JPIE vs. BINC
Compare and contrast key facts about JPMorgan Income ETF (JPIE) and BlackRock Flexible Income ETF (BINC).
JPIE and BINC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021. BINC is an actively managed fund by Blackrock. It was launched on Sep 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPIE or BINC.
Key characteristics
| JPIE | BINC | |
|---|---|---|
| YTD Return | 5.50% | 5.36% |
| 1Y Return | 10.07% | 10.62% |
| Sharpe Ratio | 3.69 | 3.28 |
| Sortino Ratio | 6.17 | 5.40 |
| Omega Ratio | 1.87 | 1.74 |
| Calmar Ratio | 2.73 | 8.24 |
| Martin Ratio | 27.43 | 25.32 |
| Ulcer Index | 0.37% | 0.41% |
| Daily Std Dev | 2.75% | 3.20% |
| Max Drawdown | -9.96% | -1.95% |
| Current Drawdown | -0.67% | -0.60% |
Correlation
The correlation between JPIE and BINC is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JPIE vs. BINC - Performance Comparison
The year-to-date returns for both stocks are quite close, with JPIE having a 5.50% return and BINC slightly lower at 5.36%. 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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JPIE vs. BINC - Expense Ratio Comparison
JPIE has a 0.41% expense ratio, which is higher than BINC's 0.40% expense ratio.
Risk-Adjusted Performance
JPIE vs. BINC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and BlackRock Flexible Income ETF (BINC). 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
JPIE vs. BINC - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 6.19%, more than BINC's 5.53% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
JPIE JPMorgan Income ETF | 6.19% | 5.70% | 4.49% | 0.63% |
BINC BlackRock Flexible Income ETF | 5.53% | 3.13% | 0.00% | 0.00% |
Drawdowns
JPIE vs. BINC - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, which is greater than BINC's maximum drawdown of -1.95%. Use the drawdown chart below to compare losses from any high point for JPIE and BINC. For additional features, visit the drawdowns tool.
Volatility
JPIE vs. BINC - Volatility Comparison
The current volatility for JPMorgan Income ETF (JPIE) is 0.46%, while BlackRock Flexible Income ETF (BINC) has a volatility of 0.66%. This indicates that JPIE experiences smaller price fluctuations and is considered to be less risky than BINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.