XT01.L vs. JGST.L
XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) and JGST.L (JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist)) are both exchange-traded funds - XT01.L is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index, while JGST.L is a Ultrashort Bond fund actively managed by JPMorgan. XT01.L is passively managed, while JGST.L is actively managed. Over the past 5 years, XT01.L returned 4.47%/yr vs 3.35%/yr for JGST.L. At a correlation of -0.05, they often move in opposite directions. XT01.L charges 0.06%/yr vs 0.18%/yr for JGST.L.
Performance
XT01.L vs. JGST.L - Performance Comparison
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Returns By Period
In the year-to-date period, XT01.L achieves a 1.60% return, which is significantly higher than JGST.L's 1.36% return.
XT01.L
- 1D
- 0.10%
- 1M
- 1.28%
- YTD
- 1.60%
- 6M
- 1.14%
- 1Y
- 4.98%
- 3Y*
- 2.01%
- 5Y*
- 4.47%
- 10Y*
- —
JGST.L
- 1D
- -0.07%
- 1M
- 0.50%
- YTD
- 1.36%
- 6M
- 1.67%
- 1Y
- 4.22%
- 3Y*
- 4.99%
- 5Y*
- 3.35%
- 10Y*
- —
XT01.L vs. JGST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.60% | -2.80% | 6.91% | -0.75% | 12.89% | 1.36% | -5.72% |
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 1.36% | 4.98% | 5.09% | 5.01% | 0.58% | 0.10% | 0.28% |
Correlation
The correlation between XT01.L and JGST.L is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | -0.05 |
The correlation between XT01.L and JGST.L shifts across timeframes, from -0.17 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XT01.L vs. JGST.L — Risk / Return Rank
XT01.L
JGST.L
XT01.L vs. JGST.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) and JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.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.
| XT01.L | JGST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.78 | ||
| Sortino ratioReturn per unit of downside risk | -10.56 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 3.00 | -1.87 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 10.07 | -8.96 |
| Martin ratioReturn relative to average drawdown | 2.77 | 60.92 | -58.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XT01.L | JGST.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 6.55 | -5.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 5.77 | -5.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 4.32 | -4.06 |
Drawdowns
XT01.L vs. JGST.L - Drawdown Comparison
The maximum XT01.L drawdown since its inception was -15.31%, which is greater than JGST.L's maximum drawdown of -1.18%. Use the drawdown chart below to compare losses from any high point for XT01.L and JGST.L.
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Drawdown Indicators
| XT01.L | JGST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -1.18% | -14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -0.43% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -9.75% | -0.43% | -9.32% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -0.76% | -14.55% |
Current DrawdownCurrent decline from peak | -5.62% | -0.07% | -5.55% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -0.10% | -7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 0.07% | +1.73% |
Volatility
XT01.L vs. JGST.L - Volatility Comparison
Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a higher volatility of 1.90% compared to JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) at 0.25%. This indicates that XT01.L's price experiences larger fluctuations and is considered to be riskier than JGST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XT01.L | JGST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 0.25% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 0.59% | +4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 0.65% | +5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.37% | 0.58% | +7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 0.57% | +7.77% |
XT01.L vs. JGST.L - Expense Ratio Comparison
XT01.L has a 0.06% expense ratio, which is lower than JGST.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
XT01.L vs. JGST.L - Dividend Comparison
XT01.L has not paid dividends to shareholders, while JGST.L's dividend yield for the trailing twelve months is around 4.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JGST.L JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) | 4.29% | 4.37% | 5.01% | 3.88% | 1.01% | 0.51% | 0.73% | 0.72% | 0.21% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XT01.L and JGST.L have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.18% for JGST.L.
XT01.L is categorized as Government Bonds, while JGST.L is Ultrashort Bond. They also come from different issuers: Xtrackers and JPMorgan. Their fees differ too: 0.06% for XT01.L and 0.18% for JGST.L.
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