JPLD vs. JCPB

Last updated Jun 4, 2026

JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) and JCPB (JPMorgan Core Plus Bond ETF) are both exchange-traded funds - JPLD is a Short-Term Bond fund actively managed by JPMorgan, while JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, JPLD returned 4.71% vs 6.11% for JCPB. A 0.71 correlation means they provide meaningful diversification when combined. JPLD charges 0.24%/yr vs 0.38%/yr for JCPB.

Performance

JPLD vs. JCPB - 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 JPMorgan Core Plus Bond ETF (JCPB). 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 JCPB's 0.58% return.

JPLD

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

JCPB

• 1D: -0.17%
• 1M: 0.36%
• YTD: 0.58%
• 6M: 0.54%
• 1Y: 6.11%
• 3Y*: 5.02%
• 5Y*: 1.11%
• 10Y*: —

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

JPLD vs. JCPB - 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%
JCPB JPMorgan Core Plus Bond ETF	0.58%	7.98%	2.96%	3.89%

Correlation

The correlation between JPLD and JCPB is 0.67, 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	0.67
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.71

The correlation between JPLD and JCPB has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

JPLD vs. JCPB - Sectors Allocation Comparison

Sectors	JPLD	JCPB
Financial Services	13.7%	13.9%
Communication Services	10.1%	16.3%
Real Estate	7.8%	4.6%
Technology	7.4%	9.1%
Healthcare	5.6%	3.9%
Consumer Cyclical	1.6%	1.4%
Basic Materials	1.4%	0.4%
Utilities	0.4%	1.9%
Energy	0.1%	1.6%
Industrials	0.1%	0.6%
Consumer Defensive	0.1%	0.5%

Return for Risk

JPLD vs. JCPB — 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

JCPB

JCPB Risk / Return Rank: 45
JCPB Sharpe Ratio Rank: 46
JCPB Sortino Ratio Rank: 49
JCPB Omega Ratio Rank: 45
JCPB Calmar Ratio Rank: 45
JCPB Martin Ratio Rank: 42

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. JCPB - 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 JPMorgan Core Plus Bond ETF (JCPB). 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	JCPB	Difference
Sharpe ratio: Return per unit of total volatility	3.22	1.63	+1.59
Sortino ratio: Return per unit of downside risk	5.29	2.42	+2.87
Omega ratio: Gain probability vs. loss probability	1.68	1.29	+0.38
Calmar ratio: Return relative to maximum drawdown	4.71	2.26	+2.45
Martin ratio: Return relative to average drawdown	21.78	6.88	+14.91
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. JCPB - Sharpe Ratio Comparison

The current JPLD Sharpe Ratio is 3.22, which is higher than the JCPB Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of JPLD and JCPB, 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	JCPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.22	1.63	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.25	0.55	+2.70

Drawdowns

JPLD vs. JCPB - Drawdown Comparison

The maximum JPLD drawdown since its inception was -1.17%, smaller than the maximum JCPB drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for JPLD and JCPB.

Drawdown Indicators

	JPLD	JCPB	Difference
Max Drawdown Largest peak-to-trough decline	-1.17%	-16.67%	+15.50%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-2.71%	+1.71%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.67%	—
Current Drawdown Current decline from peak	-0.12%	-1.48%	+1.36%
Average Drawdown Average peak-to-trough decline	-0.15%	-4.26%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	0.89%	-0.67%

Volatility

JPLD vs. JCPB - Volatility Comparison

The current volatility for J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) is 0.37%, while JPMorgan Core Plus Bond ETF (JCPB) has a volatility of 1.26%. This indicates that JPLD experiences smaller price fluctuations and is considered to be less risky than JCPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPLD	JCPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	1.26%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	0.97%	2.72%	-1.75%
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	3.77%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.83%	5.38%	-3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.83%	5.05%	-3.22%

JPLD vs. JCPB - Expense Ratio Comparison

JPLD has a 0.24% expense ratio, which is lower than JCPB's 0.38% expense ratio.

Dividends

JPLD vs. JCPB - Dividend Comparison

JPLD's dividend yield for the trailing twelve months is around 4.21%, less than JCPB's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JCPB JPMorgan Core Plus Bond ETF	4.93%	4.90%	5.16%	4.32%	3.01%	2.19%	2.97%	3.01%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPLD and JCPB in my portfolio?

JPLD and JCPB have a correlation of 0.67, 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 JCPB?

JCPB has higher volatility (1.26%) compared to JPLD (0.37%). In terms of maximum drawdown, JPLD dropped -1.17% vs JCPB's -16.67%.

Which ETF is better, JPLD or JCPB?

On 1-year performance, JCPB leads with 6.11% vs 4.71% for JPLD. On fees, JPLD is cheaper at 0.24% per year. On volatility, JPLD has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPLD or JCPB?

Over the 1-year period, JCPB has performed better with a 6.11% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPLD or JCPB?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.38% for JCPB.

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

JCPB has the higher dividend yield at 4.93%, compared with 4.21% for JPLD.

What is the main difference between JPLD and JCPB?

JPLD is categorized as Short-Term Bond, while JCPB is Intermediate Core-Plus Bond. Their fees differ too: 0.24% for JPLD and 0.38% for JCPB.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (3.22 vs 1.63), 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.