FTSM vs. JSOSX
FTSM (First Trust Enhanced Short Maturity ETF) and JSOSX (JPMorgan Strategic Income Opportunities Fund Class I) are both funds - FTSM is a Ultrashort Bond fund actively managed by First Trust, while JSOSX is a Total Bond Market fund managed by JPMorgan. Over the past 10 years, FTSM returned 2.57%/yr vs 3.10%/yr for JSOSX. At a correlation of -0.00, they often move in opposite directions. FTSM charges 0.44%/yr vs 0.77%/yr for JSOSX.
Performance
FTSM vs. JSOSX - Performance Comparison
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Returns By Period
In the year-to-date period, FTSM achieves a 1.59% return, which is significantly higher than JSOSX's 1.34% return. Over the past 10 years, FTSM has underperformed JSOSX with an annualized return of 2.57%, while JSOSX has yielded a comparatively higher 3.10% annualized return.
FTSM
- 1D
- -0.01%
- 1M
- 0.22%
- YTD
- 1.59%
- 6M
- 1.73%
- 1Y
- 4.09%
- 3Y*
- 4.83%
- 5Y*
- 3.49%
- 10Y*
- 2.57%
JSOSX
- 1D
- 0.09%
- 1M
- 0.37%
- YTD
- 1.34%
- 6M
- 1.41%
- 1Y
- 3.40%
- 3Y*
- 4.53%
- 5Y*
- 3.23%
- 10Y*
- 3.10%
FTSM vs. JSOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 1.59% | 4.66% | 5.22% | 5.12% | 1.02% | -0.01% | 1.12% | 2.82% | 1.94% | 1.57% |
JSOSX JPMorgan Strategic Income Opportunities Fund Class I | 1.34% | 3.70% | 5.45% | 5.25% | 0.46% | 0.64% | 1.55% | 3.97% | 0.77% | 3.34% |
Correlation
The correlation between FTSM and JSOSX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2014 | -0.00 |
The correlation between FTSM and JSOSX shifts across timeframes, from -0.03 (5 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FTSM vs. JSOSX — Risk / Return Rank
FTSM
JSOSX
FTSM vs. JSOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Short Maturity ETF (FTSM) and JPMorgan Strategic Income Opportunities Fund Class I (JSOSX). 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.
| FTSM | JSOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.32 | ||
| Sortino ratioReturn per unit of downside risk | +9.35 | ||
| Omega ratioGain probability vs. loss probability | 4.15 | 3.93 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 35.13 | 13.36 | +21.77 |
| Martin ratioReturn relative to average drawdown | 172.78 | 82.52 | +90.26 |
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Drawdowns
FTSM vs. JSOSX - Drawdown Comparison
The maximum FTSM drawdown since its inception was -4.12%, smaller than the maximum JSOSX drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for FTSM and JSOSX.
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Drawdown Indicators
| FTSM | JSOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -6.40% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -0.26% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -0.15% | -0.44% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | -0.98% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | -6.19% | +2.07% |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -0.46% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.04% | -0.02% |
Volatility
FTSM vs. JSOSX - Volatility Comparison
First Trust Enhanced Short Maturity ETF (FTSM) and JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) have volatilities of 0.17% and 0.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTSM | JSOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 0.17% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.37% | 0.54% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.49% | 0.68% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.50% | 0.79% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.88% | 1.24% | -0.36% |
FTSM vs. JSOSX - Expense Ratio Comparison
FTSM has a 0.44% expense ratio, which is lower than JSOSX's 0.77% expense ratio.
Dividends
FTSM vs. JSOSX - Dividend Comparison
FTSM's dividend yield for the trailing twelve months is around 4.15%, more than JSOSX's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 4.15% | 4.28% | 4.91% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.14% | 1.49% | 1.03% | 0.48% |
JSOSX JPMorgan Strategic Income Opportunities Fund Class I | 3.61% | 3.82% | 5.05% | 4.77% | 1.69% | 0.55% | 1.26% | 2.85% | 3.00% | 3.21% | 4.30% | 3.44% |
Frequently Asked Questions
FTSM and JSOSX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JSOSX has higher volatility (0.17%) compared to FTSM (0.17%). In terms of maximum drawdown, FTSM dropped -4.12% vs JSOSX's -6.40%.
FTSM currently has the higher Sharpe Ratio (8.47 vs 5.15), 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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