JBND vs. IBTM

Last updated Jun 4, 2026

JBND (Jpmorgan Active Bond ETF) and IBTM (iShares iBonds Dec 2032 Term Treasury ETF) are both Intermediate Core Bond funds. JBND is actively managed, while IBTM is passively managed. Over the past year, JBND returned 5.68% vs 3.93% for IBTM. Their correlation of 0.95 suggests significant overlap in exposure. JBND charges 0.30%/yr vs 0.07%/yr for IBTM.

Performance

JBND vs. IBTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Active Bond ETF (JBND) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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 higher than IBTM's -0.50% return.

JBND

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

IBTM

• 1D: -0.18%
• 1M: -0.15%
• YTD: -0.50%
• 6M: -0.81%
• 1Y: 3.93%
• 3Y*: 2.68%
• 5Y*: —
• 10Y*: —

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

JBND vs. IBTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JBND Jpmorgan Active Bond ETF	0.22%	8.21%	3.19%	7.76%
IBTM iShares iBonds Dec 2032 Term Treasury ETF	-0.50%	8.06%	-0.14%	7.32%

Correlation

The correlation between JBND and IBTM is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Oct 13, 2023	0.95

The correlation between JBND and IBTM has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

Return for Risk

JBND vs. IBTM — 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

IBTM

IBTM Risk / Return Rank: 26
IBTM Sharpe Ratio Rank: 27
IBTM Sortino Ratio Rank: 27
IBTM Omega Ratio Rank: 25
IBTM Calmar Ratio Rank: 26
IBTM Martin Ratio Rank: 26

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. IBTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Bond ETF (JBND) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM). 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	IBTM	Difference
Sharpe ratio: Return per unit of total volatility	1.49	0.96	+0.53
Sortino ratio: Return per unit of downside risk	2.23	1.46	+0.77
Omega ratio: Gain probability vs. loss probability	1.26	1.17	+0.09
Calmar ratio: Return relative to maximum drawdown	1.94	1.21	+0.73
Martin ratio: Return relative to average drawdown	5.97	3.51	+2.46
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. IBTM - Sharpe Ratio Comparison

The current JBND Sharpe Ratio is 1.49, which is higher than the IBTM Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of JBND and IBTM, 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	IBTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	0.96	+0.53
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	0.20	+1.33

Drawdowns

JBND vs. IBTM - Drawdown Comparison

The maximum JBND drawdown since its inception was -4.48%, smaller than the maximum IBTM drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for JBND and IBTM.

Drawdown Indicators

	JBND	IBTM	Difference
Max Drawdown Largest peak-to-trough decline	-4.48%	-13.60%	+9.12%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-3.26%	+0.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-7.86%	—
Current Drawdown Current decline from peak	-1.74%	-2.38%	+0.64%
Average Drawdown Average peak-to-trough decline	-1.15%	-4.82%	+3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	1.12%	-0.17%

Volatility

JBND vs. IBTM - Volatility Comparison

Jpmorgan Active Bond ETF (JBND) and iShares iBonds Dec 2032 Term Treasury ETF (IBTM) have volatilities of 1.20% and 1.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBND	IBTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	1.20%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.75%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	4.09%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.84%	7.56%	-2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	7.56%	-2.72%

JBND vs. IBTM - Expense Ratio Comparison

JBND has a 0.30% expense ratio, which is higher than IBTM's 0.07% expense ratio.

Dividends

JBND vs. IBTM - Dividend Comparison

JBND's dividend yield for the trailing twelve months is around 4.41%, more than IBTM's 3.95% yield.

Position	TTM	2025	2024	2023	2022
IBTM iShares iBonds Dec 2032 Term Treasury ETF	3.95%	3.87%	3.96%	3.39%	1.38%
JBND Jpmorgan Active Bond ETF	4.41%	4.42%	4.58%	1.00%	0.00%

Frequently Asked Questions

Can I hold both JBND and IBTM in my portfolio?

With a correlation of 0.92, JBND and IBTM 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.

Which is riskier, JBND or IBTM?

IBTM has higher volatility (1.20%) compared to JBND (1.20%). In terms of maximum drawdown, JBND dropped -4.48% vs IBTM's -13.60%.

Which ETF is better, JBND or IBTM?

On 1-year performance, JBND leads with 5.68% vs 3.93% for IBTM. On fees, IBTM is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JBND or IBTM?

Over the 1-year period, JBND has performed better with a 5.68% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JBND or IBTM?

IBTM is cheaper with a 0.07% expense ratio, compared with 0.30% for JBND.

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

JBND has the higher dividend yield at 4.41%, compared with 3.95% for IBTM.

What is the main difference between JBND and IBTM?

They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for JBND and 0.07% for IBTM.

Which has better risk-adjusted returns?

JBND currently has the higher Sharpe Ratio (1.49 vs 0.96), 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.