JPST vs. EVTR
JPST (JPMorgan Ultra-Short Income ETF) and EVTR (Eaton Vance Total Return Bond ETF) are both exchange-traded funds - JPST is a Ultrashort Bond fund actively managed by JPMorgan, while EVTR is a Intermediate Core-Plus Bond fund actively managed by Eaton Vance. Both are actively managed. Over the past year, JPST returned 3.96% vs 2.78% for EVTR. Their 0.58 correlation means they have sometimes moved together and sometimes differently. JPST charges 0.18%/yr vs 0.32%/yr for EVTR.
Performance
JPST vs. EVTR - Performance Comparison
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Returns By Period
In the year-to-date period, JPST achieves a 2.01% return, which is significantly higher than EVTR's -0.18% return.
JPST
- 1D
- 0.06%
- 1M
- 0.30%
- 6M
- 1.62%
- YTD
- 2.01%
- 1Y
- 3.96%
- 3Y*
- 5.07%
- 5Y*
- 3.72%
- 10Y*
- —
- ALL TIME*
- 2.99%
EVTR
- 1D
- 0.24%
- 1M
- -1.00%
- 6M
- -0.47%
- YTD
- -0.18%
- 1Y
- 2.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.44M | $23.14M | $25.84M | |
| $283.32M | $279.21M | $317.05M |
JPST vs. EVTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 2.01% | 4.99% | 4.31% |
EVTR Eaton Vance Total Return Bond ETF | -0.18% | 8.10% | 4.03% |
Correlation
The correlation between JPST and EVTR is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024 | 0.58 |
The correlation between JPST and EVTR has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.
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Return for Risk
JPST vs. EVTR — Risk / Return Rank
JPST
EVTR
JPST vs. EVTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and Eaton Vance Total Return Bond ETF (EVTR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPST | EVTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.95 | ||
| Sortino ratioReturn per unit of downside risk | +14.46 | ||
| Omega ratioGain probability vs. loss probability | 3.51 | 1.13 | +2.38 |
| Calmar ratioReturn relative to maximum drawdown | 26.75 | 0.98 | +25.77 |
| Martin ratioReturn relative to average drawdown | 126.55 | 2.62 | +123.93 |
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Drawdowns
JPST vs. EVTR - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum EVTR drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for JPST and EVTR.
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Drawdown Indicators
| JPST | EVTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -4.08% | +0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -2.86% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.91% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -1.00% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.06% | -1.03% |
Volatility
JPST vs. EVTR - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.14%, while Eaton Vance Total Return Bond ETF (EVTR) has a volatility of 1.10%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than EVTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPST | EVTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 1.10% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 0.39% | 3.12% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.52% | 3.72% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 4.30% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 4.30% | -3.37% |
JPST vs. EVTR - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is lower than EVTR's 0.32% expense ratio.
Dividends
JPST vs. EVTR - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.20%, less than EVTR's 4.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EVTR Eaton Vance Total Return Bond ETF | 4.80% | 4.51% | 4.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 4.20% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Frequently Asked Questions
JPST and EVTR have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVTR has higher volatility (1.10%) compared to JPST (0.14%). In terms of maximum drawdown, JPST dropped -3.28% vs EVTR's -4.08%.
On 1-year performance, JPST leads with 3.96% vs 2.78% for EVTR. On fees, JPST is cheaper at 0.18% per year. On volatility, JPST has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JPST has performed better with a 3.96% return vs 2.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPST is cheaper with a 0.18% expense ratio, compared with 0.32% for EVTR.
EVTR has the higher dividend yield at 4.80%, compared with 4.20% for JPST.
JPST is categorized as Ultrashort Bond, while EVTR is Intermediate Core-Plus Bond. They also come from different issuers: JPMorgan and Eaton Vance. Their fees differ too: 0.18% for JPST and 0.32% for EVTR.
JPST currently has the higher Sharpe Ratio (7.71 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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