JPO vs. TDTT
JPO (YieldMax JPM Option Income Strategy ETF) and TDTT (FlexShares iBoxx 3-Year Target Duration TIPS Index Fund) are both exchange-traded funds - JPO is a Options Trading fund actively managed by Tidal, while TDTT is a Inflation-Protected Bonds fund tracking the iBoxx 3-Year Target Duration TIPS. JPO is actively managed, while TDTT is passively managed. Over the past year, JPO returned 17.30% vs 3.35% for TDTT. At a correlation of -0.05, they often move in opposite directions. JPO charges 1.19%/yr vs 0.18%/yr for TDTT.
Performance
JPO vs. TDTT - Performance Comparison
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Returns By Period
In the year-to-date period, JPO achieves a 2.68% return, which is significantly higher than TDTT's 0.96% return.
JPO
- 1D
- 1.96%
- 1M
- 6.38%
- YTD
- 2.68%
- 6M
- 2.70%
- 1Y
- 17.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDTT
- 1D
- -0.25%
- 1M
- -0.52%
- YTD
- 0.96%
- 6M
- 1.09%
- 1Y
- 3.35%
- 3Y*
- 4.75%
- 5Y*
- 2.76%
- 10Y*
- 2.97%
JPO vs. TDTT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPO YieldMax JPM Option Income Strategy ETF | 2.68% | 22.26% | 13.97% | 4.90% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 0.96% | 6.67% | 3.96% | 2.42% |
Correlation
The correlation between JPO and TDTT is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2023 | -0.05 |
The correlation between JPO and TDTT shifts across timeframes, from -0.17 (1 year) to -0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPO vs. TDTT — Risk / Return Rank
JPO
TDTT
JPO vs. TDTT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax JPM Option Income Strategy ETF (JPO) and FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT). 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.
| JPO | TDTT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 3.47 | -2.25 |
| Martin ratioReturn relative to average drawdown | 3.01 | 11.10 | -8.09 |
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Drawdowns
JPO vs. TDTT - Drawdown Comparison
The maximum JPO drawdown since its inception was -24.80%, which is greater than TDTT's maximum drawdown of -6.97%. Use the drawdown chart below to compare losses from any high point for JPO and TDTT.
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Drawdown Indicators
| JPO | TDTT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.80% | -6.97% | -17.83% |
Max Drawdown (1Y)Largest decline over 1 year | -14.24% | -0.97% | -13.27% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.97% | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.97% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -1.59% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 0.30% | +5.46% |
Volatility
JPO vs. TDTT - Volatility Comparison
YieldMax JPM Option Income Strategy ETF (JPO) has a higher volatility of 6.04% compared to FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) at 0.79%. This indicates that JPO's price experiences larger fluctuations and is considered to be riskier than TDTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPO | TDTT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 0.79% | +5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.69% | 1.40% | +13.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 1.94% | +17.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 3.66% | +15.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 3.38% | +15.73% |
JPO vs. TDTT - Expense Ratio Comparison
JPO has a 1.19% expense ratio, which is higher than TDTT's 0.18% expense ratio.
Dividends
JPO vs. TDTT - Dividend Comparison
JPO's dividend yield for the trailing twelve months is around 32.05%, more than TDTT's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JPO YieldMax JPM Option Income Strategy ETF | 32.05% | 34.13% | 25.15% | 4.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 4.58% | 4.52% | 4.01% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% |
Frequently Asked Questions
JPO and TDTT have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPO has higher volatility (6.04%) compared to TDTT (0.79%). In terms of maximum drawdown, JPO dropped -24.80% vs TDTT's -6.97%.
On 1-year performance, JPO leads with 17.30% vs 3.35% for TDTT. On fees, TDTT is cheaper at 0.18% per year. On volatility, TDTT has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JPO has performed better with a 17.30% return vs 3.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTT is cheaper with a 0.18% expense ratio, compared with 1.19% for JPO.
JPO has the higher dividend yield at 32.05%, compared with 4.58% for TDTT.
JPO is categorized as Options Trading, while TDTT is Inflation-Protected Bonds. They also come from different issuers: Tidal and Northern Trust. Their fees differ too: 1.19% for JPO and 0.18% for TDTT.
TDTT currently has the higher Sharpe Ratio (1.74 vs 0.91), 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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