JPIB vs. JPIE
JPIB (JPMorgan International Bond Opportunities ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. Both are actively managed. Over the past 3 years, JPIB returned 5.80%/yr vs 6.69%/yr for JPIE. Their 0.65 correlation means they have sometimes moved together and sometimes differently. JPIB charges 0.50%/yr vs 0.40%/yr for JPIE.
Performance
JPIB vs. JPIE - Performance Comparison
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Returns By Period
In the year-to-date period, JPIB achieves a 0.67% return, which is significantly lower than JPIE's 1.77% return.
JPIB
- 1D
- 0.06%
- 1M
- -0.83%
- 6M
- -0.25%
- YTD
- 0.67%
- 1Y
- 3.16%
- 3Y*
- 5.80%
- 5Y*
- 2.70%
- 10Y*
- —
- ALL TIME*
- 3.52%
JPIE
- 1D
- -0.09%
- 1M
- -0.11%
- 6M
- 1.34%
- YTD
- 1.77%
- 1Y
- 4.65%
- 3Y*
- 6.69%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.79M | $8.91M | $9.60M | |
| $68.11M | $65.58M | $67.81M |
JPIB vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 0.67% | 8.19% | 3.48% | 8.68% | -6.38% | 0.53% |
JPIE JPMorgan Income ETF | 1.77% | 7.39% | 6.32% | 7.07% | -6.13% | 0.27% |
Correlation
The correlation between JPIB and JPIE is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.65 |
The correlation between JPIB and JPIE shifts across timeframes, from 0.65 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPIB vs. JPIE — Risk / Return Rank
JPIB
JPIE
JPIB vs. JPIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and JPMorgan Income ETF (JPIE). 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 | JPIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.65 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 4.31 | -3.34 |
| Martin ratioReturn relative to average drawdown | 3.18 | 20.57 | -17.39 |
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Drawdowns
JPIB vs. JPIE - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for JPIB and JPIE.
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Drawdown Indicators
| JPIB | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -9.96% | -3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -1.15% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -1.72% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -0.20% | -0.99% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -2.03% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.24% | +0.90% |
Volatility
JPIB vs. JPIE - Volatility Comparison
JPMorgan International Bond Opportunities ETF (JPIB) has a higher volatility of 0.74% compared to JPMorgan Income ETF (JPIE) at 0.47%. This indicates that JPIB's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPIB | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.47% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 1.40% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 1.64% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.13% | 3.48% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 3.48% | +0.94% |
JPIB vs. JPIE - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than JPIE's 0.40% expense ratio.
Dividends
JPIB vs. JPIE - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 4.96%, less than JPIE's 5.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 4.58% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% |
JPIE JPMorgan Income ETF | 5.15% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPIB and JPIE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPIB has higher volatility (0.74%) compared to JPIE (0.47%). In terms of maximum drawdown, JPIB dropped -13.13% vs JPIE's -9.96%.
On 3-year performance, JPIE leads with 6.69% vs 5.80% for JPIB. On fees, JPIE is cheaper at 0.40% per year. On volatility, JPIE has been the lower-risk option at 0.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JPIE has performed better with a 6.69% return vs 5.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPIE is cheaper with a 0.40% expense ratio, compared with 0.50% for JPIB.
JPIE has the higher dividend yield at 5.15%, compared with 4.58% for JPIB.
JPIB is categorized as Global Bonds, while JPIE is Multisector Bonds. Their fees differ too: 0.50% for JPIB and 0.40% for JPIE.
JPIE currently has the higher Sharpe Ratio (3.01 vs 1.02), 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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