JCBUX vs. BND
JCBUX (JPMorgan Core Bond Fund Class R6) and BND (Vanguard Total Bond Market ETF) are both funds - JCBUX is a Intermediate Core Bond fund tracking the Bloomberg U.S. Aggregate Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, JCBUX returned 1.99%/yr vs 1.56%/yr for BND. Their correlation of 0.89 suggests significant overlap in exposure. JCBUX charges 0.33%/yr vs 0.03%/yr for BND.
Performance
JCBUX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, JCBUX achieves a 0.32% return, which is significantly lower than BND's 0.49% return. Over the past 10 years, JCBUX has outperformed BND with an annualized return of 1.99%, while BND has yielded a comparatively lower 1.56% annualized return.
JCBUX
- 1D
- -0.29%
- 1M
- 0.55%
- YTD
- 0.32%
- 6M
- 0.38%
- 1Y
- 4.27%
- 3Y*
- 4.31%
- 5Y*
- 0.55%
- 10Y*
- 1.99%
BND
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.49%
- 6M
- 0.57%
- 1Y
- 4.23%
- 3Y*
- 3.96%
- 5Y*
- 0.05%
- 10Y*
- 1.56%
JCBUX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JCBUX JPMorgan Core Bond Fund Class R6 | 0.32% | 7.55% | 2.25% | 5.85% | -12.18% | -0.95% | 8.28% | 8.59% | 0.35% | 3.88% |
BND Vanguard Total Bond Market ETF | 0.49% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between JCBUX and BND is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | 0.89 |
The correlation between JCBUX and BND has been stable across timeframes, ranging from 0.89 to 0.98 - a consistent structural relationship.
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Return for Risk
JCBUX vs. BND — Risk / Return Rank
JCBUX
BND
JCBUX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Bond Fund Class R6 (JCBUX) and Vanguard Total Bond Market ETF (BND). 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.
| JCBUX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.59 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.30 | 4.52 | -0.22 |
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Drawdowns
JCBUX vs. BND - Drawdown Comparison
The maximum JCBUX drawdown since its inception was -16.46%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for JCBUX and BND.
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Drawdown Indicators
| JCBUX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -18.58% | +2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -2.68% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -5.81% | -5.92% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -17.91% | +1.45% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | -18.58% | +2.12% |
Current DrawdownCurrent decline from peak | -1.76% | -2.15% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.29% | -3.06% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.94% | +0.13% |
Volatility
JCBUX vs. BND - Volatility Comparison
JPMorgan Core Bond Fund Class R6 (JCBUX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.07% and 1.08%, 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.
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Volatility by Period
| JCBUX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.08% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 2.77% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.87% | 3.74% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.68% | 6.03% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 5.53% | -0.84% |
JCBUX vs. BND - Expense Ratio Comparison
JCBUX has a 0.33% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
JCBUX vs. BND - Dividend Comparison
JCBUX's dividend yield for the trailing twelve months is around 4.23%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
JCBUX JPMorgan Core Bond Fund Class R6 | 4.23% | 4.12% | 4.12% | 3.66% | 2.85% | 2.98% | 4.15% | 3.37% | 3.06% | 3.03% | 3.07% | 2.77% |
Frequently Asked Questions
With a correlation of 0.97, JCBUX and BND 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.
BND has higher volatility (1.08%) compared to JCBUX (1.07%). In terms of maximum drawdown, JCBUX dropped -16.46% vs BND's -18.58%.
JCBUX currently has the higher Sharpe Ratio (1.19 vs 1.14), 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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