JAGG vs. ICSH
Compare and contrast key facts about JPMorgan U.S. Aggregate Bond ETF (JAGG) and iShares Ultra Short-Term Bond ETF (ICSH).
JAGG and ICSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JAGG is an actively managed fund by JPMorgan Chase. It was launched on Dec 12, 2018. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAGG or ICSH.
Key characteristics
| JAGG | ICSH | |
|---|---|---|
| YTD Return | -3.21% | 1.70% |
| 1Y Return | -1.55% | 5.51% |
| 3Y Return (Ann) | -3.72% | 2.74% |
| 5Y Return (Ann) | -0.38% | 2.39% |
| Sharpe Ratio | -0.10 | 11.32 |
| Daily Std Dev | 6.76% | 0.50% |
| Max Drawdown | -18.86% | -3.94% |
| Current Drawdown | -13.71% | 0.00% |
Correlation
The correlation between JAGG and ICSH 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
JAGG vs. ICSH - Performance Comparison
In the year-to-date period, JAGG achieves a -3.21% return, which is significantly lower than ICSH's 1.70% 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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JAGG vs. ICSH - Expense Ratio Comparison
JAGG has a 0.07% expense ratio, which is lower than ICSH's 0.08% expense ratio. Despite the difference, 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
JAGG vs. ICSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Aggregate Bond ETF (JAGG) and iShares Ultra Short-Term Bond ETF (ICSH). 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
JAGG vs. ICSH - Dividend Comparison
JAGG's dividend yield for the trailing twelve months is around 4.12%, less than ICSH's 5.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JAGG JPMorgan U.S. Aggregate Bond ETF | 4.12% | 3.60% | 2.23% | 1.44% | 2.11% | 2.78% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short-Term Bond ETF | 5.13% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% | 0.46% |
Drawdowns
JAGG vs. ICSH - Drawdown Comparison
The maximum JAGG drawdown since its inception was -18.86%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for JAGG and ICSH. For additional features, visit the drawdowns tool.
Volatility
JAGG vs. ICSH - Volatility Comparison
JPMorgan U.S. Aggregate Bond ETF (JAGG) has a higher volatility of 1.86% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.12%. This indicates that JAGG's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.