SJLD vs. SJCP

Last updated Apr 17, 2026

SJLD (SanJac Alpha Low Duration ETF) and SJCP (SanJac Alpha Core Plus Bond ETF) are both exchange-traded funds — SJLD is a Short-Term Bond fund actively managed by SanJac Alpha, while SJCP is a Intermediate Core-Plus Bond fund actively managed by SanJac Alpha. Both are actively managed. Over the past year, SJLD returned 5.16% vs 6.27% for SJCP. At 0.45, their price movements are largely independent. SJLD charges 0.35%/yr vs 0.65%/yr for SJCP.

Performance

SJLD vs. SJCP - Performance Comparison

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

Returns By Period

In the year-to-date period, SJLD achieves a 1.25% return, which is significantly higher than SJCP's 0.78% return.

SJLD

• 1D: -0.02%
• 1M: 0.42%
• YTD: 1.25%
• 6M: 1.84%
• 1Y: 5.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SJCP

• 1D: -0.12%
• 1M: 0.22%
• YTD: 0.78%
• 6M: 1.81%
• 1Y: 6.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SJLD vs. SJCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SJLD SanJac Alpha Low Duration ETF	1.25%	5.20%	0.91%
SJCP SanJac Alpha Core Plus Bond ETF	0.78%	6.27%	-0.16%

Correlation

The correlation between SJLD and SJCP is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024	0.45

The correlation between SJLD and SJCP has been stable across timeframes, ranging from 0.45 to 0.50 — a consistent structural relationship.

Return for Risk

SJLD vs. SJCP — Risk / Return Rank

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

SJLD

SJLD Risk / Return Rank: 84
SJLD Sharpe Ratio Rank: 69
SJLD Sortino Ratio Rank: 84
SJLD Omega Ratio Rank: 89
SJLD Calmar Ratio Rank: 86
SJLD Martin Ratio Rank: 90

SJCP

SJCP Risk / Return Rank: 73
SJCP Sharpe Ratio Rank: 72
SJCP Sortino Ratio Rank: 79
SJCP Omega Ratio Rank: 88
SJCP Calmar Ratio Rank: 55
SJCP Martin Ratio Rank: 71

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.

SJLD vs. SJCP - Risk-Adjusted Trends Comparison

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

	SJLD	SJCP	Difference
Sharpe ratio Return per unit of total volatility	2.56	2.65	-0.08
Sortino ratio Return per unit of downside risk	4.17	3.90	+0.28
Omega ratio Gain probability vs. loss probability	1.62	1.61	+0.01
Calmar ratio Return relative to maximum drawdown	5.14	3.23	+1.91
Martin ratio Return relative to average drawdown	22.17	14.80	+7.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SJLD vs. SJCP - Sharpe Ratio Comparison

The current SJLD Sharpe Ratio is 2.56, which is comparable to the SJCP Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of SJLD and SJCP, 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

	SJLD	SJCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	2.65	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	2.34	1.80	+0.53

Drawdowns

SJLD vs. SJCP - Drawdown Comparison

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

Drawdown Indicators

	SJLD	SJCP	Difference
Max Drawdown Largest peak-to-trough decline	-1.04%	-2.01%	+0.97%
Max Drawdown (1Y) Largest decline over 1 year	-1.04%	-2.01%	+0.97%
Current Drawdown Current decline from peak	-0.02%	-0.49%	+0.47%
Average Drawdown Average peak-to-trough decline	-0.12%	-0.24%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	0.44%	-0.20%

Volatility

SJLD vs. SJCP - Volatility Comparison

The current volatility for SanJac Alpha Low Duration ETF (SJLD) is 0.72%, while SanJac Alpha Core Plus Bond ETF (SJCP) has a volatility of 1.24%. This indicates that SJLD experiences smaller price fluctuations and is considered to be less risky than SJCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SJLD	SJCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	1.24%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	1.30%	1.83%	-0.53%
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	2.39%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.99%	2.39%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.99%	2.39%	-0.40%

SJLD vs. SJCP - Expense Ratio Comparison

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

Dividends

SJLD vs. SJCP - Dividend Comparison

SJLD's dividend yield for the trailing twelve months is around 3.98%, less than SJCP's 4.36% yield.

	TTM	2025	2024
SJLD SanJac Alpha Low Duration ETF	3.98%	3.74%	1.26%
SJCP SanJac Alpha Core Plus Bond ETF	4.36%	4.05%	1.40%