JPDIX vs. JPIE
JPDIX (JPMorgan Preferred and Income Securities Fund) and JPIE (JPMorgan Income ETF) are both funds - JPDIX is a Preferred Stock/Convertible Bonds fund managed by JPMorgan, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. Over the past 3 years, JPDIX returned 9.60%/yr vs 6.60%/yr for JPIE. At a 0.48 correlation, their price movements are largely independent. JPDIX charges 0.59%/yr vs 0.40%/yr for JPIE.
Performance
JPDIX vs. JPIE - Performance Comparison
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Returns By Period
In the year-to-date period, JPDIX achieves a 1.18% return, which is significantly lower than JPIE's 1.49% return.
JPDIX
- 1D
- -0.10%
- 1M
- 0.56%
- YTD
- 1.18%
- 6M
- 1.83%
- 1Y
- 6.89%
- 3Y*
- 9.60%
- 5Y*
- —
- 10Y*
- —
JPIE
- 1D
- 0.02%
- 1M
- 0.50%
- YTD
- 1.49%
- 6M
- 1.65%
- 1Y
- 5.35%
- 3Y*
- 6.60%
- 5Y*
- —
- 10Y*
- —
JPDIX vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JPDIX JPMorgan Preferred and Income Securities Fund | 1.18% | 8.64% | 10.59% | 7.02% | -8.33% |
JPIE JPMorgan Income ETF | 1.49% | 7.39% | 6.32% | 7.07% | -2.28% |
Correlation
The correlation between JPDIX and JPIE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2022 | 0.48 |
The correlation between JPDIX and JPIE has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
JPDIX vs. JPIE — Risk / Return Rank
JPDIX
JPIE
JPDIX vs. JPIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Preferred and Income Securities Fund (JPDIX) 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.
| JPDIX | JPIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.74 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 4.68 | -2.31 |
| Martin ratioReturn relative to average drawdown | 11.65 | 22.79 | -11.14 |
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Drawdowns
JPDIX vs. JPIE - Drawdown Comparison
The maximum JPDIX drawdown since its inception was -14.56%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for JPDIX and JPIE.
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Drawdown Indicators
| JPDIX | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.56% | -9.96% | -4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -1.15% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -4.27% | -2.40% | -1.87% |
Current DrawdownCurrent decline from peak | -0.20% | -0.33% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -2.07% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.24% | +0.35% |
Volatility
JPDIX vs. JPIE - Volatility Comparison
JPMorgan Preferred and Income Securities Fund (JPDIX) has a higher volatility of 0.73% compared to JPMorgan Income ETF (JPIE) at 0.59%. This indicates that JPDIX'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.
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Volatility by Period
| JPDIX | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.59% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 1.34% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.88% | 1.61% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.15% | 3.51% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.15% | 3.51% | +1.64% |
JPDIX vs. JPIE - Expense Ratio Comparison
JPDIX has a 0.59% expense ratio, which is higher than JPIE's 0.40% expense ratio.
Dividends
JPDIX vs. JPIE - Dividend Comparison
JPDIX's dividend yield for the trailing twelve months is around 5.65%, which matches JPIE's 5.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JPDIX JPMorgan Preferred and Income Securities Fund | 5.65% | 5.53% | 4.97% | 4.45% | 2.19% | 0.00% |
JPIE JPMorgan Income ETF | 5.62% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% |
Frequently Asked Questions
JPDIX and JPIE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPDIX has higher volatility (0.73%) compared to JPIE (0.59%). In terms of maximum drawdown, JPDIX dropped -14.56% vs JPIE's -9.96%.
JPIE currently has the higher Sharpe Ratio (3.33 vs 2.41), 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.
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