IVLU vs. JPIB
IVLU (iShares MSCI International Value Factor ETF) and JPIB (JPMorgan International Bond Opportunities ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index, while JPIB is a Global Bonds fund actively managed by JPMorgan. IVLU is passively managed, while JPIB is actively managed. Over the past 5 years, IVLU returned 14.06%/yr vs 2.76%/yr for JPIB. At a 0.33 correlation, their price movements are largely independent. IVLU charges 0.30%/yr vs 0.50%/yr for JPIB.
Performance
IVLU vs. JPIB - Performance Comparison
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Returns By Period
In the year-to-date period, IVLU achieves a 12.96% return, which is significantly higher than JPIB's 1.10% return.
IVLU
- 1D
- 0.56%
- 1M
- 0.66%
- YTD
- 12.96%
- 6M
- 14.33%
- 1Y
- 35.32%
- 3Y*
- 23.53%
- 5Y*
- 14.06%
- 10Y*
- 11.63%
JPIB
- 1D
- 0.17%
- 1M
- 1.08%
- YTD
- 1.10%
- 6M
- 1.62%
- 1Y
- 5.24%
- 3Y*
- 5.93%
- 5Y*
- 2.76%
- 10Y*
- —
IVLU vs. JPIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI International Value Factor ETF | 12.96% | 46.09% | 6.76% | 20.07% | -5.73% | 15.60% | -4.50% | 15.60% | -15.10% | 10.96% |
JPIB JPMorgan International Bond Opportunities ETF | 1.10% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -2.17% | 2.61% |
Correlation
The correlation between IVLU and JPIB is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2017 | 0.33 |
Over the past year, IVLU and JPIB have become more correlated (0.60) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
IVLU vs. JPIB — Risk / Return Rank
IVLU
JPIB
IVLU vs. JPIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI International Value Factor ETF (IVLU) 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.
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.
| IVLU | JPIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 1.29 | +1.61 |
| Martin ratioReturn relative to average drawdown | 11.01 | 4.42 | +6.59 |
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Drawdowns
IVLU vs. JPIB - Drawdown Comparison
The maximum IVLU drawdown since its inception was -41.85%, which is greater than JPIB's maximum drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for IVLU and JPIB.
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Drawdown Indicators
| IVLU | JPIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.85% | -13.13% | -28.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -3.75% | -7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.48% | -3.75% | -11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.04% | -11.83% | -14.21% |
Max Drawdown (10Y)Largest decline over 10 years | -41.85% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.77% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -1.93% | -6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.09% | +2.00% |
Volatility
IVLU vs. JPIB - Volatility Comparison
iShares MSCI International Value Factor ETF (IVLU) has a higher volatility of 5.44% compared to JPMorgan International Bond Opportunities ETF (JPIB) at 1.19%. This indicates that IVLU'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
| IVLU | JPIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 1.19% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.85% | 3.07% | +9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.65% | 3.58% | +12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 4.12% | +12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 4.44% | +13.22% |
IVLU vs. JPIB - Expense Ratio Comparison
IVLU has a 0.30% expense ratio, which is lower than JPIB's 0.50% expense ratio.
Dividends
IVLU vs. JPIB - Dividend Comparison
IVLU's dividend yield for the trailing twelve months is around 3.28%, less than JPIB's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI International Value Factor ETF | 3.28% | 3.71% | 4.46% | 4.69% | 3.59% | 3.47% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% |
JPIB JPMorgan International Bond Opportunities ETF | 5.00% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% | 0.00% | 0.00% |
Frequently Asked Questions
IVLU and JPIB have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVLU has higher volatility (5.44%) compared to JPIB (1.19%). In terms of maximum drawdown, IVLU dropped -41.85% vs JPIB's -13.13%.
On 5-year performance, IVLU leads with 14.06% vs 2.76% for JPIB. On fees, IVLU is cheaper at 0.30% per year. On volatility, JPIB has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IVLU has performed better with a 14.06% return vs 2.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVLU is cheaper with a 0.30% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 5.00%, compared with 3.28% for IVLU.
IVLU is categorized as Foreign Large Cap Equities, while JPIB is Global Bonds. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.30% for IVLU and 0.50% for JPIB.
IVLU currently has the higher Sharpe Ratio (2.17 vs 1.36), 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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