NDMO vs. JPLD
Compare and contrast key facts about Nuveen Dynamic Municipal Opportunities Fund (NDMO) and J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD).
JPLD is an actively managed fund by JPMorgan. It was launched on Feb 2, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NDMO or JPLD.
Key characteristics
| NDMO | JPLD | |
|---|---|---|
| YTD Return | 15.27% | 5.75% |
| 1Y Return | 17.44% | 8.27% |
| Sharpe Ratio | 1.44 | 4.38 |
| Sortino Ratio | 2.26 | 7.56 |
| Omega Ratio | 1.27 | 2.00 |
| Calmar Ratio | 0.49 | 11.73 |
| Martin Ratio | 8.65 | 37.92 |
| Ulcer Index | 2.06% | 0.22% |
| Daily Std Dev | 12.37% | 1.90% |
| Max Drawdown | -42.54% | -0.71% |
| Current Drawdown | -23.61% | -0.51% |
Correlation
The correlation between NDMO and JPLD is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NDMO vs. JPLD - Performance Comparison
In the year-to-date period, NDMO achieves a 15.27% return, which is significantly higher than JPLD's 5.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NDMO vs. JPLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Dynamic Municipal Opportunities Fund (NDMO) and J P Morgan Exchange-Traded Fund Trust - 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.
Dividends
NDMO vs. JPLD - Dividend Comparison
NDMO's dividend yield for the trailing twelve months is around 6.90%, more than JPLD's 4.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
NDMO Nuveen Dynamic Municipal Opportunities Fund | 6.90% | 7.81% | 9.30% | 5.55% | 1.47% |
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF | 4.47% | 1.83% | 0.00% | 0.00% | 0.00% |
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 -0.71%. Use the drawdown chart below to compare losses from any high point for NDMO and JPLD. For additional features, visit the drawdowns tool.
Volatility
NDMO vs. JPLD - Volatility Comparison
Nuveen Dynamic Municipal Opportunities Fund (NDMO) has a higher volatility of 3.00% compared to J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) at 0.50%. 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.