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

In the year to Oct 20, 2026, with distributions reinvested, JPST returned +3.4% and SHV +3.6%.

Which is cheaper, JPST or SHV?

SHV is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

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JPST vs SHV: Differences, Returns & Fees

On May 31, 2026 JPST's duration was 0.8 years and SHV's 0.3; SHV charges 0.15% to JPST's 0.18%. Net assets on Oct 20, 2026: $42.8bn for JPMorgan Ultra-Short Income ETF and $23.5bn for iShares 0-1 Year Treasury Bond ETF.

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Answers cite the figures on this page.

SHV costs 0.03 points a year less; their one-year returns differ by 0.2 points; JPST is 1.8 times larger.

JPST vs SHV: Differences, Returns & Fees
	JPST	SHV
Expense ratio	0.18%	0.15%
Net assets	$42.8bn	$23.5bn
Total return, 1 year	+3.4%	+3.6%
What it tracks	No index, actively managed	ICE Short US Treasury Securities Index
Holdings in common	0%

Holdings in common uses holdings dated May 31, 2026.

+3.4%

JPST total return, 1 year

+3.6%

SHV total return, 1 year

0.18%

JPST expense ratio

0.15%

SHV expense ratio

Client brief · page 1 of 2Report BR-07F2CDEA89

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

What each follows. JPST follows No index, actively managed and SHV follows ICE Short US Treasury Securities Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated May 31, 2026).
Number of holdings. JPST holds 824 positions and SHV holds 67.

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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What they hold in common

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

50%

half

0% in common

Positions both hold, largest shared weight first

Holding JPST SHV

Only in JPST

U.S. Treasury Notes, due Feb 29, 2028 2.31%

U.S. Treasury Notes, due Sep 30, 2026 0.70%

Ventas Realty LP, due Jun 1, 2026 0.65%

Capital One Financial Corp., due Nov 2, 2027 0.59%

National Bank of Canada, due Apr 5, 2027 0.59%

Athene Global Funding, due Aug 27, 2026 0.58%

First Abu Dhabi Bank PJSC, due Nov 10, 2026 0.58%

Energy Transfer LP, due Jun 1, 2026 0.58%

Only in SHV

U.S. Treasury Bills, due Aug 25, 2026 4.95%

U.S. Treasury Bills, due Oct 29, 2026 4.49%

U.S. Treasury Bills, due Jul 28, 2026 4.42%

U.S. Treasury Bills, due Jun 2, 2026 4.23%

U.S. Treasury Bills, due Jul 14, 2026 4.10%

U.S. Treasury Bills, due Jun 16, 2026 3.74%

U.S. Treasury Bills, due Aug 18, 2026 3.54%

U.S. Treasury Bills, due Sep 29, 2026 3.34%

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On the same fields

JPST

JPMorgan Ultra-Short Income ETF

SHV

iShares 0-1 Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer JPMorgan iShares

What it is Actively managed Tracks an index of 0-1 Year Treasury Bond

Total return, 1 year +3.4% +3.6%

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% 0.15%

Holdings 824 67

Net assets $42.8bn $23.5bn

JPST and SHV 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 SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, JPST or SHV?: In the year to Oct 20, 2026, with distributions reinvested, JPST returned +3.4% and SHV +3.6%.
Which is cheaper, JPST or SHV?: SHV is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

JPST vs USFR JPST vs VBIL FLOT vs JPST JPST vs VUSB BIL vs SHV SHV vs USFR SHV vs VBIL BSCR vs SHV

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

Where these figures came from

JPST filings on SEC EDGAR ↗JPST prospectus with the expense ratio (SEC) ↗JPMorgan website ↗SHV filings on SEC EDGAR ↗SHV prospectus with the expense ratio (SEC) ↗iShares page for SHV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, JPST against SHV, data as of Oct 20, 2026. https://etfiq.com/compare/any/jpst-vs-shv

Open data

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