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JCPB vs. BBAG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

JCPB vs. BBAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Core Plus Bond ETF (JCPB) and JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JCPB achieves a 0.77% return, which is significantly higher than BBAG's 0.33% return.


JCPB

1D
-0.21%
1M
0.65%
YTD
0.77%
6M
0.88%
1Y
5.46%
3Y*
5.13%
5Y*
1.08%
10Y*

BBAG

1D
-0.32%
1M
0.63%
YTD
0.33%
6M
0.51%
1Y
4.45%
3Y*
3.86%
5Y*
-0.04%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

JCPB vs. BBAG - Yearly Performance Comparison


2026 (YTD)2025202420232022202120202019
JCPB
JPMorgan Core Plus Bond ETF
0.77%7.98%2.96%7.13%-12.90%-0.51%9.19%7.76%
BBAG
JPMorgan BetaBuilders U.S. Aggregate Bond ETF
0.33%7.27%1.26%5.41%-13.26%-1.79%7.31%7.87%

Correlation

The correlation between JCPB and BBAG is 0.95 - 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

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Jan 30, 2019

0.83

The correlation between JCPB and BBAG shifts across timeframes, from 0.83 (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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JCPB
JCPB Risk / Return Rank: 4242
Overall Rank
JCPB Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
JCPB Sortino Ratio Rank: 4444
Sortino Ratio Rank
JCPB Omega Ratio Rank: 4141
Omega Ratio Rank
JCPB Calmar Ratio Rank: 4242
Calmar Ratio Rank
JCPB Martin Ratio Rank: 3939
Martin Ratio Rank

BBAG
BBAG Risk / Return Rank: 3333
Overall Rank
BBAG Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
BBAG Sortino Ratio Rank: 3434
Sortino Ratio Rank
BBAG Omega Ratio Rank: 3131
Omega Ratio Rank
BBAG Calmar Ratio Rank: 3333
Calmar Ratio Rank
BBAG Martin Ratio Rank: 3232
Martin Ratio Rank
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.

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.


JCPBBBAGDifference
Sharpe ratioReturn per unit of total volatility

+0.32

Sortino ratioReturn per unit of downside risk

+0.46

Omega ratioGain probability vs. loss probability

1.26

1.20

+0.06

Calmar ratioReturn relative to maximum drawdown

2.02

1.61

+0.41

Martin ratioReturn relative to average drawdown

5.83

4.54

+1.29

JCPB vs. BBAG - Sharpe Ratio Comparison

The current JCPB Sharpe Ratio is 1.47, which is comparable to the BBAG Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of JCPB and BBAG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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


JCPBBBAGDifference

Max Drawdown

Largest 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

-5.97%

-6.18%

+0.21%

Max Drawdown (5Y)

Largest decline over 5 years

-16.67%

-18.06%

+1.39%

Current Drawdown

Current decline from peak

-1.29%

-2.69%

+1.40%

Average Drawdown

Average peak-to-trough decline

-4.24%

-6.20%

+1.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.94%

0.98%

-0.04%

Volatility

JCPB vs. BBAG - Volatility Comparison

The current volatility for JPMorgan Core Plus Bond ETF (JCPB) is 1.06%, while JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) has a volatility of 1.13%. This indicates that JCPB experiences smaller price fluctuations and is considered to be less risky 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


JCPBBBAGDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.06%

1.13%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

2.83%

2.91%

-0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

3.74%

3.89%

-0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.39%

5.93%

-0.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.04%

5.79%

-0.75%

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 4.92%, more than BBAG's 4.36% yield.


PositionTTM20252024202320222021202020192018
BBAG
JPMorgan BetaBuilders U.S. Aggregate Bond ETF
4.36%4.29%4.25%3.60%2.23%1.44%2.26%2.92%0.16%
JCPB
JPMorgan Core Plus Bond ETF
4.92%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.

BBAG has higher volatility (1.13%) compared to JCPB (1.06%). In terms of maximum drawdown, JCPB dropped -16.67% vs BBAG's -18.73%.

On 5-year performance, JCPB leads with 1.08% vs -0.04% 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 1.08% return vs -0.04%. 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 4.92%, compared with 4.36% 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 (1.47 vs 1.15), 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.

Portfolio Optimizer

Find the right allocation for JCPB and BBAG

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