NEAR vs. JPST
Compare and contrast key facts about iShares Short Maturity Bond ETF (NEAR) and JPMorgan Ultra-Short Income ETF (JPST).
NEAR and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013. 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: NEAR or JPST.
Key characteristics
| NEAR | JPST | |
|---|---|---|
| YTD Return | 4.53% | 4.91% |
| 1Y Return | 7.13% | 6.19% |
| 3Y Return (Ann) | 4.06% | 3.69% |
| 5Y Return (Ann) | 2.85% | 2.75% |
| Sharpe Ratio | 4.00 | 11.73 |
| Sortino Ratio | 6.46 | 29.69 |
| Omega Ratio | 1.91 | 6.69 |
| Calmar Ratio | 9.92 | 62.59 |
| Martin Ratio | 28.42 | 366.04 |
| Ulcer Index | 0.25% | 0.02% |
| Daily Std Dev | 1.75% | 0.53% |
| Max Drawdown | -9.60% | -3.28% |
| Current Drawdown | -0.41% | 0.00% |
Correlation
The correlation between NEAR and JPST is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NEAR vs. JPST - Performance Comparison
In the year-to-date period, NEAR achieves a 4.53% return, which is significantly lower than JPST's 4.91% 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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NEAR vs. JPST - Expense Ratio Comparison
NEAR has a 0.25% expense ratio, which is higher than JPST's 0.18% expense ratio. However, 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
NEAR vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Maturity Bond ETF (NEAR) 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
NEAR vs. JPST - Dividend Comparison
NEAR's dividend yield for the trailing twelve months is around 5.15%, less than JPST's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEAR iShares Short Maturity Bond ETF | 5.15% | 4.58% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% | 0.85% | 0.15% |
JPST JPMorgan Ultra-Short Income ETF | 5.26% | 4.80% | 1.83% | 0.73% | 1.43% | 2.68% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEAR vs. JPST - Drawdown Comparison
The maximum NEAR drawdown since its inception was -9.60%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for NEAR and JPST. For additional features, visit the drawdowns tool.
Volatility
NEAR vs. JPST - Volatility Comparison
iShares Short Maturity Bond ETF (NEAR) has a higher volatility of 0.40% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that NEAR'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.