JPST vs. VGSH
Compare and contrast key facts about JPMorgan Ultra-Short Income ETF (JPST) and Vanguard Short-Term Treasury ETF (VGSH).
JPST and VGSH 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. It was launched on May 17, 2017. VGSH is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Nov 19, 2009.
Performance
JPST vs. VGSH - Performance Comparison
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JPST vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 0.71% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 1.00% |
VGSH Vanguard Short-Term Treasury ETF | 0.28% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 3.04% | 3.52% | 1.55% | -0.11% |
Returns By Period
In the year-to-date period, JPST achieves a 0.71% return, which is significantly higher than VGSH's 0.28% return.
JPST
- 1D
- 0.08%
- 1M
- 0.03%
- YTD
- 0.71%
- 6M
- 1.89%
- 1Y
- 4.41%
- 3Y*
- 5.12%
- 5Y*
- 3.50%
- 10Y*
- —
VGSH
- 1D
- 0.09%
- 1M
- -0.49%
- YTD
- 0.28%
- 6M
- 1.37%
- 1Y
- 3.75%
- 3Y*
- 3.98%
- 5Y*
- 1.79%
- 10Y*
- 1.74%
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JPST vs. VGSH - Expense Ratio Comparison
JPST has a 0.18% expense ratio, which is higher than VGSH'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%.
Return for Risk
JPST vs. VGSH — Risk / Return Rank
JPST
VGSH
JPST vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Ultra-Short Income ETF (JPST) and Vanguard Short-Term Treasury ETF (VGSH). 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 | VGSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 7.27 | 2.62 | +4.65 |
Sortino ratioReturn per unit of downside risk | 13.92 | 4.21 | +9.71 |
Omega ratioGain probability vs. loss probability | 3.41 | 1.57 | +1.85 |
Calmar ratioReturn relative to maximum drawdown | 14.93 | 4.26 | +10.67 |
Martin ratioReturn relative to average drawdown | 94.51 | 16.28 | +78.24 |
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 | VGSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.27 | 2.62 | +4.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 6.16 | 0.92 | +5.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.16 | 1.02 | +2.14 |
Correlation
The correlation between JPST and VGSH is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JPST vs. VGSH - Dividend Comparison
JPST's dividend yield for the trailing twelve months is around 4.36%, more than VGSH's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 4.36% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.95% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Drawdowns
JPST vs. VGSH - Drawdown Comparison
The maximum JPST drawdown since its inception was -3.28%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for JPST and VGSH.
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Drawdown Indicators
| JPST | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.28% | -5.70% | +2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -0.88% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -0.79% | -5.70% | +4.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.70% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.49% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -0.60% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.23% | -0.18% |
Volatility
JPST vs. VGSH - Volatility Comparison
The current volatility for JPMorgan Ultra-Short Income ETF (JPST) is 0.22%, while Vanguard Short-Term Treasury ETF (VGSH) has a volatility of 0.52%. This indicates that JPST experiences smaller price fluctuations and is considered to be less risky than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPST | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 0.52% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 0.84% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.61% | 1.44% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.57% | 1.96% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.94% | 1.57% | -0.63% |