JOYT vs. JPLD

Last updated Jun 25, 2026

JOYT (JPMorgan Equity And Options Total Return ETF) and JPLD (JPMorgan Limited Duration Bond ETF) are both exchange-traded funds - JOYT is a Derivative Income fund actively managed by JPMorgan, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. JOYT charges 0.35%/yr vs 0.24%/yr for JPLD.

Performance

JOYT vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity And Options Total Return ETF (JOYT) 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, JOYT achieves a 3.36% return, which is significantly higher than JPLD's 1.15% return.

JOYT

• 1D: -0.42%
• 1M: -0.25%
• YTD: 3.36%
• 6M: 2.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPLD

• 1D: 0.07%
• 1M: 0.38%
• YTD: 1.15%
• 6M: 1.26%
• 1Y: 4.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JOYT vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025
JOYT JPMorgan Equity And Options Total Return ETF	3.36%	9.15%
JPLD JPMorgan Limited Duration Bond ETF	1.15%	2.06%

Correlation

The correlation between JOYT and JPLD is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.09

Return for Risk

JOYT vs. JPLD — Risk / Return Rank

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

JOYT

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

JPLD

JPLD Risk / Return Rank: 91
JPLD Sharpe Ratio Rank: 92
JPLD Sortino Ratio Rank: 94
JPLD Omega Ratio Rank: 93
JPLD Calmar Ratio Rank: 84
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.

JOYT vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity And Options Total Return ETF (JOYT) 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.

	JOYT	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.82	—
Sortino ratio: Return per unit of downside risk	—	4.31	—
Omega ratio: Gain probability vs. loss probability	—	1.58	—
Calmar ratio: Return relative to maximum drawdown	—	4.12	—
Martin ratio: Return relative to average drawdown	—	18.72	—

Drawdowns

JOYT vs. JPLD - Drawdown Comparison

The maximum JOYT drawdown since its inception was -6.99%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for JOYT and JPLD.

Drawdown Indicators

	JOYT	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-6.99%	-1.17%	-5.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.00%	—
Current Drawdown Current decline from peak	-1.88%	-0.21%	-1.67%
Average Drawdown Average peak-to-trough decline	-0.89%	-0.15%	-0.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	JOYT	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.80%	1.47%	+8.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.80%	1.83%	+7.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.80%	1.83%	+7.97%

JOYT vs. JPLD - Expense Ratio Comparison

JOYT has a 0.35% expense ratio, which is higher than JPLD's 0.24% expense ratio.

Dividends

JOYT vs. JPLD - Dividend Comparison

JOYT's dividend yield for the trailing twelve months is around 0.64%, less than JPLD's 4.20% yield.

Position	TTM	2025	2024	2023
JOYT JPMorgan Equity And Options Total Return ETF	0.64%	0.28%	0.00%	0.00%
JPLD JPMorgan Limited Duration Bond ETF	4.20%	4.24%	4.47%	1.83%

Frequently Asked Questions

Can I hold both JOYT and JPLD in my portfolio?

JOYT and JPLD have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JOYT or JPLD?

On fees, JPLD is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JOYT or JPLD?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.35% for JOYT.

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

JPLD has the higher dividend yield at 4.20%, compared with 0.64% for JOYT.

What is the main difference between JOYT and JPLD?

JOYT is categorized as Derivative Income, while JPLD is Short-Term Bond. Their fees differ too: 0.35% for JOYT and 0.24% for JPLD.