JMSI vs. JPST
Compare and contrast key facts about J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) and JPMorgan Ultra-Short Income ETF (JPST).
JMSI and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMSI is an actively managed fund by JPMorgan. It was launched on Feb 9, 1993. JPST is an actively managed fund by JPMorgan Chase. It was launched on May 17, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMSI or JPST.
Key characteristics
| JMSI | JPST | |
|---|---|---|
| YTD Return | 3.65% | 4.43% |
| 1Y Return | 8.11% | 6.56% |
| Sharpe Ratio | 2.18 | 12.69 |
| Daily Std Dev | 3.67% | 0.52% |
| Max Drawdown | -4.57% | -3.28% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between JMSI and JPST is 0.40, 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
JMSI vs. JPST - Performance Comparison
In the year-to-date period, JMSI achieves a 3.65% return, which is significantly lower than JPST's 4.43% 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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JMSI vs. JPST - Expense Ratio Comparison
Both JMSI and JPST have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
JMSI vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) 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.
Dividends
JMSI vs. JPST - Dividend Comparison
JMSI's dividend yield for the trailing twelve months is around 3.61%, less than JPST's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund | 3.61% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 5.26% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Drawdowns
JMSI vs. JPST - Drawdown Comparison
The maximum JMSI drawdown since its inception was -4.57%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for JMSI and JPST. For additional features, visit the drawdowns tool.
Volatility
JMSI vs. JPST - Volatility Comparison
J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) has a higher volatility of 0.55% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.17%. This indicates that JMSI'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.