JPEM vs. CGBL
JPEM (J.P. Morgan Diversified Return Emerging Markets Equity ETF) and CGBL (Capital Group Core Balanced ETF) are both exchange-traded funds - JPEM is a Emerging Markets Equities fund tracking the JPMorgan Diversified Factor Emerging Markets Equity Index, while CGBL is a Diversified Portfolio fund actively managed by Capital Group. JPEM is passively managed, while CGBL is actively managed. Over the past year, JPEM returned 20.19% vs 13.72% for CGBL. Their 0.63 correlation means they have sometimes moved together and sometimes differently. JPEM charges 0.44%/yr vs 0.33%/yr for CGBL.
Performance
JPEM vs. CGBL - Performance Comparison
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Returns By Period
In the year-to-date period, JPEM achieves a 8.42% return, which is significantly higher than CGBL's 6.23% return.
JPEM
- 1D
- -0.09%
- 1M
- 3.23%
- 6M
- 1.88%
- YTD
- 8.42%
- 1Y
- 20.19%
- 3Y*
- 12.56%
- 5Y*
- 7.18%
- 10Y*
- 7.21%
- ALL TIME*
- 5.78%
CGBL
- 1D
- -0.05%
- 1M
- -1.35%
- 6M
- 4.14%
- YTD
- 6.23%
- 1Y
- 13.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.25M | $65.73M | $77.16M | |
| $760.96K | $794.41K | $1.08M |
JPEM vs. CGBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF | 8.42% | 22.90% | 4.23% | 5.87% |
CGBL Capital Group Core Balanced ETF | 6.23% | 15.33% | 16.64% | 10.10% |
Correlation
The correlation between JPEM and CGBL is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023 | 0.63 |
The correlation between JPEM and CGBL has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
JPEM vs. CGBL — Risk / Return Rank
JPEM
CGBL
JPEM vs. CGBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) and Capital Group Core Balanced ETF (CGBL). 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.
| JPEM | CGBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.64 | +0.35 |
| Martin ratioReturn relative to average drawdown | 6.48 | 6.93 | -0.46 |
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Drawdowns
JPEM vs. CGBL - Drawdown Comparison
The maximum JPEM drawdown since its inception was -40.22%, which is greater than CGBL's maximum drawdown of -11.66%. Use the drawdown chart below to compare losses from any high point for JPEM and CGBL.
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Drawdown Indicators
| JPEM | CGBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -11.66% | -28.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -7.88% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | -1.97% | -1.97% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -1.29% | -8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 1.87% | +1.30% |
Volatility
JPEM vs. CGBL - Volatility Comparison
J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) has a higher volatility of 3.77% compared to Capital Group Core Balanced ETF (CGBL) at 2.70%. This indicates that JPEM's price experiences larger fluctuations and is considered to be riskier than CGBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPEM | CGBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 2.70% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 8.74% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 10.43% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 11.09% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 11.09% | +5.83% |
JPEM vs. CGBL - Expense Ratio Comparison
JPEM has a 0.44% expense ratio, which is higher than CGBL's 0.33% expense ratio.
Dividends
JPEM vs. CGBL - Dividend Comparison
JPEM's dividend yield for the trailing twelve months is around 4.28%, more than CGBL's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGBL Capital Group Core Balanced ETF | 1.88% | 1.98% | 1.92% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF | 4.28% | 4.65% | 5.12% | 4.46% | 4.71% | 4.40% | 2.85% | 3.47% | 2.79% | 2.14% | 1.28% | 3.22% |
Frequently Asked Questions
JPEM and CGBL have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPEM has higher volatility (3.77%) compared to CGBL (2.70%). In terms of maximum drawdown, JPEM dropped -40.22% vs CGBL's -11.66%.
On 1-year performance, JPEM leads with 20.19% vs 13.72% for CGBL. On fees, CGBL is cheaper at 0.33% per year. On volatility, CGBL has been the lower-risk option at 2.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JPEM has performed better with a 20.19% return vs 13.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CGBL is cheaper with a 0.33% expense ratio, compared with 0.44% for JPEM.
JPEM has the higher dividend yield at 4.28%, compared with 1.88% for CGBL.
JPEM is categorized as Emerging Markets Equities, while CGBL is Diversified Portfolio. They also come from different issuers: JPMorgan and Capital Group. Their fees differ too: 0.44% for JPEM and 0.33% for CGBL.
JPEM currently has the higher Sharpe Ratio (1.49 vs 1.24), 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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