JBND vs. JCPB

Last updated Jun 4, 2026

JBND (Jpmorgan Active Bond ETF) and JCPB (JPMorgan Core Plus Bond ETF) are both exchange-traded funds - JBND is a Intermediate Core Bond fund actively managed by JPMorgan, while JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan. Both are actively managed. Over the past year, JBND returned 5.68% vs 6.11% for JCPB. With a 0.96 correlation, they move nearly in lockstep. JBND charges 0.30%/yr vs 0.38%/yr for JCPB.

Performance

JBND vs. JCPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Active Bond ETF (JBND) and JPMorgan Core Plus Bond ETF (JCPB). 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 JCPB's 0.58% return.

JBND

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

JCPB

• 1D: -0.17%
• 1M: 0.36%
• YTD: 0.58%
• 6M: 0.54%
• 1Y: 6.11%
• 3Y*: 5.02%
• 5Y*: 1.11%
• 10Y*: —

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

JBND vs. JCPB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JBND Jpmorgan Active Bond ETF	0.22%	8.21%	3.19%	7.76%
JCPB JPMorgan Core Plus Bond ETF	0.58%	7.98%	2.96%	7.84%

Correlation

The correlation between JBND and JCPB is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Oct 13, 2023	0.96

The correlation between JBND and JCPB has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

JBND vs. JCPB - Sectors Allocation Comparison

Sectors	JBND	JCPB
Communication Services	25.7%	16.3%
Technology	19.7%	9.1%
Financial Services	9.0%	13.9%
Healthcare	3.1%	3.9%
Real Estate	2.6%	4.6%
Basic Materials	0.8%	0.4%
Utilities	0.7%	1.9%
Energy	0.6%	1.6%
Industrials	0.5%	0.6%
Consumer Cyclical	0.3%	1.4%
Consumer Defensive	0.1%	0.5%

Return for Risk

JBND vs. JCPB — 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

JCPB

JCPB Risk / Return Rank: 45
JCPB Sharpe Ratio Rank: 46
JCPB Sortino Ratio Rank: 49
JCPB Omega Ratio Rank: 45
JCPB Calmar Ratio Rank: 45
JCPB Martin Ratio Rank: 42

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. JCPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Bond ETF (JBND) and JPMorgan Core Plus Bond ETF (JCPB). 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	JCPB	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.63	-0.14
Sortino ratio: Return per unit of downside risk	2.23	2.42	-0.19
Omega ratio: Gain probability vs. loss probability	1.26	1.29	-0.03
Calmar ratio: Return relative to maximum drawdown	1.94	2.26	-0.33
Martin ratio: Return relative to average drawdown	5.97	6.88	-0.91
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. JCPB - Sharpe Ratio Comparison

The current JBND Sharpe Ratio is 1.49, which is comparable to the JCPB Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of JBND and JCPB, 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	JCPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.63	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	0.55	+0.98

Drawdowns

JBND vs. JCPB - Drawdown Comparison

The maximum JBND drawdown since its inception was -4.48%, smaller than the maximum JCPB drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for JBND and JCPB.

Drawdown Indicators

	JBND	JCPB	Difference
Max Drawdown Largest peak-to-trough decline	-4.48%	-16.67%	+12.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	-2.71%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.67%	—
Current Drawdown Current decline from peak	-1.74%	-1.48%	-0.26%
Average Drawdown Average peak-to-trough decline	-1.15%	-4.26%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	0.89%	+0.06%

Volatility

JBND vs. JCPB - Volatility Comparison

Jpmorgan Active Bond ETF (JBND) and JPMorgan Core Plus Bond ETF (JCPB) have volatilities of 1.20% and 1.26%, 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	JCPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	1.26%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.72%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	3.82%	3.77%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.84%	5.38%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	5.05%	-0.21%

JBND vs. JCPB - Expense Ratio Comparison

JBND has a 0.30% expense ratio, which is lower than JCPB's 0.38% expense ratio.

Dividends

JBND vs. JCPB - Dividend Comparison

JBND's dividend yield for the trailing twelve months is around 4.41%, less than JCPB's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JBND Jpmorgan Active Bond ETF	4.41%	4.42%	4.58%	1.00%	0.00%	0.00%	0.00%	0.00%
JCPB JPMorgan Core Plus Bond ETF	4.93%	4.90%	5.16%	4.32%	3.01%	2.19%	2.97%	3.01%

Frequently Asked Questions

Can I hold both JBND and JCPB in my portfolio?

With a correlation of 0.96, JBND and JCPB 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 JCPB?

JCPB has higher volatility (1.26%) compared to JBND (1.20%). In terms of maximum drawdown, JBND dropped -4.48% vs JCPB's -16.67%.

Which ETF is better, JBND or JCPB?

On 1-year performance, JCPB leads with 6.11% vs 5.68% for JBND. On fees, JBND is cheaper at 0.30% 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 JCPB?

Over the 1-year period, JCPB has performed better with a 6.11% return vs 5.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JBND or JCPB?

JBND is cheaper with a 0.30% expense ratio, compared with 0.38% for JCPB.

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

JCPB has the higher dividend yield at 4.93%, compared with 4.41% for JBND.

What is the main difference between JBND and JCPB?

JBND is categorized as Intermediate Core Bond, while JCPB is Intermediate Core-Plus Bond. Their fees differ too: 0.30% for JBND and 0.38% for JCPB.

Which has better risk-adjusted returns?

JCPB currently has the higher Sharpe Ratio (1.63 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.