BINC vs. JPIE
Compare and contrast key facts about BlackRock Flexible Income ETF (BINC) and JPMorgan Income ETF (JPIE).
BINC and JPIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BINC is an actively managed fund by Blackrock. It was launched on Sep 19, 2023. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BINC or JPIE.
Performance
BINC vs. JPIE - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with BINC having a 5.30% return and JPIE slightly higher at 5.55%.
BINC
5.30%
-0.04%
3.87%
9.28%
N/A
N/A
JPIE
5.55%
-0.09%
4.03%
8.80%
N/A
N/A
Key characteristics
| BINC | JPIE | |
|---|---|---|
| Sharpe Ratio | 3.09 | 3.47 |
| Sortino Ratio | 4.89 | 5.53 |
| Omega Ratio | 1.66 | 1.78 |
| Calmar Ratio | 7.23 | 3.14 |
| Martin Ratio | 21.45 | 23.15 |
| Ulcer Index | 0.43% | 0.39% |
| Daily Std Dev | 2.99% | 2.59% |
| Max Drawdown | -1.95% | -9.96% |
| Current Drawdown | -0.66% | -0.63% |
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BINC vs. JPIE - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is lower than JPIE's 0.41% expense ratio.
Correlation
The correlation between BINC and JPIE is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BINC vs. JPIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Flexible Income ETF (BINC) 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.
Dividends
BINC vs. JPIE - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.53%, less than JPIE's 6.19% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BINC BlackRock Flexible Income ETF | 5.53% | 3.13% | 0.00% | 0.00% |
JPIE JPMorgan Income ETF | 6.19% | 5.70% | 4.49% | 0.63% |
Drawdowns
BINC vs. JPIE - Drawdown Comparison
The maximum BINC drawdown since its inception was -1.95%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for BINC and JPIE. For additional features, visit the drawdowns tool.
Volatility
BINC vs. JPIE - Volatility Comparison
BlackRock Flexible Income ETF (BINC) has a higher volatility of 0.60% compared to JPMorgan Income ETF (JPIE) at 0.48%. This indicates that BINC'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.