JPLD vs. CGSD

Last updated Jun 4, 2026

JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) and CGSD (Capital Group Short Duration Income ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, JPLD returned 4.71% vs 4.30% for CGSD. A 0.59 correlation means they provide meaningful diversification when combined. JPLD charges 0.24%/yr vs 0.25%/yr for CGSD.

Performance

JPLD vs. CGSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) and Capital Group Short Duration Income ETF (CGSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPLD achieves a 1.04% return, which is significantly higher than CGSD's 0.70% return.

JPLD

• 1D: -0.06%
• 1M: 0.19%
• YTD: 1.04%
• 6M: 1.37%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CGSD

• 1D: -0.10%
• 1M: 0.14%
• YTD: 0.70%
• 6M: 1.09%
• 1Y: 4.30%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

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

JPLD vs. CGSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	1.04%	6.01%	6.49%	3.23%
CGSD Capital Group Short Duration Income ETF	0.70%	6.11%	5.46%	3.31%

Correlation

The correlation between JPLD and CGSD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.59

The correlation between JPLD and CGSD has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

Return for Risk

JPLD vs. CGSD — Risk / Return Rank

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

JPLD

JPLD Risk / Return Rank: 91
JPLD Sharpe Ratio Rank: 90
JPLD Sortino Ratio Rank: 95
JPLD Omega Ratio Rank: 94
JPLD Calmar Ratio Rank: 85
JPLD Martin Ratio Rank: 90

CGSD

CGSD Risk / Return Rank: 87
CGSD Sharpe Ratio Rank: 87
CGSD Sortino Ratio Rank: 93
CGSD Omega Ratio Rank: 91
CGSD Calmar Ratio Rank: 77
CGSD Martin Ratio Rank: 86

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.

JPLD vs. CGSD - Risk-Adjusted Trends 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 Capital Group Short Duration Income ETF (CGSD). 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.

	JPLD	CGSD	Difference
Sharpe ratio: Return per unit of total volatility	3.22	2.94	+0.28
Sortino ratio: Return per unit of downside risk	5.29	4.65	+0.63
Omega ratio: Gain probability vs. loss probability	1.68	1.61	+0.07
Calmar ratio: Return relative to maximum drawdown	4.71	3.88	+0.83
Martin ratio: Return relative to average drawdown	21.78	18.36	+3.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPLD vs. CGSD - Sharpe Ratio Comparison

The current JPLD Sharpe Ratio is 3.22, which is comparable to the CGSD Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of JPLD and CGSD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPLD	CGSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.22	2.94	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	3.25	2.41	+0.84

Drawdowns

JPLD vs. CGSD - Drawdown Comparison

The maximum JPLD drawdown since its inception was -1.17%, smaller than the maximum CGSD drawdown of -1.75%. Use the drawdown chart below to compare losses from any high point for JPLD and CGSD.

Drawdown Indicators

	JPLD	CGSD	Difference
Max Drawdown Largest peak-to-trough decline	-1.17%	-1.75%	+0.58%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-1.11%	+0.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.11%	—
Current Drawdown Current decline from peak	-0.12%	-0.14%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.15%	-0.28%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	0.23%	-0.01%

Volatility

JPLD vs. CGSD - Volatility Comparison

The current volatility for J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) is 0.37%, while Capital Group Short Duration Income ETF (CGSD) has a volatility of 0.39%. This indicates that JPLD experiences smaller price fluctuations and is considered to be less risky than CGSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPLD	CGSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	0.39%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	0.97%	1.01%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	1.47%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.83%	2.16%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.83%	2.16%	-0.33%

JPLD vs. CGSD - Expense Ratio Comparison

JPLD has a 0.24% expense ratio, which is lower than CGSD's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JPLD vs. CGSD - Dividend Comparison

JPLD's dividend yield for the trailing twelve months is around 4.21%, less than CGSD's 4.46% yield.

Position	TTM	2025	2024	2023	2022
CGSD Capital Group Short Duration Income ETF	4.46%	4.48%	4.57%	4.43%	0.64%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%	0.00%

Frequently Asked Questions

Can I hold both JPLD and CGSD in my portfolio?

JPLD and CGSD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPLD or CGSD?

CGSD has higher volatility (0.39%) compared to JPLD (0.37%). In terms of maximum drawdown, JPLD dropped -1.17% vs CGSD's -1.75%.

Which ETF is better, JPLD or CGSD?

On 1-year performance, JPLD leads with 4.71% vs 4.30% for CGSD. On fees, JPLD is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPLD or CGSD?

Over the 1-year period, JPLD has performed better with a 4.71% return vs 4.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPLD or CGSD?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.25% for CGSD.

Which ETF pays a higher dividend yield, JPLD or CGSD?

CGSD has the higher dividend yield at 4.46%, compared with 4.21% for JPLD.

What is the main difference between JPLD and CGSD?

They also come from different issuers: JPMorgan and Capital Group. Their fees differ too: 0.24% for JPLD and 0.25% for CGSD.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (3.22 vs 2.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.