JPEM vs. JPLD

Last updated Jun 24, 2026

JPEM (J.P. Morgan Diversified Return Emerging Markets Equity ETF) and JPLD (JPMorgan Limited Duration Bond ETF) are both exchange-traded funds - JPEM is a Emerging Markets Equities fund tracking the JPMorgan Diversified Factor Emerging Markets Equity Index, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. JPEM is passively managed, while JPLD is actively managed. Over the past year, JPEM returned 19.65% vs 4.19% for JPLD. At a 0.15 correlation, their price movements are largely independent. JPEM charges 0.44%/yr vs 0.24%/yr for JPLD.

Performance

JPEM vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) 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, JPEM achieves a 4.39% return, which is significantly higher than JPLD's 1.08% return.

JPEM

• 1D: -2.89%
• 1M: -1.63%
• YTD: 4.39%
• 6M: 4.70%
• 1Y: 19.65%
• 3Y*: 12.93%
• 5Y*: 5.78%
• 10Y*: 7.89%

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)

JPEM vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	4.39%	22.90%	4.23%	1.45%
JPLD JPMorgan Limited Duration Bond ETF	1.08%	6.01%	6.49%	3.15%

Correlation

The correlation between JPEM and JPLD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023	0.15

Return for Risk

JPEM vs. JPLD — Risk / Return Rank

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

JPEM

JPEM Risk / Return Rank: 43
JPEM Sharpe Ratio Rank: 43
JPEM Sortino Ratio Rank: 41
JPEM Omega Ratio Rank: 45
JPEM Calmar Ratio Rank: 41
JPEM Martin Ratio Rank: 44

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.

JPEM vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) 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.

	JPEM	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	1.44	2.86	-1.42
Sortino ratio: Return per unit of downside risk	1.99	4.38	-2.39
Omega ratio: Gain probability vs. loss probability	1.27	1.59	-0.32
Calmar ratio: Return relative to maximum drawdown	1.91	4.19	-2.28
Martin ratio: Return relative to average drawdown	6.82	19.07	-12.25

JPEM vs. JPLD - Sharpe Ratio Comparison

The current JPEM Sharpe Ratio is 1.44, which is lower than the JPLD Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of JPEM 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

JPEM vs. JPLD - Drawdown Comparison

The maximum JPEM drawdown since its inception was -40.22%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for JPEM and JPLD.

Drawdown Indicators

	JPEM	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-40.22%	-1.17%	-39.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-1.00%	-9.32%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.57%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.22%	—	—
Current Drawdown Current decline from peak	-5.61%	-0.28%	-5.33%
Average Drawdown Average peak-to-trough decline	-9.44%	-0.15%	-9.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	0.22%	+2.67%

Volatility

JPEM vs. JPLD - Volatility Comparison

J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) has a higher volatility of 5.57% compared to JPMorgan Limited Duration Bond ETF (JPLD) at 0.54%. This indicates that JPEM'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

	JPEM	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	0.54%	+5.03%
Volatility (6M) Calculated over the trailing 6-month period	12.20%	1.05%	+11.15%
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	1.48%	+12.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.64%	1.84%	+11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	1.84%	+15.13%

JPEM vs. JPLD - Expense Ratio Comparison

JPEM has a 0.44% expense ratio, which is higher than JPLD's 0.24% expense ratio.

Dividends

JPEM vs. JPLD - Dividend Comparison

JPEM's dividend yield for the trailing twelve months is around 4.52%, more than JPLD's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	4.52%	4.65%	5.12%	4.46%	4.71%	4.40%	2.85%	3.47%	2.79%	2.14%	1.28%	3.22%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPEM and JPLD in my portfolio?

JPEM and JPLD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPEM or JPLD?

JPEM has higher volatility (5.57%) compared to JPLD (0.54%). In terms of maximum drawdown, JPEM dropped -40.22% vs JPLD's -1.17%.

Which ETF is better, JPEM or JPLD?

On 1-year performance, JPEM leads with 19.65% vs 4.19% for JPLD. On fees, JPLD is cheaper at 0.24% per year. On volatility, JPLD has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPEM or JPLD?

Over the 1-year period, JPEM has performed better with a 19.65% return vs 4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPEM or JPLD?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.44% for JPEM.

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

JPEM has the higher dividend yield at 4.52%, compared with 4.21% for JPLD.

What is the main difference between JPEM and JPLD?

JPEM is categorized as Emerging Markets Equities, while JPLD is Short-Term Bond. Their fees differ too: 0.44% for JPEM and 0.24% for JPLD.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (2.86 vs 1.44), 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.