Which returned more over the last year, JAAA or JPST?

In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and JPST +3.4%.

Which is cheaper, JAAA or JPST?

JPST is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

JAAA vs JPST: Differences, Returns & Fees

Share on X Download as PDF

JAAA's duration was 0.0 years on Jul 31, 2026 and JPST's 0.7 on Aug 31, 2026; JPST charges 0.18% to JAAA's 0.20%.

askIQ about this page

askIQ about JAAA and JPST

Net assets on Oct 28, 2026: $32.5bn for Janus Henderson AAA CLO ETF and $42.5bn for JPMorgan Ultra-Short Income ETF.

JAAA on its own →JPST on its own →

At a glance

+4.7%

JAAA total return, 1 year

+3.4%

JPST total return, 1 year

0.20%

JAAA expense ratio

0.18%

JPST expense ratio

Pair scorecard

JPST costs 0.02 points a year less; their one-year returns differ by 1.3 points; JPST is 1.3 times larger.

JAAA vs JPST: Differences, Returns & Fees
Measure	JAAA	JPST
Return
Measure	JAAA	JPST
Total return, 1 year	+4.7%	+3.4%
Benchmark
Measure	JAAA	JPST
What it tracks	No index, actively managed	No index, actively managed
Cost and size
Measure	JAAA	JPST
Expense ratio	0.20%	0.18%
Net assets	$32.5bn	$42.5bn
Holdings
Measure	JAAA	JPST
Holdings in common	0%

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

Risk and return

Oct 30, 2020 to Oct 23, 2026 · 312 weekly returns

JAAA JPST

Return

Total return edge JAAA +31.1% +21.4%

Annualized edge JAAA +4.6% +3.3%

Price return edge JAAA +1.6% −0.8%

Risk

Volatility edge JPST 1.3% 0.6%

Max drawdown edge JPST −2.5% −0.8%

Risk-adjusted

Sharpe edge JAAA 0.93 −0.10

Sortino edge JAAA 1.24 −0.15

Calmar edge JPST 1.82 4.17

Reading

JAAA returned more: +31.1% to +21.4%. JPST swung less: 0.6% to 1.3%. JPST fell less at its worst: −0.8% to −2.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: JAAA vs JPST: Differences, Returns & Fees
Measure	JAAA	JPST	Edge	How it is measured
Return
Total return	+31.1%	+21.4%	JAAA	Price change plus distributions, reinvested.
Annualized	+4.6%	+3.3%	JAAA	Total return as a yearly rate.
Price return	+1.6%	−0.8%	JAAA	Price change alone, distributions left out.
Risk
Volatility	1.3%	0.6%	JPST	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	1.0%	0.4%	JPST	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−2.5%	−0.8%	JPST	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.93	−0.10	JAAA	Return above Treasury bills per unit of volatility.
Sortino	1.24	−0.15	JAAA	Return above Treasury bills per unit of downside deviation.
Calmar	1.82	4.17	JPST	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 312 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, JAAA and JPST hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JAAA JPST

Only in one fund ↓

Only in JAAA

KKR CLO 35 Ltd., Series 35A, Class AR, due Jan 20, 2038 0.85%

AB BSL CLO 1 Ltd., Series 2020-1A, Class A1R2, due Oct 15, 2038 0.78%

Anchorage Capital CLO 16 Ltd., Series 2020-16A, Class A1R2, due Jan 19, 2038 0.73%

Palmer Square CLO Ltd., Series 2018-2A, Class A1R2, due Apr 16, 2037 0.68%

Ares LXI CLO Ltd., Series 2021-61A, Class A1R2, due Apr 20, 2037 0.68%

Carlyle US CLO Ltd., Series 2021-8A, Class A1R, due Oct 15, 2038 0.62%

WISE CLO Ltd., Series 2024-1A, Class AR, due Apr 15, 2037 0.62%

Magnetite XXXII Ltd., Series 2022-32A, Class AR, due Oct 15, 2037 0.60%

Only in JPST

U.S. Treasury Notes, due Feb 29, 2028 2.15%

U.S. Treasury Notes, due Sep 30, 2026 0.65%

National Bank of Canada, due Apr 5, 2027 0.56%

Capital One Financial Corp., due Nov 2, 2027 0.55%

First Abu Dhabi Bank PJSC, due Nov 10, 2026 0.55%

Svenska Handelsbanken AB, due Jun 9, 2027 0.51%

DNB Bank ASA, due Feb 24, 2027 0.51%

Royal Bank of Canada, due Mar 24, 2027 0.51%

Check overlap with more funds →

Side by side

JAAA Janus Henderson AAA CLO ETF JPST JPMorgan Ultra-Short Income ETF

Where it sits Bond ETF Bond ETF

Issuer Janus Henderson JPMorgan

What it is Actively managed Actively managed

Total return, 1 year +4.7% +3.4%

Its benchmark over the same days not measured −1.4% (AGG)

Gap to its benchmark not measured +4.8 pts vs AGG

Expense ratio 0.20% 0.18%

Holdings 598 810

Net assets $32.5bn $42.5bn

JAAA and JPST on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-F832CCCA4A

JAAA and JPST do different jobs. What does each one do in a portfolio?

Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Aug 31, 2026).
What each follows (similar). Both follow No index, actively managed.
One-year total return (similar). Over 1 year to Oct 28, 2026 JAAA returned +4.7% and JPST +3.4% with distributions reinvested, a gap of 1.3 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

JAAA

JAAA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.7% with distributions reinvested. The prospectus expense ratio is 0.20% a year.

JPST

JPST is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +3.4% with distributions reinvested, against −1.4% 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, JAAA or JPST?: In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and JPST +3.4%.
Which is cheaper, JAAA or JPST?: JPST is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

JAAA vs SGOV BIL vs JAAA JAAA vs SHV JAAA vs PULS JPST vs SHV BIL vs JPST JPST vs PULS JPST vs USFR

Where to next

JAAA on its own →JPST on its own →Hold both: look the portfolio through →Rankings →JAAA dividend history →JAAA holdings →JPST dividend history →JPST holdings →Standards and sources →

Sources and dates

JAAA filings on SEC EDGAR ↗

JAAA prospectus with the expense ratio (SEC) ↗

Janus Henderson page for JAAA ↗

JPST filings on SEC EDGAR ↗

JPST prospectus with the expense ratio (SEC) ↗

JPMorgan website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, JAAA against JPST, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-jpst

Open data →

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