SLNZ vs. JPLD

Last updated Jun 24, 2026

SLNZ (TCW Senior Loan ETF) and JPLD (JPMorgan Limited Duration Bond ETF) are both exchange-traded funds - SLNZ is a Bank Loan fund actively managed by TCW, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, SLNZ returned 4.89% vs 4.19% for JPLD. At a correlation of -0.07, they often move in opposite directions. SLNZ charges 0.65%/yr vs 0.24%/yr for JPLD.

Performance

SLNZ vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TCW Senior Loan ETF (SLNZ) and JPMorgan Limited Duration Bond ETF (JPLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLNZ achieves a 1.80% return, which is significantly higher than JPLD's 1.08% return.

SLNZ

• 1D: -0.10%
• 1M: 0.47%
• YTD: 1.80%
• 6M: 1.92%
• 1Y: 4.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPLD

• 1D: 0.06%
• 1M: 0.32%
• YTD: 1.08%
• 6M: 1.31%
• 1Y: 4.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLNZ vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SLNZ TCW Senior Loan ETF	1.80%	5.21%	0.94%
JPLD JPMorgan Limited Duration Bond ETF	1.08%	6.01%	0.70%

Correlation

The correlation between SLNZ and JPLD is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	-0.07

Return for Risk

SLNZ vs. JPLD — Risk / Return Rank

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

SLNZ

SLNZ Risk / Return Rank: 36
SLNZ Sharpe Ratio Rank: 33
SLNZ Sortino Ratio Rank: 29
SLNZ Omega Ratio Rank: 35
SLNZ Calmar Ratio Rank: 41
SLNZ Martin Ratio Rank: 41

JPLD

JPLD Risk / Return Rank: 89
JPLD Sharpe Ratio Rank: 90
JPLD Sortino Ratio Rank: 93
JPLD Omega Ratio Rank: 92
JPLD Calmar Ratio Rank: 82
JPLD Martin Ratio Rank: 89

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.

SLNZ vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TCW Senior Loan ETF (SLNZ) 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.

	SLNZ	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	1.11	2.86	-1.75
Sortino ratio: Return per unit of downside risk	1.50	4.38	-2.88
Omega ratio: Gain probability vs. loss probability	1.22	1.59	-0.37
Calmar ratio: Return relative to maximum drawdown	1.91	4.19	-2.27
Martin ratio: Return relative to average drawdown	5.97	19.07	-13.10

SLNZ vs. JPLD - Sharpe Ratio Comparison

The current SLNZ Sharpe Ratio is 1.11, which is lower than the JPLD Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of SLNZ and JPLD, 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

SLNZ vs. JPLD - Drawdown Comparison

The maximum SLNZ drawdown since its inception was -2.57%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for SLNZ and JPLD.

Drawdown Indicators

	SLNZ	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-2.57%	-1.17%	-1.40%
Max Drawdown (1Y) Largest decline over 1 year	-2.57%	-1.00%	-1.57%
Current Drawdown Current decline from peak	-0.10%	-0.28%	+0.18%
Average Drawdown Average peak-to-trough decline	-0.44%	-0.15%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.22%	+0.60%

Volatility

SLNZ vs. JPLD - Volatility Comparison

TCW Senior Loan ETF (SLNZ) has a higher volatility of 0.85% compared to JPMorgan Limited Duration Bond ETF (JPLD) at 0.54%. This indicates that SLNZ'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.

Volatility by Period

	SLNZ	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	0.54%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	3.89%	1.05%	+2.84%
Volatility (1Y) Calculated over the trailing 1-year period	4.46%	1.48%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.25%	1.84%	+2.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.25%	1.84%	+2.41%

SLNZ vs. JPLD - Expense Ratio Comparison

SLNZ has a 0.65% expense ratio, which is higher than JPLD's 0.24% expense ratio.

Dividends

SLNZ vs. JPLD - Dividend Comparison

SLNZ's dividend yield for the trailing twelve months is around 7.53%, more than JPLD's 4.21% yield.

Position	TTM	2025	2024	2023
JPLD JPMorgan Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%
SLNZ TCW Senior Loan ETF	7.53%	7.39%	1.39%	0.00%

Frequently Asked Questions

Can I hold both SLNZ and JPLD in my portfolio?

SLNZ and JPLD have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLNZ or JPLD?

SLNZ has higher volatility (0.85%) compared to JPLD (0.54%). In terms of maximum drawdown, SLNZ dropped -2.57% vs JPLD's -1.17%.

Which ETF is better, SLNZ or JPLD?

On 1-year performance, SLNZ leads with 4.89% vs 4.19% for JPLD. On fees, JPLD is cheaper at 0.24% per year. On volatility, JPLD has been the lower-risk option at 0.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLNZ or JPLD?

Over the 1-year period, SLNZ has performed better with a 4.89% return vs 4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLNZ or JPLD?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.65% for SLNZ.

Which ETF pays a higher dividend yield, SLNZ or JPLD?

SLNZ has the higher dividend yield at 7.53%, compared with 4.21% for JPLD.

What is the main difference between SLNZ and JPLD?

SLNZ is categorized as Bank Loan, while JPLD is Short-Term Bond. They also come from different issuers: TCW and JPMorgan. Their fees differ too: 0.65% for SLNZ and 0.24% for JPLD.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (2.86 vs 1.10), 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.