JAVA vs. JPIE

Last updated Jun 5, 2026

JAVA (JPMorgan Active Value ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - JAVA is a Large Cap Value Equities fund actively managed by JPMorgan, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. Both are actively managed. Over the past 3 years, JAVA returned 16.85%/yr vs 6.55%/yr for JPIE. At a 0.39 correlation, their price movements are largely independent. JAVA charges 0.44%/yr vs 0.40%/yr for JPIE.

Performance

JAVA vs. JPIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active Value ETF (JAVA) and JPMorgan Income ETF (JPIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAVA achieves a 9.58% return, which is significantly higher than JPIE's 1.51% return.

JAVA

• 1D: 0.99%
• 1M: 3.08%
• YTD: 9.58%
• 6M: 10.30%
• 1Y: 25.44%
• 3Y*: 16.85%
• 5Y*: —
• 10Y*: —

JPIE

• 1D: 0.09%
• 1M: 0.39%
• YTD: 1.51%
• 6M: 1.98%
• 1Y: 5.83%
• 3Y*: 6.55%
• 5Y*: —
• 10Y*: —

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

JAVA vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JAVA JPMorgan Active Value ETF	9.58%	14.92%	15.52%	10.46%	-0.88%	1.68%
JPIE JPMorgan Income ETF	1.51%	7.39%	6.32%	7.07%	-6.13%	0.30%

Correlation

The correlation between JAVA and JPIE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.39

Return for Risk

JAVA vs. JPIE — Risk / Return Rank

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

JAVA

JAVA Risk / Return Rank: 68
JAVA Sharpe Ratio Rank: 71
JAVA Sortino Ratio Rank: 73
JAVA Omega Ratio Rank: 69
JAVA Calmar Ratio Rank: 63
JAVA Martin Ratio Rank: 64

JPIE

JPIE Risk / Return Rank: 94
JPIE Sharpe Ratio Rank: 94
JPIE Sortino Ratio Rank: 96
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 88
JPIE Martin Ratio Rank: 93

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.

JAVA vs. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) and JPMorgan Income ETF (JPIE). 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.

	JAVA	JPIE	Difference
Sharpe ratio: Return per unit of total volatility	2.28	3.69	-1.41
Sortino ratio: Return per unit of downside risk	3.24	5.80	-2.56
Omega ratio: Gain probability vs. loss probability	1.40	1.83	-0.43
Calmar ratio: Return relative to maximum drawdown	3.08	5.10	-2.02
Martin ratio: Return relative to average drawdown	11.37	25.31	-13.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAVA vs. JPIE - Sharpe Ratio Comparison

The current JAVA Sharpe Ratio is 2.28, which is lower than the JPIE Sharpe Ratio of 3.69. The chart below compares the historical Sharpe Ratios of JAVA and JPIE, 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

	JAVA	JPIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	3.69	-1.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.99	-0.19

Drawdowns

JAVA vs. JPIE - Drawdown Comparison

The maximum JAVA drawdown since its inception was -16.54%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for JAVA and JPIE.

Drawdown Indicators

	JAVA	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-16.54%	-9.96%	-6.58%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-1.15%	-7.14%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-2.40%	-14.14%
Current Drawdown Current decline from peak	0.00%	-0.04%	+0.04%
Average Drawdown Average peak-to-trough decline	-3.63%	-2.09%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	0.23%	+2.01%

Volatility

JAVA vs. JPIE - Volatility Comparison

JPMorgan Active Value ETF (JAVA) has a higher volatility of 2.70% compared to JPMorgan Income ETF (JPIE) at 0.61%. This indicates that JAVA's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAVA	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	0.61%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	1.28%	+7.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.20%	1.59%	+9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	3.52%	+11.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.80%	3.52%	+11.28%

JAVA vs. JPIE - Expense Ratio Comparison

JAVA has a 0.44% expense ratio, which is higher than JPIE's 0.40% expense ratio.

Dividends

JAVA vs. JPIE - Dividend Comparison

JAVA's dividend yield for the trailing twelve months is around 1.24%, less than JPIE's 5.62% yield.

Position	TTM	2025	2024	2023	2022	2021
JAVA JPMorgan Active Value ETF	1.24%	1.34%	1.45%	1.65%	1.25%	0.48%
JPIE JPMorgan Income ETF	5.62%	5.65%	6.11%	5.70%	4.49%	0.63%

Frequently Asked Questions

Can I hold both JAVA and JPIE in my portfolio?

JAVA and JPIE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAVA or JPIE?

JAVA has higher volatility (2.70%) compared to JPIE (0.61%). In terms of maximum drawdown, JAVA dropped -16.54% vs JPIE's -9.96%.

Which ETF is better, JAVA or JPIE?

On 3-year performance, JAVA leads with 16.85% vs 6.55% for JPIE. On fees, JPIE is cheaper at 0.40% per year. On volatility, JPIE has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JAVA or JPIE?

Over the 3-year period, JAVA has performed better with a 16.85% return vs 6.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JAVA or JPIE?

JPIE is cheaper with a 0.40% expense ratio, compared with 0.44% for JAVA.

Which ETF pays a higher dividend yield, JAVA or JPIE?

JPIE has the higher dividend yield at 5.62%, compared with 1.24% for JAVA.

What is the main difference between JAVA and JPIE?

JAVA is categorized as Large Cap Value Equities, while JPIE is Multisector Bonds. Their fees differ too: 0.44% for JAVA and 0.40% for JPIE.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.69 vs 2.28), 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.