SDMF vs. JPRE

Last updated Aug 2, 2026

SDMF (Simplify DBi CTA Managed Futures Index ETF) and JPRE (JPMorgan Realty Income ETF) are both exchange-traded funds - SDMF is a Systematic Trend fund tracking the DBi CTA Managed Futures Index, while JPRE is a REIT fund actively managed by JPMorgan. SDMF is passively managed, while JPRE is actively managed. Their -0.23 correlation means they have often moved in opposite directions in the past. SDMF charges 0.35%/yr vs 0.50%/yr for JPRE.

Performance

SDMF vs. JPRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify DBi CTA Managed Futures Index ETF (SDMF) and JPMorgan Realty Income ETF (JPRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SDMF

• 1D: 1.66%
• 1M: 3.21%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

JPRE

• 1D: -0.56%
• 1M: 0.81%
• 6M: 12.79%
• YTD: 15.69%
• 1Y: 16.74%
• 3Y*: 10.19%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JPRE JPMorgan Realty Income ETF	$1.08M	$1.14M	$1.22M
SDMF Simplify DBi CTA Managed Futures Index ETF	$589.61K	$841.42K	$693.99K

SDMF vs. JPRE - Yearly Performance Comparison

	2026 (YTD)
SDMF Simplify DBi CTA Managed Futures Index ETF	3.49%
JPRE JPMorgan Realty Income ETF	7.13%

Correlation

The correlation between SDMF and JPRE is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	-0.23

Return for Risk

SDMF vs. JPRE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SDMF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JPRE

JPRE Risk / Return Rank: 52
JPRE Sharpe Ratio Rank: 49
JPRE Sortino Ratio Rank: 47
JPRE Omega Ratio Rank: 47
JPRE Calmar Ratio Rank: 61
JPRE Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SDMF vs. JPRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify DBi CTA Managed Futures Index ETF (SDMF) and JPMorgan Realty Income ETF (JPRE). 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.

	SDMF	JPRE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.20	—
Sortino ratio: Return per unit of downside risk	—	1.71	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	2.15	—
Martin ratio: Return relative to average drawdown	—	6.86	—

Drawdowns

SDMF vs. JPRE - Drawdown Comparison

The maximum SDMF drawdown since its inception was -6.23%, smaller than the maximum JPRE drawdown of -23.84%. Use the drawdown chart below to compare losses from any high point for SDMF and JPRE.

Drawdown Indicators

	SDMF	JPRE	Difference
Max Drawdown Largest peak-to-trough decline	-6.23%	-23.84%	+17.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.27%	—
Current Drawdown Current decline from peak	-0.31%	-2.60%	+2.29%
Average Drawdown Average peak-to-trough decline	-2.01%	-7.88%	+5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.41%	—

Volatility

Volatility by Period

	SDMF	JPRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	13.87%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.51%	18.25%	-5.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.51%	18.25%	-5.74%

SDMF vs. JPRE - Expense Ratio Comparison

SDMF has a 0.35% expense ratio, which is lower than JPRE's 0.50% expense ratio.

Dividends

SDMF vs. JPRE - Dividend Comparison

SDMF's dividend yield for the trailing twelve months is around 0.38%, less than JPRE's 2.19% yield.

Position	TTM	2025	2024	2023	2022
JPRE JPMorgan Realty Income ETF	2.19%	2.62%	2.21%	3.26%	10.60%
SDMF Simplify DBi CTA Managed Futures Index ETF	0.38%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SDMF and JPRE in my portfolio?

SDMF and JPRE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SDMF or JPRE?

On fees, SDMF is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SDMF or JPRE?

SDMF is cheaper with a 0.35% expense ratio, compared with 0.50% for JPRE.

Which ETF pays a higher dividend yield, SDMF or JPRE?

JPRE has the higher dividend yield at 2.19%, compared with 0.38% for SDMF.

What is the main difference between SDMF and JPRE?

SDMF is categorized as Systematic Trend, while JPRE is REIT. They also come from different issuers: Simplify and JPMorgan. Their fees differ too: 0.35% for SDMF and 0.50% for JPRE.