LSAT vs. JMMF
LSAT (Leadershares Alphafactor Tactical Focused ETF) and JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) are both Money Market funds. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. LSAT charges 0.99%/yr vs 0.16%/yr for JMMF.
Performance
LSAT vs. JMMF - Performance Comparison
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Returns By Period
In the year-to-date period, LSAT achieves a 10.47% return, which is significantly higher than JMMF's 1.63% return.
LSAT
- 1D
- 0.62%
- 1M
- 0.13%
- YTD
- 10.47%
- 6M
- 8.90%
- 1Y
- 11.27%
- 3Y*
- 12.09%
- 5Y*
- 6.38%
- 10Y*
- —
JMMF
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.63%
- 6M
- 1.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LSAT vs. JMMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LSAT Leadershares Alphafactor Tactical Focused ETF | 10.47% | -2.09% |
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 1.63% | 0.17% |
Correlation
The correlation between LSAT and JMMF is -0.07, 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 (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.07 |
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Return for Risk
LSAT vs. JMMF — Risk / Return Rank
LSAT
JMMF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LSAT vs. JMMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leadershares Alphafactor Tactical Focused ETF (LSAT) and JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF). 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.
| LSAT | JMMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.15 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | — | — |
| Martin ratioReturn relative to average drawdown | 3.34 | — | — |
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Drawdowns
LSAT vs. JMMF - Drawdown Comparison
The maximum LSAT drawdown since its inception was -20.48%, which is greater than JMMF's maximum drawdown of -0.14%. Use the drawdown chart below to compare losses from any high point for LSAT and JMMF.
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Drawdown Indicators
| LSAT | JMMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.48% | -0.14% | -20.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -18.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | 0.00% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -0.01% | -5.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | — | — |
Volatility
LSAT vs. JMMF - Volatility Comparison
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Volatility by Period
| LSAT | JMMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 0.51% | +12.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 0.51% | +15.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 0.51% | +16.23% |
LSAT vs. JMMF - Expense Ratio Comparison
LSAT has a 0.99% expense ratio, which is higher than JMMF's 0.16% expense ratio.
Dividends
LSAT vs. JMMF - Dividend Comparison
LSAT's dividend yield for the trailing twelve months is around 1.72%, less than JMMF's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 1.80% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LSAT Leadershares Alphafactor Tactical Focused ETF | 1.72% | 1.90% | 1.31% | 1.85% | 0.36% | 3.44% | 0.30% |
Frequently Asked Questions
LSAT and JMMF have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMMF is cheaper with a 0.16% expense ratio, compared with 0.99% for LSAT.
JMMF has the higher dividend yield at 1.80%, compared with 1.72% for LSAT.
They also come from different issuers: Redwood and JPMorgan. Their fees differ too: 0.99% for LSAT and 0.16% for JMMF.
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