JPLD vs. FCPGX

Last updated Jul 21, 2026

JPLD (JPMorgan Limited Duration Bond ETF) and FCPGX (Fidelity Small Cap Growth Fund) are both funds - JPLD is a Short-Term Bond fund actively managed by JPMorgan, while FCPGX is a Small Cap Growth Equities fund managed by Fidelity. Over the past year, JPLD returned 4.20% vs 34.61% for FCPGX. At a 0.13 correlation, their price movements are largely independent. JPLD charges 0.24%/yr vs 0.88%/yr for FCPGX.

Performance

JPLD vs. FCPGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Limited Duration Bond ETF (JPLD) and Fidelity Small Cap Growth Fund (FCPGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPLD achieves a 1.42% return, which is significantly lower than FCPGX's 21.74% return.

JPLD

• 1D: -0.10%
• 1M: 0.37%
• 6M: 1.38%
• YTD: 1.42%
• 1Y: 4.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.76%

FCPGX

• 1D: 0.09%
• 1M: -1.62%
• 6M: 12.89%
• YTD: 21.74%
• 1Y: 34.61%
• 3Y*: 19.05%
• 5Y*: 9.05%
• 10Y*: 14.75%
• ALL TIME*: 12.22%

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

JPLD vs. FCPGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPLD JPMorgan Limited Duration Bond ETF	1.42%	6.01%	6.49%	3.15%
FCPGX Fidelity Small Cap Growth Fund	21.74%	11.20%	20.56%	4.18%

Correlation

The correlation between JPLD and FCPGX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023	0.13

Return for Risk

JPLD vs. FCPGX — Risk / Return Rank

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

JPLD

JPLD Risk / Return Rank: 94
JPLD Sharpe Ratio Rank: 95
JPLD Sortino Ratio Rank: 96
JPLD Omega Ratio Rank: 95
JPLD Calmar Ratio Rank: 91
JPLD Martin Ratio Rank: 94

FCPGX

FCPGX Risk / Return Rank: 52
FCPGX Sharpe Ratio Rank: 45
FCPGX Sortino Ratio Rank: 43
FCPGX Omega Ratio Rank: 39
FCPGX Calmar Ratio Rank: 69
FCPGX Martin Ratio Rank: 68

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. FCPGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Limited Duration Bond ETF (JPLD) and Fidelity Small Cap Growth Fund (FCPGX). 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	FCPGX	Difference
Sharpe ratio: Return per unit of total volatility	2.83	1.52	+1.31
Sortino ratio: Return per unit of downside risk	4.33	2.13	+2.19
Omega ratio: Gain probability vs. loss probability	1.58	1.26	+0.32
Calmar ratio: Return relative to maximum drawdown	4.20	2.60	+1.60
Martin ratio: Return relative to average drawdown	19.22	10.13	+9.09

JPLD vs. FCPGX - Sharpe Ratio Comparison

The current JPLD Sharpe Ratio is 2.83, which is higher than the FCPGX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of JPLD and FCPGX, 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. FCPGX - Drawdown Comparison

The maximum JPLD drawdown since its inception was -1.17%, smaller than the maximum FCPGX drawdown of -59.11%. Use the drawdown chart below to compare losses from any high point for JPLD and FCPGX.

Drawdown Indicators

	JPLD	FCPGX	Difference
Max Drawdown Largest peak-to-trough decline	-1.17%	-59.11%	+57.94%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-13.12%	+12.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.04%	—
Current Drawdown Current decline from peak	-0.10%	-4.62%	+4.52%
Average Drawdown Average peak-to-trough decline	-0.15%	-10.65%	+10.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	3.35%	-3.13%

Volatility

JPLD vs. FCPGX - Volatility Comparison

The current volatility for JPMorgan Limited Duration Bond ETF (JPLD) is 0.41%, while Fidelity Small Cap Growth Fund (FCPGX) has a volatility of 5.57%. This indicates that JPLD experiences smaller price fluctuations and is considered to be less risky than FCPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPLD	FCPGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.41%	5.57%	-5.16%
Volatility (6M) Calculated over the trailing 6-month period	1.10%	17.56%	-16.46%
Volatility (1Y) Calculated over the trailing 1-year period	1.49%	22.37%	-20.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.83%	23.70%	-21.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.83%	22.90%	-21.07%

JPLD vs. FCPGX - Expense Ratio Comparison

JPLD has a 0.24% expense ratio, which is lower than FCPGX's 0.88% expense ratio.

Dividends

JPLD vs. FCPGX - Dividend Comparison

JPLD's dividend yield for the trailing twelve months is around 4.27%, less than FCPGX's 5.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCPGX Fidelity Small Cap Growth Fund	5.24%	6.38%	1.37%	0.00%	0.00%	19.27%	8.19%	5.31%	14.35%	6.88%	1.53%	4.32%
JPLD JPMorgan Limited Duration Bond ETF	4.27%	4.24%	4.47%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPLD and FCPGX in my portfolio?

JPLD and FCPGX have a correlation of 0.13, 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 FCPGX?

FCPGX has higher volatility (5.57%) compared to JPLD (0.41%). In terms of maximum drawdown, JPLD dropped -1.17% vs FCPGX's -59.11%.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (2.83 vs 1.52), 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.