JPIE vs JPST: Performance, Holdings, Fees & Risk
JPIE and JPST are ETFs, but they can differ materially in exposure, yield, fees and risk. JPIE is JPMorgan Income ETF, while JPST is JPMorgan Ultra-Short Income ETF. JPIE is broader by holdings count, with 2,747 positions versus 797 for JPST. JPIE is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has JPST ahead on AIQ Score, 52 versus 51.
What is the main difference between JPIE and JPST?
JPIE holds 2,747 positions to JPST's 797, and 0% of their weight is in the same securities.
| Metric | JPIE | JPST |
|---|---|---|
| Fund | ||
| Expense ratio | 0.4% | 0.18% |
| Holdings | 2,747 | 797 |
| Top-10 concentration | 21.4% | 14.1% |
| Distribution yieldTrailing 12 months | 5.7% | 4.14% |
| Average volume | 1,657,244 | 6,857,471 |
| Performance | ||
| 1Y return | -3.1% | -0.7% |
| YTD return | -3% | -0.5% |
| 5Y annualized returnTotal return, distributions reinvested | +3.1% | +3.9% |
| Risk | ||
| Annualized volatility | 2.4% | 1.3% |
| Max drawdown (1Y) | -4% | -1.1% |
| Max drawdown (5Y)Total return, distributions reinvested | -10% | -0.6% |
| Beta | 0.07 | 0.01 |
| Sharpe ratio | -2.95 | -3.58 |
| Sortino ratio | -3.17 | -2.91 |
| AlgovestIQ | ||
| AIQ Score | 51/100 | 52/100 |
| AIQ Edge Score | 4/10 | 4/10 |
| Momentum | 44/100 | 39/100 |
| Risk Resilience | 77/100 | 67/100 |
AlgovestIQ AIQ Comparison
JPMorgan Income ETF vs JPMorgan Ultra-Short Income ETF
JPST leads
JPST leads by 1 AIQ points, primarily on Quality, but the lead has narrowed from 5 points over 30 sessions.
Fragile: 1 of 4 evidence groups support JPST, its lead is narrowing, and its current signal state is conflicted.
JPMorgan Income ETF
JPMorgan Ultra-Short Income ETF
The Algovestiq AIQ Score currently favors JPST over JPIE, 52 versus 51 as of Oct 21, 2026. JPST's advantage is driven primarily by stronger quality, while JPIE holds the stronger risk resilience profile. JPST also shows the stronger technical structure relative to its 50-day moving average. 1 of 4 covered evidence groups favor JPST today, and the comparison is rated Fragile on stability: the AIQ gap is narrow at 1 points. JPST lead: Weakening — the AIQ differential moved from 5 to 1 points over 30 sessions.
Compare JPMorgan Income ETF and JPMorgan Ultra-Short Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
JPIE vs JPST: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | JPIE | JPST | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.4% | 0.18% | JPST |
| Broader diversificationNumber of holdings | 2,747 | 797 | JPIE |
| Lower concentrationWeight of the 10 largest holdings | 21.4% | 14.1% | JPST |
| Higher incomeTrailing 12-month distribution yield | 5.7% | 4.14% | JPIE |
| Smaller drawdownsMax drawdown, 5 years | -10% | -0.6% | JPST |
| Lower volatilityAnnualized volatility, 1 year | 2.4% | 1.3% | JPST |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare JPIE and JPST against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Quality59 vs 70JPST +11
- Risk Resilience77 vs 67JPIE +10
- Momentum44 vs 39JPIE +5
- Value36 vs 36Even
1 of 4 evidence groups favor JPST. JPST’s edge is concentrated in quality; JPIE keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +5
No signal started or stopped since the prior session; its 5 active signals are unchanged.
Largest factor move: Momentum +3
No signal started or stopped since the prior session; its 7 active signals are unchanged.
JPST's lead was unchanged in the latest session.
Deeper signal detail for each name lives on its own signals page — JPIE and JPST both carry a full feed there.
The central trade-off
JPST (JPMorgan Ultra-Short Income ETF): the stronger current systematic profile, led by quality.
JPIE (JPMorgan Income ETF): the counter-case, on risk resilience, momentum.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | JPIE | JPST | Why it matters |
|---|---|---|---|
| Expense ratio | 0.4% | 0.18% | Lower is better — it compounds against you every year you hold. |
| Holdings | 2,747 | 797 | More holdings means broader diversification, not better returns. |
| Average volume | 1,657,244 | 6,857,471 | Liquidity — matters most if you trade size. |
| Annualized volatility | 2.4% | 1.3% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -4% | -1.1% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -2.95 | -3.58 | Return per unit of risk. Higher is better. |
| Beta | 0.07 | 0.01 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
JPIE and JPST share 0.04% of their weighted exposure across 3 common holdings.
2,553 holdings are unique to JPIE, and 793 holdings are unique to JPST. Owning both is genuinely additive — most of the capital sits in different securities.
JPIE is the more concentrated of the two: its ten largest positions are 21.43% of the fund, against 14.13% for JPST (2,747 holdings vs 797). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | JPIE | JPST | Shared |
|---|---|---|---|
| MADISON PARK FLT 07/34 | 0.03% | 0.05% | 0.03% |
| HSBC HOLDINGS VAR 03/30 | 0.01% | 0.1% | 0.01% |
| AERCAP IRELAND 6.1% 01/27 | 0% | 0.08% | 0% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What JPIE adds that JPST doesn’t
| Holding | JPIE | JPST |
|---|---|---|
| TBA UMBS SINGLE FAMILY 5% | 4.34% | Not held |
| TBA UMBS SINGLE 5.5% | 3.83% | Not held |
| TBA GNMA2 SINGLE 6.5% | 2.69% | Not held |
| JPMORGAN PRIME MONEY | 2.22% | Not held |
| TBA GNMA2 SINGLE 4.5% | 2.04% | Not held |
| GNMA II MORTPASS 6% 06/56 | 1.53% | Not held |
What JPST adds that JPIE doesn’t
| Holding | JPST | JPIE |
|---|---|---|
| JPMORGAN U.S. GOVERNMENT | 7.23% | Not held |
| UNITED 3.375% 02/28 | 2.12% | Not held |
| WELLS FARGO SECURITIES, L | 1.06% | Not held |
| UNITED 0.875% 09/26 | 0.65% | Not held |
| CAPITAL ONE VAR 11/27 | 0.55% | Not held |
| FIRST ABU DHABI 0% 11/26 | 0.54% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AIQ Agreement Matrix
1 of 4 covered evidence groups favor JPST. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 51 vs 52 |
| Fundamentals | Not covered | Not covered |
| Valuation | Even | Value 36 vs 36 |
| Technicals | JPST | Price vs 50-day -1% vs -0.1%; vs 200-day -2.2% vs -0.3% |
| Risk Resilience | JPIE | Risk Resilience 77 vs 67 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of JPIE and JPST and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 1 points. (argues the conclusion is provisional)
- Only 1 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The lead has been steady session to session. (supports the conclusion holding)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on JPST.
How the comparison changed
120 daily snapshots · Jun 21 – Oct 20JPST lead: Weakening — the AIQ differential moved from 5 to 1 points over 30 sessions.
- Today
- JPST +1
- 51 vs 52
- 7 sessions ago
- JPST +2
- 49 vs 51
- 30 sessions ago
- JPST +5
- 46 vs 51
- 90 sessions ago
- JPST +1
- 55 vs 56
The lead changed hands 10 times in this window, most recently on Sep 6 when JPST moved ahead of JPIE.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 3 bearish / 1 neutral, conflicted
No signal that the other name lacks.
2 bullish / 3 bearish / 2 neutral, conflicted
Only JPST
- EMA Ribbon Compression — neutral, trend, medium horizon
- 52-Week High Proximity — bullish, risk, long horizon (0.8%)
Both carry 5 more signals that do not separate them: Death Cross Active, ATR Contraction - Coiling, 52-Week Low Proximity, Downtrend Structure Active, MACD Bullish Crossover.
JPST leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -0.02%, AIQ +1 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price 0%, AIQ +1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1JPIE closes the Quality gap — currently 11 points behind, the largest single contributor to JPST's edge.
- 2JPIE's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3JPST's conflicting signal state resolves bearish — it currently carries 2 bullish and 3 bearish rules at once.
- 4The narrowing continues — the lead has already given back 4 points over 30 sessions, and a further 1-point move would eliminate JPST's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
JPST leads 5 of 6 windows| Metric | JPIE | JPST |
|---|---|---|
| 1 week (5 sessions) | 0.3% | 0.1% |
| 1 month (20 sessions) | -0.9% | 0% |
| 3 months (63 sessions) | -2% | -0.3% |
| 6 months (126 sessions) | -2.7% | -0.4% |
| Year to date | -3% | -0.5% |
| 1 year (252 sessions) | -3.1% | -0.7% |
Technicals
JPST has the stronger structure| Metric | JPIE | JPST |
|---|---|---|
| RSI (14) | 52.3 | 46.9 |
| ADX (14) | 48 | 23 |
| Price vs 50-day | -1% | -0.1% |
| Price vs 200-day | -2.2% | -0.3% |
| Volatility (1M, annualized) | 2.9% | 1.2% |
Risk
JPIE is the more resilient| Metric | JPIE | JPST |
|---|---|---|
| Beta | 0.07 | 0.01 |
| Sharpe ratio | -2.95 | -3.58 |
| Sortino ratio | -3.17 | -2.91 |
| Max drawdown | -4% | -1.1% |
| Current drawdown | -3.5% | -0.8% |
| Annualized volatility | 2.4% | 1.3% |
| Value at risk (95%) | -0.3% | -0.1% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between JPIE and JPST?
JPIE holds 2,747 positions to JPST's 797, and 0% of their weight is in the same securities.
How much do JPIE and JPST overlap?
JPIE and JPST share 0.04% of their weighted exposure across 3 common holdings. 2,553 holdings are unique to JPIE, and 793 holdings are unique to JPST. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, JPIE or JPST?
JPIE holds more positions: 2,747 versus 797 for JPST.
Which has the lower expense ratio?
JPST has the lower expense ratio, 0.18% a year against 0.4% for JPIE.
Which ETF has the higher distribution yield?
JPIE, with a trailing 12-month distribution yield of 5.7% against 4.14% for JPST.
Which ETF has been more volatile?
JPIE has been more volatile over the past year, at 2.4% annualized against 1.3% for JPST.
Which ETF has had the smaller drawdown?
JPST fell less from peak to trough over the past five years: -0.6% against -10% for JPIE.
Compare JPIE and JPST with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.