JPFP vs. SDMF

Last updated Jul 14, 2026

JPFP (JPMorgan Managed Futures Plus ETF) and SDMF (Simplify DBi CTA Managed Futures Index ETF) are both Systematic Trend funds. JPFP is actively managed, while SDMF is passively managed. At a 0.46 correlation, their price movements are largely independent. JPFP charges 0.59%/yr vs 0.35%/yr for SDMF.

Performance

JPFP vs. SDMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Futures Plus ETF (JPFP) and Simplify DBi CTA Managed Futures Index ETF (SDMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JPFP

• 1D: -0.73%
• 1M: 0.40%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDMF

• 1D: 0.28%
• 1M: 0.86%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPFP vs. SDMF - Yearly Performance Comparison

	2026 (YTD)
JPFP JPMorgan Managed Futures Plus ETF	-1.44%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.34%

Correlation

The correlation between JPFP and SDMF is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.46

Return for Risk

JPFP vs. SDMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Futures Plus ETF (JPFP) and Simplify DBi CTA Managed Futures Index ETF (SDMF). 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.

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

Drawdowns

JPFP vs. SDMF - Drawdown Comparison

The maximum JPFP drawdown since its inception was -6.04%, roughly equal to the maximum SDMF drawdown of -6.23%. Use the drawdown chart below to compare losses from any high point for JPFP and SDMF.

Drawdown Indicators

	JPFP	SDMF	Difference
Max Drawdown Largest peak-to-trough decline	-6.04%	-6.23%	+0.19%
Current Drawdown Current decline from peak	-3.23%	-1.04%	-2.19%
Average Drawdown Average peak-to-trough decline	-3.18%	-2.18%	-1.00%

Volatility

Volatility by Period

	JPFP	SDMF	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.92%	12.82%	+7.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.92%	12.82%	+7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	12.82%	+7.10%

JPFP vs. SDMF - Expense Ratio Comparison

JPFP has a 0.59% expense ratio, which is higher than SDMF's 0.35% expense ratio.

Dividends

JPFP vs. SDMF - Dividend Comparison

JPFP has not paid dividends to shareholders, while SDMF's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM
JPFP JPMorgan Managed Futures Plus ETF	0.00%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.39%

Frequently Asked Questions

Can I hold both JPFP and SDMF in my portfolio?

JPFP and SDMF have a correlation of 0.46, 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 SDMF?

On fees, SDMF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPFP or SDMF?

SDMF is cheaper with a 0.35% expense ratio, compared with 0.59% for JPFP.

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

SDMF has the higher dividend yield at 0.39%, compared with 0.00% for JPFP.

What is the main difference between JPFP and SDMF?

They also come from different issuers: JPMorgan and Simplify. Their fees differ too: 0.59% for JPFP and 0.35% for SDMF.