JBND vs. CDX
Compare and contrast key facts about Jpmorgan Active Bond ETF (JBND) and Simplify High Yield PLUS Credit Hedge ETF (CDX).
JBND and CDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JBND is an actively managed fund by JPMorgan. It was launched on Oct 11, 2023. CDX is an actively managed fund by Simplify. It was launched on Feb 14, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JBND or CDX.
Key characteristics
| JBND | CDX | |
|---|---|---|
| YTD Return | 3.25% | 10.12% |
| 1Y Return | 9.92% | 13.40% |
| Sharpe Ratio | 1.84 | 2.05 |
| Sortino Ratio | 2.74 | 2.86 |
| Omega Ratio | 1.34 | 1.37 |
| Calmar Ratio | 2.72 | 4.84 |
| Martin Ratio | 6.74 | 16.11 |
| Ulcer Index | 1.47% | 0.83% |
| Daily Std Dev | 5.38% | 6.54% |
| Max Drawdown | -3.65% | -13.24% |
| Current Drawdown | -3.48% | -0.71% |
Correlation
The correlation between JBND and CDX is 0.28, 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
JBND vs. CDX - Performance Comparison
In the year-to-date period, JBND achieves a 3.25% return, which is significantly lower than CDX's 10.12% 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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JBND vs. CDX - Expense Ratio Comparison
JBND has a 0.30% expense ratio, which is higher than CDX's 0.26% expense ratio.
Risk-Adjusted Performance
JBND vs. CDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Bond ETF (JBND) and Simplify High Yield PLUS Credit Hedge ETF (CDX). 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
JBND vs. CDX - Dividend Comparison
JBND's dividend yield for the trailing twelve months is around 4.58%, less than CDX's 7.44% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
JBND Jpmorgan Active Bond ETF | 4.58% | 1.00% | 0.00% |
CDX Simplify High Yield PLUS Credit Hedge ETF | 7.44% | 5.26% | 7.51% |
Drawdowns
JBND vs. CDX - Drawdown Comparison
The maximum JBND drawdown since its inception was -3.65%, smaller than the maximum CDX drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for JBND and CDX. For additional features, visit the drawdowns tool.
Volatility
JBND vs. CDX - Volatility Comparison
The current volatility for Jpmorgan Active Bond ETF (JBND) is 1.61%, while Simplify High Yield PLUS Credit Hedge ETF (CDX) has a volatility of 2.63%. This indicates that JBND experiences smaller price fluctuations and is considered to be less risky than CDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.