IWY vs. JPST
IWY (iShares Russell Top 200 Growth ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. IWY is passively managed, while JPST is actively managed. Over the past 5 years, IWY returned 15.67%/yr vs 3.64%/yr for JPST. At a 0.09 correlation, their price movements are largely independent. IWY charges 0.20%/yr vs 0.18%/yr for JPST.
Performance
IWY vs. JPST - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWY achieves a 5.40% return, which is significantly higher than JPST's 1.56% return.
IWY
- 1D
- 2.34%
- 1M
- -0.22%
- YTD
- 5.40%
- 6M
- 6.65%
- 1Y
- 24.23%
- 3Y*
- 23.50%
- 5Y*
- 15.67%
- 10Y*
- 19.59%
JPST
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.56%
- 6M
- 1.76%
- 1Y
- 4.34%
- 3Y*
- 5.19%
- 5Y*
- 3.64%
- 10Y*
- —
IWY vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 5.40% | 18.19% | 34.89% | 46.49% | -29.91% | 31.05% | 39.01% | 36.20% | -0.72% | 17.17% |
JPST JPMorgan Ultra-Short Income ETF | 1.56% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
Correlation
The correlation between IWY and JPST 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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.09 |
The correlation between IWY and JPST shifts across timeframes, from 0.09 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWY vs. JPST — Risk / Return Rank
IWY
JPST
IWY vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) 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.
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.
| IWY | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.67 | ||
| Sortino ratioReturn per unit of downside risk | -15.92 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 4.00 | -2.73 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 29.30 | -27.84 |
| Martin ratioReturn relative to average drawdown | 4.70 | 143.82 | -139.12 |
Loading charts...
Drawdowns
IWY vs. JPST - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for IWY and JPST.
Loading charts...
Drawdown Indicators
| IWY | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -3.28% | -29.40% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -0.15% | -16.48% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | -0.30% | -22.92% |
Max Drawdown (5Y)Largest decline over 5 years | -32.68% | -0.79% | -31.89% |
Max Drawdown (10Y)Largest decline over 10 years | -32.68% | — | — |
Current DrawdownCurrent decline from peak | -3.47% | 0.00% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -0.08% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 0.03% | +5.14% |
Volatility
IWY vs. JPST - Volatility Comparison
iShares Russell Top 200 Growth ETF (IWY) has a higher volatility of 5.68% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. This indicates that IWY'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.
Loading charts...
Volatility by Period
| IWY | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 0.16% | +5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 0.36% | +12.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.14% | 0.53% | +15.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.57% | 0.58% | +20.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.03% | 0.93% | +20.10% |
IWY vs. JPST - Expense Ratio Comparison
IWY has a 0.20% 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
IWY vs. JPST - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.43%, less than JPST's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.43% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
JPST JPMorgan Ultra-Short Income ETF | 4.25% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
Frequently Asked Questions
IWY and JPST 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.
IWY has higher volatility (5.68%) compared to JPST (0.16%). In terms of maximum drawdown, IWY dropped -32.68% vs JPST's -3.28%.
On 5-year performance, IWY leads with 15.67% vs 3.64% for JPST. On fees, JPST is cheaper at 0.18% per year. On volatility, JPST has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IWY has performed better with a 15.67% return vs 3.64%. 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 0.20% for IWY.
JPST has the higher dividend yield at 4.25%, compared with 0.43% for IWY.
IWY is categorized as Large Cap Growth Equities, while JPST is Ultrashort Bond. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.20% for IWY and 0.18% for JPST.
JPST currently has the higher Sharpe Ratio (8.18 vs 1.51), 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.
Find the right allocation for IWY and JPST
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer