JPIB vs. SKOR
JPIB (JPMorgan International Bond Opportunities ETF) and SKOR (FlexShares Credit-Scored US Corporate Bond Index Fund) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while SKOR is a Corporate Bonds fund tracking the NorthernTrustUS Corporate Bond Quality Value Index. JPIB is actively managed, while SKOR is passively managed. Over the past 5 years, JPIB returned 2.76%/yr vs 1.74%/yr for SKOR. At a 0.47 correlation, their price movements are largely independent. JPIB charges 0.50%/yr vs 0.22%/yr for SKOR.
Performance
JPIB vs. SKOR - Performance Comparison
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Returns By Period
In the year-to-date period, JPIB achieves a 1.10% return, which is significantly higher than SKOR's 0.54% return.
JPIB
- 1D
- 0.17%
- 1M
- 1.08%
- YTD
- 1.10%
- 6M
- 1.62%
- 1Y
- 5.24%
- 3Y*
- 5.93%
- 5Y*
- 2.76%
- 10Y*
- —
SKOR
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.54%
- 6M
- 1.02%
- 1Y
- 5.20%
- 3Y*
- 6.13%
- 5Y*
- 1.74%
- 10Y*
- 2.88%
JPIB vs. SKOR - 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% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 0.54% | 7.99% | 4.42% | 7.64% | -9.88% | -1.40% | 8.84% | 10.69% | -1.25% | 1.41% |
Correlation
The correlation between JPIB and SKOR is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2017 | 0.47 |
Over the past year, JPIB and SKOR have become more correlated (0.73) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
JPIB vs. SKOR — Risk / Return Rank
JPIB
SKOR
JPIB vs. SKOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR). 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 | SKOR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 2.38 | -1.09 |
| Martin ratioReturn relative to average drawdown | 4.42 | 8.31 | -3.89 |
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Drawdowns
JPIB vs. SKOR - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, smaller than the maximum SKOR drawdown of -15.98%. Use the drawdown chart below to compare losses from any high point for JPIB and SKOR.
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Drawdown Indicators
| JPIB | SKOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -15.98% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -2.09% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -3.11% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -15.13% | +3.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.98% | — |
Current DrawdownCurrent decline from peak | -0.77% | -0.57% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -2.65% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.60% | +0.49% |
Volatility
JPIB vs. SKOR - Volatility Comparison
JPMorgan International Bond Opportunities ETF (JPIB) has a higher volatility of 1.19% compared to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) at 0.94%. This indicates that JPIB's price experiences larger fluctuations and is considered to be riskier than SKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPIB | SKOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.94% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 2.04% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 2.71% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.12% | 4.43% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 4.90% | -0.46% |
JPIB vs. SKOR - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than SKOR's 0.22% expense ratio.
Dividends
JPIB vs. SKOR - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.00%, more than SKOR's 4.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 4.66% | 4.70% | 4.90% | 3.90% | 2.57% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% |
Frequently Asked Questions
JPIB and SKOR have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPIB has higher volatility (1.19%) compared to SKOR (0.94%). In terms of maximum drawdown, JPIB dropped -13.13% vs SKOR's -15.98%.
On 5-year performance, JPIB leads with 2.76% vs 1.74% for SKOR. On fees, SKOR is cheaper at 0.22% per year. On volatility, SKOR has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JPIB has performed better with a 2.76% return vs 1.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKOR is cheaper with a 0.22% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 5.00%, compared with 4.66% for SKOR.
JPIB is categorized as Global Bonds, while SKOR is Corporate Bonds. They also come from different issuers: JPMorgan and Northern Trust. Their fees differ too: 0.50% for JPIB and 0.22% for SKOR.
SKOR currently has the higher Sharpe Ratio (1.84 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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