TPIF vs. JPST

Last updated Jun 24, 2026

TPIF (Timothy Plan International ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - TPIF is a Foreign Large Cap Equities fund tracking the Victory International Volatility Weighted BRI Index, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. TPIF is passively managed, while JPST is actively managed. Over the past 5 years, TPIF returned 7.52%/yr vs 3.65%/yr for JPST. At a 0.15 correlation, their price movements are largely independent. TPIF charges 0.62%/yr vs 0.18%/yr for JPST.

Performance

TPIF vs. JPST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Timothy Plan International ETF (TPIF) and JPMorgan Ultra-Short Income ETF (JPST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPIF achieves a 8.10% return, which is significantly higher than JPST's 1.56% return.

TPIF

• 1D: -2.07%
• 1M: -1.36%
• YTD: 8.10%
• 6M: 7.68%
• 1Y: 20.07%
• 3Y*: 17.62%
• 5Y*: 7.52%
• 10Y*: —

JPST

• 1D: 0.08%
• 1M: 0.31%
• YTD: 1.56%
• 6M: 1.70%
• 1Y: 4.17%
• 3Y*: 5.16%
• 5Y*: 3.65%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TPIF vs. JPST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TPIF Timothy Plan International ETF	8.10%	34.34%	3.49%	16.64%	-18.07%	10.42%	7.21%	4.13%
JPST JPMorgan Ultra-Short Income ETF	1.56%	4.99%	5.58%	5.13%	1.14%	0.11%	2.18%	0.21%

Correlation

The correlation between TPIF and JPST is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019	0.15

The correlation between TPIF and JPST shifts across timeframes, from 0.15 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TPIF vs. JPST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TPIF

TPIF Risk / Return Rank: 43
TPIF Sharpe Ratio Rank: 43
TPIF Sortino Ratio Rank: 41
TPIF Omega Ratio Rank: 43
TPIF Calmar Ratio Rank: 42
TPIF Martin Ratio Rank: 48

JPST

JPST Risk / Return Rank: 99
JPST Sharpe Ratio Rank: 99
JPST Sortino Ratio Rank: 99
JPST Omega Ratio Rank: 99
JPST Calmar Ratio Rank: 99
JPST Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TPIF vs. JPST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Timothy Plan International ETF (TPIF) 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.

	TPIF	JPST	Difference
Sharpe ratio: Return per unit of total volatility	1.41	7.67	-6.26
Sortino ratio: Return per unit of downside risk	1.98	16.22	-14.24
Omega ratio: Gain probability vs. loss probability	1.26	3.66	-2.40
Calmar ratio: Return relative to maximum drawdown	1.98	28.19	-26.21
Martin ratio: Return relative to average drawdown	7.60	134.29	-126.69

TPIF vs. JPST - Sharpe Ratio Comparison

The current TPIF Sharpe Ratio is 1.41, which is lower than the JPST Sharpe Ratio of 7.67. The chart below compares the historical Sharpe Ratios of TPIF and JPST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPIF vs. JPST - Drawdown Comparison

The maximum TPIF drawdown since its inception was -34.02%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for TPIF and JPST.

Drawdown Indicators

	TPIF	JPST	Difference
Max Drawdown Largest peak-to-trough decline	-34.02%	-3.28%	-30.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.19%	-0.15%	-10.04%
Max Drawdown (3Y) Largest decline over 3 years	-12.64%	-0.30%	-12.34%
Max Drawdown (5Y) Largest decline over 5 years	-32.11%	-0.79%	-31.32%
Current Drawdown Current decline from peak	-3.19%	0.00%	-3.19%
Average Drawdown Average peak-to-trough decline	-7.91%	-0.08%	-7.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	0.03%	+2.62%

Volatility

TPIF vs. JPST - Volatility Comparison

Timothy Plan International ETF (TPIF) has a higher volatility of 5.09% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.19%. This indicates that TPIF'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.

Volatility by Period

	TPIF	JPST	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.09%	0.19%	+4.90%
Volatility (6M) Calculated over the trailing 6-month period	12.33%	0.38%	+11.95%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	0.55%	+13.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.77%	0.58%	+15.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	0.93%	+17.37%

TPIF vs. JPST - Expense Ratio Comparison

TPIF has a 0.62% expense ratio, which is higher than JPST's 0.18% expense ratio.

Dividends

TPIF vs. JPST - Dividend Comparison

TPIF's dividend yield for the trailing twelve months is around 2.73%, less than JPST's 4.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPST JPMorgan Ultra-Short Income ETF	4.25%	4.43%	5.16%	4.79%	1.83%	0.73%	1.43%	2.69%	2.07%	0.96%
TPIF Timothy Plan International ETF	2.73%	2.65%	2.98%	2.40%	2.58%	2.38%	1.72%	0.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TPIF and JPST in my portfolio?

TPIF and JPST have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPIF or JPST?

TPIF has higher volatility (5.09%) compared to JPST (0.19%). In terms of maximum drawdown, TPIF dropped -34.02% vs JPST's -3.28%.

Which ETF is better, TPIF or JPST?

On 5-year performance, TPIF leads with 7.52% vs 3.65% for JPST. On fees, JPST is cheaper at 0.18% per year. On volatility, JPST has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TPIF or JPST?

Over the 5-year period, TPIF has performed better with a 7.52% return vs 3.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TPIF or JPST?

JPST is cheaper with a 0.18% expense ratio, compared with 0.62% for TPIF.

Which ETF pays a higher dividend yield, TPIF or JPST?

JPST has the higher dividend yield at 4.25%, compared with 2.73% for TPIF.

What is the main difference between TPIF and JPST?

TPIF is categorized as Foreign Large Cap Equities, while JPST is Ultrashort Bond. They also come from different issuers: Timothy Plan and JPMorgan. Their fees differ too: 0.62% for TPIF and 0.18% for JPST.

Which has better risk-adjusted returns?

JPST currently has the higher Sharpe Ratio (7.67 vs 1.41), 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.