JPIE vs. JPST
Compare and contrast key facts about JPMorgan Income ETF (JPIE) and JPMorgan Ultra-Short Income ETF (JPST).
JPIE and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021. 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: JPIE or JPST.
Key characteristics
| JPIE | JPST | |
|---|---|---|
| YTD Return | 5.50% | 4.91% |
| 1Y Return | 10.07% | 6.17% |
| 3Y Return (Ann) | 2.04% | 3.71% |
| Sharpe Ratio | 3.69 | 11.73 |
| Sortino Ratio | 6.17 | 29.69 |
| Omega Ratio | 1.87 | 6.69 |
| Calmar Ratio | 2.73 | 62.59 |
| Martin Ratio | 27.43 | 366.04 |
| Ulcer Index | 0.37% | 0.02% |
| Daily Std Dev | 2.75% | 0.53% |
| Max Drawdown | -9.96% | -3.28% |
| Current Drawdown | -0.67% | 0.00% |
Correlation
The correlation between JPIE and JPST is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JPIE vs. JPST - Performance Comparison
In the year-to-date period, JPIE achieves a 5.50% return, which is significantly higher than JPST's 4.91% 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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JPIE vs. JPST - Expense Ratio Comparison
JPIE has a 0.41% expense ratio, which is higher than JPST's 0.18% expense ratio.
Risk-Adjusted Performance
JPIE vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) 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
JPIE vs. JPST - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 6.19%, more than JPST's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 6.19% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 5.26% | 4.80% | 1.83% | 0.73% | 1.43% | 2.68% | 2.07% | 0.96% |
Drawdowns
JPIE vs. JPST - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for JPIE and JPST. For additional features, visit the drawdowns tool.
Volatility
JPIE vs. JPST - Volatility Comparison
JPMorgan Income ETF (JPIE) has a higher volatility of 0.46% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that JPIE'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.