JMMF vs. JPST
JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - JMMF is a Money Market fund actively managed by JPMorgan, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. Their 0.01 correlation means their historical movements had little consistent relationship. JMMF charges 0.16%/yr vs 0.18%/yr for JPST.
Performance
JMMF vs. JPST - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JMMF having a 2.03% return and JPST slightly lower at 1.95%.
JMMF
- 1D
- 0.05%
- 1M
- 0.29%
- 6M
- 1.81%
- YTD
- 2.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
JPST
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 1.57%
- YTD
- 1.95%
- 1Y
- 3.90%
- 3Y*
- 5.09%
- 5Y*
- 3.71%
- 10Y*
- —
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $727.29K | $634.56K | $536.73K | |
| $275.20M | $274.89M | $316.70M |
JMMF vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.03% | 0.17% |
JPST JPMorgan Ultra-Short Income ETF | 1.95% | 0.30% |
Correlation
The correlation between JMMF and JPST is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.01 |
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Return for Risk
JMMF vs. JPST — Risk / Return Rank
JMMF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JPST
JMMF vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF) 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.
| JMMF | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.60 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 27.70 | — |
| Martin ratioReturn relative to average drawdown | — | 131.07 | — |
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Drawdowns
JMMF vs. JPST - Drawdown Comparison
The maximum JMMF drawdown since its inception was -0.14%, smaller than the maximum JPST drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for JMMF and JPST.
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Drawdown Indicators
| JMMF | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.14% | -3.28% | +3.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.15% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.79% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.08% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.03% | — |
Volatility
JMMF vs. JPST - Volatility Comparison
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Volatility by Period
| JMMF | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 0.55% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.50% | 0.58% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.50% | 0.93% | -0.43% |
JMMF vs. JPST - Expense Ratio Comparison
JMMF has a 0.16% 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%.
Dividends
JMMF vs. JPST - Dividend Comparison
JMMF's dividend yield for the trailing twelve months is around 2.20%, less than JPST's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.20% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 3.85% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Frequently Asked Questions
JMMF and JPST have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMMF is cheaper with a 0.16% expense ratio, compared with 0.18% for JPST.
JPST has the higher dividend yield at 3.85%, compared with 2.20% for JMMF.
JMMF is categorized as Money Market, while JPST is Ultrashort Bond. Their fees differ too: 0.16% for JMMF and 0.18% for JPST.
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