TAGG vs. JPST
Compare and contrast key facts about T. Rowe Price QM U.S. Bond ETF (TAGG) and JPMorgan Ultra-Short Income ETF (JPST).
TAGG and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TAGG is an actively managed fund by T. Rowe Price. It was launched on Sep 28, 2021. 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: TAGG or JPST.
Key characteristics
| TAGG | JPST | |
|---|---|---|
| YTD Return | 5.41% | 4.39% |
| 1Y Return | 11.03% | 6.47% |
| Sharpe Ratio | 1.54 | 12.48 |
| Daily Std Dev | 6.84% | 0.52% |
| Max Drawdown | -17.27% | -3.28% |
| Current Drawdown | -3.38% | -0.06% |
Correlation
The correlation between TAGG and JPST is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TAGG vs. JPST - Performance Comparison
In the year-to-date period, TAGG achieves a 5.41% return, which is significantly higher than JPST's 4.39% 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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TAGG vs. JPST - Expense Ratio Comparison
TAGG has a 0.08% 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
TAGG vs. JPST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM U.S. Bond ETF (TAGG) 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
TAGG vs. JPST - Dividend Comparison
TAGG's dividend yield for the trailing twelve months is around 4.12%, less than JPST's 5.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TAGG T. Rowe Price QM U.S. Bond ETF | 4.12% | 3.48% | 3.67% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 5.27% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Drawdowns
TAGG vs. JPST - Drawdown Comparison
The maximum TAGG drawdown since its inception was -17.27%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for TAGG and JPST. For additional features, visit the drawdowns tool.
Volatility
TAGG vs. JPST - Volatility Comparison
T. Rowe Price QM U.S. Bond ETF (TAGG) has a higher volatility of 1.26% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.18%. This indicates that TAGG'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.