JPST vs. VEA
JPST (JPMorgan Ultra-Short Income ETF) and VEA (Vanguard FTSE Developed Markets ETF) are both exchange-traded funds - JPST is a Ultrashort Bond fund actively managed by JPMorgan, while VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. JPST is actively managed, while VEA is passively managed. Over the past 5 years, JPST returned 3.64%/yr vs 9.87%/yr for VEA. At a 0.12 correlation, their price movements are largely independent. JPST charges 0.18%/yr vs 0.03%/yr for VEA.
Performance
JPST vs. VEA - 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 VEA's 16.08% return.
JPST
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.56%
- 6M
- 1.76%
- 1Y
- 4.34%
- 3Y*
- 5.19%
- 5Y*
- 3.64%
- 10Y*
- —
VEA
- 1D
- 1.17%
- 1M
- 4.79%
- YTD
- 16.08%
- 6M
- 17.35%
- 1Y
- 32.96%
- 3Y*
- 19.14%
- 5Y*
- 9.87%
- 10Y*
- 10.67%
JPST vs. VEA - 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% |
VEA Vanguard FTSE Developed Markets ETF | 16.08% | 35.16% | 3.15% | 17.93% | -15.34% | 11.66% | 9.71% | 22.62% | -14.75% | 12.18% |
Correlation
The correlation between JPST and VEA is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.12 |
Over the past year, JPST and VEA have become more correlated (0.34) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
JPST vs. VEA — Risk / Return Rank
JPST
VEA
JPST vs. VEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and Vanguard FTSE Developed Markets ETF (VEA). 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 | VEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.18 | ||
| Sortino ratioReturn per unit of downside risk | +15.25 | ||
| Omega ratioGain probability vs. loss probability | 4.00 | 1.36 | +2.63 |
| Calmar ratioReturn relative to maximum drawdown | 29.30 | 2.85 | +26.45 |
| Martin ratioReturn relative to average drawdown | 143.82 | 10.96 | +132.86 |
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Drawdowns
JPST vs. VEA - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for JPST and VEA.
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Drawdown Indicators
| JPST | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -60.68% | +57.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.15% | -11.63% | +11.48% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -13.45% | +13.15% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -29.71% | +28.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.73% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -13.27% | +13.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 3.01% | -2.98% |
Volatility
JPST vs. VEA - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.16%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 6.92%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPST | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 6.92% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 14.42% | -14.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.53% | 16.58% | -16.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 16.73% | -16.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 17.41% | -16.48% |
JPST vs. VEA - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is higher than VEA's 0.03% 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. VEA - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.25%, more than VEA's 2.59% 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% |
VEA Vanguard FTSE Developed Markets ETF | 2.59% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Frequently Asked Questions
JPST and VEA have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEA has higher volatility (6.92%) compared to JPST (0.16%). In terms of maximum drawdown, JPST dropped -3.28% vs VEA's -60.68%.
On 5-year performance, VEA leads with 9.87% vs 3.64% for JPST. On fees, VEA is cheaper at 0.03% 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, VEA has performed better with a 9.87% return vs 3.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEA is cheaper with a 0.03% expense ratio, compared with 0.18% for JPST.
JPST has the higher dividend yield at 4.25%, compared with 2.59% for VEA.
JPST is categorized as Ultrashort Bond, while VEA is Foreign Large Cap Equities. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.18% for JPST and 0.03% for VEA.
JPST currently has the higher Sharpe Ratio (8.18 vs 2.00), 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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