JBND vs. JPIE
Compare and contrast key facts about Jpmorgan Active Bond ETF (JBND) and JPMorgan Income ETF (JPIE).
JBND and JPIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JBND is an actively managed fund by JPMorgan. It was launched on Oct 11, 2023. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JBND or JPIE.
Key characteristics
| JBND | JPIE | |
|---|---|---|
| YTD Return | 3.88% | 5.50% |
| 1Y Return | 10.58% | 10.07% |
| Sharpe Ratio | 1.99 | 3.69 |
| Sortino Ratio | 2.96 | 6.17 |
| Omega Ratio | 1.37 | 1.87 |
| Calmar Ratio | 2.91 | 2.73 |
| Martin Ratio | 7.29 | 27.43 |
| Ulcer Index | 1.45% | 0.37% |
| Daily Std Dev | 5.35% | 2.75% |
| Max Drawdown | -3.65% | -9.96% |
| Current Drawdown | -2.90% | -0.67% |
Correlation
The correlation between JBND and JPIE is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JBND vs. JPIE - Performance Comparison
In the year-to-date period, JBND achieves a 3.88% return, which is significantly lower than JPIE's 5.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JBND vs. JPIE - Expense Ratio Comparison
JBND has a 0.30% expense ratio, which is lower than JPIE's 0.41% expense ratio.
Risk-Adjusted Performance
JBND vs. JPIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Bond ETF (JBND) and JPMorgan Income ETF (JPIE). 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.
Dividends
JBND vs. JPIE - Dividend Comparison
JBND's dividend yield for the trailing twelve months is around 4.56%, less than JPIE's 6.19% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
JBND Jpmorgan Active Bond ETF | 4.56% | 1.00% | 0.00% | 0.00% |
JPIE JPMorgan Income ETF | 6.19% | 5.70% | 4.49% | 0.63% |
Drawdowns
JBND vs. JPIE - Drawdown Comparison
The maximum JBND drawdown since its inception was -3.65%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for JBND and JPIE. For additional features, visit the drawdowns tool.
Volatility
JBND vs. JPIE - Volatility Comparison
Jpmorgan Active Bond ETF (JBND) has a higher volatility of 1.51% compared to JPMorgan Income ETF (JPIE) at 0.46%. This indicates that JBND's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.