MBB vs. JPST
Compare and contrast key facts about iShares MBS Bond ETF (MBB) and JPMorgan Ultra-Short Income ETF (JPST).
MBB and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MBB is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. MBS Index. It was launched on Mar 16, 2007. JPST is an actively managed fund by JPMorgan Chase. It was launched on May 17, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MBB or JPST.
Key characteristics
| MBB | JPST | |
|---|---|---|
| YTD Return | -3.38% | 1.74% |
| 1Y Return | -1.66% | 5.42% |
| 3Y Return (Ann) | -3.88% | 2.66% |
| 5Y Return (Ann) | -0.93% | 2.45% |
| Sharpe Ratio | -0.08 | 9.95 |
| Daily Std Dev | 8.14% | 0.55% |
| Max Drawdown | -17.64% | -3.28% |
| Current Drawdown | -11.96% | 0.00% |
Correlation
The correlation between MBB and JPST is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MBB vs. JPST - Performance Comparison
In the year-to-date period, MBB achieves a -3.38% return, which is significantly lower than JPST's 1.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MBB vs. JPST - Expense Ratio Comparison
MBB has a 0.06% expense ratio, which is lower than JPST's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
MBB vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MBS Bond ETF (MBB) 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.
Dividends
MBB vs. JPST - Dividend Comparison
MBB's dividend yield for the trailing twelve months is around 3.73%, less than JPST's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBB iShares MBS Bond ETF | 3.73% | 3.40% | 2.31% | 1.05% | 2.10% | 2.77% | 2.64% | 2.23% | 2.58% | 2.66% | 1.72% | 1.27% |
JPST JPMorgan Ultra-Short Income ETF | 5.17% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MBB vs. JPST - Drawdown Comparison
The maximum MBB drawdown since its inception was -17.64%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for MBB and JPST. For additional features, visit the drawdowns tool.
Volatility
MBB vs. JPST - Volatility Comparison
iShares MBS Bond ETF (MBB) has a higher volatility of 2.42% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.14%. This indicates that MBB'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.