JPIB vs. FTBD
JPIB (JPMorgan International Bond Opportunities ETF) and FTBD (Fidelity Tactical Bond ETF) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while FTBD is a Nontraditional Bonds fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, JPIB returned 5.96%/yr vs 5.20%/yr for FTBD. A 0.76 correlation means they provide meaningful diversification when combined. JPIB charges 0.50%/yr vs 0.55%/yr for FTBD.
Performance
JPIB vs. FTBD - Performance Comparison
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Returns By Period
In the year-to-date period, JPIB achieves a 1.10% return, which is significantly lower than FTBD's 1.43% return.
JPIB
- 1D
- -0.04%
- 1M
- 0.94%
- YTD
- 1.10%
- 6M
- 1.25%
- 1Y
- 4.85%
- 3Y*
- 5.96%
- 5Y*
- 2.81%
- 10Y*
- —
FTBD
- 1D
- 0.11%
- 1M
- 0.92%
- YTD
- 1.43%
- 6M
- 1.51%
- 1Y
- 5.72%
- 3Y*
- 5.20%
- 5Y*
- —
- 10Y*
- —
JPIB vs. FTBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 1.10% | 8.19% | 3.48% | 5.82% |
FTBD Fidelity Tactical Bond ETF | 1.43% | 8.35% | 1.77% | 3.65% |
Correlation
The correlation between JPIB and FTBD is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2023 | 0.76 |
The correlation between JPIB and FTBD has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
JPIB vs. FTBD — Risk / Return Rank
JPIB
FTBD
JPIB vs. FTBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and Fidelity Tactical Bond ETF (FTBD). 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.
| JPIB | FTBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.93 | -0.63 |
| Martin ratioReturn relative to average drawdown | 4.42 | 6.42 | -2.00 |
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Drawdowns
JPIB vs. FTBD - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, which is greater than FTBD's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for JPIB and FTBD.
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Drawdown Indicators
| JPIB | FTBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -6.98% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -2.98% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -6.56% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | — | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.72% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -1.56% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 0.89% | +0.21% |
Volatility
JPIB vs. FTBD - Volatility Comparison
JPMorgan International Bond Opportunities ETF (JPIB) and Fidelity Tactical Bond ETF (FTBD) have volatilities of 1.06% and 1.09%, 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 | FTBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.09% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 3.22% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 4.27% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 5.84% | -1.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 5.84% | -1.40% |
JPIB vs. FTBD - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is lower than FTBD's 0.55% expense ratio.
Dividends
JPIB vs. FTBD - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.00%, which matches FTBD's 5.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 5.01% | 5.04% | 4.76% | 4.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPIB JPMorgan International Bond Opportunities ETF | 5.00% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% |
Frequently Asked Questions
JPIB and FTBD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTBD has higher volatility (1.09%) compared to JPIB (1.06%). In terms of maximum drawdown, JPIB dropped -13.13% vs FTBD's -6.98%.
On 3-year performance, JPIB leads with 5.96% vs 5.20% for FTBD. On fees, JPIB is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JPIB has performed better with a 5.96% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPIB is cheaper with a 0.50% expense ratio, compared with 0.55% for FTBD.
JPIB and FTBD have nearly identical dividend yields, around 5.00%.
JPIB is categorized as Global Bonds, while FTBD is Nontraditional Bonds. They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.50% for JPIB and 0.55% for FTBD.
JPIB currently has the higher Sharpe Ratio (1.36 vs 1.35), 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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