JPLD vs. JMST
Compare and contrast key facts about J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) and JPMorgan Ultra-Short Municipal Income ETF (JMST).
JPLD and JMST 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. JMST is an actively managed fund by JPMorgan Chase. It was launched on Oct 16, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPLD or JMST.
Performance
JPLD vs. JMST - Performance Comparison
Returns By Period
In the year-to-date period, JPLD achieves a 5.72% return, which is significantly higher than JMST's 2.99% return.
JPLD
5.72%
-0.22%
3.60%
7.83%
N/A
N/A
JMST
2.99%
0.25%
1.90%
3.90%
1.83%
N/A
Key characteristics
| JPLD | JMST | |
|---|---|---|
| Sharpe Ratio | 4.16 | 5.10 |
| Sortino Ratio | 7.08 | 9.22 |
| Omega Ratio | 1.93 | 2.28 |
| Calmar Ratio | 11.04 | 23.30 |
| Martin Ratio | 33.57 | 102.15 |
| Ulcer Index | 0.23% | 0.04% |
| Daily Std Dev | 1.88% | 0.77% |
| Max Drawdown | -0.71% | -2.41% |
| Current Drawdown | -0.54% | -0.02% |
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JPLD vs. JMST - Expense Ratio Comparison
JPLD has a 0.24% expense ratio, which is higher than JMST's 0.18% 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%.
Correlation
The correlation between JPLD and JMST is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
JPLD vs. JMST - 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 JPMorgan Ultra-Short Municipal Income ETF (JMST). 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. JMST - Dividend Comparison
JPLD's dividend yield for the trailing twelve months is around 4.47%, more than JMST's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
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% |
JMST JPMorgan Ultra-Short Municipal Income ETF | 3.35% | 3.09% | 1.11% | 0.27% | 0.87% | 1.63% | 0.34% |
Drawdowns
JPLD vs. JMST - Drawdown Comparison
The maximum JPLD drawdown since its inception was -0.71%, smaller than the maximum JMST drawdown of -2.41%. Use the drawdown chart below to compare losses from any high point for JPLD and JMST. For additional features, visit the drawdowns tool.
Volatility
JPLD vs. JMST - Volatility Comparison
J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) has a higher volatility of 0.50% compared to JPMorgan Ultra-Short Municipal Income ETF (JMST) at 0.30%. This indicates that JPLD's price experiences larger fluctuations and is considered to be riskier than JMST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.