QLV vs. JPST
Compare and contrast key facts about FlexShares US Quality Low Volatility Index Fund (QLV) and JPMorgan Ultra-Short Income ETF (JPST).
QLV and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLV is a passively managed fund by Northern Trust that tracks the performance of the Northern Trust Quality Low Volatility Index. It was launched on Jul 15, 2019. 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: QLV or JPST.
Key characteristics
| QLV | JPST | |
|---|---|---|
| YTD Return | 5.27% | 1.81% |
| 1Y Return | 15.34% | 5.40% |
| 3Y Return (Ann) | 7.73% | 2.68% |
| Sharpe Ratio | 1.68 | 9.95 |
| Daily Std Dev | 8.96% | 0.55% |
| Max Drawdown | -33.71% | -3.28% |
| Current Drawdown | -3.22% | 0.00% |
Correlation
The correlation between QLV and JPST is 0.07, 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
QLV vs. JPST - Performance Comparison
In the year-to-date period, QLV achieves a 5.27% return, which is significantly higher than JPST's 1.81% 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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QLV vs. JPST - Expense Ratio Comparison
QLV has a 0.22% 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
QLV vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares US Quality Low Volatility Index Fund (QLV) 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
QLV vs. JPST - Dividend Comparison
QLV's dividend yield for the trailing twelve months is around 1.57%, less than JPST's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
QLV FlexShares US Quality Low Volatility Index Fund | 1.57% | 1.60% | 1.74% | 0.96% | 1.24% | 0.58% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 5.17% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Drawdowns
QLV vs. JPST - Drawdown Comparison
The maximum QLV drawdown since its inception was -33.71%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for QLV and JPST. For additional features, visit the drawdowns tool.
Volatility
QLV vs. JPST - Volatility Comparison
FlexShares US Quality Low Volatility Index Fund (QLV) has a higher volatility of 2.49% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.14%. This indicates that QLV'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.