JPST vs. USFR
Compare and contrast key facts about JPMorgan Ultra-Short Income ETF (JPST) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
JPST and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPST or USFR.
Key characteristics
| JPST | USFR | |
|---|---|---|
| YTD Return | 1.71% | 1.95% |
| 1Y Return | 5.40% | 5.49% |
| 3Y Return (Ann) | 2.65% | 3.00% |
| 5Y Return (Ann) | 2.44% | 2.17% |
| Sharpe Ratio | 9.69 | 15.03 |
| Daily Std Dev | 0.56% | 0.37% |
| Max Drawdown | -3.28% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between JPST and USFR is 0.02, 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. USFR - Performance Comparison
In the year-to-date period, JPST achieves a 1.71% return, which is significantly lower than USFR's 1.95% 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. USFR - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is higher than USFR's 0.15% 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%.
Risk-Adjusted Performance
JPST vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 5.07%, less than USFR's 5.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 5.07% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.35% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Drawdowns
JPST vs. USFR - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for JPST and USFR. For additional features, visit the drawdowns tool.
Volatility
JPST vs. USFR - Volatility Comparison
JPMorgan Ultra-Short Income ETF (JPST) has a higher volatility of 0.14% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that JPST's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.