JPRE vs. JMST
Compare and contrast key facts about JPMorgan Realty Income ETF (JPRE) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
JPRE and JMST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPRE is an actively managed fund by JPMorgan. It was launched on Dec 31, 1997. JMST is an actively managed fund by JPMorgan Chase. It was launched on Oct 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPRE or JMST.
Performance
JPRE vs. JMST - Performance Comparison
Returns By Period
In the year-to-date period, JPRE achieves a 13.88% return, which is significantly higher than JMST's 3.05% return.
JPRE
13.88%
-0.94%
20.29%
25.24%
N/A
N/A
JMST
3.05%
0.37%
1.98%
3.78%
1.83%
N/A
Key characteristics
| JPRE | JMST | |
|---|---|---|
| Sharpe Ratio | 1.65 | 4.99 |
| Sortino Ratio | 2.32 | 8.94 |
| Omega Ratio | 1.29 | 2.24 |
| Calmar Ratio | 1.78 | 22.56 |
| Martin Ratio | 6.43 | 99.34 |
| Ulcer Index | 3.93% | 0.04% |
| Daily Std Dev | 15.26% | 0.76% |
| Max Drawdown | -23.84% | -2.41% |
| Current Drawdown | -2.26% | 0.00% |
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JPRE vs. JMST - Expense Ratio Comparison
JPRE has a 0.50% expense ratio, which is higher than JMST's 0.18% expense ratio.
Correlation
The correlation between JPRE and JMST is 0.14, 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.
Risk-Adjusted Performance
JPRE vs. JMST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) and JPMorgan Ultra-Short Municipal Income ETF (JMST). 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
JPRE vs. JMST - Dividend Comparison
JPRE's dividend yield for the trailing twelve months is around 2.16%, less than JMST's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
JPRE JPMorgan Realty Income ETF | 2.16% | 3.26% | 10.60% | 0.00% | 0.00% | 0.00% | 0.00% |
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.35% | 3.09% | 1.11% | 0.27% | 0.87% | 1.63% | 0.34% |
Drawdowns
JPRE vs. JMST - Drawdown Comparison
The maximum JPRE drawdown since its inception was -23.84%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for JPRE and JMST. For additional features, visit the drawdowns tool.
Volatility
JPRE vs. JMST - Volatility Comparison
JPMorgan Realty Income ETF (JPRE) has a higher volatility of 4.20% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.29%. This indicates that JPRE's price experiences larger fluctuations and is considered to be riskier than JMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.