ENIAX vs. JPST
Compare and contrast key facts about SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) and JPMorgan Ultra-Short Income ETF (JPST).
ENIAX is managed by SEI. It was launched on Dec 13, 2006. 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: ENIAX or JPST.
Key characteristics
| ENIAX | JPST | |
|---|---|---|
| YTD Return | 3.32% | 1.89% |
| 1Y Return | 9.65% | 5.44% |
| 3Y Return (Ann) | 4.33% | 2.70% |
| 5Y Return (Ann) | 4.16% | 2.46% |
| Sharpe Ratio | 3.48 | 10.17 |
| Daily Std Dev | 2.77% | 0.54% |
| Max Drawdown | -30.62% | -3.28% |
| Current Drawdown | -0.99% | 0.00% |
Correlation
The correlation between ENIAX and JPST is 0.17, 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
ENIAX vs. JPST - Performance Comparison
In the year-to-date period, ENIAX achieves a 3.32% return, which is significantly higher than JPST's 1.89% 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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ENIAX vs. JPST - Expense Ratio Comparison
ENIAX has a 0.23% 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%.
Risk-Adjusted Performance
ENIAX vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) 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
ENIAX vs. JPST - Dividend Comparison
ENIAX's dividend yield for the trailing twelve months is around 7.00%, more than JPST's 5.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 7.00% | 7.09% | 4.07% | 2.66% | 4.05% | 4.32% | 3.96% | 3.02% | 2.75% | 2.54% | 2.56% | 1.69% |
JPST JPMorgan Ultra-Short Income ETF | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ENIAX vs. JPST - Drawdown Comparison
The maximum ENIAX drawdown since its inception was -30.62%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for ENIAX and JPST. For additional features, visit the drawdowns tool.
Volatility
ENIAX vs. JPST - Volatility Comparison
SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) has a higher volatility of 0.32% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.14%. This indicates that ENIAX'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.