ZTWO vs. JPST
Compare and contrast key facts about F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) and JPMorgan Ultra-Short Income ETF (JPST).
ZTWO and JPST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZTWO is a passively managed fund by F/m that tracks the performance of the ICE 2-Year US Target Maturity Corporate Index - Benchmark TR Gross. It was launched on Jan 10, 2024. JPST is an actively managed fund by JPMorgan. It was launched on May 17, 2017.
Performance
ZTWO vs. JPST - Performance Comparison
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ZTWO vs. JPST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 0.26% | 5.49% | 0.36% |
JPST JPMorgan Ultra-Short Income ETF | 0.71% | 4.99% | 0.21% |
Returns By Period
In the year-to-date period, ZTWO achieves a 0.26% return, which is significantly lower than JPST's 0.71% return.
ZTWO
- 1D
- 0.15%
- 1M
- -0.51%
- YTD
- 0.26%
- 6M
- 1.36%
- 1Y
- 4.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPST
- 1D
- 0.08%
- 1M
- 0.03%
- YTD
- 0.71%
- 6M
- 1.89%
- 1Y
- 4.41%
- 3Y*
- 5.12%
- 5Y*
- 3.50%
- 10Y*
- —
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ZTWO vs. JPST - Expense Ratio Comparison
ZTWO has a 0.15% 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%.
Return for Risk
ZTWO vs. JPST — Risk / Return Rank
ZTWO
JPST
ZTWO vs. JPST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) 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.
| ZTWO | JPST | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.77 | 7.27 | -4.50 |
Sortino ratioReturn per unit of downside risk | 4.33 | 13.92 | -9.59 |
Omega ratioGain probability vs. loss probability | 1.61 | 3.41 | -1.81 |
Calmar ratioReturn relative to maximum drawdown | 4.49 | 14.93 | -10.44 |
Martin ratioReturn relative to average drawdown | 20.51 | 94.51 | -74.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZTWO | JPST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 7.27 | -4.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 6.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.23 | 3.16 | +0.07 |
Correlation
The correlation between ZTWO and JPST is 0.61, 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.
Dividends
ZTWO vs. JPST - Dividend Comparison
ZTWO's dividend yield for the trailing twelve months is around 4.57%, more than JPST's 4.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 4.57% | 4.31% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPST JPMorgan Ultra-Short Income ETF | 4.36% | 4.43% | 5.16% | 4.79% | 1.83% | 0.73% | 1.43% | 2.69% | 2.07% | 0.96% |
Drawdowns
ZTWO vs. JPST - Drawdown Comparison
The maximum ZTWO drawdown since its inception was -0.93%, smaller than the maximum JPST drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for ZTWO and JPST.
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Drawdown Indicators
| ZTWO | JPST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.93% | -3.28% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -0.30% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.79% | — |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -0.08% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.05% | +0.15% |
Volatility
ZTWO vs. JPST - Volatility Comparison
F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) has a higher volatility of 0.61% compared to JPMorgan Ultra-Short Income ETF (JPST) at 0.22%. This indicates that ZTWO'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
| ZTWO | JPST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.22% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 0.35% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.54% | 0.61% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.50% | 0.57% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.50% | 0.94% | +0.56% |