GSST vs. JPST
Compare and contrast key facts about Goldman Sachs Access Ultra Short Bond ETF (GSST) and JPMorgan Ultra-Short Income ETF (JPST).
GSST and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSST is an actively managed fund by Goldman Sachs. It was launched on Apr 15, 2019. 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: GSST or JPST.
Correlation
The correlation between GSST and JPST is 0.34, 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
GSST vs. JPST - Performance Comparison
Key characteristics
GSST:
11.12
JPST:
10.79
GSST:
27.69
JPST:
24.24
GSST:
6.29
JPST:
5.54
GSST:
67.98
JPST:
56.27
GSST:
322.06
JPST:
292.48
GSST:
0.02%
JPST:
0.02%
GSST:
0.55%
JPST:
0.52%
GSST:
-3.51%
JPST:
-3.28%
GSST:
-0.00%
JPST:
-0.02%
Returns By Period
In the year-to-date period, GSST achieves a 5.86% return, which is significantly higher than JPST's 5.43% return.
GSST
5.86%
0.41%
2.94%
6.02%
2.77%
N/A
JPST
5.43%
0.35%
2.69%
5.55%
2.81%
N/A
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GSST vs. JPST - Expense Ratio Comparison
GSST has a 0.16% expense ratio, which is lower than JPST's 0.18% expense ratio. Despite the difference, 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
GSST vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Ultra Short Bond ETF (GSST) 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
GSST vs. JPST - Dividend Comparison
GSST's dividend yield for the trailing twelve months is around 5.42%, more than JPST's 5.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
GSST Goldman Sachs Access Ultra Short Bond ETF | 5.42% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 5.21% | 4.80% | 1.83% | 0.73% | 1.43% | 2.68% | 2.07% | 0.96% |
Drawdowns
GSST vs. JPST - Drawdown Comparison
The maximum GSST drawdown since its inception was -3.51%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for GSST and JPST. For additional features, visit the drawdowns tool.
Volatility
GSST vs. JPST - Volatility Comparison
Goldman Sachs Access Ultra Short Bond ETF (GSST) has a higher volatility of 0.19% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. This indicates that GSST'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.