JPIE vs. RIET

Last updated Jun 20, 2026

JPIE (JPMorgan Income ETF) and RIET (Hoya Capital High Dividend Yield ETF) are both exchange-traded funds - JPIE is a Multisector Bonds fund actively managed by JPMorgan, while RIET is a REIT fund tracking the Hoya Capital High Dividend Yield Index. JPIE is actively managed, while RIET is passively managed. Over the past 3 years, JPIE returned 6.52%/yr vs 7.55%/yr for RIET. At a 0.46 correlation, their price movements are largely independent. JPIE charges 0.40%/yr vs 0.50%/yr for RIET.

Performance

JPIE vs. RIET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income ETF (JPIE) and Hoya Capital High Dividend Yield ETF (RIET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPIE achieves a 1.54% return, which is significantly lower than RIET's 7.58% return.

JPIE

• 1D: 0.00%
• 1M: 0.57%
• YTD: 1.54%
• 6M: 1.70%
• 1Y: 5.71%
• 3Y*: 6.52%
• 5Y*: —
• 10Y*: —

RIET

• 1D: 0.45%
• 1M: 0.82%
• YTD: 7.58%
• 6M: 7.08%
• 1Y: 11.87%
• 3Y*: 7.55%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPIE vs. RIET - 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%
RIET Hoya Capital High Dividend Yield ETF	7.58%	2.43%	1.18%	13.04%	-25.29%	1.17%

Correlation

The correlation between JPIE and RIET is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021	0.46

The correlation between JPIE and RIET has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

Return for Risk

JPIE vs. RIET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPIE

JPIE Risk / Return Rank: 94
JPIE Sharpe Ratio Rank: 95
JPIE Sortino Ratio Rank: 96
JPIE Omega Ratio Rank: 96
JPIE Calmar Ratio Rank: 89
JPIE Martin Ratio Rank: 94

RIET

RIET Risk / Return Rank: 26
RIET Sharpe Ratio Rank: 26
RIET Sortino Ratio Rank: 25
RIET Omega Ratio Rank: 23
RIET Calmar Ratio Rank: 28
RIET Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPIE vs. RIET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and Hoya Capital High Dividend Yield ETF (RIET). 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	RIET	Difference
Sharpe ratio: Return per unit of total volatility	3.54	0.90	+2.64
Sortino ratio: Return per unit of downside risk	5.50	1.32	+4.18
Omega ratio: Gain probability vs. loss probability	1.80	1.15	+0.65
Calmar ratio: Return relative to maximum drawdown	5.00	1.36	+3.64
Martin ratio: Return relative to average drawdown	24.56	3.54	+21.02

JPIE vs. RIET - Sharpe Ratio Comparison

The current JPIE Sharpe Ratio is 3.54, which is higher than the RIET Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of JPIE and RIET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPIE vs. RIET - Drawdown Comparison

The maximum JPIE drawdown since its inception was -9.96%, smaller than the maximum RIET drawdown of -34.61%. Use the drawdown chart below to compare losses from any high point for JPIE and RIET.

Drawdown Indicators

	JPIE	RIET	Difference
Max Drawdown Largest peak-to-trough decline	-9.96%	-34.61%	+24.65%
Max Drawdown (1Y) Largest decline over 1 year	-1.15%	-8.76%	+7.61%
Max Drawdown (3Y) Largest decline over 3 years	-2.40%	-18.38%	+15.98%
Current Drawdown Current decline from peak	-0.28%	-7.27%	+6.99%
Average Drawdown Average peak-to-trough decline	-2.08%	-16.32%	+14.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	3.36%	-3.13%

Volatility

JPIE vs. RIET - Volatility Comparison

The current volatility for JPMorgan Income ETF (JPIE) is 0.62%, while Hoya Capital High Dividend Yield ETF (RIET) has a volatility of 3.98%. This indicates that JPIE experiences smaller price fluctuations and is considered to be less risky than RIET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPIE	RIET	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	3.98%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	1.34%	9.46%	-8.12%
Volatility (1Y) Calculated over the trailing 1-year period	1.62%	13.30%	-11.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.51%	18.96%	-15.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.51%	18.96%	-15.45%

JPIE vs. RIET - Expense Ratio Comparison

JPIE has a 0.40% expense ratio, which is lower than RIET's 0.50% expense ratio.

Dividends

JPIE vs. RIET - Dividend Comparison

JPIE's dividend yield for the trailing twelve months is around 5.61%, less than RIET's 10.83% yield.

Position	TTM	2025	2024	2023	2022	2021
JPIE JPMorgan Income ETF	5.61%	5.65%	6.11%	5.70%	4.49%	0.63%
RIET Hoya Capital High Dividend Yield ETF	10.83%	11.04%	10.17%	9.33%	9.33%	1.99%

Frequently Asked Questions

Can I hold both JPIE and RIET in my portfolio?

JPIE and RIET have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPIE or RIET?

RIET has higher volatility (3.98%) compared to JPIE (0.62%). In terms of maximum drawdown, JPIE dropped -9.96% vs RIET's -34.61%.

Which ETF is better, JPIE or RIET?

On 3-year performance, RIET leads with 7.55% vs 6.52% for JPIE. On fees, JPIE is cheaper at 0.40% per year. On volatility, JPIE has been the lower-risk option at 0.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPIE or RIET?

Over the 3-year period, RIET has performed better with a 7.55% return vs 6.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPIE or RIET?

JPIE is cheaper with a 0.40% expense ratio, compared with 0.50% for RIET.

Which ETF pays a higher dividend yield, JPIE or RIET?

RIET has the higher dividend yield at 10.83%, compared with 5.61% for JPIE.

What is the main difference between JPIE and RIET?

JPIE is categorized as Multisector Bonds, while RIET is REIT. They also come from different issuers: JPMorgan and Pettee Investors. Their fees differ too: 0.40% for JPIE and 0.50% for RIET.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.54 vs 0.90), 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.