CLOB vs. JPST
Compare and contrast key facts about VanEck AA-BB CLO ETF (CLOB) and JPMorgan Ultra-Short Income ETF (JPST).
CLOB and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOB is an actively managed fund by VanEck. It was launched on Sep 24, 2024. 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: CLOB or JPST.
Correlation
The correlation between CLOB and JPST is 0.19, 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
CLOB vs. JPST - Performance Comparison
Key characteristics
CLOB:
8.59%
JPST:
0.57%
CLOB:
-5.54%
JPST:
-3.28%
CLOB:
-2.91%
JPST:
-0.24%
Returns By Period
In the year-to-date period, CLOB achieves a -1.48% return, which is significantly lower than JPST's 1.17% return.
CLOB
-1.48%
-2.79%
0.71%
N/A
N/A
N/A
JPST
1.17%
0.10%
2.07%
5.29%
3.13%
N/A
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CLOB vs. JPST - Expense Ratio Comparison
CLOB has a 0.45% expense ratio, which is higher than JPST's 0.18% expense ratio.
Risk-Adjusted Performance
CLOB vs. JPST — Risk-Adjusted Performance Rank
CLOB
JPST
CLOB vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck AA-BB CLO ETF (CLOB) 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.
Not enough dataDividends
CLOB vs. JPST - Dividend Comparison
CLOB's dividend yield for the trailing twelve months is around 3.24%, less than JPST's 4.99% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
CLOB VanEck AA-BB CLO ETF | 3.24% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 4.99% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Drawdowns
CLOB vs. JPST - Drawdown Comparison
The maximum CLOB drawdown since its inception was -5.54%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for CLOB and JPST. For additional features, visit the drawdowns tool.
Volatility
CLOB vs. JPST - Volatility Comparison
VanEck AA-BB CLO ETF (CLOB) has a higher volatility of 6.44% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.26%. This indicates that CLOB'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.