ICSH vs. JAGG
Compare and contrast key facts about iShares Ultra Short-Term Bond ETF (ICSH) and JPMorgan U.S. Aggregate Bond ETF (JAGG).
ICSH and JAGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013. JAGG is an actively managed fund by JPMorgan Chase. It was launched on Dec 12, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICSH or JAGG.
Key characteristics
| ICSH | JAGG | |
|---|---|---|
| YTD Return | 1.59% | -1.47% |
| 1Y Return | 5.55% | 0.18% |
| 3Y Return (Ann) | 2.71% | -3.25% |
| 5Y Return (Ann) | 2.36% | -0.05% |
| Sharpe Ratio | 11.20 | 0.12 |
| Daily Std Dev | 0.50% | 6.74% |
| Max Drawdown | -3.94% | -18.86% |
| Current Drawdown | 0.00% | -12.16% |
Correlation
The correlation between ICSH and JAGG is 0.37, 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.
Performance
ICSH vs. JAGG - Performance Comparison
In the year-to-date period, ICSH achieves a 1.59% return, which is significantly higher than JAGG's -1.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ICSH vs. JAGG - Expense Ratio Comparison
ICSH has a 0.08% expense ratio, which is higher than JAGG's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ICSH vs. JAGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short-Term Bond ETF (ICSH) and JPMorgan U.S. Aggregate Bond ETF (JAGG). 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
ICSH vs. JAGG - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 5.03%, more than JAGG's 4.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short-Term Bond ETF | 5.03% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% | 0.46% |
JAGG JPMorgan U.S. Aggregate Bond ETF | 4.03% | 3.60% | 2.23% | 1.44% | 2.11% | 2.78% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ICSH vs. JAGG - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, smaller than the maximum JAGG drawdown of -18.86%. Use the drawdown chart below to compare losses from any high point for ICSH and JAGG. For additional features, visit the drawdowns tool.
Volatility
ICSH vs. JAGG - Volatility Comparison
The current volatility for iShares Ultra Short-Term Bond ETF (ICSH) is 0.12%, while JPMorgan U.S. Aggregate Bond ETF (JAGG) has a volatility of 0.85%. This indicates that ICSH experiences smaller price fluctuations and is considered to be less risky than JAGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.