FBND vs. JQUA

Last updated Jun 9, 2026

FBND (Fidelity Total Bond ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both exchange-traded funds - FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity, while JQUA is a Large Cap Blend Equities fund tracking the JP Morgan US Quality Factor Index. FBND is actively managed, while JQUA is passively managed. Over the past 5 years, FBND returned 0.68%/yr vs 13.33%/yr for JQUA. At a 0.20 correlation, their price movements are largely independent. FBND charges 0.36%/yr vs 0.12%/yr for JQUA.

Performance

FBND vs. JQUA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Total Bond ETF (FBND) and JPMorgan U.S. Quality Factor ETF (JQUA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBND achieves a 0.10% return, which is significantly lower than JQUA's 11.39% return.

FBND

• 1D: -0.07%
• 1M: -0.69%
• YTD: 0.10%
• 6M: 0.40%
• 1Y: 5.34%
• 3Y*: 4.60%
• 5Y*: 0.68%
• 10Y*: 2.47%

JQUA

• 1D: 0.41%
• 1M: 2.90%
• YTD: 11.39%
• 6M: 11.55%
• 1Y: 19.08%
• 3Y*: 19.51%
• 5Y*: 13.33%
• 10Y*: —

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

FBND vs. JQUA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBND Fidelity Total Bond ETF	0.10%	7.57%	2.13%	6.81%	-12.54%	-0.43%	9.41%	9.82%	-0.57%	0.23%
JQUA JPMorgan U.S. Quality Factor ETF	11.39%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-2.98%	5.07%

Correlation

The correlation between FBND and JQUA is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.20

The correlation between FBND and JQUA shifts across timeframes, from 0.20 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.

FBND vs. JQUA - Sectors Allocation Comparison

Sectors	FBND	JQUA
Industrials	71.4%	7.4%
Utilities	27.5%	2.1%
Energy	1.1%	3.1%
Financial Services	0.2%	10.0%
Basic Materials	-	0.8%
Communication Services	-	5.5%
Consumer Cyclical	-	9.1%
Consumer Defensive	-	5.2%
Healthcare	-	7.1%
Real Estate	-	2.1%
Technology	-	42.9%

Return for Risk

FBND vs. JQUA — Risk / Return Rank

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

FBND

FBND Risk / Return Rank: 44
FBND Sharpe Ratio Rank: 45
FBND Sortino Ratio Rank: 47
FBND Omega Ratio Rank: 41
FBND Calmar Ratio Rank: 45
FBND Martin Ratio Rank: 40

JQUA

JQUA Risk / Return Rank: 57
JQUA Sharpe Ratio Rank: 54
JQUA Sortino Ratio Rank: 53
JQUA Omega Ratio Rank: 51
JQUA Calmar Ratio Rank: 60
JQUA Martin Ratio Rank: 67

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.

FBND vs. JQUA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Total Bond ETF (FBND) and JPMorgan U.S. Quality Factor ETF (JQUA). 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.

	FBND	JQUA	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.66	-0.25
Sortino ratio: Return per unit of downside risk	2.09	2.34	-0.25
Omega ratio: Gain probability vs. loss probability	1.25	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	2.01	2.69	-0.68
Martin ratio: Return relative to average drawdown	5.97	11.21	-5.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBND vs. JQUA - Sharpe Ratio Comparison

The current FBND Sharpe Ratio is 1.41, which is comparable to the JQUA Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of FBND and JQUA, 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

	FBND	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	1.66	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.86	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.81	-0.38

Drawdowns

FBND vs. JQUA - Drawdown Comparison

The maximum FBND drawdown since its inception was -17.25%, smaller than the maximum JQUA drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for FBND and JQUA.

Drawdown Indicators

	FBND	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-17.25%	-32.92%	+15.67%
Max Drawdown (1Y) Largest decline over 1 year	-2.66%	-7.13%	+4.47%
Max Drawdown (3Y) Largest decline over 3 years	-5.94%	-16.81%	+10.87%
Max Drawdown (5Y) Largest decline over 5 years	-17.25%	-22.47%	+5.22%
Max Drawdown (10Y) Largest decline over 10 years	-17.25%	—	—
Current Drawdown Current decline from peak	-1.82%	-2.69%	+0.87%
Average Drawdown Average peak-to-trough decline	-3.35%	-4.16%	+0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.71%	-0.81%

Volatility

FBND vs. JQUA - Volatility Comparison

The current volatility for Fidelity Total Bond ETF (FBND) is 1.23%, while JPMorgan U.S. Quality Factor ETF (JQUA) has a volatility of 4.16%. This indicates that FBND experiences smaller price fluctuations and is considered to be less risky than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBND	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	4.16%	-2.93%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	8.82%	-6.07%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	11.57%	-7.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.92%	15.66%	-9.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.10%	18.01%	-11.91%

FBND vs. JQUA - Expense Ratio Comparison

FBND has a 0.36% expense ratio, which is higher than JQUA's 0.12% expense ratio.

Dividends

FBND vs. JQUA - Dividend Comparison

FBND's dividend yield for the trailing twelve months is around 4.72%, more than JQUA's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBND Fidelity Total Bond ETF	4.72%	4.70%	4.73%	4.26%	3.07%	1.86%	4.25%	2.90%	2.93%	2.56%	2.84%	3.26%
JQUA JPMorgan U.S. Quality Factor ETF	1.10%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBND and JQUA in my portfolio?

FBND and JQUA have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBND or JQUA?

JQUA has higher volatility (4.16%) compared to FBND (1.23%). In terms of maximum drawdown, FBND dropped -17.25% vs JQUA's -32.92%.

Which ETF is better, FBND or JQUA?

On 5-year performance, JQUA leads with 13.33% vs 0.68% for FBND. On fees, JQUA is cheaper at 0.12% per year. On volatility, FBND has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FBND or JQUA?

Over the 5-year period, JQUA has performed better with a 13.33% return vs 0.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FBND or JQUA?

JQUA is cheaper with a 0.12% expense ratio, compared with 0.36% for FBND.

Which ETF pays a higher dividend yield, FBND or JQUA?

FBND has the higher dividend yield at 4.72%, compared with 1.10% for JQUA.

What is the main difference between FBND and JQUA?

FBND is categorized as Intermediate Core-Plus Bond, while JQUA is Large Cap Blend Equities. They also come from different issuers: Fidelity and JPMorgan. Their fees differ too: 0.36% for FBND and 0.12% for JQUA.

Which has better risk-adjusted returns?

JQUA currently has the higher Sharpe Ratio (1.66 vs 1.41), 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.