CBFSX vs. USIG
CBFSX (JPMorgan Corporate Bond Fund) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. Over the past 10 years, CBFSX returned 2.88%/yr vs 2.57%/yr for USIG. Their correlation of 0.88 suggests significant overlap in exposure. CBFSX charges 0.50%/yr vs 0.04%/yr for USIG.
Performance
CBFSX vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, CBFSX achieves a 0.41% return, which is significantly lower than USIG's 0.71% return. Over the past 10 years, CBFSX has outperformed USIG with an annualized return of 2.88%, while USIG has yielded a comparatively lower 2.57% annualized return.
CBFSX
- 1D
- 0.24%
- 1M
- 0.89%
- YTD
- 0.41%
- 6M
- 0.49%
- 1Y
- 5.20%
- 3Y*
- 5.40%
- 5Y*
- 0.39%
- 10Y*
- 2.88%
USIG
- 1D
- -0.20%
- 1M
- 0.66%
- YTD
- 0.71%
- 6M
- 0.83%
- 1Y
- 5.29%
- 3Y*
- 5.41%
- 5Y*
- 0.59%
- 10Y*
- 2.57%
CBFSX vs. USIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBFSX JPMorgan Corporate Bond Fund | 0.41% | 7.45% | 2.71% | 9.20% | -16.06% | -0.77% | 10.23% | 15.05% | -2.31% | 6.89% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.71% | 7.86% | 2.56% | 8.71% | -15.30% | -1.34% | 9.44% | 13.99% | -2.21% | 5.75% |
Correlation
The correlation between CBFSX and USIG is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.88 |
The correlation between CBFSX and USIG has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
CBFSX vs. USIG — Risk / Return Rank
CBFSX
USIG
CBFSX vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Corporate Bond Fund (CBFSX) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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.
| CBFSX | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.90 | -0.41 |
| Martin ratioReturn relative to average drawdown | 4.29 | 6.05 | -1.75 |
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Drawdowns
CBFSX vs. USIG - Drawdown Comparison
The maximum CBFSX drawdown since its inception was -22.42%, roughly equal to the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for CBFSX and USIG.
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Drawdown Indicators
| CBFSX | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -22.21% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -2.79% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.62% | -6.10% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -21.45% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -22.42% | -21.45% | -0.97% |
Current DrawdownCurrent decline from peak | -1.38% | -0.81% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -3.41% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 0.88% | +0.33% |
Volatility
CBFSX vs. USIG - Volatility Comparison
JPMorgan Corporate Bond Fund (CBFSX) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG) have volatilities of 1.14% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBFSX | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.14% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 3.13% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 4.10% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.64% | 6.82% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.01% | 6.83% | -0.82% |
CBFSX vs. USIG - Expense Ratio Comparison
CBFSX has a 0.50% expense ratio, which is higher than USIG's 0.04% expense ratio.
Dividends
CBFSX vs. USIG - Dividend Comparison
CBFSX's dividend yield for the trailing twelve months is around 4.52%, less than USIG's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBFSX JPMorgan Corporate Bond Fund | 4.52% | 4.54% | 4.99% | 4.18% | 4.06% | 7.96% | 3.74% | 3.14% | 4.55% | 6.78% | 3.11% | 3.11% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.73% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.94, CBFSX and USIG 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.
USIG has higher volatility (1.14%) compared to CBFSX (1.14%). In terms of maximum drawdown, CBFSX dropped -22.42% vs USIG's -22.21%.
USIG currently has the higher Sharpe Ratio (1.30 vs 1.25), 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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