JPMB vs. ITDE

Last updated Jun 3, 2026

JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) and ITDE (Ishares Lifepath Target Date 2045 ETF) are both exchange-traded funds - JPMB is a Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index, while ITDE is a Target Retirement Date fund actively managed by iShares. JPMB is passively managed, while ITDE is actively managed. Over the past year, JPMB returned 12.18% vs 26.37% for ITDE. A 0.61 correlation means they provide meaningful diversification when combined. JPMB charges 0.39%/yr vs 0.11%/yr for ITDE.

Performance

JPMB vs. ITDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and Ishares Lifepath Target Date 2045 ETF (ITDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPMB achieves a 1.98% return, which is significantly lower than ITDE's 11.20% return.

JPMB

• 1D: 0.33%
• 1M: 1.07%
• YTD: 1.98%
• 6M: 2.23%
• 1Y: 12.18%
• 3Y*: 8.07%
• 5Y*: 1.63%
• 10Y*: —

ITDE

• 1D: 0.35%
• 1M: 4.16%
• YTD: 11.20%
• 6M: 12.36%
• 1Y: 26.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPMB vs. ITDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF	1.98%	13.73%	1.46%	12.85%
ITDE Ishares Lifepath Target Date 2045 ETF	11.20%	19.34%	14.62%	13.21%

Correlation

The correlation between JPMB and ITDE is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	0.61

The correlation between JPMB and ITDE has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.

JPMB vs. ITDE - Sectors Allocation Comparison

Sectors	JPMB	ITDE
Financial Services	1.4%	15.3%
Basic Materials	-	4.1%
Communication Services	-	7.8%
Consumer Cyclical	-	8.9%
Consumer Defensive	-	4.6%
Energy	-	4.3%
Healthcare	-	7.9%
Industrials	-	11.7%
Real Estate	-	6.7%
Technology	-	25.8%
Utilities	-	2.9%

Return for Risk

JPMB vs. ITDE — Risk / Return Rank

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

JPMB

JPMB Risk / Return Rank: 66
JPMB Sharpe Ratio Rank: 70
JPMB Sortino Ratio Rank: 74
JPMB Omega Ratio Rank: 76
JPMB Calmar Ratio Rank: 52
JPMB Martin Ratio Rank: 61

ITDE

ITDE Risk / Return Rank: 71
ITDE Sharpe Ratio Rank: 73
ITDE Sortino Ratio Rank: 74
ITDE Omega Ratio Rank: 73
ITDE Calmar Ratio Rank: 63
ITDE Martin Ratio Rank: 73

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.

JPMB vs. ITDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and Ishares Lifepath Target Date 2045 ETF (ITDE). 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.

	JPMB	ITDE	Difference
Sharpe ratio Return per unit of total volatility	2.32	2.42	-0.10
Sortino ratio Return per unit of downside risk	3.40	3.39	0.00
Omega ratio Gain probability vs. loss probability	1.46	1.44	+0.01
Calmar ratio Return relative to maximum drawdown	2.61	3.17	-0.57
Martin ratio Return relative to average drawdown	11.13	13.97	-2.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPMB vs. ITDE - Sharpe Ratio Comparison

The current JPMB Sharpe Ratio is 2.32, which is comparable to the ITDE Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of JPMB and ITDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPMB	ITDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.42	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	1.80	-1.52

Drawdowns

JPMB vs. ITDE - Drawdown Comparison

The maximum JPMB drawdown since its inception was -26.33%, which is greater than ITDE's maximum drawdown of -14.67%. Use the drawdown chart below to compare losses from any high point for JPMB and ITDE.

Drawdown Indicators

	JPMB	ITDE	Difference
Max Drawdown Largest peak-to-trough decline	-26.33%	-14.67%	-11.66%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-8.44%	+3.83%
Max Drawdown (3Y) Largest decline over 3 years	-7.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.16%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.07%	-1.42%	-5.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	1.92%	-0.84%

Volatility

JPMB vs. ITDE - Volatility Comparison

The current volatility for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is 1.97%, while Ishares Lifepath Target Date 2045 ETF (ITDE) has a volatility of 3.44%. This indicates that JPMB experiences smaller price fluctuations and is considered to be less risky than ITDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPMB	ITDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	3.44%	-1.47%
Volatility (6M) Calculated over the trailing 6-month period	4.36%	8.81%	-4.45%
Volatility (1Y) Calculated over the trailing 1-year period	5.28%	10.95%	-5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.94%	12.90%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.65%	12.90%	-3.25%

JPMB vs. ITDE - Expense Ratio Comparison

JPMB has a 0.39% expense ratio, which is higher than ITDE's 0.11% expense ratio.

Dividends

JPMB vs. ITDE - Dividend Comparison

JPMB's dividend yield for the trailing twelve months is around 5.77%, more than ITDE's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ITDE Ishares Lifepath Target Date 2045 ETF	1.67%	1.86%	1.64%	0.87%	0.00%	0.00%	0.00%	0.00%	0.00%
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF	5.77%	6.71%	6.32%	5.99%	4.94%	4.29%	4.29%	4.51%	4.58%

Frequently Asked Questions

Can I hold both JPMB and ITDE in my portfolio?

JPMB and ITDE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPMB or ITDE?

ITDE has higher volatility (3.44%) compared to JPMB (1.97%). In terms of maximum drawdown, JPMB dropped -26.33% vs ITDE's -14.67%.

Which ETF is better, JPMB or ITDE?

On 1-year performance, ITDE leads with 26.37% vs 12.18% for JPMB. On fees, ITDE is cheaper at 0.11% per year. On volatility, JPMB has been the lower-risk option at 1.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPMB or ITDE?

Over the 1-year period, ITDE has performed better with a 26.37% return vs 12.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPMB or ITDE?

ITDE is cheaper with a 0.11% expense ratio, compared with 0.39% for JPMB.

Which ETF pays a higher dividend yield, JPMB or ITDE?

JPMB has the higher dividend yield at 5.77%, compared with 1.67% for ITDE.

What is the main difference between JPMB and ITDE?

JPMB is categorized as Emerging Markets Bonds, while ITDE is Target Retirement Date. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JPMB and 0.11% for ITDE.

Which has better risk-adjusted returns?

ITDE currently has the higher Sharpe Ratio (2.42 vs 2.32), 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.