ARCM vs. JPLD

Last updated Jun 24, 2026

ARCM (Arrow Reserve Capital Management ETF) and JPLD (JPMorgan Limited Duration Bond ETF) are both exchange-traded funds - ARCM is a Ultrashort Bond fund actively managed by Arrow Funds, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, ARCM returned 3.60% vs 4.19% for JPLD. At a 0.26 correlation, their price movements are largely independent. ARCM charges 0.50%/yr vs 0.24%/yr for JPLD.

Performance

ARCM vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arrow Reserve Capital Management ETF (ARCM) and JPMorgan Limited Duration Bond ETF (JPLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARCM achieves a 1.47% return, which is significantly higher than JPLD's 1.08% return.

ARCM

• 1D: -0.02%
• 1M: 0.25%
• YTD: 1.47%
• 6M: 1.60%
• 1Y: 3.60%
• 3Y*: 4.66%
• 5Y*: 3.19%
• 10Y*: —

JPLD

• 1D: 0.06%
• 1M: 0.32%
• YTD: 1.08%
• 6M: 1.31%
• 1Y: 4.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARCM vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ARCM Arrow Reserve Capital Management ETF	1.47%	4.11%	5.24%	2.72%
JPLD JPMorgan Limited Duration Bond ETF	1.08%	6.01%	6.49%	3.15%

Correlation

The correlation between ARCM and JPLD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023	0.26

Return for Risk

ARCM vs. JPLD — Risk / Return Rank

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

ARCM

ARCM Risk / Return Rank: 99
ARCM Sharpe Ratio Rank: 99
ARCM Sortino Ratio Rank: 99
ARCM Omega Ratio Rank: 99
ARCM Calmar Ratio Rank: 99
ARCM Martin Ratio Rank: 99

JPLD

JPLD Risk / Return Rank: 89
JPLD Sharpe Ratio Rank: 90
JPLD Sortino Ratio Rank: 93
JPLD Omega Ratio Rank: 92
JPLD Calmar Ratio Rank: 82
JPLD Martin Ratio Rank: 89

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.

ARCM vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arrow Reserve Capital Management ETF (ARCM) and JPMorgan Limited Duration Bond ETF (JPLD). 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.

	ARCM	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	8.12	2.86	+5.26
Sortino ratio: Return per unit of downside risk	16.80	4.38	+12.42
Omega ratio: Gain probability vs. loss probability	4.22	1.59	+2.63
Calmar ratio: Return relative to maximum drawdown	28.99	4.19	+24.80
Martin ratio: Return relative to average drawdown	229.47	19.07	+210.40

ARCM vs. JPLD - Sharpe Ratio Comparison

The current ARCM Sharpe Ratio is 8.12, which is higher than the JPLD Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of ARCM and JPLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARCM vs. JPLD - Drawdown Comparison

The maximum ARCM drawdown since its inception was -4.08%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for ARCM and JPLD.

Drawdown Indicators

	ARCM	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-4.08%	-1.17%	-2.91%
Max Drawdown (1Y) Largest decline over 1 year	-0.12%	-1.00%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	-3.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-3.46%	—	—
Current Drawdown Current decline from peak	-0.04%	-0.28%	+0.24%
Average Drawdown Average peak-to-trough decline	-0.72%	-0.15%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	0.22%	-0.20%

Volatility

ARCM vs. JPLD - Volatility Comparison

The current volatility for Arrow Reserve Capital Management ETF (ARCM) is 0.11%, while JPMorgan Limited Duration Bond ETF (JPLD) has a volatility of 0.54%. This indicates that ARCM experiences smaller price fluctuations and is considered to be less risky than JPLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARCM	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.11%	0.54%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	0.30%	1.05%	-0.75%
Volatility (1Y) Calculated over the trailing 1-year period	0.45%	1.48%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.02%	1.84%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.13%	1.84%	+1.29%

ARCM vs. JPLD - Expense Ratio Comparison

ARCM has a 0.50% expense ratio, which is higher than JPLD's 0.24% expense ratio.

Dividends

ARCM vs. JPLD - Dividend Comparison

ARCM's dividend yield for the trailing twelve months is around 3.73%, less than JPLD's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARCM Arrow Reserve Capital Management ETF	3.73%	4.13%	4.87%	4.26%	0.90%	0.02%	0.84%	2.32%	1.91%	0.62%
JPLD JPMorgan Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARCM and JPLD in my portfolio?

ARCM and JPLD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARCM or JPLD?

JPLD has higher volatility (0.54%) compared to ARCM (0.11%). In terms of maximum drawdown, ARCM dropped -4.08% vs JPLD's -1.17%.

Which ETF is better, ARCM or JPLD?

On 1-year performance, JPLD leads with 4.19% vs 3.60% for ARCM. On fees, JPLD is cheaper at 0.24% per year. On volatility, ARCM has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARCM or JPLD?

Over the 1-year period, JPLD has performed better with a 4.19% return vs 3.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARCM or JPLD?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.50% for ARCM.

Which ETF pays a higher dividend yield, ARCM or JPLD?

JPLD has the higher dividend yield at 4.21%, compared with 3.73% for ARCM.

What is the main difference between ARCM and JPLD?

ARCM is categorized as Ultrashort Bond, while JPLD is Short-Term Bond. They also come from different issuers: Arrow Funds and JPMorgan. Their fees differ too: 0.50% for ARCM and 0.24% for JPLD.

Which has better risk-adjusted returns?

ARCM currently has the higher Sharpe Ratio (8.12 vs 2.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.