JBND vs. FCBD

Last updated Jun 4, 2026

JBND (Jpmorgan Active Bond ETF) and FCBD (Frontier Asset Core Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Over the past year, JBND returned 5.68% vs 4.20% for FCBD. Their correlation of 0.91 suggests significant overlap in exposure. JBND charges 0.30%/yr vs 0.90%/yr for FCBD.

Performance

JBND vs. FCBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Active Bond ETF (JBND) and Frontier Asset Core Bond ETF (FCBD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JBND achieves a 0.22% return, which is significantly lower than FCBD's 0.26% return.

JBND

• 1D: -0.19%
• 1M: 0.27%
• YTD: 0.22%
• 6M: 0.25%
• 1Y: 5.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FCBD

• 1D: -0.12%
• 1M: 0.08%
• YTD: 0.26%
• 6M: 0.38%
• 1Y: 4.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JBND vs. FCBD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JBND Jpmorgan Active Bond ETF	0.22%	8.21%	-0.01%
FCBD Frontier Asset Core Bond ETF	0.26%	6.29%	0.04%

Correlation

The correlation between JBND and FCBD is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024	0.91

The correlation between JBND and FCBD has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

JBND vs. FCBD — Risk / Return Rank

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

JBND

JBND Risk / Return Rank: 40
JBND Sharpe Ratio Rank: 41
JBND Sortino Ratio Rank: 44
JBND Omega Ratio Rank: 39
JBND Calmar Ratio Rank: 39
JBND Martin Ratio Rank: 37

FCBD

FCBD Risk / Return Rank: 52
FCBD Sharpe Ratio Rank: 53
FCBD Sortino Ratio Rank: 57
FCBD Omega Ratio Rank: 53
FCBD Calmar Ratio Rank: 52
FCBD Martin Ratio Rank: 48

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.

JBND vs. FCBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Bond ETF (JBND) and Frontier Asset Core Bond ETF (FCBD). 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.

	JBND	FCBD	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.79	-0.30
Sortino ratio: Return per unit of downside risk	2.23	2.68	-0.45
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	1.94	2.57	-0.63
Martin ratio: Return relative to average drawdown	5.97	7.86	-1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JBND vs. FCBD - Sharpe Ratio Comparison

The current JBND Sharpe Ratio is 1.49, which is comparable to the FCBD Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of JBND and FCBD, 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

	JBND	FCBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.79	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	1.76	-0.23

Drawdowns

JBND vs. FCBD - Drawdown Comparison

The maximum JBND drawdown since its inception was -4.48%, which is greater than FCBD's maximum drawdown of -1.64%. Use the drawdown chart below to compare losses from any high point for JBND and FCBD.

Drawdown Indicators

	JBND	FCBD	Difference
Max Drawdown Largest peak-to-trough decline	-4.48%	-1.64%	-2.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-1.64%	-1.30%
Current Drawdown Current decline from peak	-1.74%	-0.94%	-0.80%
Average Drawdown Average peak-to-trough decline	-1.15%	-0.35%	-0.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.54%	+0.41%

Volatility

JBND vs. FCBD - Volatility Comparison

Jpmorgan Active Bond ETF (JBND) has a higher volatility of 1.20% compared to Frontier Asset Core Bond ETF (FCBD) at 0.86%. This indicates that JBND's price experiences larger fluctuations and is considered to be riskier than FCBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBND	FCBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	0.86%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	1.72%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	2.35%	+1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.84%	2.60%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	2.60%	+2.24%

JBND vs. FCBD - Expense Ratio Comparison

JBND has a 0.30% expense ratio, which is lower than FCBD's 0.90% expense ratio.

Dividends

JBND vs. FCBD - Dividend Comparison

JBND's dividend yield for the trailing twelve months is around 4.41%, more than FCBD's 4.23% yield.

Position	TTM	2025	2024	2023
FCBD Frontier Asset Core Bond ETF	4.23%	4.34%	0.08%	0.00%
JBND Jpmorgan Active Bond ETF	4.41%	4.42%	4.58%	1.00%

Frequently Asked Questions

Can I hold both JBND and FCBD in my portfolio?

JBND and FCBD have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JBND or FCBD?

JBND has higher volatility (1.20%) compared to FCBD (0.86%). In terms of maximum drawdown, JBND dropped -4.48% vs FCBD's -1.64%.

Which ETF is better, JBND or FCBD?

On 1-year performance, JBND leads with 5.68% vs 4.20% for FCBD. On fees, JBND is cheaper at 0.30% per year. On volatility, FCBD has been the lower-risk option at 0.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JBND or FCBD?

Over the 1-year period, JBND has performed better with a 5.68% return vs 4.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JBND or FCBD?

JBND is cheaper with a 0.30% expense ratio, compared with 0.90% for FCBD.

Which ETF pays a higher dividend yield, JBND or FCBD?

JBND has the higher dividend yield at 4.41%, compared with 4.23% for FCBD.

What is the main difference between JBND and FCBD?

They also come from different issuers: JPMorgan and Frontier. Their fees differ too: 0.30% for JBND and 0.90% for FCBD.

Which has better risk-adjusted returns?

FCBD currently has the higher Sharpe Ratio (1.79 vs 1.49), 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.