IYH vs. JPST
IYH (iShares U.S. Healthcare ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - IYH is a Health & Biotech Equities fund tracking the Dow Jones U.S. Health Care Index, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. IYH is passively managed, while JPST is actively managed. Over the past 5 years, IYH returned 4.89%/yr vs 3.64%/yr for JPST. At a 0.09 correlation, their price movements are largely independent. IYH charges 0.43%/yr vs 0.18%/yr for JPST.
Performance
IYH vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, IYH achieves a -1.10% return, which is significantly lower than JPST's 1.56% return.
IYH
- 1D
- -0.46%
- 1M
- 5.37%
- YTD
- -1.10%
- 6M
- -1.60%
- 1Y
- 14.30%
- 3Y*
- 6.09%
- 5Y*
- 4.89%
- 10Y*
- 9.63%
JPST
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.56%
- 6M
- 1.76%
- 1Y
- 4.34%
- 3Y*
- 5.19%
- 5Y*
- 3.64%
- 10Y*
- —
IYH vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | -1.10% | 13.16% | 2.99% | 2.14% | -4.46% | 23.41% | 15.56% | 20.80% | 5.80% | 12.00% |
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 IYH and JPST is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.09 |
The correlation between IYH and JPST shifts across timeframes, from 0.09 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IYH vs. JPST — Risk / Return Rank
IYH
JPST
IYH vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) 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.
| IYH | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.23 | ||
| Sortino ratioReturn per unit of downside risk | -16.46 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 4.00 | -2.82 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 29.30 | -27.95 |
| Martin ratioReturn relative to average drawdown | 3.21 | 143.82 | -140.61 |
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Drawdowns
IYH vs. JPST - Drawdown Comparison
The maximum IYH drawdown since its inception was -43.12%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for IYH and JPST.
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Drawdown Indicators
| IYH | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -3.28% | -39.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -0.15% | -10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -0.30% | -17.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.91% | -0.79% | -17.12% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -4.38% | 0.00% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -0.08% | -8.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 0.03% | +4.43% |
Volatility
IYH vs. JPST - Volatility Comparison
iShares U.S. Healthcare ETF (IYH) has a higher volatility of 4.97% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. This indicates that IYH'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.
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Volatility by Period
| IYH | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 0.16% | +4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 0.36% | +10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.11% | 0.53% | +14.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 0.58% | +14.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.75% | 0.93% | +15.82% |
IYH vs. JPST - Expense Ratio Comparison
IYH has a 0.43% expense ratio, which is higher than JPST's 0.18% expense ratio.
Dividends
IYH vs. JPST - Dividend Comparison
IYH's dividend yield for the trailing twelve months is around 1.51%, less than JPST's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | 1.51% | 1.19% | 1.25% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.02% |
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
IYH and JPST have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYH has higher volatility (4.97%) compared to JPST (0.16%). In terms of maximum drawdown, IYH dropped -43.12% vs JPST's -3.28%.
On 5-year performance, IYH leads with 4.89% 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, IYH has performed better with a 4.89% 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 0.43% for IYH.
JPST has the higher dividend yield at 4.25%, compared with 1.51% for IYH.
IYH is categorized as Health & Biotech Equities, while JPST is Ultrashort Bond. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.43% for IYH and 0.18% for JPST.
JPST currently has the higher Sharpe Ratio (8.18 vs 0.95), 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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