JPIB vs. IVLU
JPIB (JPMorgan International Bond Opportunities ETF) and IVLU (iShares MSCI International Value Factor ETF) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value Index. JPIB is actively managed, while IVLU is passively managed. Over the past 5 years, JPIB returned 2.76%/yr vs 14.06%/yr for IVLU. At a 0.33 correlation, their price movements are largely independent. JPIB charges 0.50%/yr vs 0.30%/yr for IVLU.
Performance
JPIB vs. IVLU - 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 IVLU's 12.96% return.
JPIB
- 1D
- 0.17%
- 1M
- 1.08%
- YTD
- 1.10%
- 6M
- 1.62%
- 1Y
- 5.24%
- 3Y*
- 5.93%
- 5Y*
- 2.76%
- 10Y*
- —
IVLU
- 1D
- 0.56%
- 1M
- 0.66%
- YTD
- 12.96%
- 6M
- 14.33%
- 1Y
- 35.32%
- 3Y*
- 23.53%
- 5Y*
- 14.06%
- 10Y*
- 11.63%
JPIB vs. IVLU - 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% |
IVLU iShares MSCI International Value Factor ETF | 12.96% | 46.09% | 6.76% | 20.07% | -5.73% | 15.60% | -4.50% | 15.60% | -15.10% | 10.96% |
Correlation
The correlation between JPIB and IVLU is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2017 | 0.33 |
Over the past year, JPIB and IVLU have become more correlated (0.60) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
JPIB vs. IVLU — Risk / Return Rank
JPIB
IVLU
JPIB vs. IVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and iShares MSCI International Value Factor ETF (IVLU). 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 | IVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.90 | -1.61 |
| Martin ratioReturn relative to average drawdown | 4.42 | 11.01 | -6.59 |
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Drawdowns
JPIB vs. IVLU - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, smaller than the maximum IVLU drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for JPIB and IVLU.
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Drawdown Indicators
| JPIB | IVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -41.85% | +28.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -11.69% | +7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -15.48% | +11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -26.04% | +14.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.85% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.53% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -8.57% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 3.09% | -2.00% |
Volatility
JPIB vs. IVLU - Volatility Comparison
The current volatility for JPMorgan International Bond Opportunities ETF (JPIB) is 1.19%, while iShares MSCI International Value Factor ETF (IVLU) has a volatility of 5.44%. This indicates that JPIB experiences smaller price fluctuations and is considered to be less risky than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPIB | IVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 5.44% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 12.85% | -9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 15.65% | -12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 16.58% | -12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 17.66% | -13.22% |
JPIB vs. IVLU - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than IVLU's 0.30% expense ratio.
Dividends
JPIB vs. IVLU - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.00%, more than IVLU's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVLU iShares MSCI International Value Factor ETF | 3.28% | 3.71% | 4.46% | 4.69% | 3.59% | 3.47% | 2.05% | 3.53% | 2.82% | 2.87% | 2.53% | 0.93% |
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 IVLU have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVLU has higher volatility (5.44%) compared to JPIB (1.19%). In terms of maximum drawdown, JPIB dropped -13.13% vs IVLU's -41.85%.
On 5-year performance, IVLU leads with 14.06% vs 2.76% for JPIB. On fees, IVLU is cheaper at 0.30% 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, IVLU has performed better with a 14.06% return vs 2.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVLU is cheaper with a 0.30% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 5.00%, compared with 3.28% for IVLU.
JPIB is categorized as Global Bonds, while IVLU is Foreign Large Cap Equities. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.50% for JPIB and 0.30% for IVLU.
IVLU currently has the higher Sharpe Ratio (2.17 vs 1.36), 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.
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