BILL vs. JPST

Last updated Apr 1, 2026

Compare and contrast key facts about Bill.com Holdings, Inc. (BILL) and JPMorgan Ultra-Short Income ETF (JPST).

JPST is an actively managed fund by JPMorgan. It was launched on May 17, 2017.

Performance

BILL vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bill.com Holdings, Inc. (BILL) and JPMorgan Ultra-Short Income ETF (JPST). The values are adjusted to include any dividend payments, if applicable.

BILL vs. JPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BILL Bill.com Holdings, Inc.	-29.78%	-35.62%	3.82%	-25.12%	-56.27%	82.53%	258.74%	7.18%
JPST JPMorgan Ultra-Short Income ETF	0.71%	4.99%	5.58%	5.13%	1.14%	0.11%	2.18%	0.15%

Returns By Period

In the year-to-date period, BILL achieves a -29.78% return, which is significantly lower than JPST's 0.71% return.

BILL

• 1D: 2.85%
• 1M: -13.95%
• YTD: -29.78%
• 6M: -27.69%
• 1Y: -16.54%
• 3Y*: -22.14%
• 5Y*: -23.88%
• 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)

Return for Risk

BILL vs. JPST — Risk / Return Rank

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

BILL

BILL Risk / Return Rank: 27
BILL Sharpe Ratio Rank: 30
BILL Sortino Ratio Rank: 31
BILL Omega Ratio Rank: 30
BILL Calmar Ratio Rank: 27
BILL Martin Ratio Rank: 16

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.

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.

	BILL	JPST	Difference
Sharpe ratio Return per unit of total volatility	-0.26	7.27	-7.53
Sortino ratio Return per unit of downside risk	0.02	13.92	-13.90
Omega ratio Gain probability vs. loss probability	1.00	3.41	-2.41
Calmar ratio Return relative to maximum drawdown	-0.47	14.93	-15.40
Martin ratio Return relative to average drawdown	-1.30	94.51	-95.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BILL vs. JPST - Sharpe Ratio Comparison

The current BILL Sharpe Ratio is -0.26, which is lower than the JPST Sharpe Ratio of 7.27. The chart below compares the historical Sharpe Ratios of BILL and JPST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BILL	JPST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	7.27	-7.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	6.16	-6.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	3.16	-3.14

Correlation

The correlation between BILL and JPST is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 4.36%.

	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	4.36%	4.43%	5.16%	4.79%	1.83%	0.73%	1.43%	2.69%	2.07%	0.96%

Drawdowns

BILL vs. JPST - Drawdown Comparison

The maximum BILL drawdown since its inception was -89.58%, 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.

Drawdown Indicators

	BILL	JPST	Difference
Max Drawdown Largest peak-to-trough decline	-89.58%	-3.28%	-86.30%
Max Drawdown (1Y) Largest decline over 1 year	-36.64%	-0.30%	-36.34%
Max Drawdown (5Y) Largest decline over 5 years	-89.58%	-0.79%	-88.79%
Current Drawdown Current decline from peak	-88.81%	0.00%	-88.81%
Average Drawdown Average peak-to-trough decline	-53.62%	-0.08%	-53.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.22%	0.05%	+13.17%

Volatility

BILL vs. JPST - Volatility Comparison

Bill.com Holdings, Inc. (BILL) has a higher volatility of 11.83% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.22%. 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.

Volatility by Period

	BILL	JPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.83%	0.22%	+11.61%
Volatility (6M) Calculated over the trailing 6-month period	46.72%	0.35%	+46.37%
Volatility (1Y) Calculated over the trailing 1-year period	63.86%	0.61%	+63.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.81%	0.57%	+70.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.42%	0.94%	+72.48%