JPST vs. VBR
JPST (JPMorgan Ultra-Short Income ETF) and VBR (Vanguard Small-Cap Value ETF) are both exchange-traded funds - JPST is a Ultrashort Bond fund actively managed by JPMorgan, while VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index. JPST is actively managed, while VBR is passively managed. Over the past 5 years, JPST returned 3.64%/yr vs 8.62%/yr for VBR. At a 0.05 correlation, their price movements are largely independent. JPST charges 0.18%/yr vs 0.05%/yr for VBR.
Performance
JPST vs. VBR - 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 VBR's 14.49% return.
JPST
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.56%
- 6M
- 1.76%
- 1Y
- 4.34%
- 3Y*
- 5.19%
- 5Y*
- 3.64%
- 10Y*
- —
VBR
- 1D
- -0.09%
- 1M
- 6.08%
- YTD
- 14.49%
- 6M
- 12.98%
- 1Y
- 29.82%
- 3Y*
- 16.12%
- 5Y*
- 8.62%
- 10Y*
- 10.95%
JPST vs. VBR - 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% | 0.98% |
VBR Vanguard Small-Cap Value ETF | 14.49% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -12.28% | 13.10% |
Correlation
The correlation between JPST and VBR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
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 May 19, 2017 | 0.05 |
Over the past year, JPST and VBR have become more correlated (0.28) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
JPST vs. VBR — Risk / Return Rank
JPST
VBR
JPST vs. VBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and Vanguard Small-Cap Value ETF (VBR). 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 | VBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.22 | ||
| Sortino ratioReturn per unit of downside risk | +15.14 | ||
| Omega ratioGain probability vs. loss probability | 4.00 | 1.34 | +2.66 |
| Calmar ratioReturn relative to maximum drawdown | 29.30 | 3.38 | +25.92 |
| Martin ratioReturn relative to average drawdown | 143.82 | 11.97 | +131.85 |
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Drawdowns
JPST vs. VBR - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for JPST and VBR.
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Drawdown Indicators
| JPST | VBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -61.98% | +58.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -8.85% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -24.19% | +23.89% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -24.19% | +23.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.28% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.09% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -8.26% | +8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 2.50% | -2.47% |
Volatility
JPST vs. VBR - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.16%, while Vanguard Small-Cap Value ETF (VBR) has a volatility of 4.43%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPST | VBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 4.43% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 10.61% | -10.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 15.31% | -14.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 19.79% | -19.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 21.75% | -20.82% |
JPST vs. VBR - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is higher than VBR'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. VBR - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.25%, more than VBR's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VBR Vanguard Small-Cap Value ETF | 1.72% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Frequently Asked Questions
JPST and VBR have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBR has higher volatility (4.43%) compared to JPST (0.16%). In terms of maximum drawdown, JPST dropped -3.28% vs VBR's -61.98%.
On 5-year performance, VBR leads with 8.62% vs 3.64% for JPST. On fees, VBR is cheaper at 0.05% 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, VBR has performed better with a 8.62% return vs 3.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VBR is cheaper with a 0.05% expense ratio, compared with 0.18% for JPST.
JPST has the higher dividend yield at 4.25%, compared with 1.72% for VBR.
JPST is categorized as Ultrashort Bond, while VBR is Small Cap Value Equities. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.18% for JPST and 0.05% for VBR.
JPST currently has the higher Sharpe Ratio (8.18 vs 1.96), 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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