JPMorgan Ultra-Short Income ETF (JPST)
Market Price (9/20/2026): $50.37
JPMorgan Ultra-Short Income ETF (JPST)
Market Price (9/20/2026): $50.37
Key Takeaways
- JPST has returned +1.9% YTD vs +12.3% for SPY; +3.1% over the past 12 months (SPY +15.7%). details →
- Priced in gold, JPST has returned -49.2% over the past 3 years, vs +15.3% in dollars — its dollar gains have lagged gold. details →
- Over the past month, JPST has seen net inflows of +$1.14B (+2.8% of assets). details →
- JPST is trading at an all-time high. details →
- Risk-adjusted returns beat SPY: 3-year Sharpe ratio of 1.2 vs 1.0. details →
Asset Allocation with JPST
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+12.9%
Volatility
11.5%
Sharpe
0.87
YTD
+8.7%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.
Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
Learn More →
Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies
Top 20 Holdings for JPST
Total Weights Top 5: 12.2% | Top 10: 14.9% | Top 20: 19.2%
| Holding | ETF Weight | |
|---|---|---|
| JPMORGAN U.S. GOVERNMENT | 7.37% | |
| UNITED 3.375% 02/28 | 2.12% | |
| WELLS FARGO SECURITIES, L | 1.06% | |
| WELLS FARGO SECURITIES, L | 1.06% | |
| UNITED 0.875% 09/26 | 0.65% | |
| CAPITAL ONE VAR 11/27 | 0.55% | |
| FIRST ABU DHABI 0% 11/26 | 0.54% | |
| SVENSKA 0% 06/27 | 0.51% | |
| DNB BANK ASA 0% 02/27 | 0.51% | |
| ROYAL BANK OF 0% 03/27 | 0.50% | |
| ABBVIE INC 2.95% 11/26 | 0.48% | |
| BANK OF NOVA 4.03% 02/27 | 0.46% | |
| FHLMC STRIPS 451 4% 06/27 | 0.45% | |
| FEDERATION 4.505% 05/28 | 0.45% | |
| T-MOBILE USA 3.75% 04/27 | 0.43% | |
| DEUTSCHE BANK VAR 11/27 | 0.43% | |
| AT&T INC NOTES FLT 08/28 | 0.43% | |
| HONDA AUTO 4.11% 12/28 | 0.41% | |
| ABN AMRO BANK VAR 09/27 | 0.41% | |
| BMW US CAPITAL 4.3% 03/28 | 0.40% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| JPST Return | 0% | 1% | 5% | 6% | 5% | 2% | 20% |
| Peers Return | -0% | 2% | 5% | 5% | 4% | 2% | 20% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| JPST Win Rate | 67% | 50% | 100% | 100% | 100% | 89% | |
| Peers Win Rate | 33% | 80% | 100% | 100% | 100% | 89% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| JPST Max Drawdown | -0% | -1% | -0% | -0% | -0% | -0% | |
| Peers Max Drawdown | -0% | -0% | -0% | -0% | -0% | -0% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SGOV, BIL, SHV, USFR, TFLO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 8312026.Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| QQEW | First Trust Nasdaq-100 Select Equal Weight ETF | -5.6% | 157.72 | 9192026 | 167.03 | 8132026 | 37 |
| IJH | iShares Core S&P Mid-Cap ETF | -7.2% | 72.98 | 9192026 | 78.67 | 8162026 | 34 |
| VO | Vanguard Mid-Cap ETF | -5.3% | 80.00 | 9192026 | 84.46 | 8162026 | 34 |
| IWR | iShares Russell Mid-Cap ETF | -5.8% | 108.21 | 9192026 | 114.82 | 8162026 | 34 |
| MDY | State Street SPDR S&P MIDCAP 400 ETF Trust | -7.0% | 666.68 | 9192026 | 716.91 | 8162026 | 34 |
| SCHM | Schwab U.S. Mid-Cap ETF | -5.5% | 34.85 | 9192026 | 36.87 | 6302026 | 81 |
| IVOO | Vanguard S&P Mid-Cap 400 ETF | -6.9% | 123.96 | 9192026 | 133.08 | 8162026 | 34 |
| IJR | iShares Core S&P Small-Cap ETF | -7.7% | 138.90 | 9192026 | 150.44 | 8162026 | 34 |
| VB | Vanguard Small-Cap ETF | -6.4% | 289.61 | 9192026 | 309.29 | 8162026 | 34 |
| IWM | iShares Russell 2000 ETF | -6.9% | 284.10 | 9192026 | 305.09 | 8162026 | 34 |
| SCHA | Schwab U.S. Small-Cap ETF | -7.4% | 33.44 | 9192026 | 36.13 | 6302026 | 81 |
| VTWO | Vanguard Russell 2000 ETF | -6.6% | 115.16 | 9192026 | 123.31 | 8162026 | 34 |
| DFAS | Dimensional U.S. Small Cap ETF | -6.4% | 79.11 | 9192026 | 84.48 | 8162026 | 34 |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | -6.5% | 52.95 | 9192026 | 56.64 | 8162026 | 34 |
| NUSC | Nuveen ESG Small-Cap ETF | -6.9% | 49.57 | 9192026 | 53.27 | 8162026 | 34 |
| AKRE | Akre Focus ETF | -10.0% | 55.69 | 9192026 | 61.85 | 8302026 | 20 |
| IWP | iShares Russell Mid-Cap Growth ETF | -7.2% | 137.08 | 9192026 | 147.70 | 8172026 | 33 |
| VOT | Vanguard Mid-Cap Growth ETF | -6.9% | 292.25 | 9192026 | 314.02 | 8162026 | 34 |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | -7.8% | 109.81 | 9192026 | 119.11 | 8172026 | 33 |
| MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | -7.7% | 104.94 | 9192026 | 113.69 | 8172026 | 33 |
| IWO | iShares Russell 2000 Growth ETF | -8.5% | 362.09 | 9192026 | 395.65 | 8162026 | 34 |
| VBK | Vanguard Small-Cap Growth ETF | -7.6% | 338.36 | 9192026 | 366.24 | 8172026 | 33 |
| IJT | iShares S&P Small-Cap 600 Growth ETF | -9.0% | 163.01 | 9192026 | 179.07 | 8042026 | 46 |
| SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | -8.7% | 109.08 | 9192026 | 119.50 | 8042026 | 46 |
| IWS | iShares Russell Mid-Cap Value ETF | -5.3% | 164.18 | 9192026 | 173.44 | 8162026 | 34 |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | -6.7% | 141.52 | 9192026 | 151.67 | 8162026 | 34 |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | -6.2% | 91.40 | 9192026 | 97.39 | 8162026 | 34 |
| VBR | Vanguard Small-Cap Value ETF | -5.5% | 237.74 | 9192026 | 251.66 | 8162026 | 34 |
| AVUV | Avantis U.S. Small Cap Value ETF | -5.3% | 121.96 | 9192026 | 128.74 | 8042026 | 46 |
| IWN | iShares Russell 2000 Value ETF | -5.2% | 215.58 | 9192026 | 227.43 | 8162026 | 34 |
| IJS | iShares S&P Small-Cap 600 Value ETF | -6.6% | 131.35 | 9192026 | 140.68 | 8162026 | 34 |
| SLYV | State Street SPDR S&P 600 Small Cap Value ETF | -6.2% | 105.24 | 9192026 | 112.22 | 8162026 | 34 |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | -6.3% | 113.13 | 9192026 | 120.76 | 8162026 | 34 |
| VGK | Vanguard FTSE Europe ETF | -5.1% | 88.21 | 9192026 | 92.96 | 8252026 | 25 |
| IEMG | iShares Core MSCI Emerging Markets ETF | -5.0% | 81.66 | 9192026 | 86.00 | 6222026 | 89 |
| EEM | iShares MSCI Emerging Markets ETF | -5.9% | 67.03 | 9192026 | 71.21 | 6222026 | 89 |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | -9.5% | 33.77 | 9192026 | 37.30 | 6222026 | 89 |
| EWY | iShares MSCI South Korea ETF | -17.3% | 181.31 | 9192026 | 219.20 | 6212026 | 90 |
| EWZ | iShares MSCI Brazil ETF | -10.1% | 37.52 | 9192026 | 41.73 | 4142026 | 158 |
| FXI | iShares China Large-Cap ETF | -10.3% | 34.32 | 9192026 | 38.26 | 5132026 | 129 |
| ILF | iShares Latin America 40 ETF | -8.0% | 35.04 | 9192026 | 38.10 | 4142026 | 158 |
| KWEB | KraneShares CSI China Internet ETF | -18.8% | 24.83 | 9192026 | 30.59 | 5132026 | 129 |
| SDY | State Street SPDR S&P Dividend ETF | -5.3% | 150.78 | 9192026 | 159.18 | 8242026 | 26 |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -5.8% | 55.66 | 9192026 | 59.07 | 8242026 | 26 |
| MTUM | iShares MSCI USA Momentum Factor ETF | -10.3% | 309.62 | 9192026 | 345.22 | 6222026 | 89 |
| SPHQ | Invesco S&P 500 Quality ETF | -6.8% | 83.93 | 9192026 | 90.10 | 6302026 | 81 |
| FNDA | Schwab Fundamental U.S. Small Company ETF | -7.1% | 35.79 | 9192026 | 38.52 | 8162026 | 34 |
| SPMO | Invesco S&P 500 Momentum ETF | -7.7% | 149.21 | 9192026 | 161.66 | 6222026 | 89 |
| URA | Global X Uranium ETF | -28.5% | 41.65 | 9192026 | 58.26 | 5062026 | 136 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | -15.7% | 35.11 | 9192026 | 41.63 | 5132026 | 129 |
| ROBO | ROBO Global Robotics & Automation Index ETF | -13.1% | 78.50 | 9192026 | 90.34 | 6022026 | 109 |
| LIT | Global X Lithium & Battery Tech ETF | -23.1% | 70.50 | 9192026 | 91.62 | 5112026 | 131 |
| ICLN | iShares Global Clean Energy ETF | -26.1% | 17.56 | 9192026 | 23.75 | 6022026 | 109 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | -15.0% | 122.20 | 9192026 | 143.82 | 5282026 | 114 |
| ARKX | ARK Space & Defense Innovation ETF | -14.9% | 32.12 | 9192026 | 37.74 | 5282026 | 114 |
| NASA | Tema Space Innovators ETF | -42.9% | 23.94 | 9192026 | 41.89 | 5272026 | 115 |
| AGIX | KraneShares Artificial Intelligence ETF | -5.8% | 46.55 | 9192026 | 49.40 | 6012026 | 110 |
| DRSK | Aptus Defined Risk ETF | -6.3% | 27.81 | 9192026 | 29.67 | 6012026 | 110 |
| YYY | Amplify CEF High Income ETF | -6.3% | 10.83 | 9192026 | 11.56 | 7122026 | 69 |
| GDE | WisdomTree Efficient Gold Plus Equity Strategy Fund | -6.3% | 66.78 | 9192026 | 71.30 | 8252026 | 25 |
| XLI | State Street Industrial Select Sector SPDR ETF | -9.0% | 169.75 | 9192026 | 186.51 | 8162026 | 34 |
| XLC | State Street Communication Services Select Sector SPDR ETF | -7.0% | 110.81 | 9192026 | 119.10 | 4192026 | 153 |
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | -9.0% | 111.03 | 9192026 | 122.06 | 5282026 | 114 |
| XLP | State Street Consumer Staples Select Sector SPDR ETF | -5.3% | 82.80 | 9192026 | 87.45 | 8242026 | 26 |
| XLU | State Street Utilities Select Sector SPDR ETF | -12.8% | 41.10 | 9192026 | 47.15 | 4092026 | 163 |
| XLB | State Street Materials Select Sector SPDR ETF | -6.9% | 49.99 | 9192026 | 53.67 | 8262026 | 24 |
| IYJ | iShares U.S. Industrials ETF | -8.3% | 155.72 | 9192026 | 169.86 | 8042026 | 46 |
| IYM | iShares U.S. Basic Materials ETF | -7.2% | 182.37 | 9192026 | 196.45 | 8252026 | 25 |
| SMH | VanEck Semiconductor ETF | -14.3% | 573.00 | 9192026 | 668.91 | 6222026 | 89 |
| SOXX | iShares Semiconductor ETF | -18.6% | 533.07 | 9192026 | 655.01 | 6222026 | 89 |
| IBB | iShares Biotechnology ETF | -5.7% | 204.56 | 9192026 | 216.96 | 8192026 | 31 |
| XBI | State Street SPDR S&P Biotech ETF | -7.6% | 156.72 | 9192026 | 169.55 | 8192026 | 31 |
| ITA | iShares U.S. Aerospace & Defense ETF | -15.6% | 213.84 | 9192026 | 253.22 | 8162026 | 34 |
| IGV | iShares Expanded Tech-Software Sector ETF | -5.4% | 104.35 | 9192026 | 110.32 | 8272026 | 23 |
| IYT | iShares U.S. Transportation ETF | -10.8% | 80.27 | 9192026 | 90.01 | 7162026 | 65 |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | -6.7% | 184.80 | 9192026 | 198.06 | 9032026 | 16 |
| KRE | State Street SPDR S&P Regional Banking ETF | -6.6% | 72.75 | 9192026 | 77.93 | 8162026 | 34 |
| MISL | First Trust Indxx Aerospace & Defense ETF | -13.8% | 42.38 | 9192026 | 49.19 | 5282026 | 114 |
| RING | iShares MSCI Global Gold Miners ETF | -9.7% | 84.09 | 9192026 | 93.17 | 8252026 | 25 |
| SOXQ | Invesco PHLX Semiconductor ETF | -18.5% | 93.86 | 9192026 | 115.11 | 6222026 | 89 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.4% | 81.25 | 9192026 | 86.78 | 6292026 | 82 |
| VGLT | Vanguard Long-Term Treasury ETF | -5.5% | 52.07 | 9192026 | 55.12 | 6292026 | 82 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -5.9% | 24.77 | 9192026 | 26.33 | 6292026 | 82 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -5.4% | 95.16 | 9192026 | 100.56 | 6292026 | 82 |
| EDV | Vanguard World Funds Extended Duration ETF | -8.9% | 59.63 | 9192026 | 65.43 | 6242026 | 87 |
| SPLB | State Street SPDR Portfolio Long Term Corporate Bond ETF | -5.4% | 21.19 | 9192026 | 22.40 | 6292026 | 82 |
| IGLB | iShares 10+ Year Investment Grade Corporate Bond ETF | -5.2% | 47.44 | 9192026 | 50.05 | 6292026 | 82 |
| LMUB | iShares Long-Term National Muni Bond ETF | -6.5% | 47.67 | 9192026 | 51.00 | 7052026 | 76 |
| GSG | iShares GSCI Commodity | -5.4% | 30.01 | 9192026 | 31.72 | 3222026 | 181 |
| GLD | SPDR Gold Trust | -10.0% | 401.17 | 9192026 | 445.93 | 4192026 | 153 |
| IAU | iShares Gold Trust | -10.0% | 82.23 | 9192026 | 91.34 | 4192026 | 153 |
| GLDM | SPDR Gold MiniShares Trust | -9.8% | 86.59 | 9192026 | 96.04 | 4192026 | 153 |
| SLV | iShares Silver Trust | -24.5% | 59.93 | 9192026 | 79.35 | 5132026 | 129 |
| PPLT | ETFS Physical Platinum Shares | -16.6% | 16.31 | 9192026 | 19.55 | 5132026 | 129 |
| PALL | ETFS Physical Palladium Shares | -18.0% | 23.69 | 9192026 | 28.89 | 4142026 | 158 |
| UNG | United States Natural Gas Fund LP | -16.0% | 10.41 | 9192026 | 12.39 | 3222026 | 181 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 9192026 | 60.13 | 5042026 | 138 |
| VNQ | Vanguard Real Estate ETF | -8.0% | 92.91 | 9192026 | 100.95 | 7282026 | 53 |
| XLRE | State Street Real Estate Select Sector SPDR ETF | -7.6% | 42.53 | 9192026 | 46.01 | 7282026 | 53 |
| SCHH | Schwab U.S. REIT ETF | -8.5% | 22.74 | 9192026 | 24.86 | 7262026 | 55 |
| IYR | iShares U.S. Real Estate ETF | -8.6% | 98.00 | 9192026 | 107.26 | 7282026 | 53 |
| REET | iShares Global REIT ETF | -9.2% | 26.22 | 9192026 | 28.89 | 7262026 | 55 |
| USRT | iShares Core U.S. REIT ETF | -10.1% | 62.80 | 9192026 | 69.82 | 7262026 | 55 |
ETF Fund Flows
Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.
Net fund flows · as of 2026-09-18
Asset allocation rotation · Past month
- Equity ETFs drew the largest net inflows (+$31.1B), followed by Bond (+$14.5B), while Real Estate (−$396M) saw the largest outflows.
- Within the mix, money rotated into Factor Smart Beta (+$10.0B) and out of US Large Cap Core (−$12.8B).
- Relative to fund size, CNEQ drew the largest inflow (+50.7% of AUM) and XOVR the largest outflow (−27.6%).
Largest inflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | VOO | Vanguard S&P 500 ETF | +$54.64B | +5.2% |
| 2 | VTI | Vanguard Morningstar Total Stock Market ETF | +$9.67B | +1.4% |
| 3 | SPMO | Invesco S&P 500 Momentum ETF | +$6.97B | +31.4% |
| 4 | SGOV | iShares 0-3 Month Treasury Bond ETF | +$6.93B | +6.4% |
| 5 | VUG | Vanguard Morningstar Growth ETF | +$4.54B | +2.0% |
| 6 | VGSH | Vanguard Short-Term Treasury ETF | +$4.5B | +13.0% |
| 7 | VO | Vanguard Morningstar Mid-Cap ETF | +$4.24B | +3.9% |
| 8 | VFLO | VictoryShares Free Cash Flow ETF | +$3.64B | +33.0% |
| 9 | SCHD | Schwab U.S. Dividend Equity ETF | +$3.31B | +3.0% |
| 10 | GLD | SPDR Gold Shares | +$3.21B | +2.2% |
Largest outflows
| # | Ticker | Name | Net flow | % of AUM |
|---|---|---|---|---|
| 1 | IVV | iShares Core S&P 500 ETF | -$44.75B | -5.1% |
| 2 | SPY | State Street SPDR S&P 500 ETF | -$26.14B | -3.2% |
| 3 | QQQ | Invesco QQQ Trust, Series 1 | -$8.3B | -1.7% |
| 4 | LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$4.6B | -15.4% |
| 5 | XLF | State Street Financial Select Sector SPDR ETF | -$2.97B | -5.4% |
| 6 | VGIT | Vanguard Intermediate-Term Treasury ETF | -$2.47B | -6.2% |
| 7 | DRAM | Roundhill Memory ETF | -$2.31B | -8.9% |
| 8 | HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -$2.29B | -14.9% |
| 9 | IWM | iShares Russell 2000 ETF | -$2.06B | -2.6% |
| 10 | EWY | iShares MSCI South Korea ETF | -$2.04B | -7.4% |
Largest ETF fund flows across ~2632 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.
About JPST
| Holdings Count: 796Expense Ratio: 0.18%Inception Date: 2017-05-17 | JPMorgan Ultra-Short Income ETFThe fund primarily aims to achieve its investment goals by allocating at least 80% of its total capital to investment-grade, U.S. dollar-denominated short-term debt instruments. This capital encompasses both the fund's net assets and any borrowed funds used for investment purposes. The debt investments it targets can carry fixed, variable, or floating interest rates. As a fundamental part of its investment approach, the fund may acquire various securities, including corporate bonds, asset-backed securities, and different forms of mortgage-backed and mortgage-related instruments. It also invests in high-quality money market tools, such as commercial paper and certificates of deposit.Asset Class: Fixed Income | ETF Website |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Profile
| Median | |
|---|---|
| Name | |
| Asset Class | - |
| AUM ($ Bil) | 31.3 |
| Expense Ratio | 0.15% |
| 10-D Avg Volume (Mil) | 5.67 |
| Latest Day Volume (Mil) | 4.59 |
| Holdings Count | 20 |
| Inception Date | - |
Fundamentals
| Median | |
|---|---|
| Name | |
| Net Asset Value | - |
| Premium/Discount | 0.1% |
| Distribution Yield | 3.7% |
| Sales Yield | - |
| Earnings Yield | - |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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