STPZ vs. JPST
Compare and contrast key facts about PIMCO 1-5 Year US TIPS Index ETF (STPZ) and JPMorgan Ultra-Short Income ETF (JPST).
STPZ and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. STPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury (1-5 Y). It was launched on Aug 20, 2009. 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: STPZ or JPST.
Key characteristics
| STPZ | JPST | |
|---|---|---|
| YTD Return | 4.37% | 4.91% |
| 1Y Return | 6.53% | 6.19% |
| 3Y Return (Ann) | 1.34% | 3.69% |
| 5Y Return (Ann) | 3.15% | 2.75% |
| Sharpe Ratio | 2.53 | 11.73 |
| Sortino Ratio | 4.14 | 29.69 |
| Omega Ratio | 1.53 | 6.69 |
| Calmar Ratio | 1.72 | 62.59 |
| Martin Ratio | 17.52 | 366.04 |
| Ulcer Index | 0.35% | 0.02% |
| Daily Std Dev | 2.45% | 0.53% |
| Max Drawdown | -6.76% | -3.28% |
| Current Drawdown | -0.72% | 0.00% |
Correlation
The correlation between STPZ and JPST is 0.28, 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
STPZ vs. JPST - Performance Comparison
In the year-to-date period, STPZ achieves a 4.37% return, which is significantly lower than JPST's 4.91% 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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STPZ vs. JPST - Expense Ratio Comparison
STPZ has a 0.20% 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
STPZ vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO 1-5 Year US TIPS Index ETF (STPZ) 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
STPZ vs. JPST - Dividend Comparison
STPZ's dividend yield for the trailing twelve months is around 1.83%, less than JPST's 5.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STPZ PIMCO 1-5 Year US TIPS Index ETF | 1.83% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.39% | 1.51% | 0.65% | 0.49% | 0.86% | 0.09% |
JPST JPMorgan Ultra-Short Income ETF | 5.26% | 4.80% | 1.83% | 0.73% | 1.43% | 2.68% | 2.07% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
STPZ vs. JPST - Drawdown Comparison
The maximum STPZ drawdown since its inception was -6.76%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for STPZ and JPST. For additional features, visit the drawdowns tool.
Volatility
STPZ vs. JPST - Volatility Comparison
PIMCO 1-5 Year US TIPS Index ETF (STPZ) has a higher volatility of 0.54% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that STPZ'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.