JPIB vs. VWOB
JPIB (JPMorgan International Bond Opportunities ETF) and VWOB (Vanguard Emerging Markets Government Bond ETF) are both exchange-traded funds - JPIB is a Global Bonds fund actively managed by JPMorgan, while VWOB is a Emerging Markets Bonds fund tracking the Barclays USD Emerging Markets Government RIC Capped Index. JPIB is actively managed, while VWOB is passively managed. Over the past 5 years, JPIB returned 2.83%/yr vs 2.08%/yr for VWOB. A 0.54 correlation means they provide meaningful diversification when combined. JPIB charges 0.50%/yr vs 0.20%/yr for VWOB.
Performance
JPIB vs. VWOB - 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 VWOB's 1.54% return.
JPIB
- 1D
- -0.25%
- 1M
- 0.81%
- YTD
- 0.74%
- 6M
- 0.71%
- 1Y
- 5.13%
- 3Y*
- 5.79%
- 5Y*
- 2.83%
- 10Y*
- —
VWOB
- 1D
- -0.31%
- 1M
- 1.13%
- YTD
- 1.54%
- 6M
- 1.55%
- 1Y
- 10.87%
- 3Y*
- 9.39%
- 5Y*
- 2.08%
- 10Y*
- 3.53%
JPIB vs. VWOB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 0.74% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | 10.76% | -2.17% | 2.61% |
VWOB Vanguard Emerging Markets Government Bond ETF | 1.54% | 13.49% | 5.20% | 10.68% | -17.39% | -1.80% | 5.65% | 14.46% | -2.92% | 3.56% |
Correlation
The correlation between JPIB and VWOB is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2017 | 0.54 |
Over the past year, JPIB and VWOB have become more correlated (0.79) than their long-term average of 0.54, meaning their price movements have been converging.
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Return for Risk
JPIB vs. VWOB — Risk / Return Rank
JPIB
VWOB
JPIB vs. VWOB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Bond Opportunities ETF (JPIB) and Vanguard Emerging Markets Government Bond ETF (VWOB). 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 | VWOB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.44 | -1.06 |
| Martin ratioReturn relative to average drawdown | 4.78 | 10.30 | -5.52 |
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 | VWOB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 2.12 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.23 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.42 | +0.40 |
Drawdowns
JPIB vs. VWOB - Drawdown Comparison
The maximum JPIB drawdown since its inception was -13.13%, smaller than the maximum VWOB drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for JPIB and VWOB.
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Drawdown Indicators
| JPIB | VWOB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.13% | -26.98% | +13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.75% | -4.48% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -7.71% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -26.98% | +15.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.98% | — |
Current DrawdownCurrent decline from peak | -1.12% | -0.36% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -4.78% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.06% | +0.01% |
Volatility
JPIB vs. VWOB - Volatility Comparison
The current volatility for JPMorgan International Bond Opportunities ETF (JPIB) is 1.08%, while Vanguard Emerging Markets Government Bond ETF (VWOB) has a volatility of 1.72%. This indicates that JPIB experiences smaller price fluctuations and is considered to be less risky than VWOB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPIB | VWOB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.72% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 4.17% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 5.15% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.11% | 9.18% | -5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 9.34% | -4.90% |
JPIB vs. VWOB - Expense Ratio Comparison
JPIB has a 0.50% expense ratio, which is higher than VWOB's 0.20% expense ratio.
Dividends
JPIB vs. VWOB - Dividend Comparison
JPIB's dividend yield for the trailing twelve months is around 5.02%, less than VWOB's 5.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VWOB Vanguard Emerging Markets Government Bond ETF | 5.85% | 5.92% | 6.08% | 5.50% | 5.30% | 4.04% | 4.18% | 4.58% | 4.52% | 4.61% | 4.71% | 4.93% |
Frequently Asked Questions
JPIB and VWOB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWOB has higher volatility (1.72%) compared to JPIB (1.08%). In terms of maximum drawdown, JPIB dropped -13.13% vs VWOB's -26.98%.
On 5-year performance, JPIB leads with 2.83% vs 2.08% for VWOB. On fees, VWOB is cheaper at 0.20% per year. On volatility, JPIB has been the lower-risk option at 1.08%. 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 2.83% return vs 2.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VWOB is cheaper with a 0.20% expense ratio, compared with 0.50% for JPIB.
VWOB has the higher dividend yield at 5.85%, compared with 5.02% for JPIB.
JPIB is categorized as Global Bonds, while VWOB is Emerging Markets Bonds. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.50% for JPIB and 0.20% for VWOB.
VWOB currently has the higher Sharpe Ratio (2.12 vs 1.46), 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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