KTOS vs. JPST

Last updated Jun 24, 2026

KTOS (Kratos Defense & Security Solutions, Inc.) is a stock, while JPST (JPMorgan Ultra-Short Income ETF) is Ultrashort Bond fund actively managed by JPMorgan. Over the past 5 years, KTOS returned 13.11%/yr vs 3.65%/yr for JPST. At a 0.06 correlation, their price movements are largely independent.

Performance

KTOS vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kratos Defense & Security Solutions, Inc. (KTOS) 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, KTOS achieves a -33.08% return, which is significantly lower than JPST's 1.56% return.

KTOS

• 1D: -0.57%
• 1M: -9.58%
• YTD: -33.08%
• 6M: -38.27%
• 1Y: 16.43%
• 3Y*: 54.14%
• 5Y*: 13.11%
• 10Y*: 29.00%

JPST

• 1D: 0.08%
• 1M: 0.31%
• YTD: 1.56%
• 6M: 1.70%
• 1Y: 4.17%
• 3Y*: 5.16%
• 5Y*: 3.65%
• 10Y*: —

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

KTOS vs. JPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KTOS Kratos Defense & Security Solutions, Inc.	-33.08%	187.76%	30.01%	96.61%	-46.80%	-29.27%	52.30%	27.82%	33.05%	7.95%
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%

Correlation

The correlation between KTOS and JPST is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since May 19, 2017	0.06

Return for Risk

KTOS vs. JPST — Risk / Return Rank

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

KTOS

KTOS Risk / Return Rank: 50
KTOS Sharpe Ratio Rank: 51
KTOS Sortino Ratio Rank: 53
KTOS Omega Ratio Rank: 50
KTOS Calmar Ratio Rank: 49
KTOS Martin Ratio Rank: 49

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.

KTOS vs. JPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kratos Defense & Security Solutions, Inc. (KTOS) 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.

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.

	KTOS	JPST	Difference
Sharpe ratio: Return per unit of total volatility	0.23	7.67	-7.44
Sortino ratio: Return per unit of downside risk	0.85	16.22	-15.37
Omega ratio: Gain probability vs. loss probability	1.10	3.66	-2.56
Calmar ratio: Return relative to maximum drawdown	0.27	28.19	-27.92
Martin ratio: Return relative to average drawdown	0.53	134.29	-133.76

KTOS vs. JPST - Sharpe Ratio Comparison

The current KTOS Sharpe Ratio is 0.23, which is lower than the JPST Sharpe Ratio of 7.67. The chart below compares the historical Sharpe Ratios of KTOS 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.

Drawdowns

KTOS vs. JPST - Drawdown Comparison

The maximum KTOS drawdown since its inception was -99.81%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for KTOS and JPST.

Drawdown Indicators

	KTOS	JPST	Difference
Max Drawdown Largest peak-to-trough decline	-99.81%	-3.28%	-96.53%
Max Drawdown (1Y) Largest decline over 1 year	-61.14%	-0.15%	-60.99%
Max Drawdown (3Y) Largest decline over 3 years	-61.14%	-0.30%	-60.84%
Max Drawdown (5Y) Largest decline over 5 years	-69.39%	-0.79%	-68.60%
Max Drawdown (10Y) Largest decline over 10 years	-72.74%	—	—
Current Drawdown Current decline from peak	-96.78%	0.00%	-96.78%
Average Drawdown Average peak-to-trough decline	-95.93%	-0.08%	-95.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.23%	0.03%	+31.20%

Volatility

KTOS vs. JPST - Volatility Comparison

Kratos Defense & Security Solutions, Inc. (KTOS) has a higher volatility of 22.67% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.19%. This indicates that KTOS'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

	KTOS	JPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.67%	0.19%	+22.48%
Volatility (6M) Calculated over the trailing 6-month period	56.98%	0.38%	+56.60%
Volatility (1Y) Calculated over the trailing 1-year period	72.27%	0.55%	+71.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.46%	0.58%	+51.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.87%	0.93%	+49.94%

Dividends

KTOS vs. JPST - Dividend Comparison

KTOS has not paid dividends to shareholders, while JPST's dividend yield for the trailing twelve months is around 4.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
KTOS Kratos Defense & Security Solutions, Inc.	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 KTOS and JPST in my portfolio?

KTOS and JPST have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KTOS or JPST?

KTOS has higher volatility (22.67%) compared to JPST (0.19%). In terms of maximum drawdown, KTOS dropped -99.81% vs JPST's -3.28%.

Which has better risk-adjusted returns?

JPST currently has the higher Sharpe Ratio (7.67 vs 0.23), 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.