PRF vs. JPST
PRF (Invesco RAFI US 1000 ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - PRF is a Large Cap Value Equities fund tracking the RAFI Fundamental Select US 1000 Index, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. PRF is passively managed, while JPST is actively managed. Over the past 5 years, PRF returned 13.06%/yr vs 3.64%/yr for JPST. At a 0.05 correlation, their price movements are largely independent. PRF charges 0.34%/yr vs 0.18%/yr for JPST.
Performance
PRF vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, PRF achieves a 16.44% return, which is significantly higher than JPST's 1.56% return.
PRF
- 1D
- 0.68%
- 1M
- 4.19%
- YTD
- 16.44%
- 6M
- 16.00%
- 1Y
- 34.32%
- 3Y*
- 20.74%
- 5Y*
- 13.06%
- 10Y*
- 13.94%
JPST
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.56%
- 6M
- 1.76%
- 1Y
- 4.34%
- 3Y*
- 5.19%
- 5Y*
- 3.64%
- 10Y*
- —
PRF vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRF Invesco RAFI US 1000 ETF | 16.44% | 18.33% | 16.73% | 15.72% | -7.79% | 31.12% | 7.78% | 27.42% | -8.71% | 14.19% |
JPST JPMorgan Ultra-Short Income ETF | 1.56% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
Correlation
The correlation between PRF and JPST is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.05 |
Over the past year, PRF and JPST have become more correlated (0.26) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
PRF vs. JPST — Risk / Return Rank
PRF
JPST
PRF vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI US 1000 ETF (PRF) 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.
| PRF | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.02 | ||
| Sortino ratioReturn per unit of downside risk | -13.65 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 4.00 | -2.42 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 29.30 | -24.07 |
| Martin ratioReturn relative to average drawdown | 21.40 | 143.82 | -122.42 |
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Drawdowns
PRF vs. JPST - Drawdown Comparison
The maximum PRF drawdown since its inception was -60.35%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for PRF and JPST.
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Drawdown Indicators
| PRF | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.35% | -3.28% | -57.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -0.15% | -6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -0.30% | -15.52% |
Max Drawdown (5Y)Largest decline over 5 years | -19.72% | -0.79% | -18.93% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -0.08% | -6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.03% | +1.58% |
Volatility
PRF vs. JPST - Volatility Comparison
Invesco RAFI US 1000 ETF (PRF) has a higher volatility of 3.64% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. This indicates that PRF'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
| PRF | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 0.16% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 0.36% | +7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.93% | 0.53% | +10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.24% | 0.58% | +14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 0.93% | +16.76% |
PRF vs. JPST - Expense Ratio Comparison
PRF has a 0.34% expense ratio, which is higher than JPST's 0.18% expense ratio.
Dividends
PRF vs. JPST - Dividend Comparison
PRF's dividend yield for the trailing twelve months is around 1.36%, less than JPST's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 4.25% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
PRF Invesco RAFI US 1000 ETF | 1.36% | 1.59% | 1.78% | 1.84% | 2.01% | 1.58% | 1.97% | 1.99% | 2.25% | 1.58% | 2.17% | 2.25% |
Frequently Asked Questions
PRF and JPST have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRF has higher volatility (3.64%) compared to JPST (0.16%). In terms of maximum drawdown, PRF dropped -60.35% vs JPST's -3.28%.
On 5-year performance, PRF leads with 13.06% vs 3.64% for JPST. On fees, JPST is cheaper at 0.18% per year. On volatility, JPST has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PRF has performed better with a 13.06% return vs 3.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPST is cheaper with a 0.18% expense ratio, compared with 0.34% for PRF.
JPST has the higher dividend yield at 4.25%, compared with 1.36% for PRF.
PRF is categorized as Large Cap Value Equities, while JPST is Ultrashort Bond. They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.34% for PRF and 0.18% for JPST.
JPST currently has the higher Sharpe Ratio (8.18 vs 3.16), 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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