JPIE vs. CARY

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Income ETF (JPIE) and Angel Oak Income ETF (CARY).

JPIE and CARY 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. CARY is an actively managed fund by Angel Oak. It was launched on Nov 7, 2022.

Performance

JPIE vs. CARY - Performance Comparison

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

JPIE vs. CARY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JPIE JPMorgan Income ETF	0.41%	7.39%	-0.33%
CARY Angel Oak Income ETF	0.97%	7.54%	-0.74%

Returns By Period

In the year-to-date period, JPIE achieves a 0.41% return, which is significantly lower than CARY's 0.97% return.

JPIE

• 1D: 0.28%
• 1M: -0.63%
• YTD: 0.41%
• 6M: 2.06%
• 1Y: 5.76%
• 3Y*: 6.24%
• 5Y*: —
• 10Y*: —

CARY

• 1D: 0.36%
• 1M: -0.81%
• YTD: 0.97%
• 6M: 2.36%
• 1Y: 6.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPIE vs. CARY - Expense Ratio Comparison

JPIE has a 0.41% expense ratio, which is lower than CARY's 0.80% expense ratio.

CARY

Angel Oak Income ETF

JPIE

JPMorgan Income ETF

Return for Risk

JPIE vs. CARY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPIE

JPIE Risk / Return Rank: 96
JPIE Sharpe Ratio Rank: 97
JPIE Sortino Ratio Rank: 97
JPIE Omega Ratio Rank: 98
JPIE Calmar Ratio Rank: 93
JPIE Martin Ratio Rank: 97

CARY

CARY Risk / Return Rank: 97
CARY Sharpe Ratio Rank: 98
CARY Sortino Ratio Rank: 98
CARY Omega Ratio Rank: 98
CARY Calmar Ratio Rank: 97
CARY Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPIE vs. CARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and Angel Oak Income ETF (CARY). 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.

	JPIE	CARY	Difference
Sharpe ratio Return per unit of total volatility	2.74	3.09	-0.35
Sortino ratio Return per unit of downside risk	3.66	4.52	-0.86
Omega ratio Gain probability vs. loss probability	1.69	1.67	+0.02
Calmar ratio Return relative to maximum drawdown	3.40	5.08	-1.67
Martin ratio Return relative to average drawdown	18.83	19.05	-0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPIE vs. CARY - Sharpe Ratio Comparison

The current JPIE Sharpe Ratio is 2.74, which is comparable to the CARY Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of JPIE and CARY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPIE	CARY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	3.09	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	2.83	-1.89

Correlation

The correlation between JPIE and CARY is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JPIE vs. CARY - Dividend Comparison

JPIE's dividend yield for the trailing twelve months is around 5.62%, less than CARY's 6.07% yield.

	TTM	2025	2024	2023	2022	2021
JPIE JPMorgan Income ETF	5.62%	5.65%	6.11%	5.70%	4.49%	0.63%
CARY Angel Oak Income ETF	6.07%	6.13%	0.42%	0.00%	0.00%	0.00%

Drawdowns

JPIE vs. CARY - Drawdown Comparison

The maximum JPIE drawdown since its inception was -9.96%, which is greater than CARY's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for JPIE and CARY.

Drawdown Indicators

	JPIE	CARY	Difference
Max Drawdown Largest peak-to-trough decline	-9.96%	-1.28%	-8.68%
Max Drawdown (1Y) Largest decline over 1 year	-1.72%	-1.28%	-0.44%
Current Drawdown Current decline from peak	-0.63%	-0.83%	+0.20%
Average Drawdown Average peak-to-trough decline	-2.17%	-0.22%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.34%	-0.03%

Volatility

JPIE vs. CARY - Volatility Comparison

JPMorgan Income ETF (JPIE) and Angel Oak Income ETF (CARY) have volatilities of 0.86% and 0.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPIE	CARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	0.89%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	1.09%	1.27%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	2.11%	2.05%	+0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.57%	2.18%	+1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.57%	2.18%	+1.39%