JPLD vs. EMNT

Last updated Jun 16, 2026

JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) and EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) are both exchange-traded funds - JPLD is a Short-Term Bond fund actively managed by JPMorgan, while EMNT is a Ultrashort Bond fund actively managed by PIMCO. Both are actively managed. Over the past year, JPLD returned 4.65% vs 4.39% for EMNT. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.24% expense ratio.

Performance

JPLD vs. EMNT - 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 PIMCO Enhanced Short Maturity Active ESG ETF (EMNT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPLD achieves a 1.25% return, which is significantly lower than EMNT's 1.80% return.

JPLD

• 1D: 0.06%
• 1M: 0.39%
• YTD: 1.25%
• 6M: 1.51%
• 1Y: 4.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMNT

• 1D: 0.03%
• 1M: 0.34%
• YTD: 1.80%
• 6M: 1.99%
• 1Y: 4.39%
• 3Y*: 5.23%
• 5Y*: 3.47%
• 10Y*: —

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

JPLD vs. EMNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	1.25%	6.01%	6.49%	3.15%
EMNT PIMCO Enhanced Short Maturity Active ESG ETF	1.80%	4.74%	5.79%	2.58%

Correlation

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

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023	0.26

The correlation between JPLD and EMNT shifts across timeframes, from 0.26 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JPLD vs. EMNT — Risk / Return Rank

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

JPLD

JPLD Risk / Return Rank: 93
JPLD Sharpe Ratio Rank: 94
JPLD Sortino Ratio Rank: 96
JPLD Omega Ratio Rank: 95
JPLD Calmar Ratio Rank: 88
JPLD Martin Ratio Rank: 93

EMNT

EMNT Risk / Return Rank: 99
EMNT Sharpe Ratio Rank: 99
EMNT Sortino Ratio Rank: 99
EMNT Omega Ratio Rank: 99
EMNT Calmar Ratio Rank: 99
EMNT Martin Ratio Rank: 99

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. EMNT - 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 PIMCO Enhanced Short Maturity Active ESG ETF (EMNT). 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.

	JPLD	EMNT	Difference
Sharpe ratio: Return per unit of total volatility	3.25	10.65	-7.39
Sortino ratio: Return per unit of downside risk	5.25	21.01	-15.77
Omega ratio: Gain probability vs. loss probability	1.68	5.52	-3.85
Calmar ratio: Return relative to maximum drawdown	4.65	33.57	-28.92
Martin ratio: Return relative to average drawdown	21.55	235.04	-213.49

JPLD vs. EMNT - Sharpe Ratio Comparison

The current JPLD Sharpe Ratio is 3.25, which is lower than the EMNT Sharpe Ratio of 10.65. The chart below compares the historical Sharpe Ratios of JPLD and EMNT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPLD vs. EMNT - Drawdown Comparison

The maximum JPLD drawdown since its inception was -1.17%, smaller than the maximum EMNT drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for JPLD and EMNT.

Drawdown Indicators

	JPLD	EMNT	Difference
Max Drawdown Largest peak-to-trough decline	-1.17%	-2.28%	+1.11%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-0.13%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-1.70%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.15%	-0.23%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	0.02%	+0.20%

Volatility

JPLD vs. EMNT - Volatility Comparison

J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) has a higher volatility of 0.38% compared to PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) at 0.12%. This indicates that JPLD's price experiences larger fluctuations and is considered to be riskier than EMNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPLD	EMNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.38%	0.12%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	0.97%	0.35%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	1.44%	0.42%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.83%	0.83%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.83%	0.86%	+0.97%

JPLD vs. EMNT - Expense Ratio Comparison

Both JPLD and EMNT have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JPLD vs. EMNT - Dividend Comparison

JPLD's dividend yield for the trailing twelve months is around 4.20%, more than EMNT's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EMNT PIMCO Enhanced Short Maturity Active ESG ETF	4.00%	4.46%	5.14%	4.62%	2.79%	0.66%	1.44%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.20%	4.24%	4.47%	1.83%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPLD and EMNT in my portfolio?

JPLD and EMNT 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 is riskier, JPLD or EMNT?

JPLD has higher volatility (0.38%) compared to EMNT (0.12%). In terms of maximum drawdown, JPLD dropped -1.17% vs EMNT's -2.28%.

Which ETF is better, JPLD or EMNT?

On 1-year performance, JPLD leads with 4.65% vs 4.39% for EMNT. Both ETFs have the same 0.24% expense ratio. On volatility, EMNT has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPLD or EMNT?

Over the 1-year period, JPLD has performed better with a 4.65% return vs 4.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPLD or EMNT?

JPLD and EMNT have the same expense ratio: 0.24% per year.

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

JPLD has the higher dividend yield at 4.20%, compared with 4.00% for EMNT.

What is the main difference between JPLD and EMNT?

JPLD is categorized as Short-Term Bond, while EMNT is Ultrashort Bond. They also come from different issuers: JPMorgan and PIMCO.

Which has better risk-adjusted returns?

EMNT currently has the higher Sharpe Ratio (10.65 vs 3.25), 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.