SPTI vs. JPST
Compare and contrast key facts about SPDR Portfolio Intermediate Term Treasury ETF (SPTI) and JPMorgan Ultra-Short Income ETF (JPST).
SPTI and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPTI is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 3-10 Year Treasury Bond Index. It was launched on May 23, 2007. JPST is an actively managed fund by JPMorgan. It was launched on May 17, 2017.
Performance
SPTI vs. JPST - Performance Comparison
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SPTI vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPTI SPDR Portfolio Intermediate Term Treasury ETF | -0.01% | 7.46% | 1.32% | 4.24% | -10.65% | -2.55% | 7.70% | 6.01% | 2.27% | -0.30% |
JPST JPMorgan Ultra-Short Income ETF | 0.71% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 1.00% |
Returns By Period
In the year-to-date period, SPTI achieves a -0.01% return, which is significantly lower than JPST's 0.71% return.
SPTI
- 1D
- 0.17%
- 1M
- -1.63%
- YTD
- -0.01%
- 6M
- 1.04%
- 1Y
- 4.15%
- 3Y*
- 3.32%
- 5Y*
- 0.32%
- 10Y*
- 1.41%
JPST
- 1D
- 0.08%
- 1M
- 0.03%
- YTD
- 0.71%
- 6M
- 1.89%
- 1Y
- 4.41%
- 3Y*
- 5.12%
- 5Y*
- 3.50%
- 10Y*
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SPTI vs. JPST - Expense Ratio Comparison
SPTI has a 0.06% 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%.
Return for Risk
SPTI vs. JPST — Risk / Return Rank
SPTI
JPST
SPTI vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Intermediate Term Treasury ETF (SPTI) 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.
| SPTI | JPST | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 7.27 | -6.19 |
Sortino ratioReturn per unit of downside risk | 1.62 | 13.92 | -12.30 |
Omega ratioGain probability vs. loss probability | 1.19 | 3.41 | -2.22 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 14.93 | -13.10 |
Martin ratioReturn relative to average drawdown | 5.63 | 94.51 | -88.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPTI | JPST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 7.27 | -6.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 6.16 | -6.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 3.16 | -2.60 |
Correlation
The correlation between SPTI and JPST is 0.39, 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.
Dividends
SPTI vs. JPST - Dividend Comparison
SPTI's dividend yield for the trailing twelve months is around 3.81%, less than JPST's 4.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPTI SPDR Portfolio Intermediate Term Treasury ETF | 3.48% | 3.79% | 3.77% | 2.99% | 1.45% | 0.53% | 0.75% | 2.02% | 1.97% | 1.46% | 1.23% | 1.18% |
JPST JPMorgan Ultra-Short Income ETF | 3.98% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
Drawdowns
SPTI vs. JPST - Drawdown Comparison
The maximum SPTI drawdown since its inception was -16.12%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for SPTI and JPST.
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Drawdown Indicators
| SPTI | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.12% | -3.28% | -12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -0.30% | -2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -0.79% | -14.27% |
Max Drawdown (10Y)Largest decline over 10 years | -16.12% | — | — |
Current DrawdownCurrent decline from peak | -2.00% | 0.00% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -0.08% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.05% | +0.73% |
Volatility
SPTI vs. JPST - Volatility Comparison
SPDR Portfolio Intermediate Term Treasury ETF (SPTI) has a higher volatility of 1.35% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.22%. This indicates that SPTI'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
| SPTI | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.35% | 0.22% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 0.35% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 0.61% | +3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 0.57% | +4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.36% | 0.94% | +3.42% |