ALTY vs. JPST
ALTY (Global X Alternative Income ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. ALTY is passively managed, while JPST is actively managed. Over the past 5 years, ALTY returned 5.27%/yr vs 3.63%/yr for JPST. At a 0.10 correlation, their price movements are largely independent. ALTY charges 0.50%/yr vs 0.18%/yr for JPST.
Performance
ALTY vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, ALTY achieves a 6.79% return, which is significantly higher than JPST's 1.50% return.
ALTY
- 1D
- 0.41%
- 1M
- 1.22%
- YTD
- 6.79%
- 6M
- 7.29%
- 1Y
- 15.76%
- 3Y*
- 11.36%
- 5Y*
- 5.27%
- 10Y*
- 6.21%
JPST
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.50%
- 6M
- 1.76%
- 1Y
- 4.27%
- 3Y*
- 5.19%
- 5Y*
- 3.63%
- 10Y*
- —
ALTY vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 6.79% | 11.07% | 10.88% | 10.58% | -11.92% | 23.08% | -12.82% | 21.44% | -6.18% | 4.68% |
JPST JPMorgan Ultra-Short Income ETF | 1.50% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
Correlation
The correlation between ALTY and JPST is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.10 |
Over the past year, ALTY and JPST have become more correlated (0.31) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
ALTY vs. JPST — Risk / Return Rank
ALTY
JPST
ALTY vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Alternative Income ETF (ALTY) and JPMorgan Ultra-Short Income ETF (JPST). 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.
| ALTY | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.47 | ||
| Sortino ratioReturn per unit of downside risk | -14.09 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 3.97 | -2.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 29.02 | -25.46 |
| Martin ratioReturn relative to average drawdown | 16.46 | 142.45 | -125.99 |
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Drawdowns
ALTY vs. JPST - Drawdown Comparison
The maximum ALTY drawdown since its inception was -51.47%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for ALTY and JPST.
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Drawdown Indicators
| ALTY | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -3.28% | -48.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.34% | -0.15% | -4.19% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -0.30% | -9.78% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -0.79% | -17.69% |
Max Drawdown (10Y)Largest decline over 10 years | -51.47% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -0.08% | -6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.03% | +0.91% |
Volatility
ALTY vs. JPST - Volatility Comparison
Global X Alternative Income ETF (ALTY) has a higher volatility of 1.61% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. This indicates that ALTY's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTY | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 0.16% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 4.43% | 0.36% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 0.53% | +5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.61% | 0.58% | +10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.57% | 0.93% | +15.64% |
ALTY vs. JPST - Expense Ratio Comparison
ALTY has a 0.50% expense ratio, which is higher than JPST's 0.18% expense ratio.
Dividends
ALTY vs. JPST - Dividend Comparison
ALTY's dividend yield for the trailing twelve months is around 7.43%, more than JPST's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALTY Global X Alternative Income ETF | 7.43% | 7.50% | 7.88% | 7.31% | 7.66% | 6.88% | 9.20% | 8.74% | 8.49% | 7.52% | 8.20% | 4.21% |
JPST JPMorgan Ultra-Short Income ETF | 4.25% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
Frequently Asked Questions
ALTY and JPST have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALTY has higher volatility (1.61%) compared to JPST (0.16%). In terms of maximum drawdown, ALTY dropped -51.47% vs JPST's -3.28%.
On 5-year performance, ALTY leads with 5.27% vs 3.63% for JPST. On fees, JPST is cheaper at 0.18% per year. On volatility, JPST has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ALTY has performed better with a 5.27% return vs 3.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPST is cheaper with a 0.18% expense ratio, compared with 0.50% for ALTY.
ALTY has the higher dividend yield at 7.43%, compared with 4.25% for JPST.
ALTY is categorized as Global Allocation, while JPST is Ultrashort Bond. They also come from different issuers: Global X and JPMorgan. Their fees differ too: 0.50% for ALTY and 0.18% for JPST.
JPST currently has the higher Sharpe Ratio (8.13 vs 2.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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