AOR vs. JPST

Last updated Jun 3, 2026

AOR (iShares Core Growth Allocation ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - AOR is a Diversified Portfolio fund tracking the S&P Target Risk Growth Index, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. AOR is passively managed, while JPST is actively managed. Over the past 5 years, AOR returned 7.20%/yr vs 3.61%/yr for JPST. At a 0.15 correlation, their price movements are largely independent. AOR charges 0.25%/yr vs 0.18%/yr for JPST.

Performance

AOR vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Growth Allocation ETF (AOR) and JPMorgan Ultra-Short Income ETF (JPST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOR achieves a 7.96% return, which is significantly higher than JPST's 1.40% return.

AOR

• 1D: 0.22%
• 1M: 3.07%
• YTD: 7.96%
• 6M: 8.80%
• 1Y: 20.12%
• 3Y*: 14.41%
• 5Y*: 7.20%
• 10Y*: 8.46%

JPST

• 1D: 0.00%
• 1M: 0.31%
• YTD: 1.40%
• 6M: 1.76%
• 1Y: 4.31%
• 3Y*: 5.16%
• 5Y*: 3.61%
• 10Y*: —

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

AOR vs. JPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AOR iShares Core Growth Allocation ETF	7.96%	16.44%	10.68%	15.75%	-15.64%	11.19%	11.42%	18.91%	-5.82%	8.24%
JPST JPMorgan Ultra-Short Income ETF	1.40%	4.99%	5.58%	5.13%	1.14%	0.11%	2.18%	3.34%	2.23%	1.00%

Correlation

The correlation between AOR and JPST is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since May 22, 2017	0.15

Over the past year, AOR and JPST have become more correlated (0.35) than their long-term average of 0.15, meaning their price movements have been converging.

AOR vs. JPST - Sectors Allocation Comparison

Sectors	AOR	JPST
Technology	27.8%	1.8%
Financial Services	16.2%	22.6%
Industrials	11.9%	2.1%
Consumer Cyclical	9.5%	2.5%
Communication Services	8.1%	5.5%
Healthcare	8.0%	1.5%
Consumer Defensive	5.0%	0.7%
Energy	4.3%	0.4%
Basic Materials	4.2%	0.2%
Utilities	2.7%	2.8%
Real Estate	2.4%	0.7%

Return for Risk

AOR vs. JPST — Risk / Return Rank

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

AOR

AOR Risk / Return Rank: 71
AOR Sharpe Ratio Rank: 73
AOR Sortino Ratio Rank: 75
AOR Omega Ratio Rank: 75
AOR Calmar Ratio Rank: 61
AOR Martin Ratio Rank: 71

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.

AOR vs. JPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Growth Allocation ETF (AOR) 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.

	AOR	JPST	Difference
Sharpe ratio Return per unit of total volatility	2.41	8.09	-5.69
Sortino ratio Return per unit of downside risk	3.43	17.60	-14.17
Omega ratio Gain probability vs. loss probability	1.45	3.94	-2.49
Calmar ratio Return relative to maximum drawdown	3.08	29.35	-26.27
Martin ratio Return relative to average drawdown	13.48	145.52	-132.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AOR vs. JPST - Sharpe Ratio Comparison

The current AOR Sharpe Ratio is 2.41, which is lower than the JPST Sharpe Ratio of 8.09. The chart below compares the historical Sharpe Ratios of AOR and JPST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AOR	JPST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	8.09	-5.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	6.30	-5.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	3.20	-2.51

Drawdowns

AOR vs. JPST - Drawdown Comparison

The maximum AOR drawdown since its inception was -24.44%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for AOR and JPST.

Drawdown Indicators

	AOR	JPST	Difference
Max Drawdown Largest peak-to-trough decline	-24.44%	-3.28%	-21.16%
Max Drawdown (1Y) Largest decline over 1 year	-6.64%	-0.15%	-6.49%
Max Drawdown (3Y) Largest decline over 3 years	-9.77%	-0.30%	-9.47%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	-0.79%	-20.93%
Max Drawdown (10Y) Largest decline over 10 years	-22.95%	—	—
Current Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-3.48%	-0.08%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	0.03%	+1.49%

Volatility

AOR vs. JPST - Volatility Comparison

iShares Core Growth Allocation ETF (AOR) has a higher volatility of 2.70% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. This indicates that AOR'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.

Volatility by Period

	AOR	JPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	0.16%	+2.54%
Volatility (6M) Calculated over the trailing 6-month period	6.81%	0.35%	+6.46%
Volatility (1Y) Calculated over the trailing 1-year period	8.40%	0.54%	+7.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.55%	0.58%	+9.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.67%	0.93%	+9.74%

AOR vs. JPST - Expense Ratio Comparison

AOR has a 0.25% expense ratio, which is higher than JPST's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AOR vs. JPST - Dividend Comparison

AOR's dividend yield for the trailing twelve months is around 2.46%, less than JPST's 4.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOR iShares Core Growth Allocation ETF	2.46%	2.55%	2.66%	2.50%	2.12%	1.64%	1.89%	2.56%	2.49%	4.51%	2.16%	2.12%
JPST JPMorgan Ultra-Short Income ETF	4.26%	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

Can I hold both AOR and JPST in my portfolio?

AOR and JPST have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOR or JPST?

AOR has higher volatility (2.70%) compared to JPST (0.16%). In terms of maximum drawdown, AOR dropped -24.44% vs JPST's -3.28%.

Which ETF is better, AOR or JPST?

On 5-year performance, AOR leads with 7.20% vs 3.61% 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.

Which ETF has performed better, AOR or JPST?

Over the 5-year period, AOR has performed better with a 7.20% return vs 3.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AOR or JPST?

JPST is cheaper with a 0.18% expense ratio, compared with 0.25% for AOR.

Which ETF pays a higher dividend yield, AOR or JPST?

JPST has the higher dividend yield at 4.26%, compared with 2.46% for AOR.

What is the main difference between AOR and JPST?

AOR is categorized as Diversified Portfolio, while JPST is Ultrashort Bond. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.25% for AOR and 0.18% for JPST.

Which has better risk-adjusted returns?

JPST currently has the higher Sharpe Ratio (8.09 vs 2.41), 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.