JPLD vs. BBSA
Compare and contrast key facts about J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA).
JPLD and BBSA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPLD is an actively managed fund by JPMorgan. It was launched on Feb 2, 1993. BBSA is a passively managed fund by JPMorgan Chase that tracks the performance of the Bloomberg Barclays Short-Term US Aggregate Bond Index. It was launched on Mar 12, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPLD or BBSA.
Key characteristics
| JPLD | BBSA | |
|---|---|---|
| YTD Return | 5.75% | 3.82% |
| 1Y Return | 8.27% | 6.94% |
| Sharpe Ratio | 4.38 | 2.73 |
| Sortino Ratio | 7.56 | 4.30 |
| Omega Ratio | 2.00 | 1.56 |
| Calmar Ratio | 11.73 | 1.30 |
| Martin Ratio | 37.92 | 15.00 |
| Ulcer Index | 0.22% | 0.51% |
| Daily Std Dev | 1.90% | 2.82% |
| Max Drawdown | -0.71% | -9.03% |
| Current Drawdown | -0.51% | -0.84% |
Correlation
The correlation between JPLD and BBSA is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JPLD vs. BBSA - Performance Comparison
In the year-to-date period, JPLD achieves a 5.75% return, which is significantly higher than BBSA's 3.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JPLD vs. BBSA - Expense Ratio Comparison
JPLD has a 0.24% expense ratio, which is higher than BBSA's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
JPLD vs. BBSA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) and JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA). 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.
Dividends
JPLD vs. BBSA - Dividend Comparison
JPLD's dividend yield for the trailing twelve months is around 4.47%, more than BBSA's 3.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF | 4.47% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% |
BBSA JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF | 3.46% | 2.93% | 1.57% | 1.67% | 2.24% | 2.02% |
Drawdowns
JPLD vs. BBSA - Drawdown Comparison
The maximum JPLD drawdown since its inception was -0.71%, smaller than the maximum BBSA drawdown of -9.03%. Use the drawdown chart below to compare losses from any high point for JPLD and BBSA. For additional features, visit the drawdowns tool.
Volatility
JPLD vs. BBSA - Volatility Comparison
J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) has a higher volatility of 0.50% compared to JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA) at 0.16%. This indicates that JPLD's price experiences larger fluctuations and is considered to be riskier than BBSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.