JPST vs. NEAR
Compare and contrast key facts about JPMorgan Ultra-Short Income ETF (JPST) and iShares Short Maturity Bond ETF (NEAR).
JPST and NEAR 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. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPST or NEAR.
Key characteristics
| JPST | NEAR | |
|---|---|---|
| YTD Return | 1.67% | 0.28% |
| 1Y Return | 5.37% | 5.87% |
| 3Y Return (Ann) | 2.63% | 2.68% |
| 5Y Return (Ann) | 2.44% | 2.34% |
| Sharpe Ratio | 9.49 | 4.29 |
| Daily Std Dev | 0.56% | 1.36% |
| Max Drawdown | -3.28% | -9.60% |
| Current Drawdown | 0.00% | -0.41% |
Correlation
The correlation between JPST and NEAR 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. NEAR - Performance Comparison
In the year-to-date period, JPST achieves a 1.67% return, which is significantly higher than NEAR's 0.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JPST vs. NEAR - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is lower than NEAR's 0.25% 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. NEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and iShares Short Maturity Bond ETF (NEAR). 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. NEAR - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 5.07%, more than NEAR's 4.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 5.07% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
NEAR iShares Short Maturity Bond ETF | 4.96% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
Drawdowns
JPST vs. NEAR - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum NEAR drawdown of -9.60%. Use the drawdown chart below to compare losses from any high point for JPST and NEAR. For additional features, visit the drawdowns tool.
Volatility
JPST vs. NEAR - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.14%, while iShares Short Maturity Bond ETF (NEAR) has a volatility of 0.58%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.