JCPB vs. CGCP

Last updated Jun 23, 2026

JCPB (JPMorgan Core Plus Bond ETF) and CGCP (Capital Group Core Plus Income ETF) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 3 years, JCPB returned 5.13%/yr vs 5.14%/yr for CGCP. Their correlation of 0.92 suggests significant overlap in exposure. JCPB charges 0.38%/yr vs 0.34%/yr for CGCP.

Performance

JCPB vs. CGCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Core Plus Bond ETF (JCPB) and Capital Group Core Plus Income ETF (CGCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCPB achieves a 0.77% return, which is significantly higher than CGCP's 0.38% return.

JCPB

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

CGCP

• 1D: -0.27%
• 1M: 0.45%
• YTD: 0.38%
• 6M: 0.50%
• 1Y: 4.94%
• 3Y*: 5.14%
• 5Y*: —
• 10Y*: —

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

JCPB vs. CGCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JCPB JPMorgan Core Plus Bond ETF	0.77%	7.98%	2.96%	7.13%	-9.30%
CGCP Capital Group Core Plus Income ETF	0.38%	7.35%	2.95%	7.17%	-9.68%

Correlation

The correlation between JCPB and CGCP is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022	0.92

The correlation between JCPB and CGCP has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

JCPB vs. CGCP — Risk / Return Rank

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

JCPB

JCPB Risk / Return Rank: 42
JCPB Sharpe Ratio Rank: 43
JCPB Sortino Ratio Rank: 44
JCPB Omega Ratio Rank: 41
JCPB Calmar Ratio Rank: 42
JCPB Martin Ratio Rank: 39

CGCP

CGCP Risk / Return Rank: 39
CGCP Sharpe Ratio Rank: 39
CGCP Sortino Ratio Rank: 40
CGCP Omega Ratio Rank: 38
CGCP Calmar Ratio Rank: 39
CGCP Martin Ratio Rank: 39

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. CGCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond ETF (JCPB) and Capital Group Core Plus Income ETF (CGCP). 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	CGCP	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.35	+0.12
Sortino ratio: Return per unit of downside risk	2.19	2.00	+0.18
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.02
Calmar ratio: Return relative to maximum drawdown	2.02	1.92	+0.10
Martin ratio: Return relative to average drawdown	5.83	6.06	-0.24

JCPB vs. CGCP - Sharpe Ratio Comparison

The current JCPB Sharpe Ratio is 1.47, which is comparable to the CGCP Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of JCPB and CGCP, 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. CGCP - Drawdown Comparison

The maximum JCPB drawdown since its inception was -16.67%, which is greater than CGCP's maximum drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for JCPB and CGCP.

Drawdown Indicators

	JCPB	CGCP	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-15.06%	-1.61%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-2.59%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-5.97%	-5.37%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-16.67%	—	—
Current Drawdown Current decline from peak	-1.29%	-1.12%	-0.17%
Average Drawdown Average peak-to-trough decline	-4.24%	-4.88%	+0.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	0.82%	+0.12%

Volatility

JCPB vs. CGCP - Volatility Comparison

The current volatility for JPMorgan Core Plus Bond ETF (JCPB) is 1.06%, while Capital Group Core Plus Income ETF (CGCP) has a volatility of 1.12%. This indicates that JCPB experiences smaller price fluctuations and is considered to be less risky than CGCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCPB	CGCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	1.12%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.83%	2.81%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.74%	3.67%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.39%	6.34%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	6.34%	-1.30%

JCPB vs. CGCP - Expense Ratio Comparison

JCPB has a 0.38% expense ratio, which is higher than CGCP's 0.34% expense ratio.

Dividends

JCPB vs. CGCP - Dividend Comparison

JCPB's dividend yield for the trailing twelve months is around 4.92%, less than CGCP's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CGCP Capital Group Core Plus Income ETF	5.16%	5.10%	5.17%	4.98%	2.96%	0.00%	0.00%	0.00%
JCPB JPMorgan Core Plus Bond ETF	4.92%	4.90%	5.16%	4.32%	3.01%	2.19%	2.97%	3.01%

Frequently Asked Questions

Can I hold both JCPB and CGCP in my portfolio?

With a correlation of 0.96, JCPB and CGCP 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, JCPB or CGCP?

CGCP has higher volatility (1.12%) compared to JCPB (1.06%). In terms of maximum drawdown, JCPB dropped -16.67% vs CGCP's -15.06%.

Which ETF is better, JCPB or CGCP?

On 3-year performance, CGCP leads with 5.14% vs 5.13% for JCPB. On fees, CGCP is cheaper at 0.34% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JCPB or CGCP?

Over the 3-year period, CGCP has performed better with a 5.14% return vs 5.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JCPB or CGCP?

CGCP is cheaper with a 0.34% expense ratio, compared with 0.38% for JCPB.

Which ETF pays a higher dividend yield, JCPB or CGCP?

CGCP has the higher dividend yield at 5.16%, compared with 4.92% for JCPB.

What is the main difference between JCPB and CGCP?

They also come from different issuers: JPMorgan and Capital Group. Their fees differ too: 0.38% for JCPB and 0.34% for CGCP.

Which has better risk-adjusted returns?

JCPB currently has the higher Sharpe Ratio (1.47 vs 1.35), 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.