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JPIE vs. JPST
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

JPIE vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income ETF (JPIE) and JPMorgan Ultra-Short Income ETF (JPST). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
4.13%
2.81%
JPIE
JPST

Returns By Period

In the year-to-date period, JPIE achieves a 5.57% return, which is significantly higher than JPST's 5.06% return.


JPIE

YTD

5.57%

1M

0.15%

6M

4.12%

1Y

9.00%

5Y (annualized)

N/A

10Y (annualized)

N/A

JPST

YTD

5.06%

1M

0.31%

6M

2.81%

1Y

5.98%

5Y (annualized)

2.76%

10Y (annualized)

N/A

Key characteristics


JPIEJPST
Sharpe Ratio3.4911.34
Sortino Ratio5.5627.78
Omega Ratio1.796.21
Calmar Ratio3.1460.45
Martin Ratio22.98347.89
Ulcer Index0.39%0.02%
Daily Std Dev2.58%0.53%
Max Drawdown-9.96%-3.28%
Current Drawdown-0.60%0.00%

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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.


JPIE
JPMorgan Income ETF
Expense ratio chart for JPIE: current value at 0.41% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.41%
Expense ratio chart for JPST: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

Correlation

-0.50.00.51.00.4

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.

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.


Sharpe ratio
The chart of Sharpe ratio for JPIE, currently valued at 3.49, compared to the broader market0.002.004.003.4911.34
The chart of Sortino ratio for JPIE, currently valued at 5.56, compared to the broader market-2.000.002.004.006.008.0010.0012.005.5627.78
The chart of Omega ratio for JPIE, currently valued at 1.79, compared to the broader market0.501.001.502.002.503.001.796.21
The chart of Calmar ratio for JPIE, currently valued at 3.14, compared to the broader market0.005.0010.0015.0020.003.1460.45
The chart of Martin ratio for JPIE, currently valued at 22.98, compared to the broader market0.0020.0040.0060.0080.00100.0022.98347.89
JPIE
JPST

The current JPIE Sharpe Ratio is 3.49, which is lower than the JPST Sharpe Ratio of 11.34. The chart below compares the historical Sharpe Ratios of JPIE and JPST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio2.004.006.008.0010.0012.00JuneJulyAugustSeptemberOctoberNovember
3.49
11.34
JPIE
JPST

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.


TTM2023202220212020201920182017
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.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.60%
0
JPIE
JPST

Volatility

JPIE vs. JPST - Volatility Comparison

JPMorgan Income ETF (JPIE) has a higher volatility of 0.42% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. 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.


0.10%0.20%0.30%0.40%0.50%0.60%0.70%JuneJulyAugustSeptemberOctoberNovember
0.42%
0.16%
JPIE
JPST