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UIND.L vs. JPAS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UIND.L vs. JPAS.L

Last updated Jul 16, 2026
Documentation

UIND.L (First Trust US Equity Income UCITS ETF) and JPAS.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc) are both Dividend funds. UIND.L is passively managed, while JPAS.L is actively managed. Over the past 5 years, UIND.L returned -56.37%/yr vs 3.77%/yr for JPAS.L. At a correlation of -0.09, they often move in opposite directions.

Performance

UIND.L vs. JPAS.L - Performance Comparison

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

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Different Trading Currencies

UIND.L is traded in USD, while JPAS.L is traded in GBP. To make them comparable, the JPAS.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, UIND.L achieves a 17.33% return, which is significantly higher than JPAS.L's 2.11% return.

UIND.L

1D
-0.05%
1M
2.08%
6M
14.18%
YTD
17.33%
1Y
23.34%
3Y*
15.67%
5Y*
-56.37%
10Y*
10.02%

JPAS.L

1D
0.52%
1M
0.76%
6M
2.06%
YTD
2.11%
1Y
4.71%
3Y*
5.27%
5Y*
3.77%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UIND.L vs. JPAS.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
UIND.L
First Trust US Equity Income UCITS ETF		17.33%7.36%6.74%17.10%-99.07%12,946.70%1.16%6.65%
JPAS.L
JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc		2.11%5.32%5.49%4.53%1.03%0.46%1.85%-21.87%

Correlation

The correlation between UIND.L and JPAS.L is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.19

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

-0.19

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

-0.17

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2019

-0.09

Compare stocks, funds, or ETFs

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First Trust US Equity Income UCITS ETF

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

Return for Risk

UIND.L vs. JPAS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UIND.L
UIND.L Risk / Return Rank: 7878
Overall Rank
UIND.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
UIND.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
UIND.L Omega Ratio Rank: 7373
Omega Ratio Rank
UIND.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
UIND.L Martin Ratio Rank: 6868
Martin Ratio Rank
JPAS.L
JPAS.L Risk / Return Rank: 2020
Overall Rank
JPAS.L Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
JPAS.L Sortino Ratio Rank: 1818
Sortino Ratio Rank
JPAS.L Omega Ratio Rank: 1818
Omega Ratio Rank
JPAS.L Calmar Ratio Rank: 2121
Calmar Ratio Rank
JPAS.L Martin Ratio Rank: 2222
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.

UIND.L vs. JPAS.L - Risk-Adjusted Trends Comparison

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

UIND.LJPAS.LDifference
Sharpe ratioReturn per unit of total volatility
2.03
1.09

+0.94

Sortino ratioReturn per unit of downside risk
3.05
1.62

+1.43

Omega ratioGain probability vs. loss probability

1.34

1.20

+0.15

Calmar ratioReturn relative to maximum drawdown

3.69

3.87

-0.18

Martin ratioReturn relative to average drawdown

9.85

14.78

-4.92

UIND.L vs. JPAS.L - Sharpe Ratio Comparison

The current UIND.L Sharpe Ratio is 2.03, which is higher than the JPAS.L Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of UIND.L and JPAS.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

UIND.L vs. JPAS.L - Drawdown Comparison

The maximum UIND.L drawdown since its inception was -99.21%, which is greater than JPAS.L's maximum drawdown of -24.25%. Use the drawdown chart below to compare losses from any high point for UIND.L and JPAS.L.

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Drawdown Indicators

UIND.LJPAS.LDifference

Max Drawdown

Largest peak-to-trough decline

-99.21%

-24.25%

-74.96%

Max Drawdown (1Y)

Largest decline over 1 year

-6.83%

-1.21%

-5.62%

Max Drawdown (3Y)

Largest decline over 3 years

-21.42%

-1.21%

-20.21%

Max Drawdown (5Y)

Largest decline over 5 years

-99.21%

-2.53%

-96.68%

Max Drawdown (10Y)

Largest decline over 10 years

-99.21%

—

—

Current Drawdown

Current decline from peak

-98.61%

-4.22%

-94.39%

Average Drawdown

Average peak-to-trough decline

-46.02%

-16.59%

-29.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

0.32%

+2.24%

Volatility

UIND.L vs. JPAS.L - Volatility Comparison

First Trust US Equity Income UCITS ETF (UIND.L) has a higher volatility of 3.98% compared to JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc (JPAS.L) at 1.36%. This indicates that UIND.L's price experiences larger fluctuations and is considered to be riskier than JPAS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UIND.LJPAS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

1.36%

+2.62%

Volatility (6M)

Calculated over the trailing 6-month period

8.53%

3.69%

+4.84%

Volatility (1Y)

Calculated over the trailing 1-year period

12.48%

4.30%

+8.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.78%

4.76%

+43.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3,136.02%

9.93%

+3,126.09%

Dividends

UIND.L vs. JPAS.L - Dividend Comparison

UIND.L's dividend yield for the trailing twelve months is around 2.78%, while JPAS.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
JPAS.L
JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active ETF USD Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UIND.L
First Trust US Equity Income UCITS ETF		2.78%3.00%2.90%3.14%3.27%0.02%3.14%3.04%3.14%2.42%1.69%

Frequently Asked Questions

UIND.L and JPAS.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.

Portfolio Optimizer

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