FLTB vs. JPLD

Last updated Jun 5, 2026

FLTB (Fidelity Limited Term Bond ETF) and JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, FLTB returned 4.37% vs 4.61% for JPLD. A 0.64 correlation means they provide meaningful diversification when combined. FLTB charges 0.25%/yr vs 0.24%/yr for JPLD.

Performance

FLTB vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Limited Term Bond ETF (FLTB) and J P Morgan Exchange-Traded Fund Trust - 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, FLTB achieves a 0.84% return, which is significantly lower than JPLD's 1.12% return.

FLTB

• 1D: 0.03%
• 1M: 0.30%
• YTD: 0.84%
• 6M: 1.18%
• 1Y: 4.37%
• 3Y*: 5.52%
• 5Y*: 2.26%
• 10Y*: 2.47%

JPLD

• 1D: 0.08%
• 1M: 0.20%
• YTD: 1.12%
• 6M: 1.52%
• 1Y: 4.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLTB vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FLTB Fidelity Limited Term Bond ETF	0.84%	6.60%	5.14%	3.64%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	1.12%	6.01%	6.49%	3.23%

Correlation

The correlation between FLTB and JPLD is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.64

The correlation between FLTB and JPLD has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

FLTB vs. JPLD - Sectors Allocation Comparison

Sectors	FLTB	JPLD
Technology	0.0%	7.4%
Financial Services	0.0%	13.7%
Basic Materials	-	1.4%
Communication Services	-	10.1%
Consumer Cyclical	-	1.6%
Consumer Defensive	-	0.1%
Energy	-	0.1%
Healthcare	-	5.6%
Industrials	-	0.1%
Real Estate	-	7.8%
Utilities	-	0.4%

Return for Risk

FLTB vs. JPLD — Risk / Return Rank

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

FLTB

FLTB Risk / Return Rank: 66
FLTB Sharpe Ratio Rank: 64
FLTB Sortino Ratio Rank: 72
FLTB Omega Ratio Rank: 66
FLTB Calmar Ratio Rank: 60
FLTB Martin Ratio Rank: 68

JPLD

JPLD Risk / Return Rank: 91
JPLD Sharpe Ratio Rank: 91
JPLD Sortino Ratio Rank: 95
JPLD Omega Ratio Rank: 94
JPLD Calmar Ratio Rank: 85
JPLD Martin Ratio Rank: 91

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.

FLTB vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and J P Morgan Exchange-Traded Fund Trust - 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.

	FLTB	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	2.08	3.17	-1.08
Sortino ratio: Return per unit of downside risk	3.20	5.18	-1.97
Omega ratio: Gain probability vs. loss probability	1.39	1.66	-0.27
Calmar ratio: Return relative to maximum drawdown	2.88	4.61	-1.73
Martin ratio: Return relative to average drawdown	12.23	21.36	-9.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLTB vs. JPLD - Sharpe Ratio Comparison

The current FLTB Sharpe Ratio is 2.08, which is lower than the JPLD Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of FLTB 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.

Sharpe Ratios by Period

	FLTB	JPLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	3.17	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	3.26	-2.43

Drawdowns

FLTB vs. JPLD - Drawdown Comparison

The maximum FLTB drawdown since its inception was -9.37%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for FLTB and JPLD.

Drawdown Indicators

	FLTB	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-9.37%	-1.17%	-8.20%
Max Drawdown (1Y) Largest decline over 1 year	-1.52%	-1.00%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-1.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-9.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-9.37%	—	—
Current Drawdown Current decline from peak	-0.26%	-0.04%	-0.22%
Average Drawdown Average peak-to-trough decline	-1.40%	-0.15%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	0.22%	+0.14%

Volatility

FLTB vs. JPLD - Volatility Comparison

Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.62% compared to J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) at 0.37%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than JPLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLTB	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	0.37%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	1.63%	0.97%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	2.13%	1.47%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.80%	1.83%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.94%	1.83%	+1.11%

FLTB vs. JPLD - Expense Ratio Comparison

FLTB has a 0.25% expense ratio, which is higher than JPLD's 0.24% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLTB vs. JPLD - Dividend Comparison

FLTB's dividend yield for the trailing twelve months is around 4.36%, more than JPLD's 4.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTB Fidelity Limited Term Bond ETF	4.36%	4.31%	4.11%	3.20%	1.63%	0.89%	1.56%	2.67%	2.50%	1.78%	1.59%	1.63%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.20%	4.24%	4.47%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLTB and JPLD in my portfolio?

FLTB and JPLD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLTB or JPLD?

FLTB has higher volatility (0.62%) compared to JPLD (0.37%). In terms of maximum drawdown, FLTB dropped -9.37% vs JPLD's -1.17%.

Which ETF is better, FLTB or JPLD?

On 1-year performance, JPLD leads with 4.61% vs 4.37% for FLTB. On fees, JPLD is cheaper at 0.24% per year. On volatility, JPLD has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLTB or JPLD?

Over the 1-year period, JPLD has performed better with a 4.61% return vs 4.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLTB or JPLD?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.25% for FLTB.

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

FLTB has the higher dividend yield at 4.36%, compared with 4.20% for JPLD.

What is the main difference between FLTB and JPLD?

They also come from different issuers: Fidelity and JPMorgan. Their fees differ too: 0.25% for FLTB and 0.24% for JPLD.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (3.17 vs 2.08), 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.