JPLD vs. TLT
JPLD (JPMorgan Limited Duration Bond ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - JPLD is a Short-Term Bond fund actively managed by JPMorgan, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. JPLD is actively managed, while TLT is passively managed. Over the past 3 years, JPLD returned 5.75%/yr vs -1.80%/yr for TLT. Their 0.62 correlation means they have sometimes moved together and sometimes differently. JPLD charges 0.24%/yr vs 0.15%/yr for TLT.
Performance
JPLD vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, JPLD achieves a 1.57% return, which is significantly higher than TLT's -3.49% return.
JPLD
- 1D
- 0.04%
- 1M
- 0.15%
- 6M
- 0.97%
- YTD
- 1.57%
- 1Y
- 3.80%
- 3Y*
- 5.75%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.75%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.99M | $21.36M | $24.34M | |
| $2.33B | $2.02B | $2.19B |
JPLD vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPLD JPMorgan Limited Duration Bond ETF | 1.57% | 6.01% | 6.49% | 3.15% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 0.94% |
Correlation
The correlation between JPLD and TLT is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023 | 0.62 |
The correlation between JPLD and TLT has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
JPLD vs. TLT — Risk / Return Rank
JPLD
TLT
JPLD vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan 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.
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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +4.35 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 0.99 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | -0.14 | +4.26 |
| Martin ratioReturn relative to average drawdown | 18.72 | -0.30 | +19.02 |
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Drawdowns
JPLD vs. TLT - Drawdown Comparison
The maximum JPLD drawdown since its inception was -1.17%, 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.
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Drawdown Indicators
| JPLD | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.17% | -48.35% | +47.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.00% | -7.74% | +6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -1.17% | -14.79% | +13.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | 0.00% | -42.36% | +42.36% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -13.99% | +13.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 3.57% | -3.35% |
Volatility
JPLD vs. TLT - Volatility Comparison
The current volatility for JPMorgan Limited Duration Bond ETF (JPLD) is 0.36%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.46%. 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.
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Volatility by Period
| JPLD | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 2.46% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 1.09% | 6.85% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 9.32% | -7.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.82% | 15.74% | -13.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.82% | 14.83% | -13.01% |
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%.
Dividends
JPLD vs. TLT - Dividend Comparison
JPLD's dividend yield for the trailing twelve months is around 4.27%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPLD JPMorgan Limited Duration Bond ETF | 3.91% | 4.24% | 4.47% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.34% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
JPLD and TLT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.46%) compared to JPLD (0.36%). In terms of maximum drawdown, JPLD dropped -1.17% vs TLT's -48.35%.
On 3-year performance, JPLD leads with 5.75% vs -1.80% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, JPLD has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JPLD has performed better with a 5.75% return vs -1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.24% for JPLD.
TLT has the higher dividend yield at 4.34%, compared with 3.91% for JPLD.
JPLD is categorized as Short-Term Bond, while TLT is Government Bonds. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.24% for JPLD and 0.15% for TLT.
JPLD currently has the higher Sharpe Ratio (2.78 vs -0.11), 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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