JPST vs. GSST
JPST (JPMorgan Ultra-Short Income ETF) and GSST (Goldman Sachs Ultra Short Bond ETF) are both Ultrashort Bond funds. Both are actively managed. Over the past 5 years, JPST returned 3.61%/yr vs 3.75%/yr for GSST. At a 0.36 correlation, their price movements are largely independent. JPST charges 0.18%/yr vs 0.16%/yr for GSST.
Performance
JPST vs. GSST - Performance Comparison
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Returns By Period
In the year-to-date period, JPST achieves a 1.40% return, which is significantly lower than GSST's 1.55% return.
JPST
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.40%
- 6M
- 1.74%
- 1Y
- 4.31%
- 3Y*
- 5.16%
- 5Y*
- 3.61%
- 10Y*
- —
GSST
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.55%
- 6M
- 1.88%
- 1Y
- 4.61%
- 3Y*
- 5.52%
- 5Y*
- 3.75%
- 10Y*
- —
JPST vs. GSST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 1.40% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 2.17% |
GSST Goldman Sachs Ultra Short Bond ETF | 1.55% | 5.20% | 6.01% | 6.08% | 0.13% | 0.05% | 1.74% | 2.65% |
Correlation
The correlation between JPST and GSST is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019 | 0.36 |
The correlation between JPST and GSST shifts across timeframes, from 0.36 (all time) to 0.47 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPST vs. GSST — Risk / Return Rank
JPST
GSST
JPST vs. GSST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and Goldman Sachs Ultra Short Bond ETF (GSST). 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 | GSST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 3.94 | 3.94 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 29.16 | 29.99 | -0.83 |
| Martin ratioReturn relative to average drawdown | 144.13 | 185.54 | -41.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPST | GSST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.09 | 7.98 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.32 | 5.99 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.20 | 3.78 | -0.58 |
Drawdowns
JPST vs. GSST - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum GSST drawdown of -3.51%. Use the drawdown chart below to compare losses from any high point for JPST and GSST.
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Drawdown Indicators
| JPST | GSST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -3.51% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -0.15% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -0.25% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -1.19% | +0.40% |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -0.16% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.02% | +0.01% |
Volatility
JPST vs. GSST - Volatility Comparison
JPMorgan Ultra-Short Income ETF (JPST) has a higher volatility of 0.15% compared to Goldman Sachs Ultra Short Bond ETF (GSST) at 0.13%. This indicates that JPST's price experiences larger fluctuations and is considered to be riskier than GSST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPST | GSST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.13% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 0.41% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 0.58% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 0.63% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 0.86% | +0.07% |
JPST vs. GSST - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is higher than GSST's 0.16% 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. GSST - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.26%, less than GSST's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GSST Goldman Sachs Ultra Short Bond ETF | 4.32% | 4.56% | 5.45% | 4.98% | 1.97% | 0.71% | 1.12% | 1.66% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 4.26% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Frequently Asked Questions
JPST and GSST have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPST has higher volatility (0.15%) compared to GSST (0.13%). In terms of maximum drawdown, JPST dropped -3.28% vs GSST's -3.51%.
On 5-year performance, GSST leads with 3.75% vs 3.61% for JPST. On fees, GSST is cheaper at 0.16% 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, GSST has performed better with a 3.75% return vs 3.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GSST is cheaper with a 0.16% expense ratio, compared with 0.18% for JPST.
GSST has the higher dividend yield at 4.32%, compared with 4.26% for JPST.
They also come from different issuers: JPMorgan and Goldman Sachs. Their fees differ too: 0.18% for JPST and 0.16% for GSST.
JPST currently has the higher Sharpe Ratio (8.09 vs 7.98), 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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