CAVA vs. JPST
CAVA (CAVA Group Inc.) is a stock, while JPST (JPMorgan Ultra-Short Income ETF) is Ultrashort Bond fund actively managed by JPMorgan. Over the past 3 years, CAVA returned 12.66%/yr vs 5.13%/yr for JPST. At a 0.10 correlation, their price movements are largely independent.
Performance
CAVA vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, CAVA achieves a 16.03% return, which is significantly higher than JPST's 1.83% return.
CAVA
- 1D
- -2.23%
- 1M
- -21.99%
- 6M
- -5.42%
- YTD
- 16.03%
- 1Y
- -23.47%
- 3Y*
- 12.66%
- 5Y*
- —
- 10Y*
- —
JPST
- 1D
- 0.00%
- 1M
- 0.26%
- 6M
- 1.69%
- YTD
- 1.83%
- 1Y
- 4.14%
- 3Y*
- 5.13%
- 5Y*
- 3.69%
- 10Y*
- —
CAVA vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CAVA CAVA Group Inc. | 16.03% | -47.97% | 162.45% | 2.33% |
JPST JPMorgan Ultra-Short Income ETF | 1.83% | 4.99% | 5.58% | 3.46% |
Correlation
The correlation between CAVA and JPST is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2023 | 0.10 |
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Return for Risk
CAVA vs. JPST — Risk / Return Rank
CAVA
JPST
CAVA vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CAVA Group Inc. (CAVA) 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.
| CAVA | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.04 | ||
| Sortino ratioReturn per unit of downside risk | -16.55 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 3.66 | -2.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 27.98 | -28.43 |
| Martin ratioReturn relative to average drawdown | -0.87 | 133.66 | -134.53 |
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Drawdowns
CAVA vs. JPST - Drawdown Comparison
The maximum CAVA drawdown since its inception was -71.11%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for CAVA and JPST.
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Drawdown Indicators
| CAVA | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.11% | -3.28% | -67.83% |
Max Drawdown (1Y)Largest decline over 1 year | -52.46% | -0.15% | -52.31% |
Max Drawdown (3Y)Largest decline over 3 years | -71.11% | -0.30% | -70.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.79% | — |
Current DrawdownCurrent decline from peak | -54.86% | 0.00% | -54.86% |
Average DrawdownAverage peak-to-trough decline | -30.64% | -0.08% | -30.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.91% | 0.03% | +26.88% |
Volatility
CAVA vs. JPST - Volatility Comparison
CAVA Group Inc. (CAVA) has a higher volatility of 16.99% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.17%. This indicates that CAVA'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
| CAVA | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.99% | 0.17% | +16.82% |
Volatility (6M)Calculated over the trailing 6-month period | 44.58% | 0.38% | +44.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.25% | 0.54% | +58.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.36% | 0.58% | +58.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.36% | 0.93% | +58.43% |
Dividends
CAVA vs. JPST - Dividend Comparison
CAVA has not paid dividends to shareholders, while JPST's dividend yield for the trailing twelve months is around 4.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAVA CAVA Group 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 | 4.23% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Frequently Asked Questions
CAVA and JPST have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAVA has higher volatility (16.99%) compared to JPST (0.17%). In terms of maximum drawdown, CAVA dropped -71.11% vs JPST's -3.28%.
JPST currently has the higher Sharpe Ratio (7.64 vs -0.40), 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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