JBND vs. IBTO
JBND (Jpmorgan Active Bond ETF) and IBTO (iShares iBonds Dec 2033 Term Treasury ETF) are both Intermediate Core Bond funds. JBND is actively managed, while IBTO is passively managed. Over the past year, JBND returned 4.74% vs 2.97% for IBTO. With a 0.95 correlation, they move nearly in lockstep. JBND charges 0.30%/yr vs 0.07%/yr for IBTO.
Performance
JBND vs. IBTO - Performance Comparison
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Returns By Period
In the year-to-date period, JBND achieves a 0.39% return, which is significantly higher than IBTO's -0.53% return.
JBND
- 1D
- 0.04%
- 1M
- 0.55%
- YTD
- 0.39%
- 6M
- 0.57%
- 1Y
- 4.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTO
- 1D
- 0.10%
- 1M
- 0.47%
- YTD
- -0.53%
- 6M
- -0.45%
- 1Y
- 2.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JBND vs. IBTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JBND Jpmorgan Active Bond ETF | 0.39% | 8.21% | 3.19% | 7.43% |
IBTO iShares iBonds Dec 2033 Term Treasury ETF | -0.53% | 8.23% | -0.87% | 6.55% |
Correlation
The correlation between JBND and IBTO is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2023 | 0.95 |
The correlation between JBND and IBTO has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
JBND vs. IBTO — Risk / Return Rank
JBND
IBTO
JBND vs. IBTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Bond ETF (JBND) and iShares iBonds Dec 2033 Term Treasury ETF (IBTO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JBND | IBTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.12 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 0.82 | +0.80 |
| Martin ratioReturn relative to average drawdown | 4.64 | 2.14 | +2.49 |
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Drawdowns
JBND vs. IBTO - Drawdown Comparison
The maximum JBND drawdown since its inception was -4.48%, smaller than the maximum IBTO drawdown of -8.36%. Use the drawdown chart below to compare losses from any high point for JBND and IBTO.
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Drawdown Indicators
| JBND | IBTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.48% | -8.36% | +3.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -3.66% | +0.72% |
Current DrawdownCurrent decline from peak | -1.58% | -2.59% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -2.37% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.39% | -0.37% |
Volatility
JBND vs. IBTO - Volatility Comparison
The current volatility for Jpmorgan Active Bond ETF (JBND) is 1.09%, while iShares iBonds Dec 2033 Term Treasury ETF (IBTO) has a volatility of 1.27%. This indicates that JBND experiences smaller price fluctuations and is considered to be less risky than IBTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBND | IBTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.27% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.14% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 4.39% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 6.59% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 6.59% | -1.76% |
JBND vs. IBTO - Expense Ratio Comparison
JBND has a 0.30% expense ratio, which is higher than IBTO's 0.07% expense ratio.
Dividends
JBND vs. IBTO - Dividend Comparison
JBND's dividend yield for the trailing twelve months is around 4.40%, more than IBTO's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBTO iShares iBonds Dec 2033 Term Treasury ETF | 4.15% | 4.05% | 4.23% | 1.66% |
JBND Jpmorgan Active Bond ETF | 4.40% | 4.42% | 4.58% | 1.00% |
Frequently Asked Questions
With a correlation of 0.94, JBND and IBTO 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.
IBTO has higher volatility (1.27%) compared to JBND (1.09%). In terms of maximum drawdown, JBND dropped -4.48% vs IBTO's -8.36%.
On 1-year performance, JBND leads with 4.74% vs 2.97% for IBTO. On fees, IBTO is cheaper at 0.07% per year. On volatility, JBND has been the lower-risk option at 1.09%. 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 4.74% return vs 2.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTO is cheaper with a 0.07% expense ratio, compared with 0.30% for JBND.
JBND has the higher dividend yield at 4.40%, compared with 4.15% for IBTO.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for JBND and 0.07% for IBTO.
JBND currently has the higher Sharpe Ratio (1.26 vs 0.68), 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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