JPST vs. QTUM

Last updated Jun 16, 2026

JPST (JPMorgan Ultra-Short Income ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - JPST is a Ultrashort Bond fund actively managed by JPMorgan, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. JPST is actively managed, while QTUM is passively managed. Over the past 5 years, JPST returned 3.64%/yr vs 29.16%/yr for QTUM. At a 0.10 correlation, their price movements are largely independent. JPST charges 0.18%/yr vs 0.40%/yr for QTUM.

Performance

JPST vs. QTUM - Performance Comparison

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

Returns By Period

In the year-to-date period, JPST achieves a 1.56% return, which is significantly lower than QTUM's 53.56% return.

JPST

• 1D: 0.06%
• 1M: 0.37%
• YTD: 1.56%
• 6M: 1.76%
• 1Y: 4.34%
• 3Y*: 5.19%
• 5Y*: 3.64%
• 10Y*: —

QTUM

• 1D: 4.18%
• 1M: 17.45%
• YTD: 53.56%
• 6M: 53.19%
• 1Y: 94.08%
• 3Y*: 50.50%
• 5Y*: 29.16%
• 10Y*: —

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

JPST vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JPST JPMorgan Ultra-Short Income ETF	1.56%	4.99%	5.58%	5.13%	1.14%	0.11%	2.18%	3.34%	0.72%
QTUM Defiance Quantum ETF	53.56%	36.65%	50.54%	39.86%	-28.80%	35.18%	42.05%	47.99%	-19.44%

Correlation

The correlation between JPST and QTUM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.10

Return for Risk

JPST vs. QTUM — 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

QTUM

QTUM Risk / Return Rank: 92
QTUM Sharpe Ratio Rank: 95
QTUM Sortino Ratio Rank: 90
QTUM Omega Ratio Rank: 90
QTUM Calmar Ratio Rank: 94
QTUM Martin Ratio Rank: 93

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. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and Defiance Quantum ETF (QTUM). 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	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	8.18	3.31	+4.87
Sortino ratio: Return per unit of downside risk	17.99	3.78	+14.21
Omega ratio: Gain probability vs. loss probability	4.00	1.51	+2.48
Calmar ratio: Return relative to maximum drawdown	29.30	6.20	+23.10
Martin ratio: Return relative to average drawdown	143.82	22.43	+121.40

JPST vs. QTUM - Sharpe Ratio Comparison

The current JPST Sharpe Ratio is 8.18, which is higher than the QTUM Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of JPST and QTUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPST vs. QTUM - Drawdown Comparison

The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for JPST and QTUM.

Drawdown Indicators

	JPST	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-38.45%	+35.17%
Max Drawdown (1Y) Largest decline over 1 year	-0.15%	-15.26%	+15.11%
Max Drawdown (3Y) Largest decline over 3 years	-0.30%	-25.39%	+25.09%
Max Drawdown (5Y) Largest decline over 5 years	-0.79%	-38.45%	+37.66%
Current Drawdown Current decline from peak	0.00%	-0.42%	+0.42%
Average Drawdown Average peak-to-trough decline	-0.08%	-8.24%	+8.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	4.21%	-4.18%

Volatility

JPST vs. QTUM - Volatility Comparison

The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.16%, while Defiance Quantum ETF (QTUM) has a volatility of 14.65%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPST	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.16%	14.65%	-14.49%
Volatility (6M) Calculated over the trailing 6-month period	0.36%	23.48%	-23.12%
Volatility (1Y) Calculated over the trailing 1-year period	0.53%	28.64%	-28.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	27.06%	-26.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.93%	27.43%	-26.50%

JPST vs. QTUM - Expense Ratio Comparison

JPST has a 0.18% expense ratio, which is lower than QTUM's 0.40% expense ratio.

Dividends

JPST vs. QTUM - Dividend Comparison

JPST's dividend yield for the trailing twelve months is around 4.25%, more than QTUM's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
QTUM Defiance Quantum ETF	0.70%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%	0.00%

Frequently Asked Questions

Can I hold both JPST and QTUM in my portfolio?

JPST and QTUM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPST or QTUM?

QTUM has higher volatility (14.65%) compared to JPST (0.16%). In terms of maximum drawdown, JPST dropped -3.28% vs QTUM's -38.45%.

Which ETF is better, JPST or QTUM?

On 5-year performance, QTUM leads with 29.16% vs 3.64% for JPST. On fees, JPST is cheaper at 0.18% per year. 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.

Which ETF has performed better, JPST or QTUM?

Over the 5-year period, QTUM has performed better with a 29.16% return vs 3.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPST or QTUM?

JPST is cheaper with a 0.18% expense ratio, compared with 0.40% for QTUM.

Which ETF pays a higher dividend yield, JPST or QTUM?

JPST has the higher dividend yield at 4.25%, compared with 0.70% for QTUM.

What is the main difference between JPST and QTUM?

JPST is categorized as Ultrashort Bond, while QTUM is Technology Equities. They also come from different issuers: JPMorgan and Defiance. Their fees differ too: 0.18% for JPST and 0.40% for QTUM.

Which has better risk-adjusted returns?

JPST currently has the higher Sharpe Ratio (8.18 vs 3.31), 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.