ICSH vs. JPST
Compare and contrast key facts about iShares Ultra Short-Term Bond ETF (ICSH) and JPMorgan Ultra-Short Income ETF (JPST).
ICSH and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013. 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: ICSH or JPST.
Performance
ICSH vs. JPST - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with ICSH having a 4.92% return and JPST slightly higher at 5.06%.
ICSH
4.92%
0.30%
2.84%
5.78%
2.68%
2.40%
JPST
5.06%
0.31%
2.89%
6.04%
2.76%
N/A
Key characteristics
| ICSH | JPST | |
|---|---|---|
| Sharpe Ratio | 13.45 | 11.56 |
| Sortino Ratio | 36.73 | 28.68 |
| Omega Ratio | 8.15 | 6.48 |
| Calmar Ratio | 83.66 | 61.30 |
| Martin Ratio | 503.81 | 355.60 |
| Ulcer Index | 0.01% | 0.02% |
| Daily Std Dev | 0.43% | 0.52% |
| Max Drawdown | -3.94% | -3.28% |
| Current Drawdown | -0.02% | 0.00% |
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ICSH vs. JPST - Expense Ratio Comparison
ICSH has a 0.08% 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%.
Correlation
The correlation between ICSH and JPST is 0.38, 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.
Risk-Adjusted Performance
ICSH vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short-Term Bond ETF (ICSH) 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
ICSH vs. JPST - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 5.27%, which matches JPST's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short-Term Bond ETF | 5.27% | 4.78% | 1.66% | 0.42% | 1.22% | 2.60% | 2.19% | 1.36% | 0.88% | 0.54% | 0.46% |
JPST JPMorgan Ultra-Short Income ETF | 5.26% | 4.80% | 1.83% | 0.73% | 1.43% | 2.68% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% |
Drawdowns
ICSH vs. JPST - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for ICSH and JPST. For additional features, visit the drawdowns tool.
Volatility
ICSH vs. JPST - Volatility Comparison
The current volatility for iShares Ultra Short-Term Bond ETF (ICSH) is 0.14%, while JPMorgan Ultra-Short Income ETF (JPST) has a volatility of 0.16%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.