JPIB vs. BGRN
JPIB (JPMorgan International Bond Opportunities ETF) and BGRN (iShares USD Green Bond ETF) are both Global Bonds funds. JPIB is actively managed, while BGRN is passively managed. Over the past 5 years, JPIB returned 2.83%/yr vs 0.54%/yr for BGRN. At a 0.48 correlation, their price movements are largely independent. JPIB charges 0.50%/yr vs 0.20%/yr for BGRN.
Performance
JPIB vs. BGRN - Performance Comparison
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Returns By Period
In the year-to-date period, JPIB achieves a 0.74% return, which is significantly higher than BGRN's 0.43% return.
JPIB
- 1D
- -0.25%
- 1M
- 0.81%
- YTD
- 0.74%
- 6M
- 0.71%
- 1Y
- 5.13%
- 3Y*
- 5.79%
- 5Y*
- 2.83%
- 10Y*
- —
BGRN
- 1D
- -0.20%
- 1M
- 0.31%
- YTD
- 0.43%
- 6M
- 0.49%
- 1Y
- 5.19%
- 3Y*
- 4.75%
- 5Y*
- 0.54%
- 10Y*
- —
JPIB vs. BGRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 0.74% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -0.44% |
BGRN iShares USD Green Bond ETF | 0.43% | 7.27% | 2.77% | 6.50% | -13.06% | -2.80% | 6.86% | 9.70% | 1.14% |
Correlation
The correlation between JPIB and BGRN is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2018 | 0.48 |
Over the past year, JPIB and BGRN have become more correlated (0.71) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
JPIB vs. BGRN — Risk / Return Rank
JPIB
BGRN
JPIB vs. BGRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and iShares USD Green Bond ETF (BGRN). 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.
| JPIB | BGRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.34 | -0.97 |
| Martin ratioReturn relative to average drawdown | 4.78 | 7.85 | -3.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPIB | BGRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.76 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.10 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.45 | +0.37 |
Drawdowns
JPIB vs. BGRN - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, smaller than the maximum BGRN drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for JPIB and BGRN.
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Drawdown Indicators
| JPIB | BGRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -19.16% | +6.03% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -2.23% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -4.55% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -18.73% | +6.90% |
Current DrawdownCurrent decline from peak | -1.12% | -0.83% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -5.79% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.66% | +0.41% |
Volatility
JPIB vs. BGRN - Volatility Comparison
JPMorgan International Bond Opportunities ETF (JPIB) and iShares USD Green Bond ETF (BGRN) have volatilities of 1.08% and 1.06%, 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.
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Volatility by Period
| JPIB | BGRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.06% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 2.24% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 2.97% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 5.46% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 5.00% | -0.56% |
JPIB vs. BGRN - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than BGRN's 0.20% expense ratio.
Dividends
JPIB vs. BGRN - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.02%, more than BGRN's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | 4.29% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% | 0.00% |
JPIB JPMorgan International Bond Opportunities ETF | 5.02% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% |
Frequently Asked Questions
JPIB and BGRN have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPIB has higher volatility (1.08%) compared to BGRN (1.06%). In terms of maximum drawdown, JPIB dropped -13.13% vs BGRN's -19.16%.
On 5-year performance, JPIB leads with 2.83% vs 0.54% for BGRN. On fees, BGRN is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JPIB has performed better with a 2.83% return vs 0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BGRN is cheaper with a 0.20% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 5.02%, compared with 4.29% for BGRN.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.50% for JPIB and 0.20% for BGRN.
BGRN currently has the higher Sharpe Ratio (1.76 vs 1.46), 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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