JPIE vs. JBND
Compare and contrast key facts about JPMorgan Income ETF (JPIE) and Jpmorgan Active Bond ETF (JBND).
JPIE and JBND 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. JBND is an actively managed fund by JPMorgan. It was launched on Oct 11, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPIE or JBND.
Key characteristics
| JPIE | JBND | |
|---|---|---|
| YTD Return | 5.50% | 3.88% |
| 1Y Return | 10.07% | 10.58% |
| Sharpe Ratio | 3.69 | 1.99 |
| Sortino Ratio | 6.17 | 2.96 |
| Omega Ratio | 1.87 | 1.37 |
| Calmar Ratio | 2.73 | 2.91 |
| Martin Ratio | 27.43 | 7.29 |
| Ulcer Index | 0.37% | 1.45% |
| Daily Std Dev | 2.75% | 5.35% |
| Max Drawdown | -9.96% | -3.65% |
| Current Drawdown | -0.67% | -2.90% |
Correlation
The correlation between JPIE and JBND is 0.71, 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. JBND - Performance Comparison
In the year-to-date period, JPIE achieves a 5.50% return, which is significantly higher than JBND's 3.88% return. 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. JBND - Expense Ratio Comparison
JPIE has a 0.41% expense ratio, which is higher than JBND's 0.30% expense ratio.
Risk-Adjusted Performance
JPIE vs. JBND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and Jpmorgan Active Bond ETF (JBND). 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. JBND - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 6.19%, more than JBND's 4.56% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
JPIE JPMorgan Income ETF | 6.19% | 5.70% | 4.49% | 0.63% |
JBND Jpmorgan Active Bond ETF | 4.56% | 1.00% | 0.00% | 0.00% |
Drawdowns
JPIE vs. JBND - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, which is greater than JBND's maximum drawdown of -3.65%. Use the drawdown chart below to compare losses from any high point for JPIE and JBND. For additional features, visit the drawdowns tool.
Volatility
JPIE vs. JBND - Volatility Comparison
The current volatility for JPMorgan Income ETF (JPIE) is 0.46%, while Jpmorgan Active Bond ETF (JBND) has a volatility of 1.51%. This indicates that JPIE experiences smaller price fluctuations and is considered to be less risky than JBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.