JCPB vs. JPIE
Compare and contrast key facts about JPMorgan Core Plus Bond ETF (JCPB) and JPMorgan Income ETF (JPIE).
JCPB and JPIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JCPB is an actively managed fund by JPMorgan Chase. It was launched on Jan 28, 2019. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JCPB or JPIE.
Performance
JCPB vs. JPIE - Performance Comparison
Returns By Period
In the year-to-date period, JCPB achieves a 3.10% return, which is significantly lower than JPIE's 5.59% return.
JCPB
3.10%
-0.68%
3.82%
8.03%
0.92%
N/A
JPIE
5.59%
-0.04%
4.22%
9.02%
N/A
N/A
Key characteristics
| JCPB | JPIE | |
|---|---|---|
| Sharpe Ratio | 1.48 | 3.42 |
| Sortino Ratio | 2.17 | 5.45 |
| Omega Ratio | 1.26 | 1.77 |
| Calmar Ratio | 0.68 | 3.08 |
| Martin Ratio | 5.24 | 22.70 |
| Ulcer Index | 1.55% | 0.39% |
| Daily Std Dev | 5.50% | 2.59% |
| Max Drawdown | -16.67% | -9.96% |
| Current Drawdown | -4.48% | -0.58% |
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JCPB vs. JPIE - Expense Ratio Comparison
JCPB has a 0.40% expense ratio, which is lower than JPIE's 0.41% expense ratio.
Correlation
The correlation between JCPB and JPIE is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
JCPB vs. JPIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond ETF (JCPB) and JPMorgan Income ETF (JPIE). 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.
Dividends
JCPB vs. JPIE - Dividend Comparison
JCPB's dividend yield for the trailing twelve months is around 5.05%, less than JPIE's 6.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
JCPB JPMorgan Core Plus Bond ETF | 5.05% | 4.32% | 3.00% | 2.19% | 2.97% | 3.23% |
JPIE JPMorgan Income ETF | 6.19% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% |
Drawdowns
JCPB vs. JPIE - Drawdown Comparison
The maximum JCPB drawdown since its inception was -16.67%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for JCPB and JPIE. For additional features, visit the drawdowns tool.
Volatility
JCPB vs. JPIE - Volatility Comparison
JPMorgan Core Plus Bond ETF (JCPB) has a higher volatility of 1.37% compared to JPMorgan Income ETF (JPIE) at 0.43%. This indicates that JCPB's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.