SCHJ vs. JPST
SCHJ (Schwab 1-5 Year Corporate Bond ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - SCHJ is a Short-Term Bond fund tracking the Bloomberg US 1-5 Year Corporate Bond Index, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. SCHJ is passively managed, while JPST is actively managed. Over the past 5 years, SCHJ returned 2.31%/yr vs 3.71%/yr for JPST. Their 0.49 correlation means their historical movements had little consistent relationship. SCHJ charges 0.03%/yr vs 0.18%/yr for JPST.
Performance
SCHJ vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, SCHJ achieves a 0.75% return, which is significantly lower than JPST's 1.95% return.
SCHJ
- 1D
- -0.06%
- 1M
- -0.28%
- 6M
- 0.42%
- YTD
- 0.75%
- 1Y
- 2.99%
- 3Y*
- 5.46%
- 5Y*
- 2.31%
- 10Y*
- —
- ALL TIME*
- 2.60%
JPST
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 1.57%
- YTD
- 1.95%
- 1Y
- 3.90%
- 3Y*
- 5.09%
- 5Y*
- 3.71%
- 10Y*
- —
- ALL TIME*
- 2.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $275.20M | $274.89M | $316.70M | |
| $5.98M | $7.81M | $6.46M |
SCHJ vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.75% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
JPST JPMorgan Ultra-Short Income ETF | 1.95% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 0.54% |
Correlation
The correlation between SCHJ and JPST is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2019 | 0.50 |
The correlation between SCHJ and JPST shifts across timeframes, from 0.49 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHJ vs. JPST — Risk / Return Rank
SCHJ
JPST
SCHJ vs. JPST - Risk-Adjusted Trends 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.
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.
| SCHJ | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.70 | ||
| Sortino ratioReturn per unit of downside risk | -13.30 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 3.60 | -2.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 27.70 | -25.27 |
| Martin ratioReturn relative to average drawdown | 9.17 | 131.07 | -121.91 |
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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.
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Drawdown Indicators
| SCHJ | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.62% | -3.28% | -10.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -0.15% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -0.30% | -1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -9.38% | -0.79% | -8.59% |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -0.08% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.03% | +0.36% |
Volatility
SCHJ vs. JPST - Volatility Comparison
Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a higher volatility of 0.53% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.13%. 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.
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Volatility by Period
| SCHJ | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.13% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 0.39% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.93% | 0.55% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 0.58% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.10% | 0.93% | +3.17% |
SCHJ vs. JPST - Expense Ratio Comparison
SCHJ has a 0.03% 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%.
Dividends
SCHJ vs. JPST - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 4.50%, more than JPST's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 3.85% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.09% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% |
Frequently Asked Questions
SCHJ and JPST have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHJ has higher volatility (0.53%) compared to JPST (0.13%). In terms of maximum drawdown, SCHJ dropped -13.62% vs JPST's -3.28%.
On 5-year performance, JPST leads with 3.71% vs 2.31% for SCHJ. On fees, SCHJ is cheaper at 0.03% per year. On volatility, JPST has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JPST has performed better with a 3.71% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHJ is cheaper with a 0.03% expense ratio, compared with 0.18% for JPST.
SCHJ has the higher dividend yield at 4.09%, compared with 3.85% for JPST.
SCHJ is categorized as Short-Term Bond, while JPST is Ultrashort Bond. They also come from different issuers: Charles Schwab and JPMorgan. Their fees differ too: 0.03% for SCHJ and 0.18% for JPST.
JPST currently has the higher Sharpe Ratio (7.56 vs 1.86), 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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