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JPST vs RAVI: Differences, Returns & Fees

JPST's duration was 0.8 years on May 31, 2026 and RAVI's 0.5 on Jul 31, 2026; JPST charges 0.18% to RAVI's 0.25%. Net assets: $42.8bn on Oct 20, 2026 for JPMorgan Ultra-Short Income ETF, and $1.5bn on Jul 31, 2026 for Northern Trust Ultra-Short Fixed Income ETF.

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Answers cite the figures on this page.

JPST costs 0.07 points a year less; their one-year returns differ by 0.4 points.

JPST vs RAVI: Differences, Returns & Fees
JPSTRAVI
Expense ratio0.18%0.25%
Net assets, JPST as of Oct 20, 2026 and RAVI as of Jul 31, 2026$42.8bn$1.5bn
Total return, 1 year+3.4%+3.8%
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%
JPST total return, 1 year
+3.8%
RAVI total return, 1 year
0.18%
JPST expense ratio
0.25%
RAVI expense ratio

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Client brief · page 1 of 2Report BR-8054F61CAF

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

  1. Number of holdings. JPST holds 824 positions and RAVI holds 244.
  2. Size. JPST has $42.8bn in net assets and RAVI $1.5bn (net assets, JPST as of Oct 20, 2026 and RAVI as of Jul 31, 2026); JPST is 28.5 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

JPST
JPMorgan Ultra-Short Income ETF
RAVI
Northern Trust Ultra-Short Fixed Income ETF
Where it sits Bond ETF Bond ETF
Issuer JPMorgan Northern Trust
What it is Actively managed Actively managed
Total return, 1 year +3.4% +3.8%
Its benchmark over the same days −1.9% (AGG) not measured
Gap to its benchmark +5.4 pts vs AGG not measured
Expense ratio 0.18% 0.25%
Holdings 824 244
Net assets, JPST as of Oct 20, 2026 and RAVI as of Jul 31, 2026 $42.8bn $1.5bn

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

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.

About RAVI

RAVI is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.8% with distributions reinvested. The prospectus expense ratio is 0.25% a year.

Questions people ask

Which returned more over the last year, JPST or RAVI?
In the year to Oct 20, 2026, with distributions reinvested, JPST returned +3.4% and RAVI +3.8%.
Which is cheaper, JPST or RAVI?
JPST is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
JPST vs YEARJPST vs VGUSBILZ vs JPSTDUSB vs JPSTBIL vs RAVIRAVI vs SHVPULS vs RAVIRAVI vs SGOV
JPST on its own →RAVI on its own →Hold both: look the portfolio through →Rankings →JPST dividend history →JPST holdings →RAVI dividend history →RAVI holdings →Standards and sources →
Where these figures came from
JPST filings on SEC EDGAR ↗JPST prospectus with the expense ratio (SEC) ↗JPMorgan website ↗RAVI filings on SEC EDGAR ↗RAVI prospectus with the expense ratio (SEC) ↗Northern Trust 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, JPST against RAVI, data as of Oct 20, 2026. https://etfiq.com/compare/any/jpst-vs-ravi

Open data

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