ZTRE vs. JPLD

Last updated Jun 3, 2026

ZTRE (F/M 3-Year Investment Grade Corporate Bond ETF) and JPLD (J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF) are both Short-Term Bond funds. ZTRE is passively managed, while JPLD is actively managed. Over the past year, ZTRE returned 4.29% vs 4.75% for JPLD. A 0.72 correlation means they provide meaningful diversification when combined. ZTRE charges 0.15%/yr vs 0.24%/yr for JPLD.

Performance

ZTRE vs. JPLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) 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, ZTRE achieves a 0.57% return, which is significantly lower than JPLD's 1.10% return.

ZTRE

• 1D: 0.00%
• 1M: 0.14%
• YTD: 0.57%
• 6M: 1.09%
• 1Y: 4.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPLD

• 1D: 0.00%
• 1M: 0.09%
• YTD: 1.10%
• 6M: 1.49%
• 1Y: 4.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZTRE vs. JPLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF	0.57%	6.60%	0.38%
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	1.10%	6.01%	0.19%

Correlation

The correlation between ZTRE and JPLD is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Dec 20, 2024	0.72

The correlation between ZTRE and JPLD has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

Return for Risk

ZTRE vs. JPLD — Risk / Return Rank

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

ZTRE

ZTRE Risk / Return Rank: 68
ZTRE Sharpe Ratio Rank: 68
ZTRE Sortino Ratio Rank: 78
ZTRE Omega Ratio Rank: 73
ZTRE Calmar Ratio Rank: 58
ZTRE Martin Ratio Rank: 64

JPLD

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

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.

ZTRE vs. JPLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) 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.

	ZTRE	JPLD	Difference
Sharpe ratio Return per unit of total volatility	2.29	3.25	-0.97
Sortino ratio Return per unit of downside risk	3.56	5.34	-1.78
Omega ratio Gain probability vs. loss probability	1.45	1.69	-0.24
Calmar ratio Return relative to maximum drawdown	2.93	4.65	-1.72
Martin ratio Return relative to average drawdown	11.96	21.57	-9.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZTRE vs. JPLD - Sharpe Ratio Comparison

The current ZTRE Sharpe Ratio is 2.29, which is comparable to the JPLD Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of ZTRE 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

	ZTRE	JPLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	3.25	-0.97
Sharpe Ratio (All Time) Calculated using the full available price history	2.50	3.27	-0.77

Drawdowns

ZTRE vs. JPLD - Drawdown Comparison

The maximum ZTRE drawdown since its inception was -1.45%, which is greater than JPLD's maximum drawdown of -1.17%. Use the drawdown chart below to compare losses from any high point for ZTRE and JPLD.

Drawdown Indicators

	ZTRE	JPLD	Difference
Max Drawdown Largest peak-to-trough decline	-1.45%	-1.17%	-0.28%
Max Drawdown (1Y) Largest decline over 1 year	-1.45%	-1.00%	-0.45%
Current Drawdown Current decline from peak	-0.24%	-0.06%	-0.18%
Average Drawdown Average peak-to-trough decline	-0.20%	-0.15%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	0.22%	+0.14%

Volatility

ZTRE vs. JPLD - Volatility Comparison

F/M 3-Year Investment Grade Corporate Bond ETF (ZTRE) has a higher volatility of 0.64% compared to J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF (JPLD) at 0.40%. This indicates that ZTRE'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

	ZTRE	JPLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	0.40%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	1.42%	0.98%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	1.88%	1.47%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.10%	1.83%	+0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.10%	1.83%	+0.27%

ZTRE vs. JPLD - Expense Ratio Comparison

ZTRE has a 0.15% 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

ZTRE vs. JPLD - Dividend Comparison

ZTRE's dividend yield for the trailing twelve months is around 4.22%, which matches JPLD's 4.21% yield.

Position	TTM	2025	2024	2023
JPLD J P Morgan Exchange-Traded Fund Trust - Limited Duration Bond ETF	4.21%	4.24%	4.47%	1.83%
ZTRE F/M 3-Year Investment Grade Corporate Bond ETF	4.22%	4.37%	0.39%	0.00%

Frequently Asked Questions

Can I hold both ZTRE and JPLD in my portfolio?

ZTRE and JPLD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZTRE or JPLD?

ZTRE has higher volatility (0.64%) compared to JPLD (0.40%). In terms of maximum drawdown, ZTRE dropped -1.45% vs JPLD's -1.17%.

Which ETF is better, ZTRE or JPLD?

On 1-year performance, JPLD leads with 4.75% vs 4.29% for ZTRE. On fees, ZTRE is cheaper at 0.15% per year. On volatility, JPLD has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ZTRE or JPLD?

Over the 1-year period, JPLD has performed better with a 4.75% return vs 4.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ZTRE or JPLD?

ZTRE is cheaper with a 0.15% expense ratio, compared with 0.24% for JPLD.

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

ZTRE has the higher dividend yield at 4.22%, compared with 4.21% for JPLD.

What is the main difference between ZTRE and JPLD?

They also come from different issuers: F/m and JPMorgan. Their fees differ too: 0.15% for ZTRE and 0.24% for JPLD.

Which has better risk-adjusted returns?

JPLD currently has the higher Sharpe Ratio (3.25 vs 2.29), 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.