JPLD vs SPY
JPLD vs SPY
JPMorgan Limited Duration Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JPLD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.09% | |
| AUM | $4.0B | $789.1B | |
| Dividend Yield | 4.24% | 1.01% | |
| Holdings | 670 | 505 | |
| YTD Return | +1.62% | +9.93% | |
| 1Y Return | +4.12% | +19.50% | |
| 3Y Return (annualized) | +5.76% | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 1.5% | 15.3% | |
| Max Drawdown | -1.2% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 28, 2023 | Jan 22, 1993 |
JPLD vs SPY Performance
JPMorgan Limited Duration Bond ETF (JPLD) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JPLD returned +4.12% while SPY returned +19.50%. Year to date, JPLD is up 1.62% versus a gain of 9.93% for SPY.
Over three years, JPLD compounded at +5.76% per year against +19.33% for SPY. Across the full 3-year window we track, SPY has the edge at +8.74% annualized vs +5.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 1.5% for JPLD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -1.2% for JPLD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPLD charges 0.24% per year while SPY charges 0.09%. On a $10,000 position that is $24 vs $9 annually, a gap of $15 per year that compounds over a long holding period. On income, JPLD currently yields 4.24% against 1.01% for SPY.
Holdings Overlap
JPLD and SPY share 0 holdings out of 684 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JPLD or SPY?
JPLD has an expense ratio of 0.24% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, JPLD or SPY?
Over the past year JPLD returned +4.12% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), JPLD annualized +5.78% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, JPLD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 1.5% for JPLD. Worst drawdown: JPLD -1.2% vs SPY -56.5%.
Should I hold both JPLD and SPY?
JPLD and SPY have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPLD and SPY?
JPLD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 684 unique securities.
Which pays a higher dividend, JPLD or SPY?
JPLD yields 4.24% while SPY yields 1.01%, so JPLD currently pays the higher dividend yield.
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