JPST vs. SPTU
JPST (JPMorgan Ultra-Short Income ETF) and SPTU (State Street SPDR Portfolio Ultra Short T-Bill ETF) are both Ultrashort Bond funds. JPST is actively managed, while SPTU is passively managed. Their 0.24 correlation means their historical movements had little consistent relationship. JPST charges 0.18%/yr vs 0.05%/yr for SPTU.
Performance
JPST vs. SPTU - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JPST having a 2.01% return and SPTU slightly higher at 2.10%.
JPST
- 1D
- 0.06%
- 1M
- 0.30%
- 6M
- 1.62%
- YTD
- 2.01%
- 1Y
- 3.96%
- 3Y*
- 5.07%
- 5Y*
- 3.72%
- 10Y*
- —
- ALL TIME*
- 2.99%
SPTU
- 1D
- -0.01%
- 1M
- 0.31%
- 6M
- 1.79%
- YTD
- 2.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $283.32M | $279.21M | $317.05M | |
| $32.95K | $32.90K | $66.95K |
JPST vs. SPTU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 2.01% | 1.02% |
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF | 2.10% | 0.87% |
Correlation
The correlation between JPST and SPTU is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | 0.24 |
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Return for Risk
JPST vs. SPTU — Risk / Return Rank
JPST
SPTU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JPST vs. SPTU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and State Street SPDR Portfolio Ultra Short T-Bill ETF (SPTU). 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 | SPTU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 3.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 26.75 | — | — |
| Martin ratioReturn relative to average drawdown | 126.55 | — | — |
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Drawdowns
JPST vs. SPTU - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, which is greater than SPTU's maximum drawdown of -0.04%. Use the drawdown chart below to compare losses from any high point for JPST and SPTU.
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Drawdown Indicators
| JPST | SPTU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -0.04% | -3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.08% | 0.00% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | — | — |
Volatility
JPST vs. SPTU - Volatility Comparison
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Volatility by Period
| JPST | SPTU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.39% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.52% | 0.32% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 0.32% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 0.32% | +0.61% |
JPST vs. SPTU - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is higher than SPTU's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JPST vs. SPTU - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.20%, more than SPTU's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 4.20% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
SPTU State Street SPDR Portfolio Ultra Short T-Bill ETF | 2.97% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPST and SPTU have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPTU is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPTU is cheaper with a 0.05% expense ratio, compared with 0.18% for JPST.
JPST has the higher dividend yield at 4.20%, compared with 2.97% for SPTU.
They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.18% for JPST and 0.05% for SPTU.
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