GSY vs. JPST
Compare and contrast key facts about Invesco Ultra Short Duration ETF (GSY) and JPMorgan Ultra-Short Income ETF (JPST).
GSY and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008. 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: GSY or JPST.
Key characteristics
| GSY | JPST | |
|---|---|---|
| YTD Return | 1.63% | 1.65% |
| 1Y Return | 5.90% | 5.31% |
| 3Y Return (Ann) | 2.51% | 2.63% |
| 5Y Return (Ann) | 2.38% | 2.44% |
| Sharpe Ratio | 8.96 | 9.52 |
| Daily Std Dev | 0.66% | 0.56% |
| Max Drawdown | -12.14% | -3.28% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between GSY and JPST is 0.35, 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
GSY vs. JPST - Performance Comparison
The year-to-date returns for both investments are quite close, with GSY having a 1.63% return and JPST slightly higher at 1.65%. 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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GSY vs. JPST - Expense Ratio Comparison
GSY has a 0.22% 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
GSY vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Ultra Short Duration ETF (GSY) 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
GSY vs. JPST - Dividend Comparison
GSY's dividend yield for the trailing twelve months is around 5.46%, more than JPST's 5.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSY Invesco Ultra Short Duration ETF | 5.46% | 4.95% | 1.70% | 0.58% | 1.60% | 2.92% | 2.43% | 2.02% | 1.30% | 1.17% | 1.29% | 1.14% |
JPST JPMorgan Ultra-Short Income ETF | 5.07% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GSY vs. JPST - Drawdown Comparison
The maximum GSY drawdown since its inception was -12.14%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for GSY and JPST. For additional features, visit the drawdowns tool.
Volatility
GSY vs. JPST - Volatility Comparison
Invesco Ultra Short Duration ETF (GSY) has a higher volatility of 0.17% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.14%. This indicates that GSY'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.