BUFF vs. JPST
Compare and contrast key facts about Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) and JPMorgan Ultra-Short Income ETF (JPST).
BUFF and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUFF is a passively managed fund by Innovator that tracks the performance of the Refinitiv Laddered Power Buffer Strategy Index. It was launched on Oct 20, 2016. JPST is an actively managed fund by JPMorgan Chase. It was launched on May 17, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUFF or JPST.
Key characteristics
| BUFF | JPST | |
|---|---|---|
| YTD Return | 12.17% | 4.91% |
| 1Y Return | 17.48% | 6.17% |
| 3Y Return (Ann) | 7.99% | 3.71% |
| 5Y Return (Ann) | 4.36% | 2.75% |
| Sharpe Ratio | 3.66 | 11.73 |
| Sortino Ratio | 5.50 | 29.69 |
| Omega Ratio | 1.79 | 6.69 |
| Calmar Ratio | 4.52 | 62.59 |
| Martin Ratio | 34.20 | 366.04 |
| Ulcer Index | 0.55% | 0.02% |
| Daily Std Dev | 5.02% | 0.53% |
| Max Drawdown | -46.23% | -3.28% |
| Current Drawdown | -0.03% | 0.00% |
Correlation
The correlation between BUFF and JPST is 0.07, 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.
Performance
BUFF vs. JPST - Performance Comparison
In the year-to-date period, BUFF achieves a 12.17% return, which is significantly higher than JPST's 4.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BUFF vs. JPST - Expense Ratio Comparison
BUFF has a 0.99% expense ratio, which is higher than JPST's 0.18% expense ratio.
Risk-Adjusted Performance
BUFF vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) 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.
Dividends
BUFF vs. JPST - Dividend Comparison
BUFF has not paid dividends to shareholders, while JPST's dividend yield for the trailing twelve months is around 5.26%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BUFF Innovator Laddered Fund of U.S. Equity Power Buffer ETF | 0.00% | 0.00% | 0.00% | 0.00% | 1.78% | 1.68% | 1.74% | 1.55% | 0.18% |
JPST JPMorgan Ultra-Short Income ETF | 5.26% | 4.80% | 1.83% | 0.73% | 1.43% | 2.68% | 2.07% | 0.96% | 0.00% |
Drawdowns
BUFF vs. JPST - Drawdown Comparison
The maximum BUFF drawdown since its inception was -46.23%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for BUFF and JPST. For additional features, visit the drawdowns tool.
Volatility
BUFF vs. JPST - Volatility Comparison
Innovator Laddered Fund of U.S. Equity Power Buffer ETF (BUFF) has a higher volatility of 1.24% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that BUFF'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.