JPST vs. GSY
Compare and contrast key facts about JPMorgan Ultra-Short Income ETF (JPST) and Invesco Ultra Short Duration ETF (GSY).
JPST and GSY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPST is an actively managed fund by JPMorgan Chase. It was launched on May 17, 2017. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPST or GSY.
Correlation
The correlation between JPST and GSY is 0.40, 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.
Performance
JPST vs. GSY - Performance Comparison
Key characteristics
JPST:
11.05
GSY:
11.73
JPST:
25.11
GSY:
29.89
JPST:
5.73
GSY:
6.69
JPST:
56.92
GSY:
59.54
JPST:
300.36
GSY:
377.94
JPST:
0.02%
GSY:
0.02%
JPST:
0.51%
GSY:
0.51%
JPST:
-3.28%
GSY:
-12.14%
JPST:
0.00%
GSY:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with JPST having a 0.76% return and GSY slightly lower at 0.74%.
JPST
0.76%
0.48%
2.39%
5.61%
2.88%
N/A
GSY
0.74%
0.48%
2.59%
5.91%
2.84%
2.53%
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JPST vs. GSY - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is lower than GSY's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
JPST vs. GSY — Risk-Adjusted Performance Rank
JPST
GSY
JPST vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and Invesco Ultra Short Duration ETF (GSY). 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
JPST vs. GSY - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 5.09%, more than GSY's 4.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 5.09% | 5.16% | 4.80% | 1.83% | 0.73% | 1.43% | 2.68% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% |
GSY Invesco Ultra Short Duration ETF | 4.81% | 5.31% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% |
Drawdowns
JPST vs. GSY - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum GSY drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for JPST and GSY. For additional features, visit the drawdowns tool.
Volatility
JPST vs. GSY - Volatility Comparison
JPMorgan Ultra-Short Income ETF (JPST) has a higher volatility of 0.15% compared to Invesco Ultra Short Duration ETF (GSY) at 0.12%. This indicates that JPST's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.