AHLT vs. JPFP

Last updated Jun 24, 2026

AHLT (American Beacon AHL Trend ETF) and JPFP (JPMorgan Managed Futures Plus ETF) are both Systematic Trend funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. AHLT charges 0.95%/yr vs 0.59%/yr for JPFP.

Performance

AHLT vs. JPFP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Beacon AHL Trend ETF (AHLT) and JPMorgan Managed Futures Plus ETF (JPFP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AHLT

• 1D: -1.85%
• 1M: -2.14%
• YTD: 9.50%
• 6M: 8.40%
• 1Y: 34.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPFP

• 1D: -1.85%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AHLT vs. JPFP - Yearly Performance Comparison

	2026 (YTD)
AHLT American Beacon AHL Trend ETF	-1.43%
JPFP JPMorgan Managed Futures Plus ETF	-2.76%

Correlation

The correlation between AHLT and JPFP is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.82

Return for Risk

AHLT vs. JPFP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHLT

AHLT Risk / Return Rank: 66
AHLT Sharpe Ratio Rank: 64
AHLT Sortino Ratio Rank: 56
AHLT Omega Ratio Rank: 63
AHLT Calmar Ratio Rank: 83
AHLT Martin Ratio Rank: 65

JPFP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHLT vs. JPFP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Beacon AHL Trend ETF (AHLT) and JPMorgan Managed Futures Plus ETF (JPFP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AHLT	JPFP	Difference
Sharpe ratio: Return per unit of total volatility	1.97	—	—
Sortino ratio: Return per unit of downside risk	2.51	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	4.19	—	—
Martin ratio: Return relative to average drawdown	11.05	—	—

Drawdowns

AHLT vs. JPFP - Drawdown Comparison

The maximum AHLT drawdown since its inception was -20.18%, which is greater than JPFP's maximum drawdown of -5.82%. Use the drawdown chart below to compare losses from any high point for AHLT and JPFP.

Drawdown Indicators

	AHLT	JPFP	Difference
Max Drawdown Largest peak-to-trough decline	-20.18%	-5.82%	-14.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	—	—
Current Drawdown Current decline from peak	-3.38%	-4.53%	+1.15%
Average Drawdown Average peak-to-trough decline	-9.26%	-2.33%	-6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	—	—

Volatility

Volatility by Period

	AHLT	JPFP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	22.47%	-4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	22.47%	-5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	22.47%	-5.09%

AHLT vs. JPFP - Expense Ratio Comparison

AHLT has a 0.95% expense ratio, which is higher than JPFP's 0.59% expense ratio.

Dividends

AHLT vs. JPFP - Dividend Comparison

AHLT's dividend yield for the trailing twelve months is around 1.55%, while JPFP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
AHLT American Beacon AHL Trend ETF	1.55%	1.70%	0.00%	3.72%
JPFP JPMorgan Managed Futures Plus ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AHLT and JPFP in my portfolio?

AHLT and JPFP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AHLT or JPFP?

On fees, JPFP is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AHLT or JPFP?

JPFP is cheaper with a 0.59% expense ratio, compared with 0.95% for AHLT.

Which ETF pays a higher dividend yield, AHLT or JPFP?

AHLT has the higher dividend yield at 1.55%, compared with 0.00% for JPFP.

What is the main difference between AHLT and JPFP?

They also come from different issuers: American Beacon and JPMorgan. Their fees differ too: 0.95% for AHLT and 0.59% for JPFP.