JPIE vs. JCPB
Compare and contrast key facts about JPMorgan Income ETF (JPIE) and JPMorgan Core Plus Bond ETF (JCPB).
JPIE and JCPB 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. JCPB is an actively managed fund by JPMorgan Chase. It was launched on Jan 28, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPIE or JCPB.
Key characteristics
| JPIE | JCPB | |
|---|---|---|
| YTD Return | 5.55% | 3.83% |
| 1Y Return | 10.18% | 10.85% |
| 3Y Return (Ann) | 2.01% | -1.18% |
| Sharpe Ratio | 3.63 | 1.74 |
| Sortino Ratio | 6.05 | 2.59 |
| Omega Ratio | 1.85 | 1.31 |
| Calmar Ratio | 2.65 | 0.75 |
| Martin Ratio | 27.20 | 7.06 |
| Ulcer Index | 0.37% | 1.42% |
| Daily Std Dev | 2.75% | 5.76% |
| Max Drawdown | -9.96% | -16.67% |
| Current Drawdown | -0.63% | -3.80% |
Correlation
The correlation between JPIE and JCPB is 0.73, 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. JCPB - Performance Comparison
In the year-to-date period, JPIE achieves a 5.55% return, which is significantly higher than JCPB's 3.83% 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. JCPB - Expense Ratio Comparison
JPIE has a 0.41% expense ratio, which is higher than JCPB's 0.40% expense ratio.
Risk-Adjusted Performance
JPIE vs. JCPB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and JPMorgan Core Plus Bond ETF (JCPB). 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. JCPB - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 6.19%, more than JCPB's 5.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 6.19% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% |
JCPB JPMorgan Core Plus Bond ETF | 5.01% | 4.32% | 3.00% | 2.19% | 2.97% | 3.23% |
Drawdowns
JPIE vs. JCPB - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, smaller than the maximum JCPB drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for JPIE and JCPB. For additional features, visit the drawdowns tool.
Volatility
JPIE vs. JCPB - Volatility Comparison
The current volatility for JPMorgan Income ETF (JPIE) is 0.46%, while JPMorgan Core Plus Bond ETF (JCPB) has a volatility of 1.55%. This indicates that JPIE experiences smaller price fluctuations and is considered to be less risky than JCPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.