NDMO vs. JPLD
NDMO (Nuveen Dynamic Municipal Opportunities Fund) is a stock, while JPLD (JPMorgan Limited Duration Bond ETF) is Short-Term Bond fund actively managed by JPMorgan. Over the past year, NDMO returned 11.65% vs 4.19% for JPLD. At a 0.25 correlation, their price movements are largely independent.
Performance
NDMO vs. JPLD - Performance Comparison
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Returns By Period
In the year-to-date period, NDMO achieves a 6.72% return, which is significantly higher than JPLD's 1.08% return.
NDMO
- 1D
- 0.19%
- 1M
- 2.75%
- YTD
- 6.72%
- 6M
- 7.57%
- 1Y
- 11.65%
- 3Y*
- 8.34%
- 5Y*
- -2.96%
- 10Y*
- —
JPLD
- 1D
- 0.06%
- 1M
- 0.32%
- YTD
- 1.08%
- 6M
- 1.31%
- 1Y
- 4.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NDMO vs. JPLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NDMO Nuveen Dynamic Municipal Opportunities Fund | 6.72% | 8.21% | 8.31% | -5.03% |
JPLD JPMorgan Limited Duration Bond ETF | 1.08% | 6.01% | 6.49% | 3.15% |
Correlation
The correlation between NDMO and JPLD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023 | 0.25 |
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Return for Risk
NDMO vs. JPLD — Risk / Return Rank
NDMO
JPLD
NDMO vs. JPLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Dynamic Municipal Opportunities Fund (NDMO) and JPMorgan Limited Duration Bond ETF (JPLD). 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.
| NDMO | JPLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.59 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 4.19 | -2.23 |
| Martin ratioReturn relative to average drawdown | 4.78 | 19.07 | -14.29 |
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Drawdowns
NDMO vs. JPLD - Drawdown Comparison
The maximum NDMO drawdown since its inception was -42.54%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for NDMO and JPLD.
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Drawdown Indicators
| NDMO | JPLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.54% | -1.17% | -41.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.96% | -1.00% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.54% | — | — |
Current DrawdownCurrent decline from peak | -17.11% | -0.28% | -16.83% |
Average DrawdownAverage peak-to-trough decline | -21.40% | -0.15% | -21.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 0.22% | +2.22% |
Volatility
NDMO vs. JPLD - Volatility Comparison
Nuveen Dynamic Municipal Opportunities Fund (NDMO) has a higher volatility of 2.19% compared to JPMorgan Limited Duration Bond ETF (JPLD) at 0.54%. This indicates that NDMO's price experiences larger fluctuations and is considered to be riskier than JPLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDMO | JPLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 0.54% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 1.05% | +6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 1.48% | +9.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 1.84% | +14.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 1.84% | +13.70% |
Dividends
NDMO vs. JPLD - Dividend Comparison
NDMO's dividend yield for the trailing twelve months is around 7.13%, more than JPLD's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JPLD JPMorgan Limited Duration Bond ETF | 4.21% | 4.24% | 4.47% | 1.83% | 0.00% | 0.00% | 0.00% |
NDMO Nuveen Dynamic Municipal Opportunities Fund | 7.13% | 7.38% | 7.43% | 7.80% | 9.24% | 5.52% | 1.46% |
Frequently Asked Questions
NDMO and JPLD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDMO has higher volatility (2.19%) compared to JPLD (0.54%). In terms of maximum drawdown, NDMO dropped -42.54% vs JPLD's -1.17%.
JPLD currently has the higher Sharpe Ratio (2.86 vs 1.11), 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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