AMJ vs. JPST

Last updated Apr 1, 2026

Compare and contrast key facts about J.P. Morgan Alerian MLP Index ETN (AMJ) and JPMorgan Ultra-Short Income ETF (JPST).

AMJ and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMJ is a passively managed fund by JPMorgan that tracks the performance of the Alerian MLP Index. It was launched on Apr 2, 2009. JPST is an actively managed fund by JPMorgan. It was launched on May 17, 2017.

Performance

AMJ vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J.P. Morgan Alerian MLP Index ETN (AMJ) and JPMorgan Ultra-Short Income ETF (JPST). The values are adjusted to include any dividend payments, if applicable.

AMJ vs. JPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMJ J.P. Morgan Alerian MLP Index ETN	0.00%	0.00%	13.32%	25.06%	30.08%	37.93%	-29.43%	5.67%	-12.84%	-7.92%
JPST JPMorgan Ultra-Short Income ETF	0.71%	4.99%	5.58%	5.13%	1.14%	0.11%	2.18%	3.34%	2.23%	1.00%

Returns By Period

AMJ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPST

• 1D: 0.08%
• 1M: 0.03%
• YTD: 0.71%
• 6M: 1.89%
• 1Y: 4.41%
• 3Y*: 5.12%
• 5Y*: 3.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMJ vs. JPST - Expense Ratio Comparison

AMJ has a 0.85% expense ratio, which is higher than JPST's 0.18% expense ratio.

AMJ

J.P. Morgan Alerian MLP Index ETN

JPST

JPMorgan Ultra-Short Income ETF

Return for Risk

AMJ vs. JPST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPST

JPST Risk / Return Rank: 99
JPST Sharpe Ratio Rank: 99
JPST Sortino Ratio Rank: 99
JPST Omega Ratio Rank: 99
JPST Calmar Ratio Rank: 99
JPST Martin Ratio Rank: 99

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.

AMJ vs. JPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Alerian MLP Index ETN (AMJ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMJ	JPST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	7.27	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	6.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	3.16	—

Correlation

The correlation between AMJ and JPST is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

AMJ vs. JPST - Dividend Comparison

AMJ has not paid dividends to shareholders, while JPST's dividend yield for the trailing twelve months is around 4.36%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMJ J.P. Morgan Alerian MLP Index ETN	0.00%	0.00%	1.49%	6.54%	6.33%	7.31%	10.87%	8.30%	8.38%	6.96%	6.57%	7.93%
JPST JPMorgan Ultra-Short Income ETF	4.36%	4.43%	5.16%	4.79%	1.83%	0.73%	1.43%	2.69%	2.07%	0.96%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	AMJ	JPST	Difference
Max Drawdown Largest peak-to-trough decline	—	-3.28%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.79%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.08%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.05%	—

Volatility

Volatility by Period

	AMJ	JPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.61%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.57%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.94%	—