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UINC.L vs. JPTS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UINC.L vs. JPTS.L

Last updated Jul 16, 2026
Documentation

UINC.L (First Trust US Equity Income UCITS ETF) and JPTS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) are both Dividend funds. UINC.L is passively managed, while JPTS.L is actively managed. Over the past 5 years, UINC.L returned 10.14%/yr vs 4.36%/yr for JPTS.L. At a 0.12 correlation, their price movements are largely independent.

Performance

UINC.L vs. JPTS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust US Equity Income UCITS ETF (UINC.L) and JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPTS.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UINC.L is traded in GBp, while JPTS.L is traded in GBP. To make them comparable, the JPTS.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UINC.L achieves a 16.69% return, which is significantly higher than JPTS.L's 2.16% return.

UINC.L

1D
-0.42%
1M
1.33%
6M
13.40%
YTD
16.69%
1Y
22.27%
3Y*
14.34%
5Y*
10.14%
10Y*
9.99%

JPTS.L

1D
-0.08%
1M
0.51%
6M
2.02%
YTD
2.16%
1Y
4.13%
3Y*
4.33%
5Y*
4.36%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UINC.L vs. JPTS.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
UINC.L
First Trust US Equity Income UCITS ETF		16.69%0.01%8.49%10.78%4.24%34.94%-2.77%12.59%1.29%
JPTS.L
JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)		2.16%-2.07%7.29%-0.72%13.11%1.38%-1.15%0.16%-20.16%

Correlation

The correlation between UINC.L and JPTS.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Feb 15, 2018

0.12

The correlation between UINC.L and JPTS.L shifts across timeframes, from 0.08 (5 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.

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First Trust US Equity Income UCITS ETF

JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)

Return for Risk

UINC.L vs. JPTS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UINC.L
UINC.L Risk / Return Rank: 8181
Overall Rank
UINC.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
UINC.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
UINC.L Omega Ratio Rank: 7171
Omega Ratio Rank
UINC.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
UINC.L Martin Ratio Rank: 8585
Martin Ratio Rank
JPTS.L
JPTS.L Risk / Return Rank: 2424
Overall Rank
JPTS.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
JPTS.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
JPTS.L Omega Ratio Rank: 2222
Omega Ratio Rank
JPTS.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
JPTS.L Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UINC.L vs. JPTS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Income UCITS ETF (UINC.L) and JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPTS.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.

UINC.LJPTS.LDifference
Sharpe ratioReturn per unit of total volatility
1.95
0.72

+1.23

Sortino ratioReturn per unit of downside risk
2.83
1.09

+1.73

Omega ratioGain probability vs. loss probability

1.34

1.13

+0.21

Calmar ratioReturn relative to maximum drawdown

4.79

1.05

+3.74

Martin ratioReturn relative to average drawdown

13.50

2.70

+10.81

UINC.L vs. JPTS.L - Sharpe Ratio Comparison

The current UINC.L Sharpe Ratio is 1.95, which is higher than the JPTS.L Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of UINC.L and JPTS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

UINC.L vs. JPTS.L - Drawdown Comparison

The maximum UINC.L drawdown since its inception was -38.33%, which is greater than JPTS.L's maximum drawdown of -30.07%. Use the drawdown chart below to compare losses from any high point for UINC.L and JPTS.L.

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Drawdown Indicators

UINC.LJPTS.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.33%

-30.07%

-8.26%

Max Drawdown (1Y)

Largest decline over 1 year

-5.10%

-4.35%

-0.75%

Max Drawdown (3Y)

Largest decline over 3 years

-23.09%

-9.36%

-13.73%

Max Drawdown (5Y)

Largest decline over 5 years

-23.09%

-15.32%

-7.77%

Max Drawdown (10Y)

Largest decline over 10 years

-38.33%

—

—

Current Drawdown

Current decline from peak

-0.88%

-3.83%

+2.95%

Average Drawdown

Average peak-to-trough decline

-8.26%

-13.94%

+5.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.81%

1.70%

+0.11%

Volatility

UINC.L vs. JPTS.L - Volatility Comparison

First Trust US Equity Income UCITS ETF (UINC.L) has a higher volatility of 3.50% compared to JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPTS.L) at 1.59%. This indicates that UINC.L's price experiences larger fluctuations and is considered to be riskier than JPTS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UINC.LJPTS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.50%

1.59%

+1.91%

Volatility (6M)

Calculated over the trailing 6-month period

9.01%

4.65%

+4.36%

Volatility (1Y)

Calculated over the trailing 1-year period

12.64%

6.36%

+6.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.74%

8.32%

+8.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.57%

12.95%

+6.62%

Dividends

UINC.L vs. JPTS.L - Dividend Comparison

UINC.L's dividend yield for the trailing twelve months is around 2.82%, less than JPTS.L's 4.10% yield.

PositionTTM2025202420232022202120202019201820172016
JPTS.L
JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)		4.10%4.38%5.19%4.55%1.16%0.66%2.03%2.76%1.74%0.00%0.00%
UINC.L
First Trust US Equity Income UCITS ETF		2.82%3.03%2.84%3.20%3.25%2.15%3.40%3.14%3.01%2.49%1.60%

Frequently Asked Questions

UINC.L and JPTS.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: First Trust and JPMorgan.

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