JPST vs. QQQ
JPST (JPMorgan Ultra-Short Income ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - JPST is a Ultrashort Bond fund actively managed by JPMorgan, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. JPST is actively managed, while QQQ is passively managed. Over the past 5 years, JPST returned 3.63%/yr vs 16.85%/yr for QQQ. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
JPST vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, JPST achieves a 1.50% return, which is significantly lower than QQQ's 17.57% return.
JPST
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.50%
- 6M
- 1.76%
- 1Y
- 4.27%
- 3Y*
- 5.19%
- 5Y*
- 3.63%
- 10Y*
- —
QQQ
- 1D
- 0.59%
- 1M
- 0.22%
- YTD
- 17.57%
- 6M
- 17.85%
- 1Y
- 37.55%
- 3Y*
- 26.43%
- 5Y*
- 16.85%
- 10Y*
- 21.79%
JPST vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 1.50% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
QQQ Invesco QQQ ETF | 17.57% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 14.28% |
Correlation
The correlation between JPST and QQQ is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.09 |
The correlation between JPST and QQQ shifts across timeframes, from 0.09 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPST vs. QQQ — Risk / Return Rank
JPST
QQQ
JPST vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and Invesco QQQ ETF (QQQ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPST | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.04 | ||
| Sortino ratioReturn per unit of downside risk | +15.09 | ||
| Omega ratioGain probability vs. loss probability | 3.97 | 1.37 | +2.60 |
| Calmar ratioReturn relative to maximum drawdown | 29.02 | 3.01 | +26.01 |
| Martin ratioReturn relative to average drawdown | 142.45 | 11.22 | +131.23 |
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Drawdowns
JPST vs. QQQ - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for JPST and QQQ.
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Drawdown Indicators
| JPST | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -82.97% | +79.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -11.96% | +11.81% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -22.77% | +22.47% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -35.12% | +34.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.33% | +3.33% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -32.75% | +32.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 3.20% | -3.17% |
Volatility
JPST vs. QQQ - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.16%, while Invesco QQQ ETF (QQQ) has a volatility of 7.56%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPST | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 7.56% | -7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 13.81% | -13.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 17.19% | -16.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 22.55% | -21.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 22.38% | -21.45% |
JPST vs. QQQ - Expense Ratio Comparison
Both JPST and QQQ 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%.
Dividends
JPST vs. QQQ - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.25%, more than QQQ's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 4.25% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.39% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
JPST and QQQ have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (7.56%) compared to JPST (0.16%). In terms of maximum drawdown, JPST dropped -3.28% vs QQQ's -82.97%.
On 5-year performance, QQQ leads with 16.85% vs 3.63% for JPST. Both ETFs have the same 0.18% expense ratio. On volatility, JPST has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQ has performed better with a 16.85% return vs 3.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPST and QQQ have the same expense ratio: 0.18% per year.
JPST has the higher dividend yield at 4.25%, compared with 0.39% for QQQ.
JPST is categorized as Ultrashort Bond, while QQQ is Nasdaq-100. They also come from different issuers: JPMorgan and Invesco.
JPST currently has the higher Sharpe Ratio (8.13 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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