JSCP vs. UYLD

Last updated Jun 5, 2026

JSCP (JPMorgan Short Duration Core Plus ETF) and UYLD (Angel Oak Ultrashort Income ETF) are both exchange-traded funds - JSCP is a Short-Term Bond fund actively managed by JPMorgan, while UYLD is a Ultrashort Bond fund actively managed by Angel Oak. Both are actively managed. Over the past 3 years, JSCP returned 5.55%/yr vs 5.92%/yr for UYLD. At a 0.43 correlation, their price movements are largely independent. JSCP charges 0.33%/yr vs 0.29%/yr for UYLD.

Performance

JSCP vs. UYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Short Duration Core Plus ETF (JSCP) and Angel Oak Ultrashort Income ETF (UYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSCP achieves a 0.67% return, which is significantly lower than UYLD's 1.95% return.

JSCP

• 1D: 0.06%
• 1M: 0.17%
• YTD: 0.67%
• 6M: 1.06%
• 1Y: 4.44%
• 3Y*: 5.55%
• 5Y*: 2.38%
• 10Y*: —

UYLD

• 1D: 0.03%
• 1M: 0.67%
• YTD: 1.95%
• 6M: 2.40%
• 1Y: 5.14%
• 3Y*: 5.92%
• 5Y*: —
• 10Y*: —

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

JSCP vs. UYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JSCP JPMorgan Short Duration Core Plus ETF	0.67%	6.86%	5.06%	6.22%	2.26%
UYLD Angel Oak Ultrashort Income ETF	1.95%	5.36%	6.10%	6.90%	1.12%

Correlation

The correlation between JSCP and UYLD is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022	0.43

The correlation between JSCP and UYLD shifts across timeframes, from 0.43 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JSCP vs. UYLD — Risk / Return Rank

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

JSCP

JSCP Risk / Return Rank: 80
JSCP Sharpe Ratio Rank: 81
JSCP Sortino Ratio Rank: 90
JSCP Omega Ratio Rank: 86
JSCP Calmar Ratio Rank: 71
JSCP Martin Ratio Rank: 72

UYLD

UYLD Risk / Return Rank: 99
UYLD Sharpe Ratio Rank: 99
UYLD Sortino Ratio Rank: 99
UYLD Omega Ratio Rank: 99
UYLD Calmar Ratio Rank: 99
UYLD Martin Ratio Rank: 99

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.

JSCP vs. UYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short Duration Core Plus ETF (JSCP) and Angel Oak Ultrashort Income ETF (UYLD). 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.

	JSCP	UYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.60	7.96	-5.36
Sortino ratio: Return per unit of downside risk	4.18	21.74	-17.56
Omega ratio: Gain probability vs. loss probability	1.52	4.32	-2.80
Calmar ratio: Return relative to maximum drawdown	3.51	37.76	-34.25
Martin ratio: Return relative to average drawdown	13.34	225.62	-212.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JSCP vs. UYLD - Sharpe Ratio Comparison

The current JSCP Sharpe Ratio is 2.60, which is lower than the UYLD Sharpe Ratio of 7.96. The chart below compares the historical Sharpe Ratios of JSCP and UYLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JSCP	UYLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	7.96	-5.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	5.99	-5.04

Drawdowns

JSCP vs. UYLD - Drawdown Comparison

The maximum JSCP drawdown since its inception was -8.90%, which is greater than UYLD's maximum drawdown of -0.54%. Use the drawdown chart below to compare losses from any high point for JSCP and UYLD.

Drawdown Indicators

	JSCP	UYLD	Difference
Max Drawdown Largest peak-to-trough decline	-8.90%	-0.54%	-8.36%
Max Drawdown (1Y) Largest decline over 1 year	-1.27%	-0.14%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-1.59%	-0.54%	-1.05%
Max Drawdown (5Y) Largest decline over 5 years	-8.90%	—	—
Current Drawdown Current decline from peak	-0.31%	0.00%	-0.31%
Average Drawdown Average peak-to-trough decline	-2.06%	-0.03%	-2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.34%	0.02%	+0.32%

Volatility

JSCP vs. UYLD - Volatility Comparison

JPMorgan Short Duration Core Plus ETF (JSCP) has a higher volatility of 0.54% compared to Angel Oak Ultrashort Income ETF (UYLD) at 0.38%. This indicates that JSCP's price experiences larger fluctuations and is considered to be riskier than UYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSCP	UYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	0.38%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	1.21%	0.50%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	1.73%	0.65%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.56%	1.00%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.55%	1.00%	+1.55%

JSCP vs. UYLD - Expense Ratio Comparison

JSCP has a 0.33% expense ratio, which is higher than UYLD's 0.29% expense ratio.

Dividends

JSCP vs. UYLD - Dividend Comparison

JSCP's dividend yield for the trailing twelve months is around 4.49%, less than UYLD's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021
JSCP JPMorgan Short Duration Core Plus ETF	4.49%	4.64%	4.76%	4.13%	2.51%	1.09%
UYLD Angel Oak Ultrashort Income ETF	5.03%	5.07%	4.97%	5.92%	0.75%	0.00%

Frequently Asked Questions

Can I hold both JSCP and UYLD in my portfolio?

JSCP and UYLD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JSCP or UYLD?

JSCP has higher volatility (0.54%) compared to UYLD (0.38%). In terms of maximum drawdown, JSCP dropped -8.90% vs UYLD's -0.54%.

Which ETF is better, JSCP or UYLD?

On 3-year performance, UYLD leads with 5.92% vs 5.55% for JSCP. On fees, UYLD is cheaper at 0.29% per year. On volatility, UYLD has been the lower-risk option at 0.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JSCP or UYLD?

Over the 3-year period, UYLD has performed better with a 5.92% return vs 5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JSCP or UYLD?

UYLD is cheaper with a 0.29% expense ratio, compared with 0.33% for JSCP.

Which ETF pays a higher dividend yield, JSCP or UYLD?

UYLD has the higher dividend yield at 5.03%, compared with 4.49% for JSCP.

What is the main difference between JSCP and UYLD?

JSCP is categorized as Short-Term Bond, while UYLD is Ultrashort Bond. They also come from different issuers: JPMorgan and Angel Oak. Their fees differ too: 0.33% for JSCP and 0.29% for UYLD.

Which has better risk-adjusted returns?

UYLD currently has the higher Sharpe Ratio (7.96 vs 2.60), 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.