JPLD vs. TBUX

Last updated Jun 4, 2026

JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) and TBUX (T. Rowe Price Ultra Short-Term Bond ETF) are both exchange-traded funds - JPLD is a Short-Term Bond fund actively managed by JPMorgan, while TBUX is a Ultrashort Bond fund actively managed by T. Rowe Price. Both are actively managed. Over the past year, JPLD returned 4.71% vs 4.77% for TBUX. At a 0.40 correlation, their price movements are largely independent. JPLD charges 0.24%/yr vs 0.17%/yr for TBUX.

Performance

JPLD vs. TBUX - 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 T. Rowe Price Ultra Short-Term Bond ETF (TBUX). 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 lower than TBUX's 1.65% return.

JPLD

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

TBUX

• 1D: -0.04%
• 1M: 0.41%
• YTD: 1.65%
• 6M: 2.09%
• 1Y: 4.77%
• 3Y*: 5.85%
• 5Y*: —
• 10Y*: —

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

JPLD vs. TBUX - 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%
TBUX T. Rowe Price Ultra Short-Term Bond ETF	1.65%	5.37%	6.38%	3.02%

Correlation

The correlation between JPLD and TBUX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.40

JPLD vs. TBUX - Sectors Allocation Comparison

Sectors	JPLD	TBUX
Financial Services	13.7%	0.5%
Communication Services	10.1%	15.2%
Real Estate	7.8%	0.2%
Technology	7.4%	52.7%
Healthcare	5.6%	5.0%
Consumer Cyclical	1.6%	14.3%
Basic Materials	1.4%	1.3%
Utilities	0.4%	1.2%
Energy	0.1%	0.6%
Industrials	0.1%	3.5%
Consumer Defensive	0.1%	5.5%

Return for Risk

JPLD vs. TBUX — 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

TBUX

TBUX Risk / Return Rank: 99
TBUX Sharpe Ratio Rank: 99
TBUX Sortino Ratio Rank: 99
TBUX Omega Ratio Rank: 99
TBUX Calmar Ratio Rank: 99
TBUX Martin Ratio Rank: 99

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. TBUX - 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 T. Rowe Price Ultra Short-Term Bond ETF (TBUX). 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	TBUX	Difference
Sharpe ratio: Return per unit of total volatility	3.22	7.13	-3.91
Sortino ratio: Return per unit of downside risk	5.29	14.36	-9.07
Omega ratio: Gain probability vs. loss probability	1.68	3.08	-1.41
Calmar ratio: Return relative to maximum drawdown	4.71	39.71	-35.00
Martin ratio: Return relative to average drawdown	21.78	170.19	-148.41
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. TBUX - Sharpe Ratio Comparison

The current JPLD Sharpe Ratio is 3.22, which is lower than the TBUX Sharpe Ratio of 7.13. The chart below compares the historical Sharpe Ratios of JPLD and TBUX, 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	TBUX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.22	7.13	-3.91
Sharpe Ratio (All Time) Calculated using the full available price history	3.25	3.89	-0.64

Drawdowns

JPLD vs. TBUX - Drawdown Comparison

The maximum JPLD drawdown since its inception was -1.17%, smaller than the maximum TBUX drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for JPLD and TBUX.

Drawdown Indicators

	JPLD	TBUX	Difference
Max Drawdown Largest peak-to-trough decline	-1.17%	-1.79%	+0.62%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-0.12%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.33%	—
Current Drawdown Current decline from peak	-0.12%	-0.04%	-0.08%
Average Drawdown Average peak-to-trough decline	-0.15%	-0.28%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	0.03%	+0.19%

Volatility

JPLD vs. TBUX - Volatility Comparison

J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) has a higher volatility of 0.37% compared to T. Rowe Price Ultra Short-Term Bond ETF (TBUX) at 0.19%. This indicates that JPLD's price experiences larger fluctuations and is considered to be riskier than TBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPLD	TBUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	0.19%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	0.97%	0.43%	+0.54%
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	0.67%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.83%	1.07%	+0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.83%	1.07%	+0.76%

JPLD vs. TBUX - Expense Ratio Comparison

JPLD has a 0.24% expense ratio, which is higher than TBUX's 0.17% 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. TBUX - Dividend Comparison

JPLD's dividend yield for the trailing twelve months is around 4.21%, less than TBUX's 4.48% yield.

Position	TTM	2025	2024	2023	2022	2021
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%	0.00%	0.00%
TBUX T. Rowe Price Ultra Short-Term Bond ETF	4.48%	4.67%	5.39%	4.66%	2.58%	0.27%

Frequently Asked Questions

Can I hold both JPLD and TBUX in my portfolio?

JPLD and TBUX have a correlation of 0.43, 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 TBUX?

JPLD has higher volatility (0.37%) compared to TBUX (0.19%). In terms of maximum drawdown, JPLD dropped -1.17% vs TBUX's -1.79%.

Which ETF is better, JPLD or TBUX?

On 1-year performance, TBUX leads with 4.77% vs 4.71% for JPLD. On fees, TBUX is cheaper at 0.17% per year. On volatility, TBUX has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPLD or TBUX?

Over the 1-year period, TBUX has performed better with a 4.77% 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 TBUX?

TBUX is cheaper with a 0.17% expense ratio, compared with 0.24% for JPLD.

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

TBUX has the higher dividend yield at 4.48%, compared with 4.21% for JPLD.

What is the main difference between JPLD and TBUX?

JPLD is categorized as Short-Term Bond, while TBUX is Ultrashort Bond. They also come from different issuers: JPMorgan and T. Rowe Price. Their fees differ too: 0.24% for JPLD and 0.17% for TBUX.

Which has better risk-adjusted returns?

TBUX currently has the higher Sharpe Ratio (7.13 vs 3.22), 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.