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JPST vs. JMST
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between JPST and JMST is 0.20, 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.


-0.50.00.51.00.2

Performance

JPST vs. JMST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Ultra-Short Income ETF (JPST) and JPMorgan Ultra-Short Municipal Income ETF (JMST). The values are adjusted to include any dividend payments, if applicable.

10.00%12.00%14.00%16.00%18.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
19.01%
12.58%
JPST
JMST

Key characteristics

Sharpe Ratio

JPST:

10.89

JMST:

4.50

Sortino Ratio

JPST:

24.51

JMST:

7.81

Omega Ratio

JPST:

5.59

JMST:

2.09

Calmar Ratio

JPST:

56.90

JMST:

19.83

Martin Ratio

JPST:

296.42

JMST:

83.25

Ulcer Index

JPST:

0.02%

JMST:

0.04%

Daily Std Dev

JPST:

0.52%

JMST:

0.74%

Max Drawdown

JPST:

-3.28%

JMST:

-2.41%

Current Drawdown

JPST:

-0.02%

JMST:

-0.08%

Returns By Period

In the year-to-date period, JPST achieves a 5.43% return, which is significantly higher than JMST's 3.20% return.


JPST

YTD

5.43%

1M

0.35%

6M

2.75%

1Y

5.57%

5Y*

2.80%

10Y*

N/A

JMST

YTD

3.20%

1M

0.19%

6M

1.76%

1Y

3.37%

5Y*

1.84%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


JPST vs. JMST - Expense Ratio Comparison

Both JPST and JMST have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


JPST
JPMorgan Ultra-Short Income ETF
Expense ratio chart for JPST: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%
Expense ratio chart for JMST: current value at 0.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.18%

Risk-Adjusted Performance

JPST vs. JMST - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and JPMorgan Ultra-Short Municipal Income ETF (JMST). 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.


Sharpe ratio
The chart of Sharpe ratio for JPST, currently valued at 10.89, compared to the broader market0.002.004.0010.894.50
The chart of Sortino ratio for JPST, currently valued at 24.51, compared to the broader market-2.000.002.004.006.008.0010.0024.517.81
The chart of Omega ratio for JPST, currently valued at 5.59, compared to the broader market0.501.001.502.002.503.005.592.09
The chart of Calmar ratio for JPST, currently valued at 56.90, compared to the broader market0.005.0010.0015.0056.9019.83
The chart of Martin ratio for JPST, currently valued at 296.42, compared to the broader market0.0020.0040.0060.0080.00100.00296.4283.25
JPST
JMST

The current JPST Sharpe Ratio is 10.89, which is higher than the JMST Sharpe Ratio of 4.50. The chart below compares the historical Sharpe Ratios of JPST and JMST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio4.006.008.0010.0012.00JulyAugustSeptemberOctoberNovemberDecember
10.89
4.50
JPST
JMST

Dividends

JPST vs. JMST - Dividend Comparison

JPST's dividend yield for the trailing twelve months is around 5.21%, more than JMST's 3.35% yield.


TTM2023202220212020201920182017
JPST
JPMorgan Ultra-Short Income ETF
5.21%4.80%1.83%0.73%1.43%2.68%2.07%0.96%
JMST
JPMorgan Ultra-Short Municipal Income ETF
3.35%3.09%1.11%0.27%0.87%1.63%0.34%0.00%

Drawdowns

JPST vs. JMST - Drawdown Comparison

The maximum JPST drawdown since its inception was -3.28%, which is greater than JMST's maximum drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for JPST and JMST. For additional features, visit the drawdowns tool.


-0.15%-0.10%-0.05%0.00%JulyAugustSeptemberOctoberNovemberDecember
-0.02%
-0.08%
JPST
JMST

Volatility

JPST vs. JMST - Volatility Comparison

The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.16%, while JPMorgan Ultra-Short Municipal Income ETF (JMST) has a volatility of 0.19%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than JMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.10%0.15%0.20%0.25%0.30%JulyAugustSeptemberOctoberNovemberDecember
0.16%
0.19%
JPST
JMST
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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