JPIB vs. JNK
Compare and contrast key facts about JPMorgan International Bond Opportunities ETF (JPIB) and SPDR Barclays High Yield Bond ETF (JNK).
JPIB and JNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPIB is an actively managed fund by JPMorgan Chase. It was launched on Apr 5, 2017. JNK is a passively managed fund by State Street that tracks the performance of the Barclays Capital High Yield Very Liquid Index. It was launched on Nov 28, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPIB or JNK.
Key characteristics
| JPIB | JNK | |
|---|---|---|
| YTD Return | 3.42% | 7.83% |
| 1Y Return | 8.06% | 12.91% |
| 3Y Return (Ann) | 1.74% | 2.36% |
| 5Y Return (Ann) | 2.63% | 3.49% |
| Sharpe Ratio | 2.39 | 2.95 |
| Sortino Ratio | 3.81 | 4.58 |
| Omega Ratio | 1.47 | 1.58 |
| Calmar Ratio | 2.40 | 2.25 |
| Martin Ratio | 14.08 | 22.96 |
| Ulcer Index | 0.66% | 0.61% |
| Daily Std Dev | 3.87% | 4.77% |
| Max Drawdown | -13.13% | -38.48% |
| Current Drawdown | -1.43% | -0.47% |
Correlation
The correlation between JPIB and JNK is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JPIB vs. JNK - Performance Comparison
In the year-to-date period, JPIB achieves a 3.42% return, which is significantly lower than JNK's 7.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JPIB vs. JNK - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than JNK's 0.40% expense ratio.
Risk-Adjusted Performance
JPIB vs. JNK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and SPDR Barclays High Yield Bond ETF (JNK). 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.
Dividends
JPIB vs. JNK - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 4.33%, less than JNK's 6.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 4.33% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 2.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JNK SPDR Barclays High Yield Bond ETF | 6.55% | 6.38% | 6.06% | 4.26% | 5.11% | 5.44% | 5.90% | 5.60% | 6.06% | 6.60% | 5.99% | 6.05% |
Drawdowns
JPIB vs. JNK - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, smaller than the maximum JNK drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for JPIB and JNK. For additional features, visit the drawdowns tool.
Volatility
JPIB vs. JNK - Volatility Comparison
The current volatility for JPMorgan International Bond Opportunities ETF (JPIB) is 0.87%, while SPDR Barclays High Yield Bond ETF (JNK) has a volatility of 1.22%. This indicates that JPIB experiences smaller price fluctuations and is considered to be less risky than JNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.