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FTSM vs JPST: Differences, Returns & Fees

FTSM's duration was 0.7 years on Jul 31, 2026 and JPST's 0.8 on May 31, 2026; JPST charges 0.18% to FTSM's 0.29%. Net assets on Oct 20, 2026: $6.7bn for First Trust Enhanced Short Maturity ETF and $42.8bn for JPMorgan Ultra-Short Income ETF.

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Answers cite the figures on this page.

JPST costs 0.11 points a year less; both returned +3.4% over a year; JPST is 6.4 times larger.

FTSM vs JPST: Differences, Returns & Fees
FTSMJPST
Expense ratio0.29%0.18%
Net assets$6.7bn$42.8bn
Total return, 1 year+3.4%+3.4%
What it tracksNo index, actively managedNo index, actively managed
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+3.4%
FTSM total return, 1 year
+3.4%
JPST total return, 1 year
0.29%
FTSM expense ratio
0.18%
JPST expense ratio

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Client brief · page 1 of 2Report BR-0E3671AC35

FTSM and JPST are built for the same job. How do they differ in cost, holdings and results?

  1. Cost. FTSM charges 0.29% of assets a year and JPST 0.18%, a gap of 0.11 points.
  2. Size. FTSM has $6.7bn in net assets and JPST $42.8bn (Net assets); JPST is 6.4 times larger.
  3. What each follows (similar). Both follow No index, actively managed.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

FTSM
First Trust Enhanced Short Maturity ETF
JPST
JPMorgan Ultra-Short Income ETF
Where it sits Bond ETF Bond ETF
Issuer First Trust JPMorgan
What it is Actively managed Actively managed
Total return, 1 year +3.4% +3.4%
Its benchmark over the same days −1.9% (AGG) −1.9% (AGG)
Gap to its benchmark +5.4 pts vs AGG +5.4 pts vs AGG
Expense ratio 0.29% 0.18%
Holdings 740 824
Net assets $6.7bn $42.8bn

FTSM and JPST on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About FTSM

FTSM is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.29% a year.

About JPST

JPST is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.18% a year.

Questions people ask

Which returned more over the last year, FTSM or JPST?
In the year to Oct 20, 2026, with distributions reinvested, FTSM returned +3.4% and JPST +3.4%.
Which is cheaper, FTSM or JPST?
JPST is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BIL vs FTSMFTSM vs SHVFTSM vs PULSFTSM vs USFRJPST vs TFLOJPST vs TBILJPST vs USFRJPST vs PULS
FTSM on its own →JPST on its own →Hold both: look the portfolio through →Rankings →FTSM dividend history →FTSM holdings →JPST dividend history →JPST holdings →Standards and sources →
Where these figures came from
FTSM filings on SEC EDGAR ↗FTSM prospectus with the expense ratio (SEC) ↗First Trust page for FTSM ↗JPST filings on SEC EDGAR ↗JPST prospectus with the expense ratio (SEC) ↗JPMorgan website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

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ETFIQ, FTSM against JPST, data as of Oct 20, 2026. https://etfiq.com/compare/any/ftsm-vs-jpst

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.