JPIB vs. IDMO
JPIB (JPMorgan International Bond Opportunities ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. JPIB is actively managed, while IDMO is passively managed. Over the past 5 years, JPIB returned 2.76%/yr vs 15.50%/yr for IDMO. At a 0.32 correlation, their price movements are largely independent. JPIB charges 0.50%/yr vs 0.25%/yr for IDMO.
Performance
JPIB vs. IDMO - 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 IDMO's 8.17% return.
JPIB
- 1D
- 0.17%
- 1M
- 1.08%
- YTD
- 1.10%
- 6M
- 1.62%
- 1Y
- 5.24%
- 3Y*
- 5.93%
- 5Y*
- 2.76%
- 10Y*
- —
IDMO
- 1D
- 1.36%
- 1M
- -0.98%
- YTD
- 8.17%
- 6M
- 10.09%
- 1Y
- 24.72%
- 3Y*
- 25.21%
- 5Y*
- 15.50%
- 10Y*
- 12.64%
JPIB vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 1.10% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -2.17% | 2.61% |
IDMO Invesco S&P International Developed Momentum ETF | 8.17% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 13.54% |
Correlation
The correlation between JPIB and IDMO is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2017 | 0.32 |
Over the past year, JPIB and IDMO have become more correlated (0.59) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
JPIB vs. IDMO — Risk / Return Rank
JPIB
IDMO
JPIB vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and Invesco S&P International Developed Momentum ETF (IDMO). 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 | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.89 | -0.60 |
| Martin ratioReturn relative to average drawdown | 4.42 | 7.64 | -3.22 |
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Drawdowns
JPIB vs. IDMO - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for JPIB and IDMO.
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Drawdown Indicators
| JPIB | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -39.38% | +26.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -12.31% | +8.56% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -12.65% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -27.07% | +15.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.34% | — |
Current DrawdownCurrent decline from peak | -0.77% | -1.92% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -9.74% | +7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 3.04% | -1.95% |
Volatility
JPIB vs. IDMO - Volatility Comparison
The current volatility for JPMorgan International Bond Opportunities ETF (JPIB) is 1.19%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 7.92%. This indicates that JPIB experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPIB | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 7.92% | -6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 16.02% | -12.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 17.92% | -14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 18.03% | -13.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 18.18% | -13.74% |
JPIB vs. IDMO - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Dividends
JPIB vs. IDMO - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.00%, more than IDMO's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.52% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
JPIB and IDMO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (7.92%) compared to JPIB (1.19%). In terms of maximum drawdown, JPIB dropped -13.13% vs IDMO's -39.38%.
On 5-year performance, IDMO leads with 15.50% vs 2.76% for JPIB. On fees, IDMO is cheaper at 0.25% per year. On volatility, JPIB has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IDMO has performed better with a 15.50% return vs 2.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 5.00%, compared with 3.52% for IDMO.
JPIB is categorized as Global Bonds, while IDMO is Momentum. They also come from different issuers: JPMorgan and Invesco. Their fees differ too: 0.50% for JPIB and 0.25% for IDMO.
JPIB currently has the higher Sharpe Ratio (1.36 vs 1.30), 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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