JCPUX vs. TGRNX

Last updated Jun 23, 2026

JCPUX (JPMorgan Core Plus Bond Fund Class R6) and TGRNX (TIAA-CREF Green Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, JCPUX returned 0.92%/yr vs 0.29%/yr for TGRNX. Their correlation of 0.91 suggests significant overlap in exposure. JCPUX charges 0.38%/yr vs 0.45%/yr for TGRNX.

Performance

JCPUX vs. TGRNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Core Plus Bond Fund Class R6 (JCPUX) and TIAA-CREF Green Bond Fund (TGRNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCPUX achieves a 1.17% return, which is significantly higher than TGRNX's 0.68% return.

JCPUX

• 1D: 0.28%
• 1M: 0.84%
• YTD: 1.17%
• 6M: 1.32%
• 1Y: 6.03%
• 3Y*: 5.21%
• 5Y*: 0.92%
• 10Y*: 2.45%

TGRNX

• 1D: 0.11%
• 1M: 0.80%
• YTD: 0.68%
• 6M: 1.03%
• 1Y: 4.93%
• 3Y*: 4.77%
• 5Y*: 0.29%
• 10Y*: —

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

JCPUX vs. TGRNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JCPUX JPMorgan Core Plus Bond Fund Class R6	1.17%	8.07%	2.87%	6.46%	-12.73%	-0.10%	7.87%	8.93%	1.87%
TGRNX TIAA-CREF Green Bond Fund	0.68%	6.76%	3.08%	5.73%	-13.43%	-0.60%	8.57%	9.15%	1.43%

Correlation

The correlation between JCPUX and TGRNX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018	0.91

The correlation between JCPUX and TGRNX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

JCPUX vs. TGRNX — Risk / Return Rank

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

JCPUX

JCPUX Risk / Return Rank: 37
JCPUX Sharpe Ratio Rank: 37
JCPUX Sortino Ratio Rank: 39
JCPUX Omega Ratio Rank: 38
JCPUX Calmar Ratio Rank: 40
JCPUX Martin Ratio Rank: 31

TGRNX

TGRNX Risk / Return Rank: 35
TGRNX Sharpe Ratio Rank: 35
TGRNX Sortino Ratio Rank: 41
TGRNX Omega Ratio Rank: 36
TGRNX Calmar Ratio Rank: 32
TGRNX Martin Ratio Rank: 29

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.

JCPUX vs. TGRNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund Class R6 (JCPUX) and TIAA-CREF Green Bond Fund (TGRNX). 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.

	JCPUX	TGRNX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.59	+0.05
Sortino ratio: Return per unit of downside risk	2.42	2.48	-0.06
Omega ratio: Gain probability vs. loss probability	1.30	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.30	2.01	+0.29
Martin ratio: Return relative to average drawdown	6.63	6.37	+0.27

JCPUX vs. TGRNX - Sharpe Ratio Comparison

The current JCPUX Sharpe Ratio is 1.64, which is comparable to the TGRNX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of JCPUX and TGRNX, 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

JCPUX vs. TGRNX - Drawdown Comparison

The maximum JCPUX drawdown since its inception was -16.81%, smaller than the maximum TGRNX drawdown of -17.85%. Use the drawdown chart below to compare losses from any high point for JCPUX and TGRNX.

Drawdown Indicators

	JCPUX	TGRNX	Difference
Max Drawdown Largest peak-to-trough decline	-16.81%	-17.85%	+1.04%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-2.47%	-0.17%
Max Drawdown (3Y) Largest decline over 3 years	-6.05%	-3.99%	-2.06%
Max Drawdown (5Y) Largest decline over 5 years	-16.81%	-17.85%	+1.04%
Max Drawdown (10Y) Largest decline over 10 years	-16.81%	—	—
Current Drawdown Current decline from peak	-0.99%	-0.78%	-0.21%
Average Drawdown Average peak-to-trough decline	-2.30%	-5.20%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	0.78%	+0.13%

Volatility

JCPUX vs. TGRNX - Volatility Comparison

JPMorgan Core Plus Bond Fund Class R6 (JCPUX) has a higher volatility of 1.18% compared to TIAA-CREF Green Bond Fund (TGRNX) at 1.01%. This indicates that JCPUX's price experiences larger fluctuations and is considered to be riskier than TGRNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCPUX	TGRNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	1.01%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	2.35%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	3.70%	3.12%	+0.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.70%	4.84%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	4.81%	-0.17%

JCPUX vs. TGRNX - Expense Ratio Comparison

JCPUX has a 0.38% expense ratio, which is lower than TGRNX's 0.45% expense ratio.

Dividends

JCPUX vs. TGRNX - Dividend Comparison

JCPUX's dividend yield for the trailing twelve months is around 5.06%, more than TGRNX's 4.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCPUX JPMorgan Core Plus Bond Fund Class R6	5.06%	4.94%	4.96%	4.10%	3.45%	3.32%	4.43%	3.30%	3.15%	2.89%	2.84%	3.49%
TGRNX TIAA-CREF Green Bond Fund	4.29%	4.31%	4.48%	3.30%	2.69%	2.76%	4.20%	4.38%	0.43%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JCPUX and TGRNX in my portfolio?

JCPUX and TGRNX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCPUX or TGRNX?

JCPUX has higher volatility (1.18%) compared to TGRNX (1.01%). In terms of maximum drawdown, JCPUX dropped -16.81% vs TGRNX's -17.85%.

Which has better risk-adjusted returns?

JCPUX currently has the higher Sharpe Ratio (1.64 vs 1.59), 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.