BBAG vs. JCPB
BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) and JCPB (JPMorgan Core Plus Bond ETF) are both exchange-traded funds - BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index, while JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan. BBAG is passively managed, while JCPB is actively managed. Over the past 5 years, BBAG returned -0.04%/yr vs 1.10%/yr for JCPB. Their correlation of 0.83 suggests significant overlap in exposure. BBAG charges 0.03%/yr vs 0.38%/yr for JCPB.
Performance
BBAG vs. JCPB - Performance Comparison
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Returns By Period
In the year-to-date period, BBAG achieves a 0.33% return, which is significantly lower than JCPB's 0.88% return.
BBAG
- 1D
- -0.32%
- 1M
- 0.63%
- YTD
- 0.33%
- 6M
- 0.51%
- 1Y
- 4.45%
- 3Y*
- 3.86%
- 5Y*
- -0.04%
- 10Y*
- —
JCPB
- 1D
- 0.11%
- 1M
- 0.75%
- YTD
- 0.88%
- 6M
- 1.01%
- 1Y
- 5.28%
- 3Y*
- 5.17%
- 5Y*
- 1.10%
- 10Y*
- —
BBAG vs. JCPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 0.33% | 7.27% | 1.26% | 5.41% | -13.26% | -1.79% | 7.31% | 7.87% |
JCPB JPMorgan Core Plus Bond ETF | 0.88% | 7.98% | 2.96% | 7.13% | -12.90% | -0.51% | 9.19% | 7.76% |
Correlation
The correlation between BBAG and JCPB is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2019 | 0.83 |
The correlation between BBAG and JCPB shifts across timeframes, from 0.83 (all time) to 0.97 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBAG vs. JCPB — Risk / Return Rank
BBAG
JCPB
BBAG vs. JCPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) and JPMorgan Core Plus Bond ETF (JCPB). 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.
| BBAG | JCPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.95 | -0.34 |
| Martin ratioReturn relative to average drawdown | 4.54 | 5.62 | -1.08 |
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Drawdowns
BBAG vs. JCPB - Drawdown Comparison
The maximum BBAG drawdown since its inception was -18.73%, which is greater than JCPB's maximum drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for BBAG and JCPB.
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Drawdown Indicators
| BBAG | JCPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.73% | -16.67% | -2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.71% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -6.18% | -5.97% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -16.67% | -1.39% |
Current DrawdownCurrent decline from peak | -2.69% | -1.19% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -6.20% | -4.24% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.94% | +0.04% |
Volatility
BBAG vs. JCPB - Volatility Comparison
JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) has a higher volatility of 1.13% compared to JPMorgan Core Plus Bond ETF (JCPB) at 1.06%. This indicates that BBAG's price experiences larger fluctuations and is considered to be riskier than JCPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBAG | JCPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.06% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.82% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.89% | 3.73% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 5.39% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.79% | 5.04% | +0.75% |
BBAG vs. JCPB - Expense Ratio Comparison
BBAG has a 0.03% expense ratio, which is lower than JCPB's 0.38% expense ratio.
Dividends
BBAG vs. JCPB - Dividend Comparison
BBAG's dividend yield for the trailing twelve months is around 4.36%, less than JCPB's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 4.36% | 4.29% | 4.25% | 3.60% | 2.23% | 1.44% | 2.26% | 2.92% | 0.16% |
JCPB JPMorgan Core Plus Bond ETF | 4.91% | 4.90% | 5.16% | 4.32% | 3.01% | 2.19% | 2.97% | 3.01% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, BBAG and JCPB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BBAG has higher volatility (1.13%) compared to JCPB (1.06%). In terms of maximum drawdown, BBAG dropped -18.73% vs JCPB's -16.67%.
On 5-year performance, JCPB leads with 1.10% vs -0.04% for BBAG. On fees, BBAG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JCPB has performed better with a 1.10% return vs -0.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBAG is cheaper with a 0.03% expense ratio, compared with 0.38% for JCPB.
JCPB has the higher dividend yield at 4.91%, compared with 4.36% for BBAG.
BBAG is categorized as Intermediate Core Bond, while JCPB is Intermediate Core-Plus Bond. Their fees differ too: 0.03% for BBAG and 0.38% for JCPB.
JCPB currently has the higher Sharpe Ratio (1.43 vs 1.15), 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.
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