JMUB vs. AGG
Compare and contrast key facts about JPMorgan Municipal ETF (JMUB) and iShares Core U.S. Aggregate Bond ETF (AGG).
JMUB and AGG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMUB is an actively managed fund by JPMorgan Chase. It was launched on Oct 29, 2018. AGG is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Sep 22, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMUB or AGG.
Key characteristics
| JMUB | AGG | |
|---|---|---|
| YTD Return | 1.87% | 1.81% |
| 1Y Return | 6.28% | 6.82% |
| 3Y Return (Ann) | 0.11% | -2.19% |
| 5Y Return (Ann) | 1.44% | -0.18% |
| Sharpe Ratio | 2.22 | 1.37 |
| Sortino Ratio | 3.25 | 2.02 |
| Omega Ratio | 1.46 | 1.24 |
| Calmar Ratio | 1.09 | 0.55 |
| Martin Ratio | 11.22 | 4.85 |
| Ulcer Index | 0.63% | 1.68% |
| Daily Std Dev | 3.17% | 5.95% |
| Max Drawdown | -12.50% | -18.43% |
| Current Drawdown | -1.31% | -8.49% |
Correlation
The correlation between JMUB and AGG is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JMUB vs. AGG - Performance Comparison
The year-to-date returns for both stocks are quite close, with JMUB having a 1.87% return and AGG slightly lower at 1.81%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JMUB vs. AGG - Expense Ratio Comparison
JMUB has a 0.18% expense ratio, which is higher than AGG's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
JMUB vs. AGG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Municipal ETF (JMUB) and iShares Core U.S. Aggregate Bond ETF (AGG). 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
JMUB vs. AGG - Dividend Comparison
JMUB's dividend yield for the trailing twelve months is around 3.46%, less than AGG's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMUB JPMorgan Municipal ETF | 3.46% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.96% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% | 2.32% |
Drawdowns
JMUB vs. AGG - Drawdown Comparison
The maximum JMUB drawdown since its inception was -12.50%, smaller than the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for JMUB and AGG. For additional features, visit the drawdowns tool.
Volatility
JMUB vs. AGG - Volatility Comparison
The current volatility for JPMorgan Municipal ETF (JMUB) is 1.50%, while iShares Core U.S. Aggregate Bond ETF (AGG) has a volatility of 1.71%. This indicates that JMUB experiences smaller price fluctuations and is considered to be less risky than AGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.