JPFP vs. CBL

Last updated Jul 17, 2026

JPFP (JPMorgan Managed Futures Plus ETF) is Systematic Trend fund actively managed by JPMorgan, while CBL (CBL & Associates Properties, Inc.) is a stock. At a correlation of -0.25, they often move in opposite directions.

Performance

JPFP vs. CBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Futures Plus ETF (JPFP) and CBL & Associates Properties, Inc. (CBL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JPFP

• 1D: -1.01%
• 1M: -1.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBL

• 1D: 2.15%
• 1M: 12.63%
• 6M: 50.24%
• YTD: 50.81%
• 1Y: 117.60%
• 3Y*: 43.94%
• 5Y*: —
• 10Y*: —

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

JPFP vs. CBL - Yearly Performance Comparison

	2026 (YTD)
JPFP JPMorgan Managed Futures Plus ETF	-1.76%
CBL CBL & Associates Properties, Inc.	14.85%

Correlation

The correlation between JPFP and CBL is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.25

Return for Risk

JPFP vs. CBL — Risk / Return Rank

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

JPFP

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

CBL

CBL Risk / Return Rank: 98
CBL Sharpe Ratio Rank: 99
CBL Sortino Ratio Rank: 98
CBL Omega Ratio Rank: 98
CBL Calmar Ratio Rank: 98
CBL Martin Ratio Rank: 99

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.

JPFP vs. CBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Futures Plus ETF (JPFP) and CBL & Associates Properties, Inc. (CBL). 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.

	JPFP	CBL	Difference
Sharpe ratio: Return per unit of total volatility	—	4.24	—
Sortino ratio: Return per unit of downside risk	—	5.05	—
Omega ratio: Gain probability vs. loss probability	—	1.64	—
Calmar ratio: Return relative to maximum drawdown	—	9.55	—
Martin ratio: Return relative to average drawdown	—	31.17	—

Drawdowns

JPFP vs. CBL - Drawdown Comparison

The maximum JPFP drawdown since its inception was -6.04%, smaller than the maximum CBL drawdown of -34.02%. Use the drawdown chart below to compare losses from any high point for JPFP and CBL.

Drawdown Indicators

	JPFP	CBL	Difference
Max Drawdown Largest peak-to-trough decline	-6.04%	-34.02%	+27.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.14%	—
Current Drawdown Current decline from peak	-3.54%	-1.92%	-1.62%
Average Drawdown Average peak-to-trough decline	-3.15%	-12.23%	+9.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.77%	—

Volatility

Volatility by Period

	JPFP	CBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.27%	27.71%	-8.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.27%	32.38%	-13.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.27%	32.38%	-13.11%

Dividends

JPFP vs. CBL - Dividend Comparison

JPFP has not paid dividends to shareholders, while CBL's dividend yield for the trailing twelve months is around 3.97%.

Position	TTM	2025	2024	2023	2022
CBL CBL & Associates Properties, Inc.	3.97%	6.76%	5.44%	6.14%	12.78%
JPFP JPMorgan Managed Futures Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPFP and CBL in my portfolio?

JPFP and CBL have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.