VTV vs. JPST
VTV (Vanguard Value ETF) and JPST (JPMorgan Ultra-Short Income ETF) are both exchange-traded funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while JPST is a Ultrashort Bond fund actively managed by JPMorgan. VTV is passively managed, while JPST is actively managed. Over the past 5 years, VTV returned 12.12%/yr vs 3.64%/yr for JPST. At a 0.05 correlation, their price movements are largely independent. VTV charges 0.04%/yr vs 0.18%/yr for JPST.
Performance
VTV vs. JPST - Performance Comparison
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Returns By Period
In the year-to-date period, VTV achieves a 14.90% return, which is significantly higher than JPST's 1.56% return.
VTV
- 1D
- 0.53%
- 1M
- 5.60%
- YTD
- 14.90%
- 6M
- 14.16%
- 1Y
- 28.57%
- 3Y*
- 18.04%
- 5Y*
- 12.12%
- 10Y*
- 12.81%
JPST
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.56%
- 6M
- 1.76%
- 1Y
- 4.34%
- 3Y*
- 5.19%
- 5Y*
- 3.64%
- 10Y*
- —
VTV vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 14.90% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 15.39% |
JPST JPMorgan Ultra-Short Income ETF | 1.56% | 4.99% | 5.58% | 5.13% | 1.14% | 0.11% | 2.18% | 3.34% | 2.23% | 0.98% |
Correlation
The correlation between VTV and JPST is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.05 |
Over the past year, VTV and JPST have become more correlated (0.26) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
VTV vs. JPST — Risk / Return Rank
VTV
JPST
VTV vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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.
| VTV | JPST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.40 | ||
| Sortino ratioReturn per unit of downside risk | -14.05 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 4.00 | -2.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 29.30 | -24.78 |
| Martin ratioReturn relative to average drawdown | 17.04 | 143.82 | -126.78 |
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Drawdowns
VTV vs. JPST - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, which is greater than JPST's maximum drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for VTV and JPST.
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Drawdown Indicators
| VTV | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -3.28% | -55.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -0.15% | -6.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | -0.30% | -14.22% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -0.79% | -16.25% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -0.08% | -7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.03% | +1.65% |
Volatility
VTV vs. JPST - Volatility Comparison
Vanguard Value ETF (VTV) has a higher volatility of 3.35% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.16%. This indicates that VTV'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
| VTV | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 0.16% | +3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 0.36% | +7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.36% | 0.53% | +9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.93% | 0.58% | +13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.69% | 0.93% | +15.76% |
VTV vs. JPST - Expense Ratio Comparison
VTV has a 0.04% 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%.
Dividends
VTV vs. JPST - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 1.82%, less than JPST's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VTV Vanguard Value ETF | 1.82% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
VTV and JPST have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTV has higher volatility (3.35%) compared to JPST (0.16%). In terms of maximum drawdown, VTV dropped -59.27% vs JPST's -3.28%.
On 5-year performance, VTV leads with 12.12% vs 3.64% for JPST. On fees, VTV is cheaper at 0.04% per year. On volatility, JPST has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VTV has performed better with a 12.12% return vs 3.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTV is cheaper with a 0.04% expense ratio, compared with 0.18% for JPST.
JPST has the higher dividend yield at 4.25%, compared with 1.82% for VTV.
VTV is categorized as Large Cap Value Equities, while JPST is Ultrashort Bond. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.04% for VTV and 0.18% for JPST.
JPST currently has the higher Sharpe Ratio (8.18 vs 2.78), 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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