JPST vs. USMF
JPST (JPMorgan Ultra-Short Income ETF) and USMF (WisdomTree US Multifactor Fund) are both exchange-traded funds - JPST is a Ultrashort Bond fund actively managed by JPMorgan, while USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index. JPST is actively managed, while USMF is passively managed. Over the past 5 years, JPST returned 3.64%/yr vs 8.31%/yr for USMF. At a 0.07 correlation, their price movements are largely independent. JPST charges 0.18%/yr vs 0.28%/yr for USMF.
Performance
JPST vs. USMF - Performance Comparison
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Returns By Period
In the year-to-date period, JPST achieves a 1.56% return, which is significantly lower than USMF's 6.65% return.
JPST
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.56%
- 6M
- 1.76%
- 1Y
- 4.34%
- 3Y*
- 5.19%
- 5Y*
- 3.64%
- 10Y*
- —
USMF
- 1D
- 1.25%
- 1M
- 5.30%
- YTD
- 6.65%
- 6M
- 6.40%
- 1Y
- 9.68%
- 3Y*
- 13.99%
- 5Y*
- 8.31%
- 10Y*
- —
JPST vs. USMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 1.56% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.50% |
USMF WisdomTree US Multifactor Fund | 6.65% | 4.60% | 19.65% | 13.47% | -8.82% | 21.26% | 12.01% | 24.06% | -4.72% | 11.27% |
Correlation
The correlation between JPST and USMF is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2017 | 0.07 |
The correlation between JPST and USMF shifts across timeframes, from 0.07 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPST vs. USMF — Risk / Return Rank
JPST
USMF
JPST vs. USMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and WisdomTree US Multifactor Fund (USMF). 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 | USMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.32 | ||
| Sortino ratioReturn per unit of downside risk | +16.70 | ||
| Omega ratioGain probability vs. loss probability | 4.00 | 1.15 | +2.84 |
| Calmar ratioReturn relative to maximum drawdown | 29.30 | 1.50 | +27.80 |
| Martin ratioReturn relative to average drawdown | 143.82 | 4.47 | +139.35 |
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Drawdowns
JPST vs. USMF - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum USMF drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for JPST and USMF.
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Drawdown Indicators
| JPST | USMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -36.24% | +32.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -6.47% | +6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -15.39% | +15.09% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -18.10% | +17.31% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -4.15% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 2.17% | -2.14% |
Volatility
JPST vs. USMF - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.16%, while WisdomTree US Multifactor Fund (USMF) has a volatility of 4.10%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPST | USMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 4.10% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 8.13% | -7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 11.31% | -10.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 14.34% | -13.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 16.97% | -16.04% |
JPST vs. USMF - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is lower than USMF's 0.28% expense ratio.
Dividends
JPST vs. USMF - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.25%, more than USMF's 1.29% 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% |
USMF WisdomTree US Multifactor Fund | 1.29% | 1.37% | 1.22% | 1.33% | 1.74% | 1.42% | 1.34% | 1.38% | 1.45% | 0.67% |
Frequently Asked Questions
JPST and USMF 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.
USMF has higher volatility (4.10%) compared to JPST (0.16%). In terms of maximum drawdown, JPST dropped -3.28% vs USMF's -36.24%.
On 5-year performance, USMF leads with 8.31% 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.
Over the 5-year period, USMF has performed better with a 8.31% return vs 3.64%. 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 0.28% for USMF.
JPST has the higher dividend yield at 4.25%, compared with 1.29% for USMF.
JPST is categorized as Ultrashort Bond, while USMF is Mid Cap Blend Equities. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.18% for JPST and 0.28% for USMF.
JPST currently has the higher Sharpe Ratio (8.18 vs 0.86), 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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