LDSF vs. JPST

Last updated Jun 4, 2026

LDSF (First Trust Low Duration Strategic Focus ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - LDSF is a Short-Term Bond fund actively managed by First Trust, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, LDSF returned 2.38%/yr vs 3.61%/yr for JPST. At a 0.33 correlation, their price movements are largely independent. LDSF charges 0.87%/yr vs 0.18%/yr for JPST.

Performance

LDSF vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Low Duration Strategic Focus ETF (LDSF) 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, LDSF achieves a 0.74% return, which is significantly lower than JPST's 1.40% return.

LDSF

• 1D: -0.05%
• 1M: 0.26%
• YTD: 0.74%
• 6M: 1.04%
• 1Y: 5.06%
• 3Y*: 5.29%
• 5Y*: 2.38%
• 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)

LDSF vs. JPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LDSF First Trust Low Duration Strategic Focus ETF	0.74%	6.82%	4.20%	6.53%	-5.47%	-0.28%	2.48%	4.52%
JPST JPMorgan Ultra-Short Income ETF	1.40%	4.99%	5.58%	5.13%	1.14%	0.11%	2.18%	3.36%

Correlation

The correlation between LDSF and JPST is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 8, 2019	0.33

The correlation between LDSF and JPST shifts across timeframes, from 0.33 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.

LDSF vs. JPST - Sectors Allocation Comparison

Sectors	LDSF	JPST
Healthcare	100.0%	1.5%
Basic Materials	-	0.2%
Communication Services	-	5.5%
Consumer Cyclical	-	2.5%
Consumer Defensive	-	0.7%
Energy	-	0.4%
Financial Services	-	22.6%
Industrials	-	2.1%
Real Estate	-	0.7%
Technology	-	1.8%
Utilities	-	2.8%

Return for Risk

LDSF vs. JPST — Risk / Return Rank

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

LDSF

LDSF Risk / Return Rank: 74
LDSF Sharpe Ratio Rank: 75
LDSF Sortino Ratio Rank: 84
LDSF Omega Ratio Rank: 84
LDSF Calmar Ratio Rank: 58
LDSF Martin Ratio Rank: 68

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.

LDSF vs. JPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Low Duration Strategic Focus ETF (LDSF) 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.

	LDSF	JPST	Difference
Sharpe ratio: Return per unit of total volatility	2.47	8.09	-5.63
Sortino ratio: Return per unit of downside risk	3.80	17.60	-13.81
Omega ratio: Gain probability vs. loss probability	1.51	3.94	-2.43
Calmar ratio: Return relative to maximum drawdown	2.92	29.16	-26.24
Martin ratio: Return relative to average drawdown	12.40	144.13	-131.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDSF vs. JPST - Sharpe Ratio Comparison

The current LDSF Sharpe Ratio is 2.47, which is lower than the JPST Sharpe Ratio of 8.09. The chart below compares the historical Sharpe Ratios of LDSF 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

	LDSF	JPST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	8.09	-5.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	6.32	-5.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	3.20	-2.39

Drawdowns

LDSF vs. JPST - Drawdown Comparison

The maximum LDSF drawdown since its inception was -8.56%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for LDSF and JPST.

Drawdown Indicators

	LDSF	JPST	Difference
Max Drawdown Largest peak-to-trough decline	-8.56%	-3.28%	-5.28%
Max Drawdown (1Y) Largest decline over 1 year	-1.74%	-0.15%	-1.59%
Max Drawdown (3Y) Largest decline over 3 years	-1.74%	-0.30%	-1.44%
Max Drawdown (5Y) Largest decline over 5 years	-7.83%	-0.79%	-7.04%
Current Drawdown Current decline from peak	-0.27%	-0.02%	-0.25%
Average Drawdown Average peak-to-trough decline	-1.46%	-0.08%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	0.03%	+0.38%

Volatility

LDSF vs. JPST - Volatility Comparison

First Trust Low Duration Strategic Focus ETF (LDSF) has a higher volatility of 0.73% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that LDSF'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

	LDSF	JPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	0.15%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	0.36%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	0.54%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.08%	0.58%	+2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.18%	0.93%	+2.25%

LDSF vs. JPST - Expense Ratio Comparison

LDSF has a 0.87% expense ratio, which is higher than JPST's 0.18% expense ratio.

Dividends

LDSF vs. JPST - Dividend Comparison

LDSF's dividend yield for the trailing twelve months is around 4.63%, more 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%
LDSF First Trust Low Duration Strategic Focus ETF	4.63%	4.52%	4.53%	4.08%	2.61%	1.97%	2.65%	3.06%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LDSF and JPST in my portfolio?

LDSF and JPST have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDSF or JPST?

LDSF has higher volatility (0.73%) compared to JPST (0.15%). In terms of maximum drawdown, LDSF dropped -8.56% vs JPST's -3.28%.

Which ETF is better, LDSF or JPST?

On 5-year performance, JPST leads with 3.61% vs 2.38% for LDSF. 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, LDSF or JPST?

Over the 5-year period, JPST has performed better with a 3.61% return vs 2.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LDSF or JPST?

JPST is cheaper with a 0.18% expense ratio, compared with 0.87% for LDSF.

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

LDSF has the higher dividend yield at 4.63%, compared with 4.26% for JPST.

What is the main difference between LDSF and JPST?

LDSF is categorized as Short-Term Bond, while JPST is Ultrashort Bond. They also come from different issuers: First Trust and JPMorgan. Their fees differ too: 0.87% for LDSF and 0.18% for JPST.

Which has better risk-adjusted returns?

JPST currently has the higher Sharpe Ratio (8.09 vs 2.47), 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.