR1T.L and JPSA.L is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2020 | 0.17 |
The correlation between PR1T.L and JPSA.L shifts across timeframes, from 0.05 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PR1T.L vs. JPSA.L — Risk / Return Rank
PR1T.L
JPSA.L
PR1T.L vs. JPSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.L) and JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.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.
| PR1T.L | JPSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.38 | ||
| Sortino ratioReturn per unit of downside risk | +14.40 | ||
| Omega ratioGain probability vs. loss probability | 10.82 | 2.67 | +8.15 |
| Calmar ratioReturn relative to maximum drawdown | 45.52 | 20.11 | +25.42 |
| Martin ratioReturn relative to average drawdown | 431.38 | 101.82 | +329.56 |
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Drawdowns
PR1T.L vs. JPSA.L - Drawdown Comparison
The maximum PR1T.L drawdown since its inception was -0.56%, smaller than the maximum JPSA.L drawdown of -2.91%. Use the drawdown chart below to compare losses from any high point for PR1T.L and JPSA.L.
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Drawdown Indicators
| PR1T.L | JPSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.56% | -2.91% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -0.21% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -0.39% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -0.56% | -0.86% | +0.30% |
Current DrawdownCurrent decline from peak | 0.00% | -0.03% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.11% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.04% | -0.03% |
Volatility
PR1T.L vs. JPSA.L - Volatility Comparison
The current volatility for Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR USD (C) (PR1T.L) is 0.18%, while JPMorgan USD Ultra-Short Income Active UCITS ETF USD Acc (JPSA.L) has a volatility of 0.20%. This indicates that PR1T.L experiences smaller price fluctuations and is considered to be less risky than JPSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PR1T.L | JPSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.20% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.29% | 0.50% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.40% | 0.67% | -0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.44% | 0.63% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.43% | 0.80% | -0.37% |
PR1T.L vs. JPSA.L - Expense Ratio Comparison
PR1T.L has a 0.05% expense ratio, which is lower than JPSA.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
PR1T.L vs. JPSA.L - Dividend Comparison
Neither PR1T.L nor JPSA.L has paid dividends to shareholders.
Frequently Asked Questions
PR1T.L and JPSA.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PR1T.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1T.L is cheaper with a 0.05% expense ratio, compared with 0.18% for JPSA.L.
PR1T.L is categorized as Government Bonds, while JPSA.L is Ultrashort Bond. They also come from different issuers: Amundi and JPMorgan. Their fees differ too: 0.05% for PR1T.L and 0.18% for JPSA.L.
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