JPIB vs. TMSF
JPIB (JPMorgan International Bond Opportunities ETF) and TMSF (T. Rowe Price Multi-Sector Income ETF) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while TMSF is a Multisector Bonds fund actively managed by T. Rowe Price. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. JPIB charges 0.50%/yr vs 0.37%/yr for TMSF.
Performance
JPIB vs. TMSF - Performance Comparison
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Returns By Period
In the year-to-date period, JPIB achieves a 0.74% return, which is significantly lower than TMSF's 1.71% return.
JPIB
- 1D
- -0.25%
- 1M
- 0.81%
- YTD
- 0.74%
- 6M
- 0.71%
- 1Y
- 5.13%
- 3Y*
- 5.79%
- 5Y*
- 2.83%
- 10Y*
- —
TMSF
- 1D
- -0.20%
- 1M
- 0.53%
- YTD
- 1.71%
- 6M
- 2.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPIB vs. TMSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 0.74% | 0.84% |
TMSF T. Rowe Price Multi-Sector Income ETF | 1.71% | 1.29% |
Correlation
The correlation between JPIB and TMSF is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | 0.72 |
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Return for Risk
JPIB vs. TMSF — Risk / Return Rank
JPIB
TMSF
JPIB vs. TMSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and T. Rowe Price Multi-Sector Income ETF (TMSF). 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.
| JPIB | TMSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | — | — |
| Martin ratioReturn relative to average drawdown | 4.78 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPIB | TMSF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.99 | -1.18 |
Drawdowns
JPIB vs. TMSF - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, which is greater than TMSF's maximum drawdown of -2.28%. Use the drawdown chart below to compare losses from any high point for JPIB and TMSF.
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Drawdown Indicators
| JPIB | TMSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -2.28% | -10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | — | — |
Current DrawdownCurrent decline from peak | -1.12% | -0.25% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -0.38% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | — | — |
Volatility
JPIB vs. TMSF - Volatility Comparison
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Volatility by Period
| JPIB | TMSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 2.94% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 2.94% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 2.94% | +1.50% |
JPIB vs. TMSF - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than TMSF's 0.37% expense ratio.
Dividends
JPIB vs. TMSF - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.02%, more than TMSF's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 5.02% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% |
TMSF T. Rowe Price Multi-Sector Income ETF | 3.06% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPIB and TMSF have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TMSF is cheaper at 0.37% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TMSF is cheaper with a 0.37% expense ratio, compared with 0.50% for JPIB.
JPIB has the higher dividend yield at 5.02%, compared with 3.06% for TMSF.
JPIB is categorized as Global Bonds, while TMSF is Multisector Bonds. They also come from different issuers: JPMorgan and T. Rowe Price. Their fees differ too: 0.50% for JPIB and 0.37% for TMSF.
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