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. It was launched on May 17, 2017. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Performance
JPST vs. GSY - Performance Comparison
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JPST vs. GSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 0.71% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 1.00% |
GSY Invesco Ultra Short Duration ETF | 0.80% | 4.96% | 5.95% | 5.99% | 0.01% | 0.03% | 1.88% | 3.39% | 2.18% | 1.14% |
Returns By Period
In the year-to-date period, JPST achieves a 0.71% return, which is significantly lower than GSY's 0.80% return.
JPST
- 1D
- 0.08%
- 1M
- 0.03%
- YTD
- 0.71%
- 6M
- 1.89%
- 1Y
- 4.41%
- 3Y*
- 5.12%
- 5Y*
- 3.50%
- 10Y*
- —
GSY
- 1D
- 0.04%
- 1M
- 0.08%
- YTD
- 0.80%
- 6M
- 1.92%
- 1Y
- 4.52%
- 3Y*
- 5.49%
- 5Y*
- 3.51%
- 10Y*
- 2.84%
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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%.
Return for Risk
JPST vs. GSY — Risk / Return Rank
JPST
GSY
JPST vs. GSY - Risk-Adjusted Trends 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.
| JPST | GSY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 7.27 | 10.64 | -3.37 |
Sortino ratioReturn per unit of downside risk | 13.92 | 24.03 | -10.11 |
Omega ratioGain probability vs. loss probability | 3.41 | 6.27 | -2.86 |
Calmar ratioReturn relative to maximum drawdown | 14.93 | 25.29 | -10.36 |
Martin ratioReturn relative to average drawdown | 94.51 | 176.75 | -82.24 |
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 | GSY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.27 | 10.64 | -3.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.16 | 6.07 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.16 | 0.45 | +2.71 |
Correlation
The correlation between JPST and GSY is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JPST vs. GSY - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.36%, less than GSY's 4.43% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
GSY Invesco Ultra Short Duration ETF | 4.43% | 4.56% | 5.31% | 4.95% | 1.70% | 0.58% | 1.45% | 2.71% | 2.30% | 1.80% | 1.21% | 1.17% |
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.
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Drawdown Indicators
| JPST | GSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -12.14% | +8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -0.18% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -1.48% | +0.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.25% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -2.41% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.03% | +0.02% |
Volatility
JPST vs. GSY - Volatility Comparison
JPMorgan Ultra-Short Income ETF (JPST) has a higher volatility of 0.22% compared to Invesco Ultra Short Duration ETF (GSY) at 0.15%. 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.
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Volatility by Period
| JPST | GSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 0.15% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 0.28% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.61% | 0.43% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.57% | 0.58% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.94% | 1.22% | -0.28% |