JPLD vs. TFLR

Last updated Jun 23, 2026

JPLD (JPMorgan Limited Duration Bond ETF) and TFLR (T. Rowe Price Floating Rate ETF) are both exchange-traded funds - JPLD is a Short-Term Bond fund actively managed by JPMorgan, while TFLR is a Bank Loan fund actively managed by T. Rowe Price. Both are actively managed. Over the past year, JPLD returned 4.27% vs 5.50% for TFLR. At a 0.04 correlation, their price movements are largely independent. JPLD charges 0.24%/yr vs 0.60%/yr for TFLR.

Performance

JPLD vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Limited Duration Bond ETF (JPLD) and T. Rowe Price Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPLD achieves a 1.02% return, which is significantly lower than TFLR's 1.41% return.

JPLD

• 1D: -0.02%
• 1M: 0.26%
• YTD: 1.02%
• 6M: 1.23%
• 1Y: 4.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFLR

• 1D: 0.10%
• 1M: 0.10%
• YTD: 1.41%
• 6M: 1.66%
• 1Y: 5.50%
• 3Y*: 7.80%
• 5Y*: —
• 10Y*: —

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

JPLD vs. TFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPLD JPMorgan Limited Duration Bond ETF	1.02%	6.01%	6.49%	3.15%
TFLR T. Rowe Price Floating Rate ETF	1.41%	6.57%	8.77%	4.69%

Correlation

The correlation between JPLD and TFLR is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023	0.04

Return for Risk

JPLD vs. TFLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPLD

JPLD Risk / Return Rank: 90
JPLD Sharpe Ratio Rank: 90
JPLD Sortino Ratio Rank: 93
JPLD Omega Ratio Rank: 92
JPLD Calmar Ratio Rank: 83
JPLD Martin Ratio Rank: 90

TFLR

TFLR Risk / Return Rank: 78
TFLR Sharpe Ratio Rank: 88
TFLR Sortino Ratio Rank: 91
TFLR Omega Ratio Rank: 94
TFLR Calmar Ratio Rank: 53
TFLR Martin Ratio Rank: 65

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. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Limited Duration Bond ETF (JPLD) and T. Rowe Price Floating Rate ETF (TFLR). 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	TFLR	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.79	+0.12
Sortino ratio: Return per unit of downside risk	4.46	4.13	+0.33
Omega ratio: Gain probability vs. loss probability	1.60	1.64	-0.04
Calmar ratio: Return relative to maximum drawdown	4.27	2.54	+1.73
Martin ratio: Return relative to average drawdown	19.49	11.58	+7.91

JPLD vs. TFLR - Sharpe Ratio Comparison

The current JPLD Sharpe Ratio is 2.91, which is comparable to the TFLR Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of JPLD and TFLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPLD vs. TFLR - Drawdown Comparison

The maximum JPLD drawdown since its inception was -1.17%, smaller than the maximum TFLR drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for JPLD and TFLR.

Drawdown Indicators

	JPLD	TFLR	Difference
Max Drawdown Largest peak-to-trough decline	-1.17%	-4.01%	+2.84%
Max Drawdown (1Y) Largest decline over 1 year	-1.00%	-2.18%	+1.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.01%	—
Current Drawdown Current decline from peak	-0.34%	-0.06%	-0.28%
Average Drawdown Average peak-to-trough decline	-0.15%	-0.22%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	0.48%	-0.26%

Volatility

JPLD vs. TFLR - Volatility Comparison

JPMorgan Limited Duration Bond ETF (JPLD) has a higher volatility of 0.53% compared to T. Rowe Price Floating Rate ETF (TFLR) at 0.37%. This indicates that JPLD's price experiences larger fluctuations and is considered to be riskier than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPLD	TFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.53%	0.37%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	1.05%	1.74%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	1.48%	1.98%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.84%	3.66%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.84%	3.66%	-1.82%

JPLD vs. TFLR - Expense Ratio Comparison

JPLD has a 0.24% expense ratio, which is lower than TFLR's 0.60% expense ratio.

Dividends

JPLD vs. TFLR - Dividend Comparison

JPLD's dividend yield for the trailing twelve months is around 4.21%, less than TFLR's 6.76% yield.

Position	TTM	2025	2024	2023	2022
JPLD JPMorgan Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%	0.00%
TFLR T. Rowe Price Floating Rate ETF	6.76%	6.93%	8.18%	7.76%	0.58%

Frequently Asked Questions

Can I hold both JPLD and TFLR in my portfolio?

JPLD and TFLR have a correlation of 0.02, 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 TFLR?

JPLD has higher volatility (0.53%) compared to TFLR (0.37%). In terms of maximum drawdown, JPLD dropped -1.17% vs TFLR's -4.01%.

Which ETF is better, JPLD or TFLR?

On 1-year performance, TFLR leads with 5.50% vs 4.27% for JPLD. On fees, JPLD is cheaper at 0.24% per year. On volatility, TFLR 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 TFLR?

Over the 1-year period, TFLR has performed better with a 5.50% return vs 4.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPLD or TFLR?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.60% for TFLR.

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

TFLR has the higher dividend yield at 6.76%, compared with 4.21% for JPLD.

What is the main difference between JPLD and TFLR?

JPLD is categorized as Short-Term Bond, while TFLR is Bank Loan. They also come from different issuers: JPMorgan and T. Rowe Price. Their fees differ too: 0.24% for JPLD and 0.60% for TFLR.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (2.91 vs 2.79), 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.