JPFP vs. GXDW

Last updated Jun 4, 2026

JPFP (JPMorgan Managed Futures Plus ETF) and GXDW (Global X Dorsey Wright Thematic ETF) are both Systematic Trend funds. JPFP is actively managed, while GXDW is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. JPFP charges 0.59%/yr vs 0.50%/yr for GXDW.

Performance

JPFP vs. GXDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Futures Plus ETF (JPFP) and Global X Dorsey Wright Thematic ETF (GXDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JPFP

• 1D: -0.76%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXDW

• 1D: -2.35%
• 1M: 8.75%
• YTD: 25.21%
• 6M: 20.12%
• 1Y: 22.25%
• 3Y*: 6.51%
• 5Y*: -7.87%
• 10Y*: —

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

JPFP vs. GXDW - Yearly Performance Comparison

	2026 (YTD)
JPFP JPMorgan Managed Futures Plus ETF	1.07%
GXDW Global X Dorsey Wright Thematic ETF	-2.06%

Correlation

The correlation between JPFP and GXDW is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

Return for Risk

JPFP vs. GXDW — Risk / Return Rank

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

GXDW

GXDW Risk / Return Rank: 23
GXDW Sharpe Ratio Rank: 25
GXDW Sortino Ratio Rank: 25
GXDW Omega Ratio Rank: 25
GXDW Calmar Ratio Rank: 21
GXDW Martin Ratio Rank: 19

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. GXDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Futures Plus ETF (JPFP) and Global X Dorsey Wright Thematic ETF (GXDW). 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.

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

Sharpe Ratios by Period

	JPFP	GXDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.88	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.75	0.12	+9.63

Drawdowns

JPFP vs. GXDW - Drawdown Comparison

The maximum JPFP drawdown since its inception was -0.76%, smaller than the maximum GXDW drawdown of -67.81%. Use the drawdown chart below to compare losses from any high point for JPFP and GXDW.

Drawdown Indicators

	JPFP	GXDW	Difference
Max Drawdown Largest peak-to-trough decline	-0.76%	-67.81%	+67.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-61.17%	—
Current Drawdown Current decline from peak	-0.76%	-50.50%	+49.74%
Average Drawdown Average peak-to-trough decline	-0.19%	-43.09%	+42.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.35%	—

Volatility

Volatility by Period

	JPFP	GXDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	25.52%	-14.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	27.63%	-16.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	29.59%	-18.20%

JPFP vs. GXDW - Expense Ratio Comparison

JPFP has a 0.59% expense ratio, which is higher than GXDW's 0.50% expense ratio.

Dividends

JPFP vs. GXDW - Dividend Comparison

JPFP has not paid dividends to shareholders, while GXDW's dividend yield for the trailing twelve months is around 1.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GXDW Global X Dorsey Wright Thematic ETF	1.12%	1.40%	1.08%	1.99%	1.48%	1.56%	0.48%	0.31%
JPFP JPMorgan Managed Futures Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPFP and GXDW in my portfolio?

JPFP and GXDW have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPFP or GXDW?

On fees, GXDW is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPFP or GXDW?

GXDW is cheaper with a 0.50% expense ratio, compared with 0.59% for JPFP.

Which ETF pays a higher dividend yield, JPFP or GXDW?

GXDW has the higher dividend yield at 1.12%, compared with 0.00% for JPFP.

What is the main difference between JPFP and GXDW?

They also come from different issuers: JPMorgan and Global X. Their fees differ too: 0.59% for JPFP and 0.50% for GXDW.