JPST vs. JPIE

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Ultra-Short Income ETF (JPST) and JPMorgan Income ETF (JPIE).

JPST and JPIE 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. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021.

Performance

JPST vs. JPIE - Performance Comparison

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

JPST vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JPST JPMorgan Ultra-Short Income ETF	0.71%	4.99%	5.58%	5.13%	1.14%	-0.03%
JPIE JPMorgan Income ETF	0.41%	7.39%	6.32%	7.07%	-6.13%	0.30%

Returns By Period

In the year-to-date period, JPST achieves a 0.71% return, which is significantly higher than JPIE's 0.41% return.

JPST

• 1D: 0.08%
• 1M: 0.03%
• YTD: 0.71%
• 6M: 1.89%
• 1Y: 4.41%
• 3Y*: 5.12%
• 5Y*: 3.50%
• 10Y*: —

JPIE

• 1D: 0.28%
• 1M: -0.63%
• YTD: 0.41%
• 6M: 2.06%
• 1Y: 5.76%
• 3Y*: 6.24%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPST vs. JPIE - Expense Ratio Comparison

JPST has a 0.18% expense ratio, which is lower than JPIE's 0.41% expense ratio.

JPIE

JPMorgan Income ETF

JPST

JPMorgan Ultra-Short Income ETF

Return for Risk

JPST vs. JPIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPST

JPST Risk / Return Rank: 99
JPST Sharpe Ratio Rank: 99
JPST Sortino Ratio Rank: 99
JPST Omega Ratio Rank: 99
JPST Calmar Ratio Rank: 99
JPST Martin Ratio Rank: 99

JPIE

JPIE Risk / Return Rank: 96
JPIE Sharpe Ratio Rank: 97
JPIE Sortino Ratio Rank: 97
JPIE Omega Ratio Rank: 98
JPIE Calmar Ratio Rank: 93
JPIE Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPST vs. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and JPMorgan Income ETF (JPIE). 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	JPIE	Difference
Sharpe ratio Return per unit of total volatility	7.27	2.74	+4.53
Sortino ratio Return per unit of downside risk	13.92	3.66	+10.26
Omega ratio Gain probability vs. loss probability	3.41	1.69	+1.72
Calmar ratio Return relative to maximum drawdown	14.93	3.40	+11.53
Martin ratio Return relative to average drawdown	94.51	18.83	+75.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPST vs. JPIE - Sharpe Ratio Comparison

The current JPST Sharpe Ratio is 7.27, which is higher than the JPIE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of JPST and JPIE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPST	JPIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.27	2.74	+4.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	6.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.16	0.94	+2.22

Correlation

The correlation between JPST and JPIE is 0.43, 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. JPIE - Dividend Comparison

JPST's dividend yield for the trailing twelve months is around 4.36%, less than JPIE's 5.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
JPIE JPMorgan Income ETF	5.62%	5.65%	6.11%	5.70%	4.49%	0.63%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JPST vs. JPIE - Drawdown Comparison

The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for JPST and JPIE.

Drawdown Indicators

	JPST	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-9.96%	+6.68%
Max Drawdown (1Y) Largest decline over 1 year	-0.30%	-1.72%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-0.79%	—	—
Current Drawdown Current decline from peak	0.00%	-0.63%	+0.63%
Average Drawdown Average peak-to-trough decline	-0.08%	-2.17%	+2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	0.31%	-0.26%

Volatility

JPST vs. JPIE - Volatility Comparison

The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.22%, while JPMorgan Income ETF (JPIE) has a volatility of 0.86%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPST	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.22%	0.86%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	0.35%	1.09%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	0.61%	2.11%	-1.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.57%	3.57%	-3.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.94%	3.57%	-2.63%