JPST vs. BILL

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Ultra-Short Income ETF (JPST) and Bill.com Holdings, Inc. (BILL).

JPST is an actively managed fund by JPMorgan. It was launched on May 17, 2017.

Performance

JPST vs. BILL - Performance Comparison

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

JPST vs. BILL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JPST JPMorgan Ultra-Short Income ETF	0.71%	4.99%	5.58%	5.13%	1.14%	0.11%	2.18%	0.15%
BILL Bill.com Holdings, Inc.	-29.78%	-35.62%	3.82%	-25.12%	-56.27%	82.53%	258.74%	7.18%

Returns By Period

In the year-to-date period, JPST achieves a 0.71% return, which is significantly higher than BILL's -29.78% return.

JPST

• 1D: 0.08%
• 1M: 0.03%
• YTD: 0.71%
• 6M: 1.89%
• 1Y: 4.41%
• 3Y*: 5.12%
• 5Y*: 3.50%
• 10Y*: —

BILL

• 1D: 2.85%
• 1M: -13.95%
• YTD: -29.78%
• 6M: -27.69%
• 1Y: -16.54%
• 3Y*: -22.14%
• 5Y*: -23.88%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

JPST vs. BILL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPST

JPST Risk / Return Rank: 99
JPST Sharpe Ratio Rank: 99
JPST Sortino Ratio Rank: 99
JPST Omega Ratio Rank: 99
JPST Calmar Ratio Rank: 99
JPST Martin Ratio Rank: 99

BILL

BILL Risk / Return Rank: 27
BILL Sharpe Ratio Rank: 30
BILL Sortino Ratio Rank: 31
BILL Omega Ratio Rank: 30
BILL Calmar Ratio Rank: 27
BILL Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPST vs. BILL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and Bill.com Holdings, Inc. (BILL). 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.

	JPST	BILL	Difference
Sharpe ratio Return per unit of total volatility	7.27	-0.26	+7.53
Sortino ratio Return per unit of downside risk	13.92	0.02	+13.90
Omega ratio Gain probability vs. loss probability	3.41	1.00	+2.41
Calmar ratio Return relative to maximum drawdown	14.93	-0.47	+15.40
Martin ratio Return relative to average drawdown	94.51	-1.30	+95.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPST vs. BILL - Sharpe Ratio Comparison

The current JPST Sharpe Ratio is 7.27, which is higher than the BILL Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of JPST and BILL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPST	BILL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.27	-0.26	+7.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	6.16	-0.34	+6.50
Sharpe Ratio (All Time) Calculated using the full available price history	3.16	0.02	+3.14

Correlation

The correlation between JPST and BILL is 0.06, 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.

Dividends

JPST vs. BILL - Dividend Comparison

JPST's dividend yield for the trailing twelve months is around 4.36%, while BILL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPST JPMorgan Ultra-Short Income ETF	4.36%	4.43%	5.16%	4.79%	1.83%	0.73%	1.43%	2.69%	2.07%	0.96%
BILL Bill.com Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JPST vs. BILL - Drawdown Comparison

The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum BILL drawdown of -89.58%. Use the drawdown chart below to compare losses from any high point for JPST and BILL.

Drawdown Indicators

	JPST	BILL	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-89.58%	+86.30%
Max Drawdown (1Y) Largest decline over 1 year	-0.30%	-36.64%	+36.34%
Max Drawdown (5Y) Largest decline over 5 years	-0.79%	-89.58%	+88.79%
Current Drawdown Current decline from peak	0.00%	-88.81%	+88.81%
Average Drawdown Average peak-to-trough decline	-0.08%	-53.62%	+53.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	13.22%	-13.17%

Volatility

JPST vs. BILL - Volatility Comparison

The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.22%, while Bill.com Holdings, Inc. (BILL) has a volatility of 11.83%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than BILL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPST	BILL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	11.83%	-11.61%
Volatility (6M) Calculated over the trailing 6-month period	0.35%	46.72%	-46.37%
Volatility (1Y) Calculated over the trailing 1-year period	0.61%	63.86%	-63.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.57%	70.81%	-70.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.94%	73.42%	-72.48%