EVSD vs. JPST
EVSD (Eaton Vance Short Duration Income ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - EVSD is a Short-Term Bond fund actively managed by Eaton Vance, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, EVSD returned 4.84% vs 4.31% for JPST. A 0.59 correlation means they provide meaningful diversification when combined. EVSD charges 0.24%/yr vs 0.18%/yr for JPST.
Performance
EVSD vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, EVSD achieves a 0.77% return, which is significantly lower than JPST's 1.40% return.
EVSD
- 1D
- -0.08%
- 1M
- 0.32%
- YTD
- 0.77%
- 6M
- 1.16%
- 1Y
- 4.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPST
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.40%
- 6M
- 1.74%
- 1Y
- 4.31%
- 3Y*
- 5.16%
- 5Y*
- 3.61%
- 10Y*
- —
EVSD vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 0.77% | 6.80% | 3.87% |
JPST JPMorgan Ultra-Short Income ETF | 1.40% | 4.99% | 2.97% |
Correlation
The correlation between EVSD and JPST is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2024 | 0.59 |
The correlation between EVSD and JPST has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
EVSD vs. JPST — Risk / Return Rank
EVSD
JPST
EVSD vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Short Duration Income ETF (EVSD) 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.
| EVSD | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.93 | ||
| Sortino ratioReturn per unit of downside risk | -12.52 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 3.94 | -2.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 29.16 | -25.31 |
| Martin ratioReturn relative to average drawdown | 16.16 | 144.13 | -127.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EVSD | JPST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.16 | 8.09 | -4.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 6.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.03 | 3.20 | -0.17 |
Drawdowns
EVSD vs. JPST - Drawdown Comparison
The maximum EVSD drawdown since its inception was -1.26%, smaller than the maximum JPST drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for EVSD and JPST.
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Drawdown Indicators
| EVSD | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.26% | -3.28% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | -0.15% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.79% | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.02% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -0.08% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.03% | +0.27% |
Volatility
EVSD vs. JPST - Volatility Comparison
Eaton Vance Short Duration Income ETF (EVSD) has a higher volatility of 0.47% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that EVSD'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
| EVSD | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.15% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 1.14% | 0.36% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 0.54% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.94% | 0.58% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.94% | 0.93% | +1.01% |
EVSD vs. JPST - Expense Ratio Comparison
EVSD 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
EVSD vs. JPST - Dividend Comparison
EVSD's dividend yield for the trailing twelve months is around 4.62%, more than JPST's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EVSD Eaton Vance Short Duration Income ETF | 4.62% | 4.64% | 2.91% | 0.00% | 0.00% | 0.00% | 0.00% | 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
EVSD and JPST have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVSD has higher volatility (0.47%) compared to JPST (0.15%). In terms of maximum drawdown, EVSD dropped -1.26% vs JPST's -3.28%.
On 1-year performance, EVSD leads with 4.84% vs 4.31% for JPST. On fees, JPST is cheaper at 0.18% per year. On volatility, JPST has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVSD has performed better with a 4.84% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPST is cheaper with a 0.18% expense ratio, compared with 0.24% for EVSD.
EVSD has the higher dividend yield at 4.62%, compared with 4.26% for JPST.
EVSD is categorized as Short-Term Bond, while JPST is Ultrashort Bond. They also come from different issuers: Eaton Vance and JPMorgan. Their fees differ too: 0.24% for EVSD and 0.18% for JPST.
JPST currently has the higher Sharpe Ratio (8.09 vs 3.16), 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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