JDOC vs. BMED

Last updated Aug 4, 2026

JDOC (Jpmorgan Healthcare Leaders ETF) and BMED (Future Health ETF) are both Health & Biotech Equities funds. Both are actively managed. Over the past year, JDOC returned 23.57% vs 25.01% for BMED. Their correlation of 0.84 means they have usually moved in the same direction. JDOC charges 0.65%/yr vs 0.85%/yr for BMED.

Performance

JDOC vs. BMED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Healthcare Leaders ETF (JDOC) and Future Health ETF (BMED). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDOC achieves a 4.29% return, which is significantly higher than BMED's 2.13% return.

JDOC

• 1D: -0.50%
• 1M: -2.51%
• 6M: 2.15%
• YTD: 4.29%
• 1Y: 23.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.54%

BMED

• 1D: -0.36%
• 1M: -2.10%
• 6M: -1.11%
• YTD: 2.13%
• 1Y: 25.01%
• 3Y*: 8.90%
• 5Y*: 0.33%
• 10Y*: —
• ALL TIME*: 3.34%

*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)
BMED Future Health ETF	$43.65K	$67.75K	$63.60K
JDOC Jpmorgan Healthcare Leaders ETF	$21.20K	$19.99K	$31.46K

JDOC vs. BMED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JDOC Jpmorgan Healthcare Leaders ETF	4.29%	15.36%	-1.04%	7.92%
BMED Future Health ETF	2.13%	21.79%	1.55%	17.16%

Correlation

The correlation between JDOC and BMED 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 (All Time) Calculated using the full available price history since Nov 2, 2023	0.84

The correlation between JDOC and BMED has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

JDOC vs. BMED - Sectors Allocation Comparison

Sectors	JDOC	BMED
Healthcare	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	1.5%
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

JDOC vs. BMED — Risk / Return Rank

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

JDOC

JDOC Risk / Return Rank: 63
JDOC Sharpe Ratio Rank: 65
JDOC Sortino Ratio Rank: 73
JDOC Omega Ratio Rank: 61
JDOC Calmar Ratio Rank: 65
JDOC Martin Ratio Rank: 51

BMED

BMED Risk / Return Rank: 55
BMED Sharpe Ratio Rank: 65
BMED Sortino Ratio Rank: 69
BMED Omega Ratio Rank: 60
BMED Calmar Ratio Rank: 45
BMED Martin Ratio Rank: 37

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.

JDOC vs. BMED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Healthcare Leaders ETF (JDOC) and Future Health ETF (BMED). 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.

	JDOC	BMED	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.59	+0.01
Sortino ratio: Return per unit of downside risk	2.53	2.37	+0.16
Omega ratio: Gain probability vs. loss probability	1.28	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.44	1.69	+0.75
Martin ratio: Return relative to average drawdown	6.25	3.89	+2.36

JDOC vs. BMED - Sharpe Ratio Comparison

The current JDOC Sharpe Ratio is 1.60, which is comparable to the BMED Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of JDOC and BMED, 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

JDOC vs. BMED - Drawdown Comparison

The maximum JDOC drawdown since its inception was -20.87%, smaller than the maximum BMED drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for JDOC and BMED.

Drawdown Indicators

	JDOC	BMED	Difference
Max Drawdown Largest peak-to-trough decline	-20.87%	-36.44%	+15.57%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-14.85%	+5.17%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.90%	—
Current Drawdown Current decline from peak	-3.07%	-4.31%	+1.24%
Average Drawdown Average peak-to-trough decline	-6.72%	-18.74%	+12.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	6.44%	-2.66%

Volatility

JDOC vs. BMED - Volatility Comparison

Jpmorgan Healthcare Leaders ETF (JDOC) and Future Health ETF (BMED) have volatilities of 4.64% and 4.54%, 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.

Volatility by Period

	JDOC	BMED	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	4.54%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	12.12%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	15.84%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.69%	17.56%	-2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.69%	17.76%	-3.07%

JDOC vs. BMED - Expense Ratio Comparison

JDOC has a 0.65% expense ratio, which is lower than BMED's 0.85% expense ratio.

Dividends

JDOC vs. BMED - Dividend Comparison

JDOC's dividend yield for the trailing twelve months is around 0.85%, more than BMED's 0.26% yield.

Position	TTM	2025	2024	2023
BMED Future Health ETF	0.26%	0.00%	0.00%	0.03%
JDOC Jpmorgan Healthcare Leaders ETF	0.85%	0.89%	5.57%	0.15%

Frequently Asked Questions

Can I hold both JDOC and BMED in my portfolio?

JDOC and BMED 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, JDOC or BMED?

JDOC has higher volatility (4.64%) compared to BMED (4.54%). In terms of maximum drawdown, JDOC dropped -20.87% vs BMED's -36.44%.

Which ETF is better, JDOC or BMED?

On 1-year performance, BMED leads with 25.01% vs 23.57% for JDOC. On fees, JDOC is cheaper at 0.65% 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, JDOC or BMED?

Over the 1-year period, BMED has performed better with a 25.01% return vs 23.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDOC or BMED?

JDOC is cheaper with a 0.65% expense ratio, compared with 0.85% for BMED.

Which ETF pays a higher dividend yield, JDOC or BMED?

JDOC has the higher dividend yield at 0.85%, compared with 0.26% for BMED.

What is the main difference between JDOC and BMED?

They also come from different issuers: JPMorgan and BlackRock. Their fees differ too: 0.65% for JDOC and 0.85% for BMED.

Which has better risk-adjusted returns?

JDOC currently has the higher Sharpe Ratio (1.60 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.