JPIB vs. JPIE
Compare and contrast key facts about JPMorgan International Bond Opportunities ETF (JPIB) and JPMorgan Income ETF (JPIE).
JPIB and JPIE 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. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPIB or JPIE.
Key characteristics
| JPIB | JPIE | |
|---|---|---|
| YTD Return | 3.42% | 5.43% |
| 1Y Return | 8.06% | 8.97% |
| 3Y Return (Ann) | 1.74% | 2.01% |
| Sharpe Ratio | 2.39 | 3.62 |
| Sortino Ratio | 3.81 | 6.04 |
| Omega Ratio | 1.47 | 1.85 |
| Calmar Ratio | 2.40 | 3.32 |
| Martin Ratio | 14.08 | 26.50 |
| Ulcer Index | 0.66% | 0.38% |
| Daily Std Dev | 3.87% | 2.75% |
| Max Drawdown | -13.13% | -9.96% |
| Current Drawdown | -1.43% | -0.73% |
Correlation
The correlation between JPIB and JPIE is 0.65, 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. JPIE - Performance Comparison
In the year-to-date period, JPIB achieves a 3.42% return, which is significantly lower than JPIE's 5.43% 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. JPIE - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than JPIE's 0.41% expense ratio.
Risk-Adjusted Performance
JPIB vs. JPIE - Risk-Adjusted Performance 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.
Dividends
JPIB vs. JPIE - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 4.33%, less than JPIE's 6.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 4.33% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 2.00% |
JPIE JPMorgan Income ETF | 6.20% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
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. For additional features, visit the drawdowns tool.
Volatility
JPIB vs. JPIE - Volatility Comparison
JPMorgan International Bond Opportunities ETF (JPIB) has a higher volatility of 0.87% compared to JPMorgan Income ETF (JPIE) at 0.49%. 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.