UESD.L vs. JPPA.DE
UESD.L (iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc) and JPPA.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Acc) are both Ultrashort Bond funds. Over the past 5 years, UESD.L returned 3.73%/yr vs 4.16%/yr for JPPA.DE. At a correlation of -0.00, they often move in opposite directions. UESD.L charges 0.09%/yr vs 0.18%/yr for JPPA.DE.
Performance
UESD.L vs. JPPA.DE - Performance Comparison
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Different Trading Currencies
UESD.L is traded in GBP, while JPPA.DE is traded in EUR. To make them comparable, the JPPA.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with UESD.L having a 2.06% return and JPPA.DE slightly lower at 2.03%.
UESD.L
- 1D
- 0.00%
- 1M
- 0.62%
- 6M
- 2.26%
- YTD
- 2.06%
- 1Y
- 4.54%
- 3Y*
- 5.07%
- 5Y*
- 3.73%
- 10Y*
- —
JPPA.DE
- 1D
- 0.20%
- 1M
- -0.21%
- 6M
- 1.08%
- YTD
- 2.03%
- 1Y
- 3.79%
- 3Y*
- 3.98%
- 5Y*
- 4.16%
- 10Y*
- —
UESD.L vs. JPPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 2.06% | 5.13% | 5.45% | 4.35% | 1.63% | 0.24% | 0.67% |
JPPA.DE JPM USD Ultra-Short Income Active UCITS ETF USD Acc | 2.03% | -1.77% | 6.78% | -0.54% | 13.10% | 0.89% | -7.70% |
Correlation
The correlation between UESD.L and JPPA.DE is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2020 | -0.00 |
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Return for Risk
UESD.L vs. JPPA.DE — Risk / Return Rank
UESD.L
JPPA.DE
UESD.L vs. JPPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) and JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE). 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.
| UESD.L | JPPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +3.79 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.10 | +0.87 |
| Calmar ratioReturn relative to maximum drawdown | 11.44 | 0.85 | +10.59 |
| Martin ratioReturn relative to average drawdown | 50.50 | 2.15 | +48.35 |
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Drawdowns
UESD.L vs. JPPA.DE - Drawdown Comparison
The maximum UESD.L drawdown since its inception was -0.40%, smaller than the maximum JPPA.DE drawdown of -16.41%. Use the drawdown chart below to compare losses from any high point for UESD.L and JPPA.DE.
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Drawdown Indicators
| UESD.L | JPPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -16.41% | +16.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -4.46% | +4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -9.31% | +8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -0.40% | -15.66% | +15.26% |
Current DrawdownCurrent decline from peak | 0.00% | -4.60% | +4.60% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -8.66% | +8.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.76% | -1.67% |
Volatility
UESD.L vs. JPPA.DE - Volatility Comparison
The current volatility for iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc (UESD.L) is 0.49%, while JPM USD Ultra-Short Income Active UCITS ETF USD Acc (JPPA.DE) has a volatility of 1.41%. This indicates that UESD.L experiences smaller price fluctuations and is considered to be less risky than JPPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UESD.L | JPPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.41% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 1.30% | 4.70% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 6.43% | -4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.62% | 8.40% | -6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.58% | 9.60% | -8.02% |
UESD.L vs. JPPA.DE - Expense Ratio Comparison
UESD.L has a 0.09% expense ratio, which is lower than JPPA.DE'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
UESD.L vs. JPPA.DE - Dividend Comparison
UESD.L's dividend yield for the trailing twelve months is around 4.25%, while JPPA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JPPA.DE JPM USD Ultra-Short Income Active UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UESD.L iShares £ Ultrashort Bond ESG SRI UCITS ETF GBP Inc | 4.25% | 4.63% | 5.37% | 4.49% | 1.21% | 0.24% | 0.47% |
Frequently Asked Questions
UESD.L and JPPA.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UESD.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UESD.L is cheaper with a 0.09% expense ratio, compared with 0.18% for JPPA.DE.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.09% for UESD.L and 0.18% for JPPA.DE.
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