TDTT vs. JPST
TDTT (FlexShares iBoxx 3-Year Target Duration TIPS Index Fund) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - TDTT is a Inflation-Protected Bonds fund tracking the iBoxx 3-Year Target Duration TIPS, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. TDTT is passively managed, while JPST is actively managed. Over the past 5 years, TDTT returned 2.85%/yr vs 3.61%/yr for JPST. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
TDTT vs. JPST - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TDTT achieves a 1.81% return, which is significantly higher than JPST's 1.40% return.
TDTT
- 1D
- 0.00%
- 1M
- -0.06%
- YTD
- 1.81%
- 6M
- 1.77%
- 1Y
- 4.65%
- 3Y*
- 5.00%
- 5Y*
- 2.85%
- 10Y*
- 3.11%
JPST
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.40%
- 6M
- 1.74%
- 1Y
- 4.31%
- 3Y*
- 5.16%
- 5Y*
- 3.61%
- 10Y*
- —
TDTT vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 1.81% | 6.67% | 3.96% | 4.40% | -4.58% | 5.49% | 6.84% | 5.74% | 0.25% | -0.23% |
JPST JPMorgan Ultra-Short Income ETF | 1.40% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 1.00% |
Correlation
The correlation between TDTT 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 | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 22, 2017 | 0.31 |
The correlation between TDTT and JPST shifts across timeframes, from 0.31 (all time) to 0.53 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TDTT vs. JPST — Risk / Return Rank
TDTT
JPST
TDTT vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) 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.
| TDTT | JPST | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.54 | 8.09 | -5.55 |
Sortino ratioReturn per unit of downside risk | 4.20 | 17.60 | -13.40 |
Omega ratioGain probability vs. loss probability | 1.51 | 3.94 | -2.43 |
Calmar ratioReturn relative to maximum drawdown | 5.17 | 29.16 | -23.99 |
Martin ratioReturn relative to average drawdown | 16.59 | 144.13 | -127.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TDTT | JPST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 8.09 | -5.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 6.32 | -5.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 3.20 | -2.51 |
Drawdowns
TDTT vs. JPST - Drawdown Comparison
The maximum TDTT drawdown since its inception was -6.97%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for TDTT and JPST.
Loading charts...
Drawdown Indicators
| TDTT | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.97% | -3.28% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -0.15% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -1.53% | -0.30% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -6.97% | -0.79% | -6.18% |
Max Drawdown (10Y)Largest decline over 10 years | -6.97% | — | — |
Current DrawdownCurrent decline from peak | -0.14% | -0.02% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -0.08% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.03% | +0.25% |
Volatility
TDTT vs. JPST - Volatility Comparison
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) has a higher volatility of 0.46% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.15%. This indicates that TDTT'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.
Loading charts...
Volatility by Period
| TDTT | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.15% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 0.36% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 0.54% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 0.58% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.38% | 0.93% | +2.45% |
TDTT vs. JPST - Expense Ratio Comparison
Both TDTT and JPST have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TDTT vs. JPST - Dividend Comparison
TDTT's dividend yield for the trailing twelve months is around 4.54%, more than JPST's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 4.54% | 4.52% | 4.01% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% |
Frequently Asked Questions
TDTT 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.
TDTT has higher volatility (0.46%) compared to JPST (0.15%). In terms of maximum drawdown, TDTT dropped -6.97% vs JPST's -3.28%.
On 5-year performance, JPST leads with 3.61% vs 2.85% for TDTT. Both ETFs have the same 0.18% expense ratio. On volatility, JPST has been the lower-risk option at 0.15%. 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 3.61% return vs 2.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTT and JPST have the same expense ratio: 0.18% per year.
TDTT has the higher dividend yield at 4.54%, compared with 4.26% for JPST.
TDTT is categorized as Inflation-Protected Bonds, while JPST is Ultrashort Bond. They also come from different issuers: Northern Trust and JPMorgan.
JPST currently has the higher Sharpe Ratio (8.09 vs 2.54), 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.
Find the right allocation for TDTT and JPST
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer