JPMB vs. JCPB
JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) and JCPB (JPMorgan Core Plus Bond 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 JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan. JPMB is passively managed, while JCPB is actively managed. Over the past 5 years, JPMB returned 1.42%/yr vs 1.10%/yr for JCPB. A 0.60 correlation means they provide meaningful diversification when combined. JPMB charges 0.39%/yr vs 0.38%/yr for JCPB.
Performance
JPMB vs. JCPB - Performance Comparison
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Returns By Period
In the year-to-date period, JPMB achieves a 1.95% return, which is significantly higher than JCPB's 0.88% return.
JPMB
- 1D
- -0.11%
- 1M
- 1.76%
- YTD
- 1.95%
- 6M
- 1.93%
- 1Y
- 10.60%
- 3Y*
- 7.78%
- 5Y*
- 1.42%
- 10Y*
- —
JCPB
- 1D
- 0.11%
- 1M
- 0.75%
- YTD
- 0.88%
- 6M
- 1.01%
- 1Y
- 5.28%
- 3Y*
- 5.17%
- 5Y*
- 1.10%
- 10Y*
- —
JPMB vs. JCPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 1.95% | 13.73% | 1.46% | 9.48% | -16.05% | -2.26% | 5.36% | 14.55% |
JCPB JPMorgan Core Plus Bond ETF | 0.88% | 7.98% | 2.96% | 7.13% | -12.90% | -0.51% | 9.19% | 7.76% |
Correlation
The correlation between JPMB and JCPB is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2019 | 0.60 |
The correlation between JPMB and JCPB shifts across timeframes, from 0.60 (all time) to 0.82 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPMB vs. JCPB — Risk / Return Rank
JPMB
JCPB
JPMB vs. JCPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and JPMorgan Core Plus Bond ETF (JCPB). 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.
| JPMB | JCPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.95 | +0.36 |
| Martin ratioReturn relative to average drawdown | 9.81 | 5.62 | +4.19 |
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Drawdowns
JPMB vs. JCPB - Drawdown Comparison
The maximum JPMB drawdown since its inception was -26.33%, which is greater than JCPB's maximum drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for JPMB and JCPB.
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Drawdown Indicators
| JPMB | JCPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.33% | -16.67% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -2.71% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -5.97% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.16% | -16.67% | -9.49% |
Current DrawdownCurrent decline from peak | -0.53% | -1.19% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -4.24% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.94% | +0.14% |
Volatility
JPMB vs. JCPB - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a higher volatility of 1.79% compared to JPMorgan Core Plus Bond ETF (JCPB) at 1.06%. This indicates that JPMB's price experiences larger fluctuations and is considered to be riskier than JCPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPMB | JCPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 1.06% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 2.82% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 3.73% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 5.39% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 5.04% | +4.59% |
JPMB vs. JCPB - Expense Ratio Comparison
JPMB has a 0.39% expense ratio, which is higher than JCPB's 0.38% expense ratio.
Dividends
JPMB vs. JCPB - Dividend Comparison
JPMB's dividend yield for the trailing twelve months is around 5.78%, more than JCPB's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JCPB JPMorgan Core Plus Bond ETF | 4.91% | 4.90% | 5.16% | 4.32% | 3.01% | 2.19% | 2.97% | 3.01% | 0.00% |
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 5.78% | 6.71% | 6.32% | 5.99% | 4.94% | 4.29% | 4.29% | 4.51% | 4.58% |
Frequently Asked Questions
JPMB and JCPB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPMB has higher volatility (1.79%) compared to JCPB (1.06%). In terms of maximum drawdown, JPMB dropped -26.33% vs JCPB's -16.67%.
On 5-year performance, JPMB leads with 1.42% vs 1.10% for JCPB. On fees, JCPB is cheaper at 0.38% per year. On volatility, JCPB has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JPMB has performed better with a 1.42% return vs 1.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JCPB is cheaper with a 0.38% expense ratio, compared with 0.39% for JPMB.
JPMB has the higher dividend yield at 5.78%, compared with 4.91% for JCPB.
JPMB is categorized as Emerging Markets Bonds, while JCPB is Intermediate Core-Plus Bond. Their fees differ too: 0.39% for JPMB and 0.38% for JCPB.
JPMB currently has the higher Sharpe Ratio (1.96 vs 1.43), 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.
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