JPLD vs. SHYG
Compare and contrast key facts about J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) and iShares 0-5 Year High Yield Corporate Bond ETF (SHYG).
JPLD and SHYG 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. SHYG is a passively managed fund by iShares that tracks the performance of the Markit iBoxx USD Liquid High Yield 0-5 Index. It was launched on Oct 15, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPLD or SHYG.
Key characteristics
| JPLD | SHYG | |
|---|---|---|
| YTD Return | 5.77% | 8.49% |
| 1Y Return | 8.32% | 13.13% |
| Sharpe Ratio | 4.06 | 3.49 |
| Sortino Ratio | 6.73 | 5.59 |
| Omega Ratio | 1.91 | 1.71 |
| Calmar Ratio | 11.14 | 7.25 |
| Martin Ratio | 36.44 | 30.80 |
| Ulcer Index | 0.22% | 0.41% |
| Daily Std Dev | 1.94% | 3.60% |
| Max Drawdown | -0.71% | -19.27% |
| Current Drawdown | -0.49% | 0.00% |
Correlation
The correlation between JPLD and SHYG is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JPLD vs. SHYG - Performance Comparison
In the year-to-date period, JPLD achieves a 5.77% return, which is significantly lower than SHYG's 8.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JPLD vs. SHYG - Expense Ratio Comparison
JPLD has a 0.24% expense ratio, which is lower than SHYG's 0.30% expense ratio.
Risk-Adjusted Performance
JPLD vs. SHYG - 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 iShares 0-5 Year High Yield Corporate Bond ETF (SHYG). 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. SHYG - Dividend Comparison
JPLD's dividend yield for the trailing twelve months is around 4.47%, less than SHYG's 6.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 6.72% | 6.54% | 5.57% | 4.84% | 5.07% | 5.32% | 5.90% | 5.49% | 5.53% | 5.17% | 4.33% | 0.85% |
Drawdowns
JPLD vs. SHYG - Drawdown Comparison
The maximum JPLD drawdown since its inception was -0.71%, smaller than the maximum SHYG drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for JPLD and SHYG. For additional features, visit the drawdowns tool.
Volatility
JPLD vs. SHYG - Volatility Comparison
The current volatility for J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) is 0.50%, while iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) has a volatility of 0.83%. This indicates that JPLD experiences smaller price fluctuations and is considered to be less risky than SHYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.