ELV vs. JPIE
ELV (Elevance Health, Inc.) is a stock, while JPIE (JPMorgan Income ETF) is Multisector Bonds fund actively managed by JPMorgan. Over the past 3 years, ELV returned -3.60%/yr vs 6.46%/yr for JPIE. At a 0.08 correlation, their price movements are largely independent.
Performance
ELV vs. JPIE - Performance Comparison
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Returns By Period
In the year-to-date period, ELV achieves a 7.45% return, which is significantly higher than JPIE's 1.97% return.
ELV
- 1D
- -4.48%
- 1M
- -6.27%
- 6M
- -1.38%
- YTD
- 7.45%
- 1Y
- 10.49%
- 3Y*
- -3.60%
- 5Y*
- 0.35%
- 10Y*
- 12.24%
JPIE
- 1D
- 0.00%
- 1M
- 0.14%
- 6M
- 1.84%
- YTD
- 1.97%
- 1Y
- 5.40%
- 3Y*
- 6.46%
- 5Y*
- —
- 10Y*
- —
ELV vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ELV Elevance Health, Inc. | 7.45% | -3.14% | -20.72% | -6.89% | 11.83% | 8.41% |
JPIE JPMorgan Income ETF | 1.97% | 7.39% | 6.32% | 7.07% | -6.13% | 0.27% |
Correlation
The correlation between ELV and JPIE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.08 |
The correlation between ELV and JPIE shifts across timeframes, from -0.03 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ELV vs. JPIE — Risk / Return Rank
ELV
JPIE
ELV vs. JPIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elevance Health, Inc. (ELV) 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.
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.
| ELV | JPIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -4.49 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.74 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 4.73 | -4.33 |
| Martin ratioReturn relative to average drawdown | 1.03 | 22.95 | -21.92 |
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Drawdowns
ELV vs. JPIE - Drawdown Comparison
The maximum ELV drawdown since its inception was -67.19%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for ELV and JPIE.
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Drawdown Indicators
| ELV | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.19% | -9.96% | -57.23% |
Max Drawdown (1Y)Largest decline over 1 year | -26.49% | -1.15% | -25.34% |
Max Drawdown (3Y)Largest decline over 3 years | -50.38% | -2.28% | -48.10% |
Max Drawdown (5Y)Largest decline over 5 years | -50.38% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.38% | — | — |
Current DrawdownCurrent decline from peak | -31.23% | 0.00% | -31.23% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -2.05% | -13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.60% | 0.24% | +11.36% |
Volatility
ELV vs. JPIE - Volatility Comparison
Elevance Health, Inc. (ELV) has a higher volatility of 14.30% compared to JPMorgan Income ETF (JPIE) at 0.55%. This indicates that ELV'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.
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Volatility by Period
| ELV | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.30% | 0.55% | +13.75% |
Volatility (6M)Calculated over the trailing 6-month period | 29.89% | 1.38% | +28.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.24% | 1.63% | +37.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.62% | 3.49% | +26.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.12% | 3.49% | +27.63% |
Dividends
ELV vs. JPIE - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.84%, less than JPIE's 5.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health, Inc. | 1.84% | 1.95% | 1.77% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% |
JPIE JPMorgan Income ETF | 5.63% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ELV and JPIE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELV has higher volatility (14.30%) compared to JPIE (0.55%). In terms of maximum drawdown, ELV dropped -67.19% vs JPIE's -9.96%.
JPIE currently has the higher Sharpe Ratio (3.33 vs 0.27), 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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