SMLV vs. JPST
Compare and contrast key facts about SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and JPMorgan Ultra-Short Income ETF (JPST).
SMLV and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLV is a passively managed fund by State Street that tracks the performance of the SSGA US Small Cap Low Volatility Index. It was launched on Feb 20, 2013. 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: SMLV or JPST.
Key characteristics
| SMLV | JPST | |
|---|---|---|
| YTD Return | 15.39% | 4.45% |
| 1Y Return | 30.08% | 6.56% |
| 3Y Return (Ann) | 7.86% | 3.50% |
| 5Y Return (Ann) | 8.76% | 2.74% |
| Sharpe Ratio | 1.54 | 12.49 |
| Daily Std Dev | 19.17% | 0.52% |
| Max Drawdown | -42.45% | -3.28% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SMLV 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
SMLV vs. JPST - Performance Comparison
In the year-to-date period, SMLV achieves a 15.39% return, which is significantly higher than JPST's 4.45% 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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SMLV vs. JPST - Expense Ratio Comparison
SMLV has a 0.12% 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
SMLV vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) 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
SMLV vs. JPST - Dividend Comparison
SMLV's dividend yield for the trailing twelve months is around 1.81%, less than JPST's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 1.81% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% | 3.68% |
JPST JPMorgan Ultra-Short Income ETF | 5.26% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMLV vs. JPST - Drawdown Comparison
The maximum SMLV drawdown since its inception was -42.45%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for SMLV and JPST. For additional features, visit the drawdowns tool.
Volatility
SMLV vs. JPST - Volatility Comparison
SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) has a higher volatility of 5.19% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.19%. This indicates that SMLV'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.