IBND vs. JPIB
Compare and contrast key facts about SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and JPMorgan International Bond Opportunities ETF (JPIB).
IBND and JPIB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBND is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. It was launched on May 19, 2010. JPIB is an actively managed fund by JPMorgan. It was launched on Apr 5, 2017.
Performance
IBND vs. JPIB - Performance Comparison
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IBND vs. JPIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -2.80% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | -6.15% | 7.24% |
JPIB JPMorgan International Bond Opportunities ETF | -1.04% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -2.17% | 2.61% |
Returns By Period
In the year-to-date period, IBND achieves a -2.80% return, which is significantly lower than JPIB's -1.04% return.
IBND
- 1D
- 1.34%
- 1M
- -4.53%
- YTD
- -2.80%
- 6M
- -2.44%
- 1Y
- 8.16%
- 3Y*
- 5.46%
- 5Y*
- -1.27%
- 10Y*
- 0.50%
JPIB
- 1D
- 0.78%
- 1M
- -2.80%
- YTD
- -1.04%
- 6M
- -0.01%
- 1Y
- 4.84%
- 3Y*
- 5.16%
- 5Y*
- 2.59%
- 10Y*
- —
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IBND vs. JPIB - Expense Ratio Comparison
Both IBND and JPIB have an expense ratio of 0.50%.
Return for Risk
IBND vs. JPIB — Risk / Return Rank
IBND
JPIB
IBND vs. JPIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) and JPMorgan International Bond Opportunities ETF (JPIB). 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.
| IBND | JPIB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.35 | -0.43 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.82 | -0.42 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.28 | -0.10 |
Martin ratioReturn relative to average drawdown | 3.91 | 5.87 | -1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBND | JPIB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.35 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.64 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.79 | -0.65 |
Correlation
The correlation between IBND and JPIB is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IBND vs. JPIB - Dividend Comparison
IBND's dividend yield for the trailing twelve months is around 2.65%, less than JPIB's 4.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.65% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
JPIB JPMorgan International Bond Opportunities ETF | 4.96% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% | 0.00% | 0.00% |
Drawdowns
IBND vs. JPIB - Drawdown Comparison
The maximum IBND drawdown since its inception was -35.62%, which is greater than JPIB's maximum drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for IBND and JPIB.
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Drawdown Indicators
| IBND | JPIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -13.13% | -22.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -3.75% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | -11.83% | -22.49% |
Max Drawdown (10Y)Largest decline over 10 years | -35.62% | — | — |
Current DrawdownCurrent decline from peak | -11.03% | -2.86% | -8.17% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -1.94% | -8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.82% | +1.21% |
Volatility
IBND vs. JPIB - Volatility Comparison
SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a higher volatility of 4.05% compared to JPMorgan International Bond Opportunities ETF (JPIB) at 2.21%. This indicates that IBND's price experiences larger fluctuations and is considered to be riskier than JPIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBND | JPIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 2.21% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 2.60% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 3.60% | +5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.70% | 4.08% | +5.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.94% | 4.45% | +4.49% |