DANA vs JPLD: Grades, Fees and Holdings Compared

Dana Limited Volatility ETF

DANADNYSE Arca

JPMorgan Limited Duration Bond ETF

JPLDBNYSE Arca

Overlap

No data

Expense ratio

JPLD −0.05pt a year

DANA0.35%JPLD0.30%

Avg volume · 30D

JPLD 89.8×the volume

DANA4.83KJPLD433K

DANA vs JPLD Performance

Dec 31, 2025 – Nov 9, 2026

+1.5%DANA+2.2%JPLD

Expense ratio: DANA 0.35%; JPLD 0.30%, better
Fund size: DANA $18M; JPLD $4.2B
1Y total return: DANA No data; JPLD +2.9%
Yield (12M): DANA No data; JPLD 4.33%
Holdings: DANA 94; JPLD 791
Avg volume (30D): DANA 4.83K sh; JPLD 433K sh, better
NAV per share: DANA $25.04; JPLD $51.58
52W range

ETF.net Grade

Pillar letters and Scores for DANA, JPLD, with each pillar’s weight
Pillar	DANA	JPLD
Cost30% weight	B59	A74Higher
Mission25% weight	F0	C53Higher
Risk15% weight	A74	A81Higher
Tradability15% weight	D27	B58Higher
Holdings10% weight	C48	A88Higher
Durability5% weight	F24	A85Higher

Rank among Core Securitized Bond funds

How we build Categories ›

Same Category. DANA and JPLD are both graded against the same 10 Core Securitized Bond funds, so their Grades compare head to head.

Core Securitized Bond⁠

Category · 10 funds

See all 10 ›

JPLD ranks 2nd and DANA 10th of 10 funds in the Core Securitized Bond Category.

Rank 1AJMBSJanus Henderson Mortgage-Backed Securities ETFScore 76
Rank 2BJPLDJPMorgan Limited Duration Bond ETFScore 69
Rank 3BFSECFIDELITY INVESTMENT GRADE SECURITIZED ETFScore 66
Rank 9CDEEDFirst Trust Securitized Plus ETFScore 44
Rank 10DDANADana Limited Volatility ETFScore 38

Our read on each fund

ETF.net Research

DANADDana Limited Volatility ETF

JPLDBJPMorgan Limited Duration Bond ETF

In short

DANA Dana targets portfolio duration of 0.60 to 2.50 years and an average credit quality of AA-/Aa3, then pays monthly. Grouped with the core bond crowd, it is built more like a short-duration parking spot than a core holding.

JPLD A bond strategy that has been running since 1993 and moved into an ETF wrapper in 2023. Actively managed, securitized-heavy, and steered to a duration of three years or less: income with the interest-rate dial turned down.

Stated mandate

DANA The Fund seeks to preserve capital and provide current income. It is actively managed and primarily invests in high-quality, cash-flow-producing fixed-income securities, focusing on U.S. government securities and investment-grade corporate bonds.

JPLD Seeks a high level of current income while seeking low volatility of principal.

Why people hold it

DANA The mandate is written down, not implied: a 0.60 to 2.50 year duration target and an AA-/Aa3 average credit quality target, straight from the prospectus.sec.gov
Active management at 0.35%, essentially the middle of the pack for its bond cohort, where most rivals simply hold the index.
Monthly income is the stated policy, and the portfolio can hold floating and adjustable-rate paper to soften interest-rate sensitivity.sec.gov
It is the ETF version of Dana's Limited Volatility bond strategy, run by a Wisconsin shop that has been managing money since 1980.danainvestment.com yahoo.com

JPLD Long lineage, new wrapper: it operated as a mutual fund from February 2, 1993 until converting to an ETF in July 2023, same mandate, now traded on an exchange.jpmorgan.com sec.gov
The fee sits below the median of the ten securitized-bond funds in its group, with no waiver expiry to diary.
Securitized engine room: roughly 800 positions in mortgage-backed, asset-backed and mortgage-related debt, with income paid monthly.sec.gov
One of the stronger builds in its securitized-bond peer group, and a multi-billion-dollar fund rather than a thinly backed launch.

Worth knowing

DANA You pay 0.35% here while the cohort's index giants (BND, SPAB, SCHZ) charge 0.03%. The gap buys active short-duration management, not broad market beta.
Small and thinly traded since its December 2025 launch, so spreads matter more than with the household-name bond funds.
Short duration means less rate sensitivity than a core aggregate fund, and a different ride from the intermediate-term bonds it gets screened against.sec.gov

JPLD Three years or less is a target, not a wall. The prospectus says duration can run longer when rates or spreads turn volatile.sec.gov
Active, not an index clone. It is measured against the Bloomberg 1-3 Year U.S. Government/Credit Bond Index but picks its own bonds, so results diverge from that yardstick.sec.gov
Not the cheapest seat in the category: peer JMBS charges 0.21%.

Full DANA profile⁠

Full JPLD profile⁠

DANA vs JPLD Holdings

How DANA and JPLD differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Sector3 Sectors89.2%
Countryby domicile92.3%
Asset classBonds100%

Sector

Sector weights in DANA and JPLD, widest gap first
Sector	Gap	DANA	JPLD
Corporate	JPLD +10.8 points	0.0%	10.8%
Securitized	DANA +7.5 points	85.3%	77.8%
Government	DANA +3.3 points	14.7%	11.4%

Country, concentration and asset class

Country by domicile

Country weights in DANA and JPLD, widest gap first
Country	Gap	DANA	JPLD
United States	DANA +7.7 points	100.0%	92.3%
Cayman Islands	JPLD +2.1 points	0.0%	2.1%
United Kingdom	JPLD +1.8 points	0.0%	1.8%
Spain	JPLD +0.9 points	0.0%	0.9%
Australia	JPLD +0.7 points	0.0%	0.7%
France	JPLD +0.7 points	0.0%	0.7%
Switzerland	JPLD +0.5 points	0.0%	0.5%
Other countries (4)	JPLD +1.1 points	0.0%	1.1%

Concentration

Weight in the 10 largest Holdings

DANA28.8%
JPLD13.3%

Securities held

DANA93
JPLD764

Asset class

DANA: Bonds
JPLD: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. DANA holds 93 securities, JPLD 764.

All DANA holdings⁠All 792 JPLD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DANA vs JPLD Cost

Overpaying DANA vs JPLD

$977

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DANA 0.35%
$7,126
JPLD 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

DANA 0.35%
JPLD 0.30%
Overpaying

Year by year

Year	DANA	JPLD	Overpaying
10	$634	$545	$89
20	$2,454	$2,113	$341
30	$7,126	$6,149	$977

Expense ratio

0.35%DANA
0.30%JPLD, cheaper

JPLD0.30%DANA0.35%

0.21%0.80%

Middle half of Core Securitized Bond funds
Median 0.38%

JPLD 3rd cheapest of 10 funds

DANA 4th cheapest of 10 funds

DANA vs JPLD Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DANA No data; JPLD 4.33%
Payout (12M): DANA No data; JPLD $2.24
Last payment: DANA $0.06; JPLD $0.19
Ex-dividend: DANA Oct 27, 2026; JPLD Nov 2, 2026
Paid on: DANA Oct 28, 2026; JPLD Nov 4, 2026
Frequency: DANA Monthly; JPLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DANAMonthly · 11 paymentsAll DANA payments⁠

JPLDMonthly · 39 paymentsAll JPLD payments⁠

DANA vs JPLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DANA No dataJPLD 1.7%
Return per unit of riskSharpe ratio, 3 years: DANA No dataJPLD 0.67
Worst fallMax drawdown, 5 years: DANA No dataJPLD −1.2%since Jul 2023
Market sensitivityBeta, 5 years: DANA 0.04JPLD 0.27; Market = 1

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