NGVC vs. JPST
NGVC (Natural Grocers by Vitamin Cottage, Inc.) is a stock, while JPST (JPMorgan Ultra-Short Income ETF) is Ultrashort Bond fund actively managed by JPMorgan. Over the past 5 years, NGVC returned 28.03%/yr vs 3.73%/yr for JPST. Their -0.02 correlation means they have often moved in opposite directions in the past.
Performance
NGVC vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, NGVC achieves a 31.40% return, which is significantly higher than JPST's 2.05% return.
NGVC
- 1D
- -1.99%
- 1M
- -0.12%
- 6M
- 18.96%
- YTD
- 31.40%
- 1Y
- -11.09%
- 3Y*
- 41.02%
- 5Y*
- 28.03%
- 10Y*
- 13.82%
- ALL TIME*
- 6.93%
JPST
- 1D
- 0.04%
- 1M
- 0.34%
- 6M
- 1.66%
- YTD
- 2.05%
- 1Y
- 3.98%
- 3Y*
- 5.08%
- 5Y*
- 3.73%
- 10Y*
- —
- ALL TIME*
- 3.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $295.29M | $283.69M | $319.13M | |
| $3.40M | $3.32M | $3.93M |
NGVC vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGVC Natural Grocers by Vitamin Cottage, Inc. | 31.40% | -36.07% | 152.51% | 91.83% | -34.02% | 6.24% | 62.34% | -35.12% | 71.67% | -5.80% |
JPST JPMorgan Ultra-Short Income ETF | 2.05% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
Correlation
The correlation between NGVC and JPST is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | -0.02 |
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Return for Risk
NGVC vs. JPST — Risk / Return Rank
NGVC
JPST
NGVC vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Natural Grocers by Vitamin Cottage, Inc. (NGVC) 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.
| NGVC | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.02 | ||
| Sortino ratioReturn per unit of downside risk | -15.76 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 3.52 | -2.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 26.89 | -27.15 |
| Martin ratioReturn relative to average drawdown | -0.41 | 127.21 | -127.62 |
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Drawdowns
NGVC vs. JPST - Drawdown Comparison
The maximum NGVC drawdown since its inception was -89.04%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for NGVC and JPST.
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Drawdown Indicators
| NGVC | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.04% | -3.28% | -85.76% |
Max Drawdown (1Y)Largest decline over 1 year | -41.80% | -0.15% | -41.65% |
Max Drawdown (3Y)Largest decline over 3 years | -59.87% | -0.30% | -59.57% |
Max Drawdown (5Y)Largest decline over 5 years | -63.34% | -0.79% | -62.55% |
Max Drawdown (10Y)Largest decline over 10 years | -73.77% | — | — |
Current DrawdownCurrent decline from peak | -44.30% | 0.00% | -44.30% |
Average DrawdownAverage peak-to-trough decline | -52.49% | -0.08% | -52.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.40% | 0.03% | +27.37% |
Volatility
NGVC vs. JPST - Volatility Comparison
Natural Grocers by Vitamin Cottage, Inc. (NGVC) has a higher volatility of 12.39% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.13%. This indicates that NGVC'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.
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Volatility by Period
| NGVC | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.39% | 0.13% | +12.26% |
Volatility (6M)Calculated over the trailing 6-month period | 26.08% | 0.39% | +25.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.93% | 0.52% | +39.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.23% | 0.58% | +47.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.71% | 0.93% | +54.78% |
Dividends
NGVC vs. JPST - Dividend Comparison
NGVC's dividend yield for the trailing twelve months is around 1.75%, less than JPST's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 4.19% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
NGVC Natural Grocers by Vitamin Cottage, Inc. | 1.75% | 2.04% | 1.06% | 8.75% | 4.38% | 2.18% | 16.59% | 0.71% | 0.00% | 0.00% |
Frequently Asked Questions
NGVC and JPST have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NGVC has higher volatility (12.39%) compared to JPST (0.13%). In terms of maximum drawdown, NGVC dropped -89.04% vs JPST's -3.28%.
JPST currently has the higher Sharpe Ratio (7.74 vs -0.28), 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.
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