BILL vs. JPST
BILL (Bill.com Holdings, Inc.) is a stock, while JPST (JPMorgan Ultra-Short Income ETF) is Ultrashort Bond fund actively managed by JPMorgan. Over the past 5 years, BILL returned -29.64%/yr vs 3.65%/yr for JPST. At a 0.06 correlation, their price movements are largely independent.
Performance
BILL vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, BILL achieves a -40.80% return, which is significantly lower than JPST's 1.56% return.
BILL
- 1D
- 1.03%
- 1M
- -10.65%
- YTD
- -40.80%
- 6M
- -41.47%
- 1Y
- -27.09%
- 3Y*
- -33.17%
- 5Y*
- -29.64%
- 10Y*
- —
JPST
- 1D
- 0.08%
- 1M
- 0.31%
- YTD
- 1.56%
- 6M
- 1.70%
- 1Y
- 4.17%
- 3Y*
- 5.16%
- 5Y*
- 3.65%
- 10Y*
- —
BILL vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BILL Bill.com Holdings, Inc. | -40.80% | -35.62% | 3.82% | -25.12% | -56.27% | 82.53% | 258.74% | 2.15% |
JPST JPMorgan Ultra-Short Income ETF | 1.56% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 0.17% |
Correlation
The correlation between BILL and JPST is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2019 | 0.06 |
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Return for Risk
BILL vs. JPST — Risk / Return Rank
BILL
JPST
BILL vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bill.com Holdings, Inc. (BILL) 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.
| BILL | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.10 | ||
| Sortino ratioReturn per unit of downside risk | -16.59 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 3.66 | -2.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 28.19 | -28.81 |
| Martin ratioReturn relative to average drawdown | -1.31 | 134.29 | -135.60 |
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Drawdowns
BILL vs. JPST - Drawdown Comparison
The maximum BILL drawdown since its inception was -90.66%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for BILL and JPST.
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Drawdown Indicators
| BILL | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.66% | -3.28% | -87.38% |
Max Drawdown (1Y)Largest decline over 1 year | -43.24% | -0.15% | -43.09% |
Max Drawdown (3Y)Largest decline over 3 years | -76.42% | -0.30% | -76.12% |
Max Drawdown (5Y)Largest decline over 5 years | -90.66% | -0.79% | -89.87% |
Current DrawdownCurrent decline from peak | -90.57% | 0.00% | -90.57% |
Average DrawdownAverage peak-to-trough decline | -54.82% | -0.08% | -54.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.70% | 0.03% | +20.67% |
Volatility
BILL vs. JPST - Volatility Comparison
Bill.com Holdings, Inc. (BILL) has a higher volatility of 16.33% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.19%. This indicates that BILL'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
| BILL | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.33% | 0.19% | +16.14% |
Volatility (6M)Calculated over the trailing 6-month period | 50.10% | 0.38% | +49.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.22% | 0.55% | +62.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.44% | 0.58% | +69.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.87% | 0.93% | +71.94% |
Dividends
BILL vs. JPST - Dividend Comparison
BILL has not paid dividends to shareholders, while JPST's dividend yield for the trailing twelve months is around 4.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BILL Bill.com Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
BILL and JPST have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BILL has higher volatility (16.33%) compared to JPST (0.19%). In terms of maximum drawdown, BILL dropped -90.66% vs JPST's -3.28%.
JPST currently has the higher Sharpe Ratio (7.67 vs -0.43), 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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