EMNT vs. JPST

Last updated Jun 4, 2026

EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 5 years, EMNT returned 3.43%/yr vs 3.61%/yr for JPST. At a 0.39 correlation, their price movements are largely independent. EMNT charges 0.24%/yr vs 0.18%/yr for JPST.

Performance

EMNT vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) and JPMorgan Ultra-Short Income ETF (JPST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMNT achieves a 1.64% return, which is significantly higher than JPST's 1.40% return.

EMNT

• 1D: -0.02%
• 1M: 0.39%
• YTD: 1.64%
• 6M: 1.97%
• 1Y: 4.38%
• 3Y*: 5.24%
• 5Y*: 3.43%
• 10Y*: —

JPST

• 1D: 0.00%
• 1M: 0.35%
• YTD: 1.40%
• 6M: 1.74%
• 1Y: 4.31%
• 3Y*: 5.16%
• 5Y*: 3.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMNT vs. JPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EMNT PIMCO Enhanced Short Maturity Active ESG ETF	1.64%	4.74%	5.79%	5.84%	-0.57%	0.11%	2.08%	0.09%
JPST JPMorgan Ultra-Short Income ETF	1.40%	4.99%	5.58%	5.13%	1.14%	0.11%	2.18%	0.15%

Correlation

The correlation between EMNT and JPST is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019	0.39

Return for Risk

EMNT vs. JPST — Risk / Return Rank

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

EMNT

EMNT Risk / Return Rank: 99
EMNT Sharpe Ratio Rank: 99
EMNT Sortino Ratio Rank: 99
EMNT Omega Ratio Rank: 99
EMNT Calmar Ratio Rank: 99
EMNT Martin Ratio Rank: 99

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.

EMNT vs. JPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) 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.

	EMNT	JPST	Difference
Sharpe ratio: Return per unit of total volatility	10.63	8.09	+2.53
Sortino ratio: Return per unit of downside risk	21.17	17.60	+3.57
Omega ratio: Gain probability vs. loss probability	5.63	3.94	+1.69
Calmar ratio: Return relative to maximum drawdown	33.45	29.16	+4.29
Martin ratio: Return relative to average drawdown	235.99	144.13	+91.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMNT vs. JPST - Sharpe Ratio Comparison

The current EMNT Sharpe Ratio is 10.63, which is higher than the JPST Sharpe Ratio of 8.09. The chart below compares the historical Sharpe Ratios of EMNT and JPST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMNT	JPST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.63	8.09	+2.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	4.18	6.32	-2.14
Sharpe Ratio (All Time) Calculated using the full available price history	3.51	3.20	+0.31

Drawdowns

EMNT vs. JPST - Drawdown Comparison

The maximum EMNT drawdown since its inception was -2.28%, smaller than the maximum JPST drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for EMNT and JPST.

Drawdown Indicators

	EMNT	JPST	Difference
Max Drawdown Largest peak-to-trough decline	-2.28%	-3.28%	+1.00%
Max Drawdown (1Y) Largest decline over 1 year	-0.13%	-0.15%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-0.73%	-0.30%	-0.43%
Max Drawdown (5Y) Largest decline over 5 years	-1.70%	-0.79%	-0.91%
Current Drawdown Current decline from peak	-0.02%	-0.02%	0.00%
Average Drawdown Average peak-to-trough decline	-0.23%	-0.08%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	0.03%	-0.01%

Volatility

EMNT vs. JPST - Volatility Comparison

The current volatility for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) is 0.14%, while JPMorgan Ultra-Short Income ETF (JPST) has a volatility of 0.15%. This indicates that EMNT experiences smaller price fluctuations and is considered to be less risky than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMNT	JPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	0.15%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	0.34%	0.36%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	0.41%	0.54%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.83%	0.58%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.86%	0.93%	-0.07%

EMNT vs. JPST - Expense Ratio Comparison

EMNT has a 0.24% expense ratio, which is higher than JPST's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EMNT vs. JPST - Dividend Comparison

EMNT's dividend yield for the trailing twelve months is around 4.00%, less than JPST's 4.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMNT PIMCO Enhanced Short Maturity Active ESG ETF	4.00%	4.46%	5.14%	4.62%	2.79%	0.66%	1.44%	0.00%	0.00%	0.00%
JPST JPMorgan Ultra-Short Income ETF	4.26%	4.43%	5.16%	4.79%	1.83%	0.73%	1.43%	2.69%	2.07%	0.96%

Frequently Asked Questions

Can I hold both EMNT and JPST in my portfolio?

EMNT and JPST have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMNT or JPST?

JPST has higher volatility (0.15%) compared to EMNT (0.14%). In terms of maximum drawdown, EMNT dropped -2.28% vs JPST's -3.28%.

Which ETF is better, EMNT or JPST?

On 5-year performance, JPST leads with 3.61% vs 3.43% for EMNT. On fees, JPST is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMNT or JPST?

Over the 5-year period, JPST has performed better with a 3.61% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMNT or JPST?

JPST is cheaper with a 0.18% expense ratio, compared with 0.24% for EMNT.

Which ETF pays a higher dividend yield, EMNT or JPST?

JPST has the higher dividend yield at 4.26%, compared with 4.00% for EMNT.

What is the main difference between EMNT and JPST?

They also come from different issuers: PIMCO and JPMorgan. Their fees differ too: 0.24% for EMNT and 0.18% for JPST.

Which has better risk-adjusted returns?

EMNT currently has the higher Sharpe Ratio (10.63 vs 8.09), 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.