XES vs. JPLD

Last updated Jun 4, 2026

XES (SPDR S&P Oil & Gas Equipment & Services ETF) and JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) are both exchange-traded funds - XES is a Energy Equities fund tracking the S&P Oil & Gas Equipment & Services Select Industry Index, while JPLD is a Short-Term Bond fund actively managed by JPMorgan. XES is passively managed, while JPLD is actively managed. Over the past year, XES returned 97.14% vs 4.71% for JPLD. At a correlation of -0.08, they often move in opposite directions. XES charges 0.35%/yr vs 0.24%/yr for JPLD.

Performance

XES vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Oil & Gas Equipment & Services ETF (XES) 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, XES achieves a 50.69% return, which is significantly higher than JPLD's 1.04% return.

XES

• 1D: -0.56%
• 1M: -4.59%
• YTD: 50.69%
• 6M: 43.67%
• 1Y: 97.14%
• 3Y*: 19.81%
• 5Y*: 13.75%
• 10Y*: -2.47%

JPLD

• 1D: -0.06%
• 1M: 0.19%
• YTD: 1.04%
• 6M: 1.37%
• 1Y: 4.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XES vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XES SPDR S&P Oil & Gas Equipment & Services ETF	50.69%	5.89%	-5.44%	-10.10%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	1.04%	6.01%	6.49%	3.23%

Correlation

The correlation between XES and JPLD is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	-0.08

XES vs. JPLD - Sectors Allocation Comparison

Sectors	XES	JPLD
Energy	97.5%	0.1%
Industrials	2.5%	0.1%
Basic Materials	-	1.4%
Communication Services	-	10.1%
Consumer Cyclical	-	1.6%
Consumer Defensive	-	0.1%
Financial Services	-	13.7%
Healthcare	-	5.6%
Real Estate	-	7.8%
Technology	-	7.4%
Utilities	-	0.4%

Return for Risk

XES vs. JPLD — Risk / Return Rank

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

XES

XES Risk / Return Rank: 89
XES Sharpe Ratio Rank: 91
XES Sortino Ratio Rank: 85
XES Omega Ratio Rank: 79
XES Calmar Ratio Rank: 96
XES Martin Ratio Rank: 94

JPLD

JPLD Risk / Return Rank: 91
JPLD Sharpe Ratio Rank: 90
JPLD Sortino Ratio Rank: 95
JPLD Omega Ratio Rank: 94
JPLD Calmar Ratio Rank: 85
JPLD Martin Ratio Rank: 90

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.

XES vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Oil & Gas Equipment & Services ETF (XES) 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.

	XES	JPLD	Difference
Sharpe ratio: Return per unit of total volatility	3.23	3.22	+0.01
Sortino ratio: Return per unit of downside risk	3.86	5.29	-1.43
Omega ratio: Gain probability vs. loss probability	1.48	1.68	-0.20
Calmar ratio: Return relative to maximum drawdown	9.93	4.71	+5.22
Martin ratio: Return relative to average drawdown	26.79	21.78	+5.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XES vs. JPLD - Sharpe Ratio Comparison

The current XES Sharpe Ratio is 3.23, which is comparable to the JPLD Sharpe Ratio of 3.22. The chart below compares the historical Sharpe Ratios of XES 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.

Sharpe Ratios by Period

	XES	JPLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.23	3.22	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	3.25	-3.32

Drawdowns

XES vs. JPLD - Drawdown Comparison

The maximum XES drawdown since its inception was -95.65%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for XES and JPLD.

Drawdown Indicators

	XES	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-95.65%	-1.17%	-94.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.84%	-1.00%	-8.84%
Max Drawdown (3Y) Largest decline over 3 years	-45.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-91.23%	—	—
Current Drawdown Current decline from peak	-70.90%	-0.12%	-70.78%
Average Drawdown Average peak-to-trough decline	-54.36%	-0.15%	-54.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	0.22%	+3.42%

Volatility

XES vs. JPLD - Volatility Comparison

SPDR S&P Oil & Gas Equipment & Services ETF (XES) has a higher volatility of 8.22% compared to J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) at 0.37%. This indicates that XES'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

	XES	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	0.37%	+7.85%
Volatility (6M) Calculated over the trailing 6-month period	20.52%	0.97%	+19.55%
Volatility (1Y) Calculated over the trailing 1-year period	30.50%	1.47%	+29.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.04%	1.83%	+37.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.04%	1.83%	+43.21%

XES vs. JPLD - Expense Ratio Comparison

XES has a 0.35% expense ratio, which is higher than JPLD's 0.24% expense ratio.

Dividends

XES vs. JPLD - Dividend Comparison

XES's dividend yield for the trailing twelve months is around 1.12%, less than JPLD's 4.21% 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	4.21%	4.24%	4.47%	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XES SPDR S&P Oil & Gas Equipment & Services ETF	1.12%	1.69%	1.31%	0.66%	0.36%	1.81%	1.33%	1.43%	1.14%	1.68%	0.64%	2.47%

Frequently Asked Questions

Can I hold both XES and JPLD in my portfolio?

XES and JPLD have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XES or JPLD?

XES has higher volatility (8.22%) compared to JPLD (0.37%). In terms of maximum drawdown, XES dropped -95.65% vs JPLD's -1.17%.

Which ETF is better, XES or JPLD?

On 1-year performance, XES leads with 97.14% vs 4.71% for JPLD. On fees, JPLD is cheaper at 0.24% per year. On volatility, JPLD has been the lower-risk option at 0.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XES or JPLD?

Over the 1-year period, XES has performed better with a 97.14% return vs 4.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XES or JPLD?

JPLD is cheaper with a 0.24% expense ratio, compared with 0.35% for XES.

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

JPLD has the higher dividend yield at 4.21%, compared with 1.12% for XES.

What is the main difference between XES and JPLD?

XES is categorized as Energy Equities, while JPLD is Short-Term Bond. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.35% for XES and 0.24% for JPLD.

Which has better risk-adjusted returns?

XES currently has the higher Sharpe Ratio (3.23 vs 3.22), 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.