JCPB vs. BFFAX

Last updated Aug 5, 2026

JCPB (JPMorgan Core Plus Bond ETF) and BFFAX (American Funds The Bond Fund of America Class F-3) are both funds - JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan, while BFFAX is a Intermediate Core Bond fund managed by American Funds. Over the past 5 years, JCPB returned 0.74%/yr vs -0.56%/yr for BFFAX. Their correlation of 0.83 means they have usually moved in the same direction. JCPB charges 0.38%/yr vs 0.20%/yr for BFFAX.

Performance

JCPB vs. BFFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Core Plus Bond ETF (JCPB) and American Funds The Bond Fund of America Class F-3 (BFFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCPB achieves a 0.50% return, which is significantly higher than BFFAX's -0.99% return.

JCPB

• 1D: 0.41%
• 1M: -0.60%
• 6M: 0.21%
• YTD: 0.50%
• 1Y: 3.22%
• 3Y*: 5.31%
• 5Y*: 0.74%
• 10Y*: —
• ALL TIME*: 2.69%

BFFAX

• 1D: 0.18%
• 1M: -1.33%
• 6M: -1.09%
• YTD: -0.99%
• 1Y: 1.49%
• 3Y*: 3.92%
• 5Y*: -0.56%
• 10Y*: —
• ALL TIME*: 2.00%

*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)
BFFAX American Funds The Bond Fund of America Class F-3	$0.00	$0.00	$0.00
JCPB JPMorgan Core Plus Bond ETF	$72.64M	$71.69M	$101.80M

JCPB vs. BFFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JCPB JPMorgan Core Plus Bond ETF	0.50%	7.98%	2.96%	7.13%	-12.90%	-0.51%	9.19%	7.76%
BFFAX American Funds The Bond Fund of America Class F-3	-0.99%	7.54%	1.54%	4.39%	-13.00%	-0.97%	11.12%	7.83%

Correlation

The correlation between JCPB and BFFAX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 30, 2019	0.83

The correlation between JCPB and BFFAX has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.

Return for Risk

JCPB vs. BFFAX — Risk / Return Rank

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

JCPB

JCPB Risk / Return Rank: 31
JCPB Sharpe Ratio Rank: 33
JCPB Sortino Ratio Rank: 31
JCPB Omega Ratio Rank: 29
JCPB Calmar Ratio Rank: 32
JCPB Martin Ratio Rank: 31

BFFAX

BFFAX Risk / Return Rank: 9
BFFAX Sharpe Ratio Rank: 9
BFFAX Sortino Ratio Rank: 8
BFFAX Omega Ratio Rank: 8
BFFAX Calmar Ratio Rank: 9
BFFAX Martin Ratio Rank: 9

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.

JCPB vs. BFFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond ETF (JCPB) and American Funds The Bond Fund of America Class F-3 (BFFAX). 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	BFFAX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.43	+0.46
Sortino ratio: Return per unit of downside risk	1.28	0.63	+0.65
Omega ratio: Gain probability vs. loss probability	1.15	1.07	+0.08
Calmar ratio: Return relative to maximum drawdown	1.19	0.52	+0.68
Martin ratio: Return relative to average drawdown	3.04	1.24	+1.80

JCPB vs. BFFAX - Sharpe Ratio Comparison

The current JCPB Sharpe Ratio is 0.89, which is higher than the BFFAX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of JCPB and BFFAX, 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

JCPB vs. BFFAX - Drawdown Comparison

The maximum JCPB drawdown since its inception was -16.67%, smaller than the maximum BFFAX drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for JCPB and BFFAX.

Drawdown Indicators

	JCPB	BFFAX	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-17.74%	+1.07%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-3.08%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-4.94%	-5.09%	+0.15%
Max Drawdown (5Y) Largest decline over 5 years	-16.67%	-17.74%	+1.07%
Current Drawdown Current decline from peak	-1.56%	-2.78%	+1.22%
Average Drawdown Average peak-to-trough decline	-4.20%	-4.64%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.28%	-0.22%

Volatility

JCPB vs. BFFAX - Volatility Comparison

JPMorgan Core Plus Bond ETF (JCPB) has a higher volatility of 1.10% compared to American Funds The Bond Fund of America Class F-3 (BFFAX) at 1.00%. This indicates that JCPB's price experiences larger fluctuations and is considered to be riskier than BFFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCPB	BFFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	1.00%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	3.02%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	3.63%	3.72%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.40%	5.98%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.03%	4.97%	+0.06%

JCPB vs. BFFAX - Expense Ratio Comparison

JCPB has a 0.38% expense ratio, which is higher than BFFAX's 0.20% expense ratio.

Dividends

JCPB vs. BFFAX - Dividend Comparison

JCPB's dividend yield for the trailing twelve months is around 4.94%, more than BFFAX's 4.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BFFAX American Funds The Bond Fund of America Class F-3	4.17%	4.48%	4.67%	3.28%	2.46%	1.98%	5.38%	3.80%	2.72%	2.01%
JCPB JPMorgan Core Plus Bond ETF	4.94%	4.90%	5.16%	4.32%	3.01%	2.19%	2.97%	3.01%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JCPB and BFFAX in my portfolio?

JCPB and BFFAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCPB or BFFAX?

JCPB has higher volatility (1.10%) compared to BFFAX (1.00%). In terms of maximum drawdown, JCPB dropped -16.67% vs BFFAX's -17.74%.

Which has better risk-adjusted returns?

JCPB currently has the higher Sharpe Ratio (0.89 vs 0.43), 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.