JPST vs. FLOT
JPST (JPMorgan Ultra-Short Income ETF) and FLOT (iShares Floating Rate Bond ETF) are both Ultrashort Bond funds. JPST is actively managed, while FLOT is passively managed. Over the past 5 years, JPST returned 3.71%/yr vs 4.31%/yr for FLOT. Their 0.16 correlation means their historical movements had little consistent relationship. JPST charges 0.18%/yr vs 0.15%/yr for FLOT.
Performance
JPST vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, JPST achieves a 1.95% return, which is significantly lower than FLOT's 2.47% return.
JPST
- 1D
- 0.00%
- 1M
- 0.28%
- 6M
- 1.57%
- YTD
- 1.95%
- 1Y
- 4.10%
- 3Y*
- 5.09%
- 5Y*
- 3.71%
- 10Y*
- —
- ALL TIME*
- 2.99%
FLOT
- 1D
- -0.02%
- 1M
- 0.29%
- 6M
- 2.11%
- YTD
- 2.47%
- 1Y
- 4.61%
- 3Y*
- 5.50%
- 5Y*
- 4.31%
- 10Y*
- 3.07%
- ALL TIME*
- 2.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $94.03M | $97.06M | $92.58M | |
| $275.20M | $274.89M | $316.70M |
JPST vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 1.95% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
FLOT iShares Floating Rate Bond ETF | 2.47% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 0.96% |
Correlation
The correlation between JPST and FLOT is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.16 |
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Return for Risk
JPST vs. FLOT — Risk / Return Rank
JPST
FLOT
JPST vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and iShares Floating Rate Bond ETF (FLOT). 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 | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +4.99 | ||
| Omega ratioGain probability vs. loss probability | 3.60 | 3.02 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 27.70 | 10.73 | +16.97 |
| Martin ratioReturn relative to average drawdown | 131.07 | 98.80 | +32.27 |
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Drawdowns
JPST vs. FLOT - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for JPST and FLOT.
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Drawdown Indicators
| JPST | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -13.54% | +10.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -0.43% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -1.57% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -2.36% | +1.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -0.21% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.05% | -0.02% |
Volatility
JPST vs. FLOT - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.13%, while iShares Floating Rate Bond ETF (FLOT) has a volatility of 0.19%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPST | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 0.19% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.39% | 0.65% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.55% | 0.76% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 1.78% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 4.15% | -3.22% |
JPST vs. FLOT - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is higher than FLOT's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JPST vs. FLOT - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.22%, less than FLOT's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.46% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
JPST JPMorgan Ultra-Short Income ETF | 4.22% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
Frequently Asked Questions
JPST and FLOT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLOT has higher volatility (0.19%) compared to JPST (0.13%). In terms of maximum drawdown, JPST dropped -3.28% vs FLOT's -13.54%.
On 5-year performance, FLOT leads with 4.31% vs 3.71% for JPST. On fees, FLOT is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLOT has performed better with a 4.31% return vs 3.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.15% expense ratio, compared with 0.18% for JPST.
FLOT has the higher dividend yield at 4.46%, compared with 4.22% for JPST.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.18% for JPST and 0.15% for FLOT.
JPST currently has the higher Sharpe Ratio (7.56 vs 6.11), 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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