JPLD vs. TLT
Compare and contrast key facts about J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) and iShares 20+ Year Treasury Bond ETF (TLT).
JPLD and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPLD or TLT.
Key characteristics
| JPLD | TLT | |
|---|---|---|
| YTD Return | 5.75% | -3.80% |
| 1Y Return | 8.27% | 8.80% |
| Sharpe Ratio | 4.38 | 0.63 |
| Sortino Ratio | 7.56 | 0.98 |
| Omega Ratio | 2.00 | 1.11 |
| Calmar Ratio | 11.73 | 0.21 |
| Martin Ratio | 37.92 | 1.56 |
| Ulcer Index | 0.22% | 6.03% |
| Daily Std Dev | 1.90% | 14.94% |
| Max Drawdown | -0.71% | -48.35% |
| Current Drawdown | -0.51% | -40.06% |
Correlation
The correlation between JPLD and TLT is 0.69, 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. TLT - Performance Comparison
In the year-to-date period, JPLD achieves a 5.75% return, which is significantly higher than TLT's -3.80% 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. TLT - Expense Ratio Comparison
JPLD has a 0.24% expense ratio, which is higher than TLT's 0.15% 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%.
Risk-Adjusted Performance
JPLD vs. TLT - 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 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
JPLD's dividend yield for the trailing twelve months is around 4.47%, more than TLT's 4.00% 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.00% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
JPLD vs. TLT - Drawdown Comparison
The maximum JPLD drawdown since its inception was -0.71%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for JPLD and TLT. For additional features, visit the drawdowns tool.
Volatility
JPLD vs. TLT - Volatility Comparison
The current volatility for J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) is 0.50%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.02%. This indicates that JPLD experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.