JPIE vs. SGOV
Compare and contrast key facts about JPMorgan Income ETF (JPIE) and iShares 0-3 Month Treasury Bond ETF (SGOV).
JPIE and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPIE or SGOV.
Key characteristics
| JPIE | SGOV | |
|---|---|---|
| YTD Return | 5.50% | 4.61% |
| 1Y Return | 10.07% | 5.38% |
| 3Y Return (Ann) | 2.04% | 3.78% |
| Sharpe Ratio | 3.69 | 21.83 |
| Sortino Ratio | 6.17 | 526.74 |
| Omega Ratio | 1.87 | 527.74 |
| Calmar Ratio | 2.73 | 540.70 |
| Martin Ratio | 27.43 | 8,583.38 |
| Ulcer Index | 0.37% | 0.00% |
| Daily Std Dev | 2.75% | 0.25% |
| Max Drawdown | -9.96% | -0.03% |
| Current Drawdown | -0.67% | -0.01% |
Correlation
The correlation between JPIE and SGOV is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JPIE vs. SGOV - Performance Comparison
In the year-to-date period, JPIE achieves a 5.50% return, which is significantly higher than SGOV's 4.61% 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. SGOV - Expense Ratio Comparison
JPIE has a 0.41% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
JPIE vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 6.19%, more than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 6.19% | 5.70% | 4.49% | 0.63% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% |
Drawdowns
JPIE vs. SGOV - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for JPIE and SGOV. For additional features, visit the drawdowns tool.
Volatility
JPIE vs. SGOV - Volatility Comparison
JPMorgan Income ETF (JPIE) has a higher volatility of 0.46% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that JPIE's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.