JPIE vs. MO
JPIE (JPMorgan Income ETF) is Multisector Bonds fund actively managed by JPMorgan, while MO (Altria Group, Inc.) is a stock. Over the past 3 years, JPIE returned 6.52%/yr vs 25.38%/yr for MO. At a 0.10 correlation, their price movements are largely independent.
Performance
JPIE vs. MO - Performance Comparison
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Returns By Period
In the year-to-date period, JPIE achieves a 1.54% return, which is significantly lower than MO's 23.71% return.
JPIE
- 1D
- 0.00%
- 1M
- 0.57%
- YTD
- 1.54%
- 6M
- 1.70%
- 1Y
- 5.71%
- 3Y*
- 6.52%
- 5Y*
- —
- 10Y*
- —
MO
- 1D
- 0.25%
- 1M
- -4.33%
- YTD
- 23.71%
- 6M
- 25.08%
- 1Y
- 24.07%
- 3Y*
- 25.38%
- 5Y*
- 17.04%
- 10Y*
- 7.57%
JPIE vs. MO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 1.54% | 7.39% | 6.32% | 7.07% | -6.13% | 0.27% |
MO Altria Group, Inc. | 23.71% | 18.17% | 40.76% | -3.70% | 4.37% | 9.65% |
Correlation
The correlation between JPIE and MO is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.10 |
The correlation between JPIE and MO shifts across timeframes, from -0.11 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JPIE vs. MO — Risk / Return Rank
JPIE
MO
JPIE vs. MO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and Altria Group, Inc. (MO). 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 | MO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.48 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.21 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 5.00 | 1.47 | +3.53 |
| Martin ratioReturn relative to average drawdown | 24.56 | 3.69 | +20.87 |
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Drawdowns
JPIE vs. MO - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, smaller than the maximum MO drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for JPIE and MO.
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Drawdown Indicators
| JPIE | MO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.96% | -65.43% | +55.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | -16.40% | +15.25% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -16.40% | +14.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -53.69% | — |
Current DrawdownCurrent decline from peak | -0.28% | -5.90% | +5.62% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -11.92% | +9.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 6.54% | -6.31% |
Volatility
JPIE vs. MO - Volatility Comparison
The current volatility for JPMorgan Income ETF (JPIE) is 0.62%, while Altria Group, Inc. (MO) has a volatility of 6.93%. This indicates that JPIE experiences smaller price fluctuations and is considered to be less risky than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPIE | MO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 6.93% | -6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.34% | 17.83% | -16.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.62% | 22.76% | -21.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.51% | 20.69% | -17.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.51% | 22.99% | -19.48% |
Dividends
JPIE vs. MO - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 5.61%, less than MO's 6.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 5.61% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MO Altria Group, Inc. | 6.13% | 7.21% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% |
Frequently Asked Questions
JPIE and MO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MO has higher volatility (6.93%) compared to JPIE (0.62%). In terms of maximum drawdown, JPIE dropped -9.96% vs MO's -65.43%.
JPIE currently has the higher Sharpe Ratio (3.54 vs 1.06), 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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