JTEK vs. JPST

Last updated Jun 4, 2026

JTEK (JPMorgan U.S. Tech Leaders ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - JTEK is a Technology Equities fund actively managed by JPMorgan, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, JTEK returned 39.97% vs 4.31% for JPST. At a 0.12 correlation, their price movements are largely independent. JTEK charges 0.65%/yr vs 0.18%/yr for JPST.

Performance

JTEK vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Tech Leaders ETF (JTEK) 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, JTEK achieves a 22.19% return, which is significantly higher than JPST's 1.40% return.

JTEK

• 1D: -0.98%
• 1M: 13.34%
• YTD: 22.19%
• 6M: 19.61%
• 1Y: 39.97%
• 3Y*: —
• 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)

JTEK vs. JPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JTEK JPMorgan U.S. Tech Leaders ETF	22.19%	19.03%	28.69%	18.14%
JPST JPMorgan Ultra-Short Income ETF	1.40%	4.99%	5.58%	1.75%

Correlation

The correlation between JTEK and JPST is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023	0.12

JTEK vs. JPST - Sectors Allocation Comparison

Sectors	JTEK	JPST
Technology	63.8%	1.8%
Communication Services	17.9%	5.5%
Consumer Cyclical	9.2%	2.5%
Financial Services	4.5%	22.6%
Industrials	2.2%	2.1%
Healthcare	1.5%	1.5%
Real Estate	1.0%	0.7%
Energy	0.8%	0.4%
Basic Materials	-	0.2%
Consumer Defensive	-	0.7%
Utilities	-	2.8%

Return for Risk

JTEK vs. JPST — Risk / Return Rank

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

JTEK

JTEK Risk / Return Rank: 40
JTEK Sharpe Ratio Rank: 47
JTEK Sortino Ratio Rank: 42
JTEK Omega Ratio Rank: 42
JTEK Calmar Ratio Rank: 36
JTEK Martin Ratio Rank: 34

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.

JTEK vs. JPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Tech Leaders ETF (JTEK) 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.

	JTEK	JPST	Difference
Sharpe ratio: Return per unit of total volatility	1.65	8.09	-6.44
Sortino ratio: Return per unit of downside risk	2.18	17.60	-15.42
Omega ratio: Gain probability vs. loss probability	1.28	3.94	-2.66
Calmar ratio: Return relative to maximum drawdown	1.82	29.16	-27.34
Martin ratio: Return relative to average drawdown	5.31	144.13	-138.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JTEK vs. JPST - Sharpe Ratio Comparison

The current JTEK Sharpe Ratio is 1.65, which is lower than the JPST Sharpe Ratio of 8.09. The chart below compares the historical Sharpe Ratios of JTEK 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

	JTEK	JPST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	8.09	-6.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	6.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	3.20	-1.92

Drawdowns

JTEK vs. JPST - Drawdown Comparison

The maximum JTEK drawdown since its inception was -30.61%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for JTEK and JPST.

Drawdown Indicators

	JTEK	JPST	Difference
Max Drawdown Largest peak-to-trough decline	-30.61%	-3.28%	-27.33%
Max Drawdown (1Y) Largest decline over 1 year	-22.02%	-0.15%	-21.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.79%	—
Current Drawdown Current decline from peak	-0.98%	-0.02%	-0.96%
Average Drawdown Average peak-to-trough decline	-5.58%	-0.08%	-5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.54%	0.03%	+7.51%

Volatility

JTEK vs. JPST - Volatility Comparison

JPMorgan U.S. Tech Leaders ETF (JTEK) has a higher volatility of 7.32% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that JTEK'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

	JTEK	JPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	0.15%	+7.17%
Volatility (6M) Calculated over the trailing 6-month period	18.74%	0.36%	+18.38%
Volatility (1Y) Calculated over the trailing 1-year period	24.31%	0.54%	+23.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.37%	0.58%	+26.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.37%	0.93%	+26.44%

JTEK vs. JPST - Expense Ratio Comparison

JTEK has a 0.65% expense ratio, which is higher than JPST's 0.18% expense ratio.

Dividends

JTEK vs. JPST - Dividend Comparison

JTEK has not paid dividends to shareholders, while JPST's dividend yield for the trailing twelve months is around 4.26%.

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%
JTEK JPMorgan U.S. Tech Leaders ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JTEK and JPST in my portfolio?

JTEK and JPST have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JTEK or JPST?

JTEK has higher volatility (7.32%) compared to JPST (0.15%). In terms of maximum drawdown, JTEK dropped -30.61% vs JPST's -3.28%.

Which ETF is better, JTEK or JPST?

On 1-year performance, JTEK leads with 39.97% vs 4.31% 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, JTEK or JPST?

Over the 1-year period, JTEK has performed better with a 39.97% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JTEK or JPST?

JPST is cheaper with a 0.18% expense ratio, compared with 0.65% for JTEK.

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

JPST has the higher dividend yield at 4.26%, compared with 0.00% for JTEK.

What is the main difference between JTEK and JPST?

JTEK is categorized as Technology Equities, while JPST is Ultrashort Bond. Their fees differ too: 0.65% for JTEK and 0.18% for JPST.

Which has better risk-adjusted returns?

JPST currently has the higher Sharpe Ratio (8.09 vs 1.65), 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.