VHYD.L vs. JPST.L
VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and JPST.L (JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist)) are both Dividend funds. VHYD.L is passively managed, while JPST.L is actively managed. Over the past 5 years, VHYD.L returned 11.49%/yr vs 3.67%/yr for JPST.L. At a 0.05 correlation, their price movements are largely independent. VHYD.L charges 0.29%/yr vs 0.18%/yr for JPST.L.
Performance
VHYD.L vs. JPST.L - Performance Comparison
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Returns By Period
In the year-to-date period, VHYD.L achieves a 13.13% return, which is significantly higher than JPST.L's 1.84% return.
VHYD.L
- 1D
- -0.09%
- 1M
- 0.49%
- 6M
- 10.34%
- YTD
- 13.13%
- 1Y
- 26.60%
- 3Y*
- 18.09%
- 5Y*
- 11.49%
- 10Y*
- 9.93%
JPST.L
- 1D
- 0.07%
- 1M
- 0.32%
- 6M
- 1.71%
- YTD
- 1.84%
- 1Y
- 4.28%
- 3Y*
- 5.12%
- 5Y*
- 3.67%
- 10Y*
- —
VHYD.L vs. JPST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 13.13% | 27.03% | 9.32% | 11.43% | -5.45% | 17.84% | -0.31% | 20.75% | -10.61% |
JPST.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 1.84% | 5.06% | 5.58% | 5.04% | 1.11% | 0.02% | 2.34% | 3.40% | 2.03% |
Correlation
The correlation between VHYD.L and JPST.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018 | 0.05 |
The correlation between VHYD.L and JPST.L shifts across timeframes, from 0.05 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VHYD.L vs. JPST.L — Risk / Return Rank
VHYD.L
JPST.L
VHYD.L vs. JPST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) and JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.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.
| VHYD.L | JPST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -5.62 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 2.70 | -1.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 12.26 | -8.85 |
| Martin ratioReturn relative to average drawdown | 12.27 | 91.49 | -79.23 |
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Drawdowns
VHYD.L vs. JPST.L - Drawdown Comparison
The maximum VHYD.L drawdown since its inception was -36.60%, which is greater than JPST.L's maximum drawdown of -3.13%. Use the drawdown chart below to compare losses from any high point for VHYD.L and JPST.L.
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Drawdown Indicators
| VHYD.L | JPST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.60% | -3.13% | -33.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -0.34% | -7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.48% | -0.46% | -12.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.89% | -0.87% | -20.02% |
Max Drawdown (10Y)Largest decline over 10 years | -36.60% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | 0.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -5.28% | -0.10% | -5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.05% | +2.11% |
Volatility
VHYD.L vs. JPST.L - Volatility Comparison
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) has a higher volatility of 2.83% compared to JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) at 0.19%. This indicates that VHYD.L's price experiences larger fluctuations and is considered to be riskier than JPST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHYD.L | JPST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 0.19% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 0.49% | +8.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.81% | 0.79% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 0.69% | +12.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 0.90% | +14.28% |
VHYD.L vs. JPST.L - Expense Ratio Comparison
VHYD.L has a 0.29% expense ratio, which is higher than JPST.L's 0.18% expense ratio.
Dividends
VHYD.L vs. JPST.L - Dividend Comparison
VHYD.L's dividend yield for the trailing twelve months is around 2.51%, less than JPST.L's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPST.L JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) | 4.10% | 4.29% | 5.28% | 4.46% | 1.16% | 0.67% | 1.90% | 2.66% | 1.80% | 0.00% | 0.00% | 0.00% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.51% | 2.77% | 3.15% | 3.31% | 3.72% | 3.14% | 2.90% | 3.23% | 3.77% | 2.96% | 3.16% | 3.32% |
Frequently Asked Questions
VHYD.L and JPST.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPST.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPST.L is cheaper with a 0.18% expense ratio, compared with 0.29% for VHYD.L.
They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.29% for VHYD.L and 0.18% for JPST.L.
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