JPSV vs. JPST

Last updated Jun 4, 2026

JPSV (Jpmorgan Active Small Cap Value ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - JPSV is a Small Cap Value Equities fund actively managed by JPMorgan, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. Over the past 3 years, JPSV returned 11.47%/yr vs 5.16%/yr for JPST. At a 0.10 correlation, their price movements are largely independent. JPSV charges 0.74%/yr vs 0.18%/yr for JPST.

Performance

JPSV vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Active Small Cap Value ETF (JPSV) and JPMorgan Ultra-Short Income ETF (JPST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPSV achieves a 10.39% return, which is significantly higher than JPST's 1.40% return.

JPSV

• 1D: -1.23%
• 1M: 2.73%
• YTD: 10.39%
• 6M: 8.88%
• 1Y: 16.62%
• 3Y*: 11.47%
• 5Y*: —
• 10Y*: —

JPST

• 1D: 0.00%
• 1M: 0.35%
• YTD: 1.40%
• 6M: 1.74%
• 1Y: 4.31%
• 3Y*: 5.16%
• 5Y*: 3.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPSV vs. JPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPSV Jpmorgan Active Small Cap Value ETF	10.39%	0.63%	8.73%	9.72%
JPST JPMorgan Ultra-Short Income ETF	1.40%	4.99%	5.58%	4.43%

Correlation

The correlation between JPSV and JPST is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023	0.10

The correlation between JPSV and JPST shifts across timeframes, from 0.10 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

JPSV vs. JPST - Sectors Allocation Comparison

Sectors	JPSV	JPST
Financial Services	24.8%	22.6%
Industrials	13.2%	2.1%
Consumer Cyclical	9.2%	2.5%
Technology	8.8%	1.8%
Real Estate	8.4%	0.7%
Communication Services	6.7%	5.5%
Utilities	5.5%	2.8%
Energy	5.4%	0.4%
Healthcare	5.1%	1.5%
Basic Materials	5.1%	0.2%
Consumer Defensive	2.3%	0.7%

Return for Risk

JPSV vs. JPST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPSV

JPSV Risk / Return Rank: 32
JPSV Sharpe Ratio Rank: 30
JPSV Sortino Ratio Rank: 31
JPSV Omega Ratio Rank: 29
JPSV Calmar Ratio Rank: 37
JPSV Martin Ratio Rank: 33

JPST

JPST Risk / Return Rank: 99
JPST Sharpe Ratio Rank: 99
JPST Sortino Ratio Rank: 99
JPST Omega Ratio Rank: 99
JPST Calmar Ratio Rank: 99
JPST Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPSV vs. JPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Small Cap Value ETF (JPSV) and JPMorgan Ultra-Short Income ETF (JPST). 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.

	JPSV	JPST	Difference
Sharpe ratio: Return per unit of total volatility	1.07	8.09	-7.02
Sortino ratio: Return per unit of downside risk	1.68	17.60	-15.92
Omega ratio: Gain probability vs. loss probability	1.20	3.94	-2.74
Calmar ratio: Return relative to maximum drawdown	1.85	29.16	-27.31
Martin ratio: Return relative to average drawdown	4.96	144.13	-139.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPSV vs. JPST - Sharpe Ratio Comparison

The current JPSV Sharpe Ratio is 1.07, which is lower than the JPST Sharpe Ratio of 8.09. The chart below compares the historical Sharpe Ratios of JPSV and JPST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPSV	JPST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	8.09	-7.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	6.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	3.20	-2.69

Drawdowns

JPSV vs. JPST - Drawdown Comparison

The maximum JPSV drawdown since its inception was -22.78%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for JPSV and JPST.

Drawdown Indicators

	JPSV	JPST	Difference
Max Drawdown Largest peak-to-trough decline	-22.78%	-3.28%	-19.50%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-0.15%	-8.87%
Max Drawdown (3Y) Largest decline over 3 years	-22.78%	-0.30%	-22.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-0.79%	—
Current Drawdown Current decline from peak	-1.33%	-0.02%	-1.31%
Average Drawdown Average peak-to-trough decline	-5.63%	-0.08%	-5.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	0.03%	+3.33%

Volatility

JPSV vs. JPST - Volatility Comparison

Jpmorgan Active Small Cap Value ETF (JPSV) has a higher volatility of 3.80% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that JPSV's price experiences larger fluctuations and is considered to be riskier than JPST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPSV	JPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	0.15%	+3.65%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	0.36%	+9.63%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	0.54%	+15.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	0.58%	+17.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	0.93%	+16.99%

JPSV vs. JPST - Expense Ratio Comparison

JPSV has a 0.74% expense ratio, which is higher than JPST's 0.18% expense ratio.

Dividends

JPSV vs. JPST - Dividend Comparison

JPSV's dividend yield for the trailing twelve months is around 1.28%, less than JPST's 4.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPST JPMorgan Ultra-Short Income ETF	4.26%	4.43%	5.16%	4.79%	1.83%	0.73%	1.43%	2.69%	2.07%	0.96%
JPSV Jpmorgan Active Small Cap Value ETF	1.28%	1.42%	1.21%	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPSV and JPST in my portfolio?

JPSV and JPST have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPSV or JPST?

JPSV has higher volatility (3.80%) compared to JPST (0.15%). In terms of maximum drawdown, JPSV dropped -22.78% vs JPST's -3.28%.

Which ETF is better, JPSV or JPST?

On 3-year performance, JPSV leads with 11.47% vs 5.16% for JPST. On fees, JPST is cheaper at 0.18% per year. On volatility, JPST has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPSV or JPST?

Over the 3-year period, JPSV has performed better with a 11.47% return vs 5.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPSV or JPST?

JPST is cheaper with a 0.18% expense ratio, compared with 0.74% for JPSV.

Which ETF pays a higher dividend yield, JPSV or JPST?

JPST has the higher dividend yield at 4.26%, compared with 1.28% for JPSV.

What is the main difference between JPSV and JPST?

JPSV is categorized as Small Cap Value Equities, while JPST is Ultrashort Bond. Their fees differ too: 0.74% for JPSV and 0.18% for JPST.

Which has better risk-adjusted returns?

JPST currently has the higher Sharpe Ratio (8.09 vs 1.07), 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.