JPIB vs. IBND
JPIB (JPMorgan International Bond Opportunities ETF) and IBND (SPDR Bloomberg Barclays International Corporate Bond ETF) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while IBND is a Corporate Bonds fund tracking the Bloomberg Global Aggregate x USD >$1B: Corporate Bond. JPIB is actively managed, while IBND is passively managed. Over the past 5 years, JPIB returned 2.83%/yr vs -1.50%/yr for IBND. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
JPIB vs. IBND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPIB achieves a 0.74% return, which is significantly higher than IBND's -1.08% return.
JPIB
- 1D
- -0.25%
- 1M
- 0.81%
- YTD
- 0.74%
- 6M
- 0.71%
- 1Y
- 5.13%
- 3Y*
- 5.79%
- 5Y*
- 2.83%
- 10Y*
- —
IBND
- 1D
- -0.44%
- 1M
- -0.01%
- YTD
- -1.08%
- 6M
- -0.51%
- 1Y
- 2.86%
- 3Y*
- 6.69%
- 5Y*
- -1.50%
- 10Y*
- 0.65%
JPIB vs. IBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 0.74% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -2.17% | 2.61% |
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | -1.08% | 16.17% | -2.81% | 10.38% | -19.44% | -8.40% | 11.50% | 4.41% | -6.15% | 7.24% |
Correlation
The correlation between JPIB and IBND is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2017 | 0.37 |
Over the past year, JPIB and IBND have become more correlated (0.63) than their long-term average of 0.37, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPIB vs. IBND — Risk / Return Rank
JPIB
IBND
JPIB vs. IBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and SPDR Bloomberg Barclays International Corporate Bond ETF (IBND). 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 | IBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.07 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.42 | +0.95 |
| Martin ratioReturn relative to average drawdown | 4.78 | 1.16 | +3.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JPIB | IBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 0.36 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | -0.15 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.15 | +0.67 |
Drawdowns
JPIB vs. IBND - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, smaller than the maximum IBND drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for JPIB and IBND.
Loading charts...
Drawdown Indicators
| JPIB | IBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -35.62% | +22.49% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -6.75% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -9.18% | +5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -34.32% | +22.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.62% | — |
Current DrawdownCurrent decline from peak | -1.12% | -9.45% | +8.33% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -10.64% | +8.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.46% | -1.39% |
Volatility
JPIB vs. IBND - Volatility Comparison
The current volatility for JPMorgan International Bond Opportunities ETF (JPIB) is 1.08%, while SPDR Bloomberg Barclays International Corporate Bond ETF (IBND) has a volatility of 2.04%. This indicates that JPIB experiences smaller price fluctuations and is considered to be less risky than IBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPIB | IBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 2.04% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 6.15% | -3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 7.97% | -4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 9.74% | -5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 8.94% | -4.50% |
JPIB vs. IBND - Expense Ratio Comparison
Both JPIB and IBND have an expense ratio of 0.50%.
Dividends
JPIB vs. IBND - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.02%, more than IBND's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBND SPDR Bloomberg Barclays International Corporate Bond ETF | 2.74% | 2.49% | 2.61% | 2.08% | 0.54% | 0.38% | 0.45% | 0.67% | 0.71% | 0.34% | 0.01% | 0.01% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
JPIB and IBND have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBND has higher volatility (2.04%) compared to JPIB (1.08%). In terms of maximum drawdown, JPIB dropped -13.13% vs IBND's -35.62%.
On 5-year performance, JPIB leads with 2.83% vs -1.50% for IBND. Both ETFs have the same 0.50% expense ratio. On volatility, JPIB has been the lower-risk option at 1.08%. 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 -1.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPIB and IBND have the same expense ratio: 0.50% per year.
JPIB has the higher dividend yield at 5.02%, compared with 2.74% for IBND.
JPIB is categorized as Global Bonds, while IBND is Corporate Bonds. They also come from different issuers: JPMorgan and State Street.
JPIB currently has the higher Sharpe Ratio (1.46 vs 0.36), 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.
Find the right allocation for JPIB and IBND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer