SPTS vs. JPLD

Last updated Jun 16, 2026

SPTS (SPDR Portfolio Short Term Treasury ETF) and JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) are both exchange-traded funds - SPTS is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. SPTS is passively managed, while JPLD is actively managed. Over the past year, SPTS returned 3.52% vs 4.65% for JPLD. A 0.69 correlation means they provide meaningful diversification when combined. SPTS charges 0.03%/yr vs 0.24%/yr for JPLD.

Performance

SPTS vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Short Term Treasury ETF (SPTS) and J P Morgan Exchange-Traded Fund Trust - 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, SPTS achieves a 0.65% return, which is significantly lower than JPLD's 1.25% return.

SPTS

• 1D: 0.10%
• 1M: 0.36%
• YTD: 0.65%
• 6M: 0.88%
• 1Y: 3.52%
• 3Y*: 4.33%
• 5Y*: 1.88%
• 10Y*: 1.65%

JPLD

• 1D: 0.06%
• 1M: 0.39%
• YTD: 1.25%
• 6M: 1.51%
• 1Y: 4.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPTS vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPTS SPDR Portfolio Short Term Treasury ETF	0.65%	5.05%	4.20%	2.96%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	1.25%	6.01%	6.49%	3.15%

Correlation

The correlation between SPTS and JPLD is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Jul 31, 2023	0.69

The correlation between SPTS and JPLD has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

Return for Risk

SPTS vs. JPLD — Risk / Return Rank

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

SPTS

SPTS Risk / Return Rank: 90
SPTS Sharpe Ratio Rank: 90
SPTS Sortino Ratio Rank: 95
SPTS Omega Ratio Rank: 93
SPTS Calmar Ratio Rank: 85
SPTS Martin Ratio Rank: 87

JPLD

JPLD Risk / Return Rank: 93
JPLD Sharpe Ratio Rank: 94
JPLD Sortino Ratio Rank: 96
JPLD Omega Ratio Rank: 95
JPLD Calmar Ratio Rank: 88
JPLD Martin Ratio Rank: 93

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.

SPTS vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Short Term Treasury ETF (SPTS) 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.

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.

	SPTS	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	2.73	3.25	-0.52
Sortino ratio: Return per unit of downside risk	4.64	5.25	-0.61
Omega ratio: Gain probability vs. loss probability	1.57	1.68	-0.10
Calmar ratio: Return relative to maximum drawdown	4.21	4.65	-0.44
Martin ratio: Return relative to average drawdown	16.65	21.55	-4.90

SPTS vs. JPLD - Sharpe Ratio Comparison

The current SPTS Sharpe Ratio is 2.73, which is comparable to the JPLD Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of SPTS 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

SPTS vs. JPLD - Drawdown Comparison

The maximum SPTS drawdown since its inception was -5.83%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for SPTS and JPLD.

Drawdown Indicators

	SPTS	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-5.83%	-1.17%	-4.66%
Max Drawdown (1Y) Largest decline over 1 year	-0.84%	-1.00%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-0.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-5.71%	—	—
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-1.72%	-0.15%	-1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.21%	0.22%	-0.01%

Volatility

SPTS vs. JPLD - Volatility Comparison

The current volatility for SPDR Portfolio Short Term Treasury ETF (SPTS) is 0.35%, while J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) has a volatility of 0.38%. This indicates that SPTS experiences smaller price fluctuations and is considered to be less risky than JPLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPTS	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	0.38%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	0.87%	0.97%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	1.30%	1.44%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.99%	1.83%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.71%	1.83%	-0.12%

SPTS vs. JPLD - Expense Ratio Comparison

SPTS has a 0.03% expense ratio, which is lower than JPLD's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPTS vs. JPLD - Dividend Comparison

SPTS's dividend yield for the trailing twelve months is around 3.90%, less than JPLD's 4.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.20%	4.24%	4.47%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPTS SPDR Portfolio Short Term Treasury ETF	3.90%	3.99%	4.25%	3.61%	1.27%	0.19%	0.70%	2.21%	2.04%	1.20%	0.95%	0.83%

Frequently Asked Questions

Can I hold both SPTS and JPLD in my portfolio?

SPTS and JPLD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPTS or JPLD?

JPLD has higher volatility (0.38%) compared to SPTS (0.35%). In terms of maximum drawdown, SPTS dropped -5.83% vs JPLD's -1.17%.

Which ETF is better, SPTS or JPLD?

On 1-year performance, JPLD leads with 4.65% vs 3.52% for SPTS. On fees, SPTS is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTS or JPLD?

Over the 1-year period, JPLD has performed better with a 4.65% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTS or JPLD?

SPTS is cheaper with a 0.03% expense ratio, compared with 0.24% for JPLD.

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

JPLD has the higher dividend yield at 4.20%, compared with 3.90% for SPTS.

What is the main difference between SPTS and JPLD?

SPTS is categorized as Government Bonds, while JPLD is Short-Term Bond. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.03% for SPTS and 0.24% for JPLD.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (3.25 vs 2.73), 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.