JMMF vs. JPIE
JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - JMMF is a Money Market fund actively managed by JPMorgan, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. JMMF charges 0.16%/yr vs 0.40%/yr for JPIE.
Performance
JMMF vs. JPIE - Performance Comparison
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Returns By Period
In the year-to-date period, JMMF achieves a 1.82% return, which is significantly higher than JPIE's 1.62% return.
JMMF
- 1D
- 0.02%
- 1M
- 0.27%
- 6M
- 1.79%
- YTD
- 1.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPIE
- 1D
- -0.22%
- 1M
- -0.03%
- 6M
- 1.46%
- YTD
- 1.62%
- 1Y
- 5.04%
- 3Y*
- 6.41%
- 5Y*
- —
- 10Y*
- —
JMMF vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 1.82% | 0.17% |
JPIE JPMorgan Income ETF | 1.62% | 0.53% |
Correlation
The correlation between JMMF and JPIE is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.00 |
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Return for Risk
JMMF vs. JPIE — Risk / Return Rank
JMMF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JPIE
JMMF vs. JPIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF) 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.
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.
| JMMF | JPIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.68 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.41 | — |
| Martin ratioReturn relative to average drawdown | — | 21.39 | — |
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Drawdowns
JMMF vs. JPIE - Drawdown Comparison
The maximum JMMF drawdown since its inception was -0.14%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for JMMF and JPIE.
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Drawdown Indicators
| JMMF | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.14% | -9.96% | +9.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.15% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.28% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.33% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -2.05% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.24% | — |
Volatility
JMMF vs. JPIE - Volatility Comparison
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Volatility by Period
| JMMF | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.51% | 1.63% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.51% | 3.49% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.51% | 3.49% | -2.98% |
JMMF vs. JPIE - Expense Ratio Comparison
JMMF has a 0.16% expense ratio, which is lower than JPIE's 0.40% expense ratio.
Dividends
JMMF vs. JPIE - Dividend Comparison
JMMF's dividend yield for the trailing twelve months is around 2.00%, less than JPIE's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.00% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% |
JPIE JPMorgan Income ETF | 5.65% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% |
Frequently Asked Questions
JMMF and JPIE have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMMF is cheaper with a 0.16% expense ratio, compared with 0.40% for JPIE.
JPIE has the higher dividend yield at 5.65%, compared with 2.00% for JMMF.
JMMF is categorized as Money Market, while JPIE is Multisector Bonds. Their fees differ too: 0.16% for JMMF and 0.40% for JPIE.
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