JPLD vs. USFR
JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - JPLD is a Short-Term Bond fund actively managed by JPMorgan, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. JPLD is actively managed, while USFR is passively managed. Over the past year, JPLD returned 4.65% vs 4.01% for USFR. At a 0.02 correlation, their price movements are largely independent. JPLD charges 0.24%/yr vs 0.15%/yr for USFR.
Performance
JPLD vs. USFR - 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 USFR's 1.72% return.
JPLD
- 1D
- 0.06%
- 1M
- 0.39%
- YTD
- 1.25%
- 6M
- 1.51%
- 1Y
- 4.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.72%
- 6M
- 1.92%
- 1Y
- 4.01%
- 3Y*
- 4.74%
- 5Y*
- 3.70%
- 10Y*
- 2.42%
JPLD vs. USFR - 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% |
USFR WisdomTree Floating Rate Treasury Fund | 1.72% | 4.23% | 5.47% | 2.12% |
Correlation
The correlation between JPLD and USFR is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023 | 0.02 |
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Return for Risk
JPLD vs. USFR — Risk / Return Rank
JPLD
USFR
JPLD vs. USFR - 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 WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.59 | ||
| Sortino ratioReturn per unit of downside risk | -45.14 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 13.37 | -11.69 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 202.37 | -197.73 |
| Martin ratioReturn relative to average drawdown | 21.55 | 783.80 | -762.25 |
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Drawdowns
JPLD vs. USFR - Drawdown Comparison
The maximum JPLD drawdown since its inception was -1.17%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for JPLD and USFR.
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Drawdown Indicators
| JPLD | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.17% | -1.36% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -1.00% | -0.02% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -0.16% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | 0.01% | +0.21% |
Volatility
JPLD vs. USFR - Volatility Comparison
J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) has a higher volatility of 0.38% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that JPLD's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPLD | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.08% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 0.19% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 0.27% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.83% | 0.40% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.83% | 0.78% | +1.05% |
JPLD vs. USFR - Expense Ratio Comparison
JPLD has a 0.24% expense ratio, which is higher than USFR'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. USFR - Dividend Comparison
JPLD's dividend yield for the trailing twelve months is around 4.20%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
JPLD and USFR have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPLD has higher volatility (0.38%) compared to USFR (0.08%). In terms of maximum drawdown, JPLD dropped -1.17% vs USFR's -1.36%.
On 1-year performance, JPLD leads with 4.65% vs 4.01% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JPLD has performed better with a 4.65% return vs 4.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.24% for JPLD.
JPLD has the higher dividend yield at 4.20%, compared with 3.91% for USFR.
JPLD is categorized as Short-Term Bond, while USFR is Government Bonds. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.24% for JPLD and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.85 vs 3.25), 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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