SCHJ vs. JPST
Compare and contrast key facts about Schwab 1-5 Year Corporate Bond ETF (SCHJ) and JPMorgan Ultra-Short Income ETF (JPST).
SCHJ and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHJ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Corporate (1-5 Y). It was launched on Oct 10, 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: SCHJ or JPST.
Key characteristics
| SCHJ | JPST | |
|---|---|---|
| YTD Return | 0.84% | 2.07% |
| 1Y Return | 4.92% | 5.60% |
| 3Y Return (Ann) | 0.17% | 2.76% |
| Sharpe Ratio | 1.63 | 10.41 |
| Daily Std Dev | 2.94% | 0.53% |
| Max Drawdown | -13.62% | -3.28% |
| Current Drawdown | -0.12% | 0.00% |
Correlation
The correlation between SCHJ and JPST is 0.44, 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
SCHJ vs. JPST - Performance Comparison
In the year-to-date period, SCHJ achieves a 0.84% return, which is significantly lower than JPST's 2.07% 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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SCHJ vs. JPST - Expense Ratio Comparison
SCHJ has a 0.05% expense ratio, which is lower than JPST's 0.18% expense ratio. Despite the difference, 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
SCHJ vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) 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
SCHJ vs. JPST - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 3.36%, less than JPST's 5.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 3.36% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Drawdowns
SCHJ vs. JPST - Drawdown Comparison
The maximum SCHJ drawdown since its inception was -13.62%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for SCHJ and JPST. For additional features, visit the drawdowns tool.
Volatility
SCHJ vs. JPST - Volatility Comparison
Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a higher volatility of 0.61% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.11%. This indicates that SCHJ'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.