JCPB vs. JMST
Compare and contrast key facts about JPMorgan Core Plus Bond ETF (JCPB) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
JCPB and JMST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JCPB is an actively managed fund by JPMorgan Chase. It was launched on Jan 28, 2019. JMST is an actively managed fund by JPMorgan Chase. It was launched on Oct 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JCPB or JMST.
Key characteristics
| JCPB | JMST | |
|---|---|---|
| YTD Return | 3.03% | 2.87% |
| 1Y Return | 10.12% | 3.90% |
| 3Y Return (Ann) | -1.23% | 2.19% |
| 5Y Return (Ann) | 0.97% | 1.81% |
| Sharpe Ratio | 1.70 | 5.09 |
| Sortino Ratio | 2.54 | 9.17 |
| Omega Ratio | 1.30 | 2.27 |
| Calmar Ratio | 0.73 | 23.79 |
| Martin Ratio | 6.74 | 103.03 |
| Ulcer Index | 1.44% | 0.04% |
| Daily Std Dev | 5.74% | 0.78% |
| Max Drawdown | -16.67% | -2.41% |
| Current Drawdown | -4.54% | -0.04% |
Correlation
The correlation between JCPB and JMST is 0.25, 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
JCPB vs. JMST - Performance Comparison
In the year-to-date period, JCPB achieves a 3.03% return, which is significantly higher than JMST's 2.87% return. 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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JCPB vs. JMST - Expense Ratio Comparison
JCPB has a 0.40% expense ratio, which is higher than JMST's 0.18% expense ratio.
Risk-Adjusted Performance
JCPB vs. JMST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond ETF (JCPB) and JPMorgan Ultra-Short Municipal Income ETF (JMST). 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
JCPB vs. JMST - Dividend Comparison
JCPB's dividend yield for the trailing twelve months is around 5.05%, more than JMST's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
JCPB JPMorgan Core Plus Bond ETF | 5.05% | 4.32% | 3.00% | 2.19% | 2.97% | 3.23% | 0.00% |
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.35% | 3.09% | 1.11% | 0.27% | 0.87% | 1.63% | 0.34% |
Drawdowns
JCPB vs. JMST - Drawdown Comparison
The maximum JCPB drawdown since its inception was -16.67%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for JCPB and JMST. For additional features, visit the drawdowns tool.
Volatility
JCPB vs. JMST - Volatility Comparison
JPMorgan Core Plus Bond ETF (JCPB) has a higher volatility of 1.65% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.29%. This indicates that JCPB's price experiences larger fluctuations and is considered to be riskier than JMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.