JCBUX vs. BND

Last updated Aug 1, 2026

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 1.84%/yr vs 1.36%/yr for BND. Their correlation of 0.89 means they have usually moved in the same direction. JCBUX charges 0.33%/yr vs 0.03%/yr for BND.

Performance

JCBUX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Core Bond Fund Class R6 (JCBUX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCBUX achieves a -0.32% return, which is significantly higher than BND's -0.54% return. Over the past 10 years, JCBUX has outperformed BND with an annualized return of 1.84%, while BND has yielded a comparatively lower 1.36% annualized return.

JCBUX

• 1D: 0.10%
• 1M: -1.00%
• 6M: -0.66%
• YTD: -0.32%
• 1Y: 2.10%
• 3Y*: 4.22%
• 5Y*: 0.17%
• 10Y*: 1.84%
• ALL TIME*: 3.31%

BND

• 1D: -0.26%
• 1M: -1.20%
• 6M: -0.75%
• YTD: -0.54%
• 1Y: 1.75%
• 3Y*: 3.92%
• 5Y*: -0.42%
• 10Y*: 1.36%
• ALL TIME*: 2.99%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BND Vanguard Total Bond Market ETF	$451.00M	$507.49M	$592.68M
JCBUX JPMorgan Core Bond Fund Class R6	$0.00	$0.00	$0.00

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	-0.54%	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 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.98
Correlation (10Y) Provides a long-term view across more market conditions.	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.

Return for Risk

JCBUX vs. BND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JCBUX

JCBUX Risk / Return Rank: 22
JCBUX Sharpe Ratio Rank: 23
JCBUX Sortino Ratio Rank: 23
JCBUX Omega Ratio Rank: 22
JCBUX Calmar Ratio Rank: 23
JCBUX Martin Ratio Rank: 18

BND

BND Risk / Return Rank: 29
BND Sharpe Ratio Rank: 30
BND Sortino Ratio Rank: 28
BND Omega Ratio Rank: 26
BND Calmar Ratio Rank: 30
BND Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 ratio: Return per unit of total volatility	0.81	0.72	+0.09
Sortino ratio: Return per unit of downside risk	1.20	1.06	+0.14
Omega ratio: Gain probability vs. loss probability	1.14	1.12	+0.02
Calmar ratio: Return relative to maximum drawdown	1.05	0.99	+0.06
Martin ratio: Return relative to average drawdown	2.54	2.48	+0.06

JCBUX vs. BND - Sharpe Ratio Comparison

The current JCBUX Sharpe Ratio is 0.81, which is comparable to the BND Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of JCBUX and BND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	JCBUX	BND	Difference
Max Drawdown Largest 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	-4.71%	-4.81%	+0.10%
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 Drawdown Current decline from peak	-2.38%	-3.15%	+0.77%
Average Drawdown Average peak-to-trough decline	-2.29%	-3.06%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	1.07%	+0.15%

Volatility

JCBUX vs. BND - Volatility Comparison

JPMorgan Core Bond Fund Class R6 (JCBUX) has a higher volatility of 1.03% compared to Vanguard Total Bond Market ETF (BND) at 0.98%. This indicates that JCBUX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCBUX	BND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	0.98%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.01%	2.90%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	3.70%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.69%	6.03%	-0.34%
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 4.33%, more than BND's 4.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BND Vanguard Total Bond Market ETF	3.69%	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	4.33%	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

Can I hold both JCBUX and BND in my portfolio?

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.

Which is riskier, JCBUX or BND?

JCBUX has higher volatility (1.03%) compared to BND (0.98%). In terms of maximum drawdown, JCBUX dropped -16.46% vs BND's -18.58%.

Which has better risk-adjusted returns?

JCBUX currently has the higher Sharpe Ratio (0.81 vs 0.72), 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.