JBND vs. IBGA
JBND (Jpmorgan Active Bond ETF) and IBGA (iShares iBonds Dec 2044 Term Treasury ETF) are both Intermediate Core Bond funds. JBND is actively managed, while IBGA is passively managed. Over the past year, JBND returned 5.68% vs 5.33% for IBGA. Their correlation of 0.94 suggests significant overlap in exposure. JBND charges 0.30%/yr vs 0.07%/yr for IBGA.
Performance
JBND vs. IBGA - Performance Comparison
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Returns By Period
In the year-to-date period, JBND achieves a 0.22% return, which is significantly higher than IBGA's -0.37% return.
JBND
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.22%
- 6M
- 0.25%
- 1Y
- 5.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBGA
- 1D
- -0.41%
- 1M
- 0.62%
- YTD
- -0.37%
- 6M
- -1.42%
- 1Y
- 5.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JBND vs. IBGA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JBND Jpmorgan Active Bond ETF | 0.22% | 8.21% | 2.56% |
IBGA iShares iBonds Dec 2044 Term Treasury ETF | -0.37% | 6.09% | -1.41% |
Correlation
The correlation between JBND and IBGA is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024 | 0.94 |
The correlation between JBND and IBGA has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
JBND vs. IBGA — Risk / Return Rank
JBND
IBGA
JBND vs. IBGA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Bond ETF (JBND) and iShares iBonds Dec 2044 Term Treasury ETF (IBGA). 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 | IBGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.11 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 0.81 | +1.13 |
| Martin ratioReturn relative to average drawdown | 5.97 | 2.23 | +3.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JBND | IBGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.65 | +0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.53 | 0.22 | +1.32 |
Drawdowns
JBND vs. IBGA - Drawdown Comparison
The maximum JBND drawdown since its inception was -4.48%, smaller than the maximum IBGA drawdown of -11.69%. Use the drawdown chart below to compare losses from any high point for JBND and IBGA.
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Drawdown Indicators
| JBND | IBGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.48% | -11.69% | +7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -6.60% | +3.66% |
Current DrawdownCurrent decline from peak | -1.74% | -4.67% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -5.05% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.40% | -1.45% |
Volatility
JBND vs. IBGA - Volatility Comparison
The current volatility for Jpmorgan Active Bond ETF (JBND) is 1.20%, while iShares iBonds Dec 2044 Term Treasury ETF (IBGA) has a volatility of 2.59%. This indicates that JBND experiences smaller price fluctuations and is considered to be less risky than IBGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBND | IBGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 2.59% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 5.68% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 8.21% | -4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.84% | 9.86% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.84% | 9.86% | -5.02% |
JBND vs. IBGA - Expense Ratio Comparison
JBND has a 0.30% expense ratio, which is higher than IBGA's 0.07% expense ratio.
Dividends
JBND vs. IBGA - Dividend Comparison
JBND's dividend yield for the trailing twelve months is around 4.41%, less than IBGA's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | 4.66% | 4.49% | 2.03% | 0.00% |
JBND Jpmorgan Active Bond ETF | 4.41% | 4.42% | 4.58% | 1.00% |
Frequently Asked Questions
With a correlation of 0.93, JBND and IBGA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBGA has higher volatility (2.59%) compared to JBND (1.20%). In terms of maximum drawdown, JBND dropped -4.48% vs IBGA's -11.69%.
On 1-year performance, JBND leads with 5.68% vs 5.33% for IBGA. On fees, IBGA is cheaper at 0.07% per year. On volatility, JBND has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JBND has performed better with a 5.68% return vs 5.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGA is cheaper with a 0.07% expense ratio, compared with 0.30% for JBND.
IBGA has the higher dividend yield at 4.66%, compared with 4.41% for JBND.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for JBND and 0.07% for IBGA.
JBND currently has the higher Sharpe Ratio (1.49 vs 0.65), 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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