BBIB vs. JPIE

Last updated Jun 6, 2026

BBIB (JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - BBIB is a Government Bonds fund tracking the ICE BofA US Treasury Bond (3-10 Y), while JPIE is a Multisector Bonds fund actively managed by JPMorgan. BBIB is passively managed, while JPIE is actively managed. Over the past 3 years, BBIB returned 3.31%/yr vs 6.47%/yr for JPIE. A 0.75 correlation means they provide meaningful diversification when combined. BBIB charges 0.04%/yr vs 0.40%/yr for JPIE.

Performance

BBIB vs. JPIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) 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, BBIB achieves a -0.73% return, which is significantly lower than JPIE's 1.32% return.

BBIB

• 1D: -0.44%
• 1M: -0.90%
• YTD: -0.73%
• 6M: -0.53%
• 1Y: 3.01%
• 3Y*: 3.31%
• 5Y*: —
• 10Y*: —

JPIE

• 1D: -0.20%
• 1M: -0.00%
• YTD: 1.32%
• 6M: 1.83%
• 1Y: 5.70%
• 3Y*: 6.47%
• 5Y*: —
• 10Y*: —

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

BBIB vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF	-0.73%	7.44%	1.28%	1.34%
JPIE JPMorgan Income ETF	1.32%	7.39%	6.32%	4.58%

Correlation

The correlation between BBIB and JPIE is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023	0.75

The correlation between BBIB and JPIE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.

Return for Risk

BBIB vs. JPIE — Risk / Return Rank

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

BBIB

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

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.

BBIB vs. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) 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.

	BBIB	JPIE	Difference
Sharpe ratio: Return per unit of total volatility	0.89	3.58	-2.69
Sortino ratio: Return per unit of downside risk	1.33	5.58	-4.26
Omega ratio: Gain probability vs. loss probability	1.15	1.80	-0.65
Calmar ratio: Return relative to maximum drawdown	1.08	4.99	-3.91
Martin ratio: Return relative to average drawdown	3.17	24.77	-21.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBIB vs. JPIE - Sharpe Ratio Comparison

The current BBIB Sharpe Ratio is 0.89, which is lower than the JPIE Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of BBIB 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

	BBIB	JPIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	3.58	-2.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.97	-0.35

Drawdowns

BBIB vs. JPIE - Drawdown Comparison

The maximum BBIB drawdown since its inception was -6.36%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for BBIB and JPIE.

Drawdown Indicators

	BBIB	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-6.36%	-9.96%	+3.60%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-1.15%	-1.65%
Max Drawdown (3Y) Largest decline over 3 years	-4.31%	-2.40%	-1.91%
Current Drawdown Current decline from peak	-2.35%	-0.24%	-2.11%
Average Drawdown Average peak-to-trough decline	-1.68%	-2.09%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.23%	+0.72%

Volatility

BBIB vs. JPIE - Volatility Comparison

JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) has a higher volatility of 1.10% compared to JPMorgan Income ETF (JPIE) at 0.61%. This indicates that BBIB'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

	BBIB	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.61%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	2.40%	1.29%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.40%	1.60%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.75%	3.52%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.75%	3.52%	+1.23%

BBIB vs. JPIE - Expense Ratio Comparison

BBIB has a 0.04% expense ratio, which is lower than JPIE's 0.40% expense ratio.

Dividends

BBIB vs. JPIE - Dividend Comparison

BBIB's dividend yield for the trailing twelve months is around 3.93%, less than JPIE's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF	3.93%	3.95%	3.76%	2.69%	0.00%	0.00%
JPIE JPMorgan Income ETF	5.63%	5.65%	6.11%	5.70%	4.49%	0.63%

Frequently Asked Questions

Can I hold both BBIB and JPIE in my portfolio?

BBIB and JPIE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBIB or JPIE?

BBIB has higher volatility (1.10%) compared to JPIE (0.61%). In terms of maximum drawdown, BBIB dropped -6.36% vs JPIE's -9.96%.

Which ETF is better, BBIB or JPIE?

On 3-year performance, JPIE leads with 6.47% vs 3.31% for BBIB. On fees, BBIB is cheaper at 0.04% 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, BBIB or JPIE?

Over the 3-year period, JPIE has performed better with a 6.47% return vs 3.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBIB or JPIE?

BBIB is cheaper with a 0.04% expense ratio, compared with 0.40% for JPIE.

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

JPIE has the higher dividend yield at 5.63%, compared with 3.93% for BBIB.

What is the main difference between BBIB and JPIE?

BBIB is categorized as Government Bonds, while JPIE is Multisector Bonds. Their fees differ too: 0.04% for BBIB and 0.40% for JPIE.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.58 vs 0.89), 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.