SJCP vs. SJLD

Last updated Aug 2, 2026

SJCP (SanJac Alpha Core Plus Bond ETF) and SJLD (SanJac Alpha Low Duration ETF) are both exchange-traded funds - SJCP is a Intermediate Core-Plus Bond fund actively managed by SanJac Alpha, while SJLD is a Short-Term Bond fund actively managed by SanJac Alpha. Both are actively managed. Over the past year, SJCP returned 3.77% vs 3.87% for SJLD. Their 0.46 correlation means their historical movements had little consistent relationship. SJCP charges 0.65%/yr vs 0.35%/yr for SJLD.

Performance

SJCP vs. SJLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SanJac Alpha Core Plus Bond ETF (SJCP) and SanJac Alpha Low Duration ETF (SJLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SJCP achieves a 1.12% return, which is significantly lower than SJLD's 2.28% return.

SJCP

• 1D: 0.06%
• 1M: 0.20%
• 6M: 0.72%
• YTD: 1.12%
• 1Y: 3.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.80%

SJLD

• 1D: 0.02%
• 1M: 0.42%
• 6M: 1.85%
• YTD: 2.28%
• 1Y: 3.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.46%

*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)
SJCP SanJac Alpha Core Plus Bond ETF	$33.92K	$23.83K	$91.45K
SJLD SanJac Alpha Low Duration ETF	$851.30	$1.09K	$3.25K

SJCP vs. SJLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SJCP SanJac Alpha Core Plus Bond ETF	1.12%	6.27%	-0.16%
SJLD SanJac Alpha Low Duration ETF	2.28%	5.20%	0.91%

Correlation

The correlation between SJCP and SJLD is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.46

Return for Risk

SJCP vs. SJLD — Risk / Return Rank

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

SJCP

SJCP Risk / Return Rank: 70
SJCP Sharpe Ratio Rank: 72
SJCP Sortino Ratio Rank: 73
SJCP Omega Ratio Rank: 82
SJCP Calmar Ratio Rank: 57
SJCP Martin Ratio Rank: 65

SJLD

SJLD Risk / Return Rank: 95
SJLD Sharpe Ratio Rank: 94
SJLD Sortino Ratio Rank: 96
SJLD Omega Ratio Rank: 97
SJLD Calmar Ratio Rank: 93
SJLD Martin Ratio Rank: 95

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.

SJCP vs. SJLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SanJac Alpha Core Plus Bond ETF (SJCP) and SanJac Alpha Low Duration ETF (SJLD). 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.

	SJCP	SJLD	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.65	-0.99
Sortino ratio: Return per unit of downside risk	2.39	4.50	-2.11
Omega ratio: Gain probability vs. loss probability	1.35	1.69	-0.34
Calmar ratio: Return relative to maximum drawdown	2.04	4.52	-2.48
Martin ratio: Return relative to average drawdown	8.01	21.64	-13.63

SJCP vs. SJLD - Sharpe Ratio Comparison

The current SJCP Sharpe Ratio is 1.65, which is lower than the SJLD Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of SJCP and SJLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SJCP vs. SJLD - Drawdown Comparison

The maximum SJCP drawdown since its inception was -2.01%, which is greater than SJLD's maximum drawdown of -1.04%. Use the drawdown chart below to compare losses from any high point for SJCP and SJLD.

Drawdown Indicators

	SJCP	SJLD	Difference
Max Drawdown Largest peak-to-trough decline	-2.01%	-1.04%	-0.97%
Max Drawdown (1Y) Largest decline over 1 year	-2.01%	-1.04%	-0.97%
Current Drawdown Current decline from peak	-0.20%	0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.27%	-0.11%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	0.22%	+0.29%

Volatility

SJCP vs. SJLD - Volatility Comparison

SanJac Alpha Core Plus Bond ETF (SJCP) has a higher volatility of 0.55% compared to SanJac Alpha Low Duration ETF (SJLD) at 0.28%. This indicates that SJCP's price experiences larger fluctuations and is considered to be riskier than SJLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SJCP	SJLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	0.28%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	1.96%	1.16%	+0.80%
Volatility (1Y) Calculated over the trailing 1-year period	2.49%	1.79%	+0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.40%	1.88%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.40%	1.88%	+0.52%

SJCP vs. SJLD - Expense Ratio Comparison

SJCP has a 0.65% expense ratio, which is higher than SJLD's 0.35% expense ratio.

Dividends

SJCP vs. SJLD - Dividend Comparison

SJCP's dividend yield for the trailing twelve months is around 3.79%, less than SJLD's 4.40% yield.

Position	TTM	2025	2024
SJCP SanJac Alpha Core Plus Bond ETF	3.79%	4.05%	1.40%
SJLD SanJac Alpha Low Duration ETF	4.40%	3.74%	1.26%

Frequently Asked Questions

Can I hold both SJCP and SJLD in my portfolio?

SJCP and SJLD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SJCP or SJLD?

SJCP has higher volatility (0.55%) compared to SJLD (0.28%). In terms of maximum drawdown, SJCP dropped -2.01% vs SJLD's -1.04%.

Which ETF is better, SJCP or SJLD?

On 1-year performance, SJLD leads with 3.87% vs 3.77% for SJCP. On fees, SJLD is cheaper at 0.35% per year. On volatility, SJLD has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SJCP or SJLD?

Over the 1-year period, SJLD has performed better with a 3.87% return vs 3.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SJCP or SJLD?

SJLD is cheaper with a 0.35% expense ratio, compared with 0.65% for SJCP.

Which ETF pays a higher dividend yield, SJCP or SJLD?

SJLD has the higher dividend yield at 4.40%, compared with 3.79% for SJCP.

What is the main difference between SJCP and SJLD?

SJCP is categorized as Intermediate Core-Plus Bond, while SJLD is Short-Term Bond. Their fees differ too: 0.65% for SJCP and 0.35% for SJLD.

Which has better risk-adjusted returns?

SJLD currently has the higher Sharpe Ratio (2.65 vs 1.65), 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.