JPIE vs. FAAR
JPIE (JPMorgan Income ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - JPIE is a Multisector Bonds fund actively managed by JPMorgan, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. Over the past 3 years, JPIE returned 6.60%/yr vs 10.57%/yr for FAAR. At a correlation of -0.04, they often move in opposite directions. JPIE charges 0.40%/yr vs 0.95%/yr for FAAR.
Performance
JPIE vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, JPIE achieves a 1.49% return, which is significantly lower than FAAR's 19.14% return.
JPIE
- 1D
- 0.02%
- 1M
- 0.50%
- YTD
- 1.49%
- 6M
- 1.65%
- 1Y
- 5.35%
- 3Y*
- 6.60%
- 5Y*
- —
- 10Y*
- —
FAAR
- 1D
- -0.91%
- 1M
- -5.21%
- YTD
- 19.14%
- 6M
- 18.06%
- 1Y
- 28.33%
- 3Y*
- 10.57%
- 5Y*
- 7.72%
- 10Y*
- 4.69%
JPIE vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 1.49% | 7.39% | 6.32% | 7.07% | -6.13% | 0.27% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 19.14% | 8.07% | 5.97% | -5.63% | 10.15% | -3.50% |
Correlation
The correlation between JPIE and FAAR is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | -0.04 |
The correlation between JPIE and FAAR shifts across timeframes, from -0.19 (1 year) to -0.04 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPIE vs. FAAR — Risk / Return Rank
JPIE
FAAR
JPIE vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPIE | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.37 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 4.52 | +0.16 |
| Martin ratioReturn relative to average drawdown | 22.79 | 15.18 | +7.61 |
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Drawdowns
JPIE vs. FAAR - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, smaller than the maximum FAAR drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for JPIE and FAAR.
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Drawdown Indicators
| JPIE | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.96% | -18.03% | +8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | -6.29% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -11.54% | +9.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -0.33% | -6.29% | +5.96% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -7.82% | +5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 1.87% | -1.63% |
Volatility
JPIE vs. FAAR - Volatility Comparison
The current volatility for JPMorgan Income ETF (JPIE) is 0.59%, while First Trust Alternative Absolute Return Strategy ETF (FAAR) has a volatility of 2.55%. This indicates that JPIE experiences smaller price fluctuations and is considered to be less risky than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPIE | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 2.55% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 9.68% | -8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.61% | 13.38% | -11.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.51% | 12.96% | -9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.51% | 11.54% | -8.03% |
JPIE vs. FAAR - Expense Ratio Comparison
JPIE has a 0.40% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
JPIE vs. FAAR - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 5.62%, less than FAAR's 9.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.66% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
JPIE JPMorgan Income ETF | 5.62% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPIE and FAAR have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAAR has higher volatility (2.55%) compared to JPIE (0.59%). In terms of maximum drawdown, JPIE dropped -9.96% vs FAAR's -18.03%.
On 3-year performance, FAAR leads with 10.57% vs 6.60% for JPIE. On fees, JPIE is cheaper at 0.40% per year. On volatility, JPIE has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FAAR has performed better with a 10.57% return vs 6.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPIE is cheaper with a 0.40% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.66%, compared with 5.62% for JPIE.
JPIE is categorized as Multisector Bonds, while FAAR is Commodities. They also come from different issuers: JPMorgan and First Trust. Their fees differ too: 0.40% for JPIE and 0.95% for FAAR.
JPIE currently has the higher Sharpe Ratio (3.33 vs 2.15), 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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