JPIE vs. VGMS
JPIE (JPMorgan Income ETF) and VGMS (Vanguard Multi-Sector Income Bond ETF) are both Multisector Bonds funds. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined. JPIE charges 0.41%/yr vs 0.30%/yr for VGMS.
Performance
JPIE vs. VGMS - Performance Comparison
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Returns By Period
In the year-to-date period, JPIE achieves a 1.43% return, which is significantly higher than VGMS's 1.06% return.
JPIE
- 1D
- -0.13%
- 1M
- 0.37%
- YTD
- 1.43%
- 6M
- 1.83%
- 1Y
- 5.90%
- 3Y*
- 6.43%
- 5Y*
- —
- 10Y*
- —
VGMS
- 1D
- -0.36%
- 1M
- 0.29%
- YTD
- 1.06%
- 6M
- 1.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPIE vs. VGMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JPIE JPMorgan Income ETF | 1.43% | 4.27% |
VGMS Vanguard Multi-Sector Income Bond ETF | 1.06% | 5.44% |
Correlation
The correlation between JPIE and VGMS is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | 0.78 |
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Return for Risk
JPIE vs. VGMS — Risk / Return Rank
JPIE
VGMS
JPIE vs. VGMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income ETF (JPIE) and Vanguard Multi-Sector Income Bond ETF (VGMS). 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.
| JPIE | VGMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.84 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.16 | — | — |
| Martin ratioReturn relative to average drawdown | 25.53 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPIE | VGMS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 2.11 | -1.13 |
Drawdowns
JPIE vs. VGMS - Drawdown Comparison
The maximum JPIE drawdown since its inception was -9.96%, which is greater than VGMS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for JPIE and VGMS.
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Drawdown Indicators
| JPIE | VGMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.96% | -2.46% | -7.50% |
Max Drawdown (1Y)Largest decline over 1 year | -1.15% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.39% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -0.31% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | — | — |
Volatility
JPIE vs. VGMS - Volatility Comparison
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Volatility by Period
| JPIE | VGMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.59% | 3.21% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 3.21% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 3.21% | +0.31% |
JPIE vs. VGMS - Expense Ratio Comparison
JPIE has a 0.41% expense ratio, which is higher than VGMS's 0.30% expense ratio.
Dividends
JPIE vs. VGMS - Dividend Comparison
JPIE's dividend yield for the trailing twelve months is around 5.62%, more than VGMS's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 5.62% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% |
VGMS Vanguard Multi-Sector Income Bond ETF | 5.16% | 2.94% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPIE and VGMS have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGMS is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGMS is cheaper with a 0.30% expense ratio, compared with 0.41% for JPIE.
JPIE has the higher dividend yield at 5.62%, compared with 5.16% for VGMS.
They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.41% for JPIE and 0.30% for VGMS.
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