JMEE vs. JPLD

Last updated Jun 4, 2026

JMEE (JPMorgan Small & Mid Cap Enhanced Equity ETF) and JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) are both exchange-traded funds - JMEE is a Small Cap Blend Equities fund actively managed by JPMorgan, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, JMEE returned 31.14% vs 4.71% for JPLD. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.24% expense ratio.

Performance

JMEE vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) 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, JMEE achieves a 16.40% return, which is significantly higher than JPLD's 1.04% return.

JMEE

• 1D: -0.27%
• 1M: 3.29%
• YTD: 16.40%
• 6M: 16.48%
• 1Y: 31.14%
• 3Y*: 17.37%
• 5Y*: —
• 10Y*: —

JPLD

• 1D: -0.06%
• 1M: 0.19%
• YTD: 1.04%
• 6M: 1.37%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JMEE vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF	16.40%	7.65%	13.65%	3.66%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	1.04%	6.01%	6.49%	3.23%

Correlation

The correlation between JMEE and JPLD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.13

JMEE vs. JPLD - Sectors Allocation Comparison

Sectors	JMEE	JPLD
Industrials	21.3%	0.1%
Financial Services	15.9%	13.7%
Technology	15.8%	7.4%
Consumer Cyclical	12.1%	1.6%
Healthcare	8.8%	5.6%
Real Estate	8.1%	7.8%
Energy	5.5%	0.1%
Basic Materials	4.8%	1.4%
Consumer Defensive	3.9%	0.1%
Utilities	2.2%	0.4%
Communication Services	1.7%	10.1%

Return for Risk

JMEE vs. JPLD — Risk / Return Rank

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

JMEE

JMEE Risk / Return Rank: 64
JMEE Sharpe Ratio Rank: 58
JMEE Sortino Ratio Rank: 60
JMEE Omega Ratio Rank: 56
JMEE Calmar Ratio Rank: 75
JMEE Martin Ratio Rank: 72

JPLD

JPLD Risk / Return Rank: 91
JPLD Sharpe Ratio Rank: 90
JPLD Sortino Ratio Rank: 95
JPLD Omega Ratio Rank: 94
JPLD Calmar Ratio Rank: 85
JPLD Martin Ratio Rank: 90

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.

JMEE vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) 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.

	JMEE	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	1.97	3.22	-1.25
Sortino ratio: Return per unit of downside risk	2.83	5.29	-2.46
Omega ratio: Gain probability vs. loss probability	1.35	1.68	-0.33
Calmar ratio: Return relative to maximum drawdown	3.80	4.71	-0.91
Martin ratio: Return relative to average drawdown	13.32	21.78	-8.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMEE vs. JPLD - Sharpe Ratio Comparison

The current JMEE Sharpe Ratio is 1.97, which is lower than the JPLD Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of JMEE 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

	JMEE	JPLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	3.22	-1.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	3.25	-2.53

Drawdowns

JMEE vs. JPLD - Drawdown Comparison

The maximum JMEE drawdown since its inception was -25.40%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for JMEE and JPLD.

Drawdown Indicators

	JMEE	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-25.40%	-1.17%	-24.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-1.00%	-7.24%
Max Drawdown (3Y) Largest decline over 3 years	-25.40%	—	—
Current Drawdown Current decline from peak	-0.27%	-0.12%	-0.15%
Average Drawdown Average peak-to-trough decline	-5.39%	-0.15%	-5.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	0.22%	+2.12%

Volatility

JMEE vs. JPLD - Volatility Comparison

JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) has a higher volatility of 4.45% compared to J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) at 0.37%. This indicates that JMEE'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

	JMEE	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	0.37%	+4.08%
Volatility (6M) Calculated over the trailing 6-month period	11.26%	0.97%	+10.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	1.47%	+14.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.50%	1.83%	+17.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	1.83%	+17.67%

JMEE vs. JPLD - Expense Ratio Comparison

Both JMEE and JPLD have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JMEE vs. JPLD - Dividend Comparison

JMEE's dividend yield for the trailing twelve months is around 0.97%, less than JPLD's 4.21% yield.

Position	TTM	2025	2024	2023	2022
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF	0.97%	1.13%	0.95%	1.25%	6.63%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%	0.00%

Frequently Asked Questions

Can I hold both JMEE and JPLD in my portfolio?

JMEE and JPLD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMEE or JPLD?

JMEE has higher volatility (4.45%) compared to JPLD (0.37%). In terms of maximum drawdown, JMEE dropped -25.40% vs JPLD's -1.17%.

Which ETF is better, JMEE or JPLD?

On 1-year performance, JMEE leads with 31.14% vs 4.71% for JPLD. Both ETFs have the same 0.24% expense ratio. 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, JMEE or JPLD?

Over the 1-year period, JMEE has performed better with a 31.14% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMEE or JPLD?

JMEE and JPLD have the same expense ratio: 0.24% per year.

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

JPLD has the higher dividend yield at 4.21%, compared with 0.97% for JMEE.

What is the main difference between JMEE and JPLD?

JMEE is categorized as Small Cap Blend Equities, while JPLD is Short-Term Bond.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (3.22 vs 1.97), 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.