TFLR vs. JPLD
Compare and contrast key facts about T. Rowe Price Floating Rate ETF (TFLR) and J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD).
TFLR and JPLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022. JPLD is an actively managed fund by JPMorgan. It was launched on Feb 2, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFLR or JPLD.
Key characteristics
| TFLR | JPLD | |
|---|---|---|
| YTD Return | 7.52% | 5.61% |
| 1Y Return | 10.20% | 8.04% |
| Sharpe Ratio | 3.98 | 4.27 |
| Sortino Ratio | 6.33 | 7.35 |
| Omega Ratio | 1.95 | 1.97 |
| Calmar Ratio | 9.72 | 11.48 |
| Martin Ratio | 58.12 | 36.49 |
| Ulcer Index | 0.18% | 0.22% |
| Daily Std Dev | 2.58% | 1.90% |
| Max Drawdown | -1.48% | -0.71% |
| Current Drawdown | -0.08% | -0.65% |
Correlation
The correlation between TFLR and JPLD is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TFLR vs. JPLD - Performance Comparison
In the year-to-date period, TFLR achieves a 7.52% return, which is significantly higher than JPLD's 5.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TFLR vs. JPLD - Expense Ratio Comparison
TFLR has a 0.60% expense ratio, which is higher than JPLD's 0.24% expense ratio.
Risk-Adjusted Performance
TFLR vs. JPLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) 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.
Dividends
TFLR vs. JPLD - Dividend Comparison
TFLR's dividend yield for the trailing twelve months is around 8.24%, more than JPLD's 4.48% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 8.24% | 7.76% | 0.58% |
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF | 4.48% | 1.83% | 0.00% |
Drawdowns
TFLR vs. JPLD - Drawdown Comparison
The maximum TFLR drawdown since its inception was -1.48%, which is greater than JPLD's maximum drawdown of -0.71%. Use the drawdown chart below to compare losses from any high point for TFLR and JPLD. For additional features, visit the drawdowns tool.
Volatility
TFLR vs. JPLD - Volatility Comparison
The current volatility for T. Rowe Price Floating Rate ETF (TFLR) is 0.43%, while J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) has a volatility of 0.51%. This indicates that TFLR 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.