Correlation
The correlation between JPMB and BAC is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
JPMB vs. BAC
Compare and contrast key facts about JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and Bank of America Corporation (BAC).
JPMB is a passively managed fund by JPMorgan Chase that tracks the performance of the J.P. Morgan Emerging Markets Risk-Aware Bond Index. It was launched on Jan 29, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPMB or BAC.
Performance
JPMB vs. BAC - Performance Comparison
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Key characteristics
JPMB:
0.86
BAC:
0.59
JPMB:
1.24
BAC:
0.88
JPMB:
1.16
BAC:
1.13
JPMB:
0.54
BAC:
0.55
JPMB:
2.65
BAC:
1.62
JPMB:
2.34%
BAC:
9.28%
JPMB:
7.30%
BAC:
29.00%
JPMB:
-26.33%
BAC:
-93.45%
JPMB:
-5.69%
BAC:
-6.98%
Returns By Period
In the year-to-date period, JPMB achieves a 3.55% return, which is significantly higher than BAC's 1.04% return.
JPMB
3.55%
1.41%
0.85%
6.23%
4.15%
1.36%
N/A
BAC
1.04%
10.66%
-6.01%
17.06%
8.73%
15.68%
12.55%
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Risk-Adjusted Performance
JPMB vs. BAC — Risk-Adjusted Performance Rank
JPMB
BAC
JPMB vs. BAC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and Bank of America Corporation (BAC). 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.
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Dividends
JPMB vs. BAC - Dividend Comparison
JPMB's dividend yield for the trailing twelve months is around 7.34%, more than BAC's 2.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 7.34% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% |
BAC Bank of America Corporation | 2.31% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% | 0.67% |
Drawdowns
JPMB vs. BAC - Drawdown Comparison
The maximum JPMB drawdown since its inception was -26.33%, smaller than the maximum BAC drawdown of -93.45%. Use the drawdown chart below to compare losses from any high point for JPMB and BAC.
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Volatility
JPMB vs. BAC - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is 1.70%, while Bank of America Corporation (BAC) has a volatility of 6.55%. This indicates that JPMB experiences smaller price fluctuations and is considered to be less risky than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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