JPLD vs. BND
Compare and contrast key facts about J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) and Vanguard Total Bond Market ETF (BND).
JPLD and BND 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. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPLD or BND.
Key characteristics
| JPLD | BND | |
|---|---|---|
| YTD Return | 5.75% | 1.59% |
| 1Y Return | 8.27% | 7.87% |
| Sharpe Ratio | 4.38 | 1.34 |
| Sortino Ratio | 7.56 | 1.98 |
| Omega Ratio | 2.00 | 1.24 |
| Calmar Ratio | 11.73 | 0.50 |
| Martin Ratio | 37.92 | 4.75 |
| Ulcer Index | 0.22% | 1.65% |
| Daily Std Dev | 1.90% | 5.84% |
| Max Drawdown | -0.71% | -18.84% |
| Current Drawdown | -0.51% | -9.17% |
Correlation
The correlation between JPLD and BND is 0.76, 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. BND - Performance Comparison
In the year-to-date period, JPLD achieves a 5.75% return, which is significantly higher than BND's 1.59% 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. BND - Expense Ratio Comparison
JPLD has a 0.24% expense ratio, which is higher than BND's 0.03% 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. BND - 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 Vanguard Total Bond Market ETF (BND). 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. BND - Dividend Comparison
JPLD's dividend yield for the trailing twelve months is around 4.47%, more than BND's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF | 4.47% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.58% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
JPLD vs. BND - Drawdown Comparison
The maximum JPLD drawdown since its inception was -0.71%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for JPLD and BND. For additional features, visit the drawdowns tool.
Volatility
JPLD vs. BND - Volatility Comparison
The current volatility for J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) is 0.49%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.77%. This indicates that JPLD experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.