JCPB vs. BND
JCPB (JPMorgan Core Plus Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. JCPB is actively managed, while BND is passively managed. Over the past 5 years, JCPB returned 1.17%/yr vs 0.16%/yr for BND. Their correlation of 0.86 suggests significant overlap in exposure. JCPB charges 0.38%/yr vs 0.03%/yr for BND.
Performance
JCPB vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, JCPB achieves a 0.95% return, which is significantly higher than BND's 0.60% return.
JCPB
- 1D
- 0.13%
- 1M
- 1.20%
- YTD
- 0.95%
- 6M
- 1.32%
- 1Y
- 5.92%
- 3Y*
- 5.17%
- 5Y*
- 1.17%
- 10Y*
- —
BND
- 1D
- 0.08%
- 1M
- 1.11%
- YTD
- 0.60%
- 6M
- 0.87%
- 1Y
- 4.86%
- 3Y*
- 4.03%
- 5Y*
- 0.16%
- 10Y*
- 1.57%
JCPB vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JCPB JPMorgan Core Plus Bond ETF | 0.95% | 7.98% | 2.96% | 7.13% | -12.90% | -0.51% | 9.19% | 7.76% |
BND Vanguard Total Bond Market ETF | 0.60% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.25% |
Correlation
The correlation between JCPB and BND is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2019 | 0.86 |
The correlation between JCPB and BND shifts across timeframes, from 0.86 (all time) to 0.99 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JCPB vs. BND — Risk / Return Rank
JCPB
BND
JCPB vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond ETF (JCPB) 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.
| JCPB | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.23 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.82 | +0.37 |
| Martin ratioReturn relative to average drawdown | 6.40 | 5.29 | +1.11 |
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Drawdowns
JCPB vs. BND - Drawdown Comparison
The maximum JCPB drawdown since its inception was -16.67%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for JCPB and BND.
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Drawdown Indicators
| JCPB | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.67% | -18.58% | +1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.68% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.97% | -5.92% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.67% | -17.91% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -1.12% | -2.04% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -3.06% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.92% | +0.01% |
Volatility
JCPB vs. BND - Volatility Comparison
JPMorgan Core Plus Bond ETF (JCPB) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.33% and 1.28%, 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
| JCPB | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.28% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.74% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 3.72% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.39% | 6.03% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 5.53% | -0.48% |
JCPB vs. BND - Expense Ratio Comparison
JCPB has a 0.38% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
JCPB vs. BND - Dividend Comparison
JCPB's dividend yield for the trailing twelve months is around 4.91%, more than BND's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.95% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
JCPB JPMorgan Core Plus Bond ETF | 4.91% | 4.90% | 5.16% | 4.32% | 3.01% | 2.19% | 2.97% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, JCPB 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.
JCPB has higher volatility (1.33%) compared to BND (1.28%). In terms of maximum drawdown, JCPB dropped -16.67% vs BND's -18.58%.
On 5-year performance, JCPB leads with 1.17% vs 0.16% for BND. On fees, BND 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 1.17% return vs 0.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.38% for JCPB.
JCPB has the higher dividend yield at 4.91%, compared with 3.95% for BND.
JCPB is categorized as Intermediate Core-Plus Bond, while BND is Total Bond Market. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.38% for JCPB and 0.03% for BND.
JCPB currently has the higher Sharpe Ratio (1.60 vs 1.31), 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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