AINP vs. JPIE

Last updated Jun 24, 2026

AINP (Allspring Income Plus ETF) and JPIE (JPMorgan Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, AINP returned 5.88% vs 5.35% for JPIE. A 0.69 correlation means they provide meaningful diversification when combined. AINP charges 0.36%/yr vs 0.40%/yr for JPIE.

Performance

AINP vs. JPIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Income Plus ETF (AINP) and JPMorgan Income ETF (JPIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AINP achieves a 1.57% return, which is significantly higher than JPIE's 1.49% return.

AINP

• 1D: 0.28%
• 1M: 0.97%
• YTD: 1.57%
• 6M: 1.75%
• 1Y: 5.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPIE

• 1D: 0.02%
• 1M: 0.50%
• YTD: 1.49%
• 6M: 1.65%
• 1Y: 5.35%
• 3Y*: 6.60%
• 5Y*: —
• 10Y*: —

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

AINP vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AINP Allspring Income Plus ETF	1.57%	7.53%	-1.22%
JPIE JPMorgan Income ETF	1.49%	7.39%	0.06%

Correlation

The correlation between AINP and JPIE is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.69

The correlation between AINP and JPIE has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.

Return for Risk

AINP vs. JPIE — Risk / Return Rank

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

AINP

AINP Risk / Return Rank: 59
AINP Sharpe Ratio Rank: 57
AINP Sortino Ratio Rank: 64
AINP Omega Ratio Rank: 63
AINP Calmar Ratio Rank: 52
AINP Martin Ratio Rank: 59

JPIE

JPIE Risk / Return Rank: 93
JPIE Sharpe Ratio Rank: 94
JPIE Sortino Ratio Rank: 96
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 86
JPIE Martin Ratio Rank: 93

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.

AINP vs. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Income Plus ETF (AINP) and JPMorgan Income ETF (JPIE). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AINP	JPIE	Difference
Sharpe ratio: Return per unit of total volatility	1.78	3.33	-1.55
Sortino ratio: Return per unit of downside risk	2.71	5.14	-2.43
Omega ratio: Gain probability vs. loss probability	1.35	1.74	-0.39
Calmar ratio: Return relative to maximum drawdown	2.36	4.68	-2.32
Martin ratio: Return relative to average drawdown	9.63	22.79	-13.16

AINP vs. JPIE - Sharpe Ratio Comparison

The current AINP Sharpe Ratio is 1.78, which is lower than the JPIE Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of AINP and JPIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AINP vs. JPIE - Drawdown Comparison

The maximum AINP drawdown since its inception was -2.61%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for AINP and JPIE.

Drawdown Indicators

	AINP	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-9.96%	+7.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	-1.15%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.40%	—
Current Drawdown Current decline from peak	-0.13%	-0.33%	+0.20%
Average Drawdown Average peak-to-trough decline	-0.46%	-2.07%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	0.24%	+0.37%

Volatility

AINP vs. JPIE - Volatility Comparison

Allspring Income Plus ETF (AINP) has a higher volatility of 0.98% compared to JPMorgan Income ETF (JPIE) at 0.59%. This indicates that AINP's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AINP	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	0.59%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	2.51%	1.34%	+1.17%
Volatility (1Y) Calculated over the trailing 1-year period	3.32%	1.61%	+1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.62%	3.51%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.62%	3.51%	+0.11%

AINP vs. JPIE - Expense Ratio Comparison

AINP has a 0.36% expense ratio, which is lower than JPIE's 0.40% expense ratio.

Dividends

AINP vs. JPIE - Dividend Comparison

AINP's dividend yield for the trailing twelve months is around 5.76%, more than JPIE's 5.62% yield.

Position	TTM	2025	2024	2023	2022	2021
AINP Allspring Income Plus ETF	5.76%	5.03%	0.47%	0.00%	0.00%	0.00%
JPIE JPMorgan Income ETF	5.62%	5.65%	6.11%	5.70%	4.49%	0.63%

Frequently Asked Questions

Can I hold both AINP and JPIE in my portfolio?

AINP and JPIE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AINP or JPIE?

AINP has higher volatility (0.98%) compared to JPIE (0.59%). In terms of maximum drawdown, AINP dropped -2.61% vs JPIE's -9.96%.

Which ETF is better, AINP or JPIE?

On 1-year performance, AINP leads with 5.88% vs 5.35% for JPIE. On fees, AINP is cheaper at 0.36% per year. On volatility, JPIE has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AINP or JPIE?

Over the 1-year period, AINP has performed better with a 5.88% return vs 5.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AINP or JPIE?

AINP is cheaper with a 0.36% expense ratio, compared with 0.40% for JPIE.

Which ETF pays a higher dividend yield, AINP or JPIE?

AINP has the higher dividend yield at 5.76%, compared with 5.62% for JPIE.

What is the main difference between AINP and JPIE?

They also come from different issuers: Allspring and JPMorgan. Their fees differ too: 0.36% for AINP and 0.40% for JPIE.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.33 vs 1.78), 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.