JMMF vs. LSAT
JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) and LSAT (Leadershares Alphafactor Tactical Focused ETF) are both Money Market funds. Both are actively managed. Their -0.07 correlation means they have often moved in opposite directions in the past. JMMF charges 0.16%/yr vs 0.99%/yr for LSAT.
Performance
JMMF vs. LSAT - Performance Comparison
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Returns By Period
In the year-to-date period, JMMF achieves a 2.03% return, which is significantly lower than LSAT's 16.87% return.
JMMF
- 1D
- 0.05%
- 1M
- 0.29%
- 6M
- 1.81%
- YTD
- 2.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
LSAT
- 1D
- -1.47%
- 1M
- -0.08%
- 6M
- 16.18%
- YTD
- 16.87%
- 1Y
- 16.88%
- 3Y*
- 10.30%
- 5Y*
- 7.11%
- 10Y*
- —
- ALL TIME*
- 12.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $727.29K | $634.56K | $536.73K | |
| $127.96K | $112.69K | $108.05K |
JMMF vs. LSAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.03% | 0.17% |
LSAT Leadershares Alphafactor Tactical Focused ETF | 16.87% | -2.09% |
Correlation
The correlation between JMMF and LSAT is -0.07, 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 | -0.07 |
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Return for Risk
JMMF vs. LSAT — Risk / Return Rank
JMMF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LSAT
JMMF vs. LSAT - 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 Leadershares Alphafactor Tactical Focused ETF (LSAT). 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 | LSAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.04 | — |
| Martin ratioReturn relative to average drawdown | — | 4.83 | — |
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Drawdowns
JMMF vs. LSAT - Drawdown Comparison
The maximum JMMF drawdown since its inception was -0.14%, smaller than the maximum LSAT drawdown of -20.48%. Use the drawdown chart below to compare losses from any high point for JMMF and LSAT.
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Drawdown Indicators
| JMMF | LSAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.14% | -20.48% | +20.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.48% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.01% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -5.42% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.35% | — |
Volatility
JMMF vs. LSAT - Volatility Comparison
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Volatility by Period
| JMMF | LSAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 13.08% | -12.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.50% | 16.27% | -15.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.50% | 16.71% | -16.21% |
JMMF vs. LSAT - Expense Ratio Comparison
JMMF has a 0.16% expense ratio, which is lower than LSAT's 0.99% expense ratio.
Dividends
JMMF vs. LSAT - Dividend Comparison
JMMF's dividend yield for the trailing twelve months is around 2.20%, more than LSAT's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.20% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.62% | 1.90% | 1.31% | 1.85% | 0.36% | 3.44% | 0.30% |
Frequently Asked Questions
JMMF and LSAT have a correlation of -0.07, 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 0.99% for LSAT.
JMMF has the higher dividend yield at 2.20%, compared with 1.62% for LSAT.
They also come from different issuers: JPMorgan and Redwood. Their fees differ too: 0.16% for JMMF and 0.99% for LSAT.
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