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JPIE vs. BINC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

JPIE vs. BINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income ETF (JPIE) and BlackRock Flexible Income ETF (BINC). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
4.12%
4.00%
JPIE
BINC

Returns By Period

The year-to-date returns for both stocks are quite close, with JPIE having a 5.57% return and BINC slightly lower at 5.36%.


JPIE

YTD

5.57%

1M

0.15%

6M

4.12%

1Y

9.00%

5Y (annualized)

N/A

10Y (annualized)

N/A

BINC

YTD

5.36%

1M

0.25%

6M

4.00%

1Y

9.38%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


JPIEBINC
Sharpe Ratio3.493.15
Sortino Ratio5.564.98
Omega Ratio1.791.68
Calmar Ratio3.147.37
Martin Ratio22.9821.66
Ulcer Index0.39%0.43%
Daily Std Dev2.58%2.98%
Max Drawdown-9.96%-1.95%
Current Drawdown-0.60%-0.60%

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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.


JPIE
JPMorgan Income ETF
Expense ratio chart for JPIE: current value at 0.41% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.41%
Expense ratio chart for BINC: current value at 0.40% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.40%

Correlation

-0.50.00.51.00.7

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.

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.


Sharpe ratio
The chart of Sharpe ratio for JPIE, currently valued at 3.49, compared to the broader market0.002.004.003.493.15
The chart of Sortino ratio for JPIE, currently valued at 5.56, compared to the broader market-2.000.002.004.006.008.0010.0012.005.564.98
The chart of Omega ratio for JPIE, currently valued at 1.79, compared to the broader market0.501.001.502.002.503.001.791.68
The chart of Calmar ratio for JPIE, currently valued at 7.96, compared to the broader market0.005.0010.0015.007.967.37
The chart of Martin ratio for JPIE, currently valued at 22.98, compared to the broader market0.0020.0040.0060.0080.00100.0022.9821.66
JPIE
BINC

The current JPIE Sharpe Ratio is 3.49, which is comparable to the BINC Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of JPIE and BINC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.49
3.15
JPIE
BINC

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.


TTM202320222021
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.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.60%
-0.60%
JPIE
BINC

Volatility

JPIE vs. BINC - Volatility Comparison

The current volatility for JPMorgan Income ETF (JPIE) is 0.42%, while BlackRock Flexible Income ETF (BINC) has a volatility of 0.57%. 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.


0.30%0.40%0.50%0.60%0.70%0.80%JuneJulyAugustSeptemberOctoberNovember
0.42%
0.57%
JPIE
BINC