BBBL vs. JPIE

Last updated Jun 5, 2026

BBBL (Bondbloxx BBB Rated 10+ Year Corporate Bond ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - BBBL is a Long-Term Bond fund tracking the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. BBBL is passively managed, while JPIE is actively managed. Over the past year, BBBL returned 6.99% vs 5.83% for JPIE. A 0.65 correlation means they provide meaningful diversification when combined. BBBL charges 0.19%/yr vs 0.40%/yr for JPIE.

Performance

BBBL vs. JPIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and JPMorgan Income ETF (JPIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BBBL having a 1.50% return and JPIE slightly higher at 1.51%.

BBBL

• 1D: 0.27%
• 1M: 1.28%
• YTD: 1.50%
• 6M: 0.79%
• 1Y: 6.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPIE

• 1D: 0.09%
• 1M: 0.39%
• YTD: 1.51%
• 6M: 1.98%
• 1Y: 5.83%
• 3Y*: 6.55%
• 5Y*: —
• 10Y*: —

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

BBBL vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	1.50%	7.02%	0.89%
JPIE JPMorgan Income ETF	1.51%	7.39%	6.23%

Correlation

The correlation between BBBL and JPIE is 0.68, 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	0.68
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	0.65

The correlation between BBBL and JPIE has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.

Return for Risk

BBBL vs. JPIE — Risk / Return Rank

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

BBBL

BBBL Risk / Return Rank: 25
BBBL Sharpe Ratio Rank: 26
BBBL Sortino Ratio Rank: 25
BBBL Omega Ratio Rank: 24
BBBL Calmar Ratio Rank: 27
BBBL Martin Ratio Rank: 24

JPIE

JPIE Risk / Return Rank: 94
JPIE Sharpe Ratio Rank: 94
JPIE Sortino Ratio Rank: 96
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 88
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.

BBBL vs. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) 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.

	BBBL	JPIE	Difference
Sharpe ratio: Return per unit of total volatility	0.90	3.69	-2.79
Sortino ratio: Return per unit of downside risk	1.32	5.80	-4.48
Omega ratio: Gain probability vs. loss probability	1.16	1.83	-0.67
Calmar ratio: Return relative to maximum drawdown	1.29	5.10	-3.81
Martin ratio: Return relative to average drawdown	3.23	25.31	-22.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBBL vs. JPIE - Sharpe Ratio Comparison

The current BBBL Sharpe Ratio is 0.90, which is lower than the JPIE Sharpe Ratio of 3.69. The chart below compares the historical Sharpe Ratios of BBBL 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.

Sharpe Ratios by Period

	BBBL	JPIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	3.69	-2.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.99	-0.58

Drawdowns

BBBL vs. JPIE - Drawdown Comparison

The maximum BBBL drawdown since its inception was -9.43%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for BBBL and JPIE.

Drawdown Indicators

	BBBL	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-9.43%	-9.96%	+0.53%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-1.15%	-4.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.40%	—
Current Drawdown Current decline from peak	-1.62%	-0.04%	-1.58%
Average Drawdown Average peak-to-trough decline	-3.30%	-2.09%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	0.23%	+1.94%

Volatility

BBBL vs. JPIE - Volatility Comparison

Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) has a higher volatility of 2.39% compared to JPMorgan Income ETF (JPIE) at 0.61%. This indicates that BBBL'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

	BBBL	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	0.61%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	5.75%	1.28%	+4.47%
Volatility (1Y) Calculated over the trailing 1-year period	7.86%	1.59%	+6.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.80%	3.52%	+6.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.80%	3.52%	+6.28%

BBBL vs. JPIE - Expense Ratio Comparison

BBBL has a 0.19% expense ratio, which is lower than JPIE's 0.40% expense ratio.

Dividends

BBBL vs. JPIE - Dividend Comparison

BBBL's dividend yield for the trailing twelve months is around 5.72%, more than JPIE's 5.62% yield.

Position	TTM	2025	2024	2023	2022	2021
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF	5.72%	5.77%	5.19%	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 BBBL and JPIE in my portfolio?

BBBL and JPIE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBBL or JPIE?

BBBL has higher volatility (2.39%) compared to JPIE (0.61%). In terms of maximum drawdown, BBBL dropped -9.43% vs JPIE's -9.96%.

Which ETF is better, BBBL or JPIE?

On 1-year performance, BBBL leads with 6.99% vs 5.83% for JPIE. On fees, BBBL is cheaper at 0.19% per year. On volatility, JPIE has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBBL or JPIE?

Over the 1-year period, BBBL has performed better with a 6.99% return vs 5.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBBL or JPIE?

BBBL is cheaper with a 0.19% expense ratio, compared with 0.40% for JPIE.

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

BBBL has the higher dividend yield at 5.72%, compared with 5.62% for JPIE.

What is the main difference between BBBL and JPIE?

BBBL is categorized as Long-Term Bond, while JPIE is Multisector Bonds. They also come from different issuers: BondBloxx and JPMorgan. Their fees differ too: 0.19% for BBBL and 0.40% for JPIE.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.69 vs 0.90), 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.