JPLD vs. SPMD
JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both exchange-traded funds - JPLD is a Short-Term Bond fund actively managed by JPMorgan, while SPMD is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index. JPLD is actively managed, while SPMD is passively managed. Over the past year, JPLD returned 4.65% vs 28.46% for SPMD. At a 0.13 correlation, their price movements are largely independent. JPLD charges 0.24%/yr vs 0.05%/yr for SPMD.
Performance
JPLD vs. SPMD - Performance Comparison
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Returns By Period
In the year-to-date period, JPLD achieves a 1.25% return, which is significantly lower than SPMD's 15.96% return.
JPLD
- 1D
- 0.06%
- 1M
- 0.39%
- YTD
- 1.25%
- 6M
- 1.51%
- 1Y
- 4.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPMD
- 1D
- 0.39%
- 1M
- 5.72%
- YTD
- 15.96%
- 6M
- 14.71%
- 1Y
- 28.46%
- 3Y*
- 15.58%
- 5Y*
- 8.72%
- 10Y*
- 11.85%
JPLD vs. SPMD - 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% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 15.96% | 7.44% | 13.91% | 3.18% |
Correlation
The correlation between JPLD and SPMD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023 | 0.13 |
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Return for Risk
JPLD vs. SPMD — Risk / Return Rank
JPLD
SPMD
JPLD vs. SPMD - 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 SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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 | SPMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.32 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 3.23 | +1.42 |
| Martin ratioReturn relative to average drawdown | 21.55 | 11.84 | +9.71 |
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Drawdowns
JPLD vs. SPMD - Drawdown Comparison
The maximum JPLD drawdown since its inception was -1.17%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for JPLD and SPMD.
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Drawdown Indicators
| JPLD | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.17% | -57.62% | +56.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.00% | -8.86% | +7.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.86% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -8.11% | +7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 2.41% | -2.19% |
Volatility
JPLD vs. SPMD - Volatility Comparison
The current volatility for J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) is 0.38%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 5.07%. This indicates that JPLD experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPLD | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 5.07% | -4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 11.74% | -10.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 15.86% | -14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.83% | 19.75% | -17.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.83% | 21.20% | -19.37% |
JPLD vs. SPMD - Expense Ratio Comparison
JPLD has a 0.24% expense ratio, which is higher than SPMD's 0.05% 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%.
Dividends
JPLD vs. SPMD - Dividend Comparison
JPLD's dividend yield for the trailing twelve months is around 4.20%, more than SPMD's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.21% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Frequently Asked Questions
JPLD and SPMD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMD has higher volatility (5.07%) compared to JPLD (0.38%). In terms of maximum drawdown, JPLD dropped -1.17% vs SPMD's -57.62%.
On 1-year performance, SPMD leads with 28.46% vs 4.65% for JPLD. On fees, SPMD is cheaper at 0.05% per year. On volatility, JPLD has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPMD has performed better with a 28.46% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMD is cheaper with a 0.05% expense ratio, compared with 0.24% for JPLD.
JPLD has the higher dividend yield at 4.20%, compared with 1.21% for SPMD.
JPLD is categorized as Short-Term Bond, while SPMD is Mid Cap Blend Equities. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.24% for JPLD and 0.05% for SPMD.
JPLD currently has the higher Sharpe Ratio (3.25 vs 1.81), 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.
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