OXLC vs. JPST
Compare and contrast key facts about Oxford Lane Capital Corp. (OXLC) and JPMorgan Ultra-Short Income ETF (JPST).
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: OXLC or JPST.
Key characteristics
| OXLC | JPST | |
|---|---|---|
| YTD Return | 29.42% | 4.91% |
| 1Y Return | 31.50% | 6.19% |
| 3Y Return (Ann) | 3.45% | 3.69% |
| 5Y Return (Ann) | 6.54% | 2.75% |
| Sharpe Ratio | 2.09 | 11.73 |
| Sortino Ratio | 2.83 | 29.69 |
| Omega Ratio | 1.40 | 6.69 |
| Calmar Ratio | 1.39 | 62.59 |
| Martin Ratio | 11.13 | 366.04 |
| Ulcer Index | 2.78% | 0.02% |
| Daily Std Dev | 14.81% | 0.53% |
| Max Drawdown | -74.58% | -3.28% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OXLC and JPST is 0.02, 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
OXLC vs. JPST - Performance Comparison
In the year-to-date period, OXLC achieves a 29.42% return, which is significantly higher 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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Risk-Adjusted Performance
OXLC vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLC) 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
OXLC vs. JPST - Dividend Comparison
OXLC's dividend yield for the trailing twelve months is around 18.35%, more than JPST's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 18.35% | 18.83% | 17.75% | 10.58% | 22.51% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% | 16.72% | 12.69% |
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
OXLC vs. JPST - Drawdown Comparison
The maximum OXLC drawdown since its inception was -74.58%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for OXLC and JPST. For additional features, visit the drawdowns tool.
Volatility
OXLC vs. JPST - Volatility Comparison
Oxford Lane Capital Corp. (OXLC) has a higher volatility of 2.48% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that OXLC'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.