JPST vs. STPZ
JPST (JPMorgan Ultra-Short Income ETF) and STPZ (PIMCO 1-5 Year US TIPS Index ETF) are both exchange-traded funds - JPST is a Ultrashort Bond fund actively managed by JPMorgan, while STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y). JPST is actively managed, while STPZ is passively managed. Over the past 5 years, JPST returned 3.61%/yr vs 2.90%/yr for STPZ. At a 0.32 correlation, their price movements are largely independent. JPST charges 0.18%/yr vs 0.20%/yr for STPZ.
Performance
JPST vs. STPZ - Performance Comparison
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Returns By Period
In the year-to-date period, JPST achieves a 1.40% return, which is significantly lower than STPZ's 1.79% return.
JPST
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.40%
- 6M
- 1.74%
- 1Y
- 4.31%
- 3Y*
- 5.16%
- 5Y*
- 3.61%
- 10Y*
- —
STPZ
- 1D
- -0.00%
- 1M
- -0.09%
- YTD
- 1.79%
- 6M
- 1.77%
- 1Y
- 4.51%
- 3Y*
- 5.03%
- 5Y*
- 2.90%
- 10Y*
- 2.89%
JPST vs. STPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 1.40% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 1.00% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.79% | 6.40% | 4.30% | 4.28% | -4.49% | 5.64% | 5.44% | 4.83% | 0.04% | 0.01% |
Correlation
The correlation between JPST and STPZ is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 22, 2017 | 0.32 |
The correlation between JPST and STPZ shifts across timeframes, from 0.32 (all time) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPST vs. STPZ — Risk / Return Rank
JPST
STPZ
JPST vs. STPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and PIMCO 1-5 Year US TIPS Index ETF (STPZ). 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 | STPZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.61 | ||
| Sortino ratioReturn per unit of downside risk | +13.66 | ||
| Omega ratioGain probability vs. loss probability | 3.94 | 1.49 | +2.45 |
| Calmar ratioReturn relative to maximum drawdown | 29.16 | 4.87 | +24.30 |
| Martin ratioReturn relative to average drawdown | 144.13 | 16.28 | +127.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPST | STPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.09 | 2.49 | +5.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.32 | 0.89 | +5.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.20 | 0.90 | +2.30 |
Drawdowns
JPST vs. STPZ - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum STPZ drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for JPST and STPZ.
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Drawdown Indicators
| JPST | STPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -6.77% | +3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -0.93% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -1.35% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -6.70% | +5.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.77% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.11% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -1.31% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.28% | -0.25% |
Volatility
JPST vs. STPZ - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.15%, while PIMCO 1-5 Year US TIPS Index ETF (STPZ) has a volatility of 0.46%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than STPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPST | STPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.46% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 1.20% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.54% | 1.83% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 3.29% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 2.98% | -2.05% |
JPST vs. STPZ - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is lower than STPZ's 0.20% 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%.
Dividends
JPST vs. STPZ - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.26%, more than STPZ's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 4.26% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 4.10% | 3.65% | 1.97% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.23% | 1.51% | 0.65% | 0.49% |
Frequently Asked Questions
JPST and STPZ have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STPZ has higher volatility (0.46%) compared to JPST (0.15%). In terms of maximum drawdown, JPST dropped -3.28% vs STPZ's -6.77%.
On 5-year performance, JPST leads with 3.61% vs 2.90% for STPZ. On fees, JPST is cheaper at 0.18% per year. On volatility, JPST has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JPST has performed better with a 3.61% return vs 2.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPST is cheaper with a 0.18% expense ratio, compared with 0.20% for STPZ.
JPST has the higher dividend yield at 4.26%, compared with 4.10% for STPZ.
JPST is categorized as Ultrashort Bond, while STPZ is Inflation-Protected Bonds. They also come from different issuers: JPMorgan and PIMCO. Their fees differ too: 0.18% for JPST and 0.20% for STPZ.
JPST currently has the higher Sharpe Ratio (8.09 vs 2.49), 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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