STPZ vs. JPST
STPZ (PIMCO 1-5 Year US TIPS Index ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - STPZ is a Inflation-Protected Bonds fund tracking the ICE BofA US Inflation-Linked Treasury (1-5 Y), while JPST is a Ultrashort Bond fund actively managed by JPMorgan. STPZ is passively managed, while JPST is actively managed. Over the past 5 years, STPZ returned 2.80%/yr vs 3.63%/yr for JPST. At a 0.32 correlation, their price movements are largely independent. STPZ charges 0.20%/yr vs 0.18%/yr for JPST.
Performance
STPZ vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, STPZ achieves a 0.96% return, which is significantly lower than JPST's 1.48% return.
STPZ
- 1D
- -0.23%
- 1M
- -0.42%
- YTD
- 0.96%
- 6M
- 1.11%
- 1Y
- 3.28%
- 3Y*
- 4.79%
- 5Y*
- 2.80%
- 10Y*
- 2.77%
JPST
- 1D
- -0.04%
- 1M
- 0.24%
- YTD
- 1.48%
- 6M
- 1.62%
- 1Y
- 4.15%
- 3Y*
- 5.13%
- 5Y*
- 3.63%
- 10Y*
- —
STPZ vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STPZ PIMCO 1-5 Year US TIPS Index ETF | 0.96% | 6.40% | 4.30% | 4.28% | -4.49% | 5.64% | 5.44% | 4.83% | 0.04% | 0.03% |
JPST JPMorgan Ultra-Short Income ETF | 1.48% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
Correlation
The correlation between STPZ and JPST is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.32 |
The correlation between STPZ and JPST shifts across timeframes, from 0.32 (all time) to 0.55 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
STPZ vs. JPST — Risk / Return Rank
STPZ
JPST
STPZ vs. JPST - Risk-Adjusted Trends 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.
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.
| STPZ | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.97 | ||
| Sortino ratioReturn per unit of downside risk | -13.66 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 3.65 | -2.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 28.05 | -24.51 |
| Martin ratioReturn relative to average drawdown | 11.04 | 133.62 | -122.59 |
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Drawdowns
STPZ vs. JPST - Drawdown Comparison
The maximum STPZ drawdown since its inception was -6.77%, 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.
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Drawdown Indicators
| STPZ | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.77% | -3.28% | -3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -0.15% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | -0.30% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -6.70% | -0.79% | -5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -6.77% | — | — |
Current DrawdownCurrent decline from peak | -0.93% | -0.08% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -0.08% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.03% | +0.27% |
Volatility
STPZ vs. JPST - Volatility Comparison
PIMCO 1-5 Year US TIPS Index ETF (STPZ) has a higher volatility of 0.82% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.18%. 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.
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Volatility by Period
| STPZ | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.18% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 1.39% | 0.38% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.95% | 0.54% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.29% | 0.58% | +2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.99% | 0.93% | +2.06% |
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%.
Dividends
STPZ vs. JPST - Dividend Comparison
STPZ's dividend yield for the trailing twelve months is around 4.14%, less than JPST's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPST JPMorgan Ultra-Short Income ETF | 4.26% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% | 0.00% | 0.00% |
STPZ PIMCO 1-5 Year US TIPS Index ETF | 4.14% | 3.65% | 1.97% | 1.63% | 5.88% | 3.65% | 1.86% | 1.76% | 2.23% | 1.51% | 0.65% | 0.49% |
Frequently Asked Questions
STPZ and JPST have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STPZ has higher volatility (0.82%) compared to JPST (0.18%). In terms of maximum drawdown, STPZ dropped -6.77% vs JPST's -3.28%.
On 5-year performance, JPST leads with 3.63% vs 2.80% for STPZ. On fees, JPST is cheaper at 0.18% per year. On volatility, JPST has been the lower-risk option at 0.18%. 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 3.63% return vs 2.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPST is cheaper with a 0.18% expense ratio, compared with 0.20% for STPZ.
JPST has the higher dividend yield at 4.26%, compared with 4.14% for STPZ.
STPZ is categorized as Inflation-Protected Bonds, while JPST is Ultrashort Bond. They also come from different issuers: PIMCO and JPMorgan. Their fees differ too: 0.20% for STPZ and 0.18% for JPST.
JPST currently has the higher Sharpe Ratio (7.66 vs 1.69), 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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