JCPB vs. BBAG
JCPB (JPMorgan Core Plus Bond ETF) and BBAG (JPMorgan BetaBuilders U.S. Aggregate Bond ETF) are both exchange-traded funds - JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan, while BBAG is a Intermediate Core Bond fund tracking the Bloomberg US Aggregate Bond Index. JCPB is actively managed, while BBAG is passively managed. Over the past 5 years, JCPB returned 0.68%/yr vs -0.52%/yr for BBAG. Their correlation of 0.84 means they have usually moved in the same direction. JCPB charges 0.38%/yr vs 0.03%/yr for BBAG.
Performance
JCPB vs. BBAG - Performance Comparison
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Returns By Period
In the year-to-date period, JCPB achieves a -0.11% return, which is significantly higher than BBAG's -0.66% return.
JCPB
- 1D
- -0.24%
- 1M
- -1.20%
- 6M
- -0.44%
- YTD
- -0.11%
- 1Y
- 2.73%
- 3Y*
- 5.02%
- 5Y*
- 0.68%
- 10Y*
- —
- ALL TIME*
- 2.61%
BBAG
- 1D
- -0.24%
- 1M
- -1.27%
- 6M
- -0.87%
- YTD
- -0.66%
- 1Y
- 1.77%
- 3Y*
- 3.84%
- 5Y*
- -0.52%
- 10Y*
- —
- ALL TIME*
- 1.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.14M | $3.37M | $5.23M | |
| $69.07M | $70.96M | $101.73M |
JCPB vs. BBAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JCPB JPMorgan Core Plus Bond ETF | -0.11% | 7.98% | 2.96% | 7.13% | -12.90% | -0.51% | 9.19% | 7.76% |
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | -0.66% | 7.27% | 1.26% | 5.41% | -13.26% | -1.79% | 7.31% | 7.87% |
Correlation
The correlation between JCPB and BBAG is 0.95 - 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. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2019 | 0.84 |
The correlation between JCPB and BBAG shifts across timeframes, from 0.84 (all time) to 0.97 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JCPB vs. BBAG — Risk / Return Rank
JCPB
BBAG
JCPB vs. BBAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond ETF (JCPB) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). 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.
| JCPB | BBAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 0.97 | +0.36 |
| Martin ratioReturn relative to average drawdown | 3.43 | 2.37 | +1.06 |
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Drawdowns
JCPB vs. BBAG - Drawdown Comparison
The maximum JCPB drawdown since its inception was -16.67%, smaller than the maximum BBAG drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for JCPB and BBAG.
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Drawdown Indicators
| JCPB | BBAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.67% | -18.73% | +2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.78% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -4.94% | -5.10% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -18.06% | +1.39% |
Current DrawdownCurrent decline from peak | -2.16% | -3.65% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -4.20% | -6.15% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.13% | -0.08% |
Volatility
JCPB vs. BBAG - Volatility Comparison
JPMorgan Core Plus Bond ETF (JCPB) has a higher volatility of 0.98% compared to JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) at 0.88%. This indicates that JCPB's price experiences larger fluctuations and is considered to be riskier than BBAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JCPB | BBAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.88% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 3.01% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 3.85% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.40% | 5.93% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.03% | 5.76% | -0.73% |
JCPB vs. BBAG - Expense Ratio Comparison
JCPB has a 0.38% expense ratio, which is higher than BBAG's 0.03% expense ratio.
Dividends
JCPB vs. BBAG - Dividend Comparison
JCPB's dividend yield for the trailing twelve months is around 4.96%, more than BBAG's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BBAG JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 4.05% | 4.29% | 4.25% | 3.60% | 2.23% | 1.44% | 2.26% | 2.92% | 0.16% |
JCPB JPMorgan Core Plus Bond ETF | 4.54% | 4.90% | 5.16% | 4.32% | 3.01% | 2.19% | 2.97% | 3.01% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, JCPB and BBAG 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.
JCPB has higher volatility (0.98%) compared to BBAG (0.88%). In terms of maximum drawdown, JCPB dropped -16.67% vs BBAG's -18.73%.
On 5-year performance, JCPB leads with 0.68% vs -0.52% for BBAG. On fees, BBAG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JCPB has performed better with a 0.68% return vs -0.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBAG is cheaper with a 0.03% expense ratio, compared with 0.38% for JCPB.
JCPB has the higher dividend yield at 4.54%, compared with 4.05% for BBAG.
JCPB is categorized as Intermediate Core-Plus Bond, while BBAG is Intermediate Core Bond. Their fees differ too: 0.38% for JCPB and 0.03% for BBAG.
JCPB currently has the higher Sharpe Ratio (0.98 vs 0.70), 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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