JPST vs XBIL: Yield, Cost and Returns Compared
As of Nov 5, 2026, JPST yields more: 4.13% (current yield) against 4.00% for XBIL. XBIL is cheaper to own at 0.15% a year vs 0.18%. Over the same 3 years (Mar 2023 to Oct 2026), JPST returned 4.9% a year with distributions reinvested, and XBIL 4.5%. JPST's income is mostly taxable by states; XBIL's is generally exempt from state income tax.
| Compared | JPST | XBIL |
|---|---|---|
| YieldCurrent yield | 4.13% | 4.00% |
| Expense ratio | 0.18% | 0.15% |
| Total return, 1 yr | +3.5% | +3.7% |
| Total return, 3 yr (a year) | +4.9% | +4.5% |
| Total return, 5 yr (a year) | +3.9% | — |
| Worst drop since Mar 2023 | 0.0% | 0.0% |
| Share price since Mar 2023 | +0% | −0% |
| Pays | Monthly | Monthly |
| Issuer | JPMorgan | F/m Investments LLC |
| Assets | $42.5B | $792.1M |
| Started | 2017 | 2023 |
| Type | Ultra-short bond ETF | Treasury ETF |
Higher yield
JPST
4.13%
Lower cost
XBIL
0.15%
Better total return
JPST
4.9%/yr
Smaller worst drop
JPST
0.0%
Key facts: JPST vs XBIL
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, JPST yields 4.13% (current yield) and XBIL yields 4.00% (current yield).
- JPST's expense ratio is 0.18% and XBIL's is 0.15%: $18 vs $15 a year on $10,000.
- From Mar 2023 to Oct 2026, $10,000 in JPST grew to $11,854 (4.9% a year) and $10,000 in XBIL to $11,712 (4.5% a year), distributions reinvested.
- Their worst month-end drops over that time: 0.0% for JPST and 0.0% for XBIL.
- JPST's income is mostly taxable by states, while XBIL's is generally exempt from state income tax.
Cite this page
SmarterDividends, "JPST vs XBIL: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/jpst-vs-xbil
$10,000 in each, Mar 2023 to Oct 2026
Distributions reinvested, month-end values.
JPST became
$11,854
4.9% a year
XBIL became
$11,712
4.5% a year
Year by year
| Year | JPST | XBIL |
|---|---|---|
| 2025 | +5.0% | +4.2% |
| 2024 | +5.6% | +5.2% |
Total return each calendar year, distributions reinvested.
What each holds and how it's taxed
- JPST · Ultra-short bond ETF
- Holds short-term bonds, which can include corporate or asset-backed debt, for a little more yield than T-bills and a little more price movement.
- XBIL · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
General information, not tax advice. Every cash fund by yield →
Top holdings
No overlap in the top ten.
JPST
- MGMXX JPMorgan US Government MMkt IM2.9%
XBIL
- Holdings not reported.
JPST vs XBIL: questions
Is JPST or XBIL better?
It depends on the job. JPST pays more today (4.13% vs 4.00%), XBIL costs less, and JPST has the better total return over Mar 2023 to Oct 2026, with JPST holding up better in its worst stretch. For cash you may need soon, yield after tax and how easily you can get the money out matter more than past returns.
Which pays a higher dividend, JPST or XBIL?
JPST, at 4.13% against 4.00% for XBIL as of Nov 5, 2026. On $10,000 that's about $413 vs $400 a year at today's rates.
Which has the better total return?
JPST. From Mar 2023 to Oct 2026, it returned 4.9% a year with distributions reinvested, against 4.5% for XBIL. $10,000 became $11,854 vs $11,712.
Which is cheaper, JPST or XBIL?
XBIL, with a 0.15% expense ratio against 0.18%.
How are JPST and XBIL taxed?
JPST: Holds short-term bonds, which can include corporate or asset-backed debt, for a little more yield than T-bills and a little more price movement. XBIL: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). General information, not tax advice.
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. For information only, not investment advice. Last fund data: Nov 5, 2026.