JPIE vs. FBND
JPIE (JPMorgan Income ETF) and FBND (Fidelity Total Bond ETF) are both exchange-traded funds - JPIE is a Multisector Bonds fund actively managed by JPMorgan, while FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, JPIE returned 6.49%/yr vs 4.60%/yr for FBND. A 0.72 correlation means they provide meaningful diversification when combined. JPIE charges 0.40%/yr vs 0.36%/yr for FBND.
Performance
JPIE vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, JPIE achieves a 1.29% return, which is significantly higher than FBND's 0.10% return.
JPIE
- 1D
- -0.02%
- 1M
- -0.05%
- YTD
- 1.29%
- 6M
- 1.85%
- 1Y
- 5.88%
- 3Y*
- 6.49%
- 5Y*
- —
- 10Y*
- —
FBND
- 1D
- -0.07%
- 1M
- -0.69%
- YTD
- 0.10%
- 6M
- 0.40%
- 1Y
- 5.34%
- 3Y*
- 4.60%
- 5Y*
- 0.68%
- 10Y*
- 2.47%
JPIE vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 1.29% | 7.39% | 6.32% | 7.07% | -6.13% | 0.27% |
FBND Fidelity Total Bond ETF | 0.10% | 7.57% | 2.13% | 6.81% | -12.54% | 0.33% |
Correlation
The correlation between JPIE and FBND is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.72 |
The correlation between JPIE and FBND has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
JPIE vs. FBND — Risk / Return Rank
JPIE
FBND
JPIE vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.76 | ||
| Omega ratioGain probability vs. loss probability | 1.84 | 1.25 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 5.14 | 2.01 | +3.13 |
| Martin ratioReturn relative to average drawdown | 25.46 | 5.97 | +19.49 |
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
| JPIE | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.72 | 1.41 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.12 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.44 | +0.53 |
Drawdowns
JPIE vs. FBND - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for JPIE and FBND.
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Drawdown Indicators
| JPIE | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.96% | -17.25% | +7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | -2.66% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -5.94% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -0.26% | -1.82% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -3.35% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.90% | -0.67% |
Volatility
JPIE vs. FBND - Volatility Comparison
The current volatility for JPMorgan Income ETF (JPIE) is 0.61%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.23%. This indicates that JPIE experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPIE | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.23% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 1.29% | 2.75% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 3.80% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 5.92% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 6.10% | -2.58% |
JPIE vs. FBND - Expense Ratio Comparison
JPIE has a 0.40% expense ratio, which is higher than FBND's 0.36% expense ratio.
Dividends
JPIE vs. FBND - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 5.63%, more than FBND's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
JPIE JPMorgan Income ETF | 5.63% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPIE and FBND have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBND has higher volatility (1.23%) compared to JPIE (0.61%). In terms of maximum drawdown, JPIE dropped -9.96% vs FBND's -17.25%.
On 3-year performance, JPIE leads with 6.49% vs 4.60% for FBND. On fees, FBND is cheaper at 0.36% per year. On volatility, JPIE has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JPIE has performed better with a 6.49% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FBND is cheaper with a 0.36% expense ratio, compared with 0.40% for JPIE.
JPIE has the higher dividend yield at 5.63%, compared with 4.72% for FBND.
JPIE is categorized as Multisector Bonds, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: JPMorgan and Fidelity. Their fees differ too: 0.40% for JPIE and 0.36% for FBND.
JPIE currently has the higher Sharpe Ratio (3.72 vs 1.41), 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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