JPMB vs. JPIE
Compare and contrast key facts about JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and JPMorgan Income ETF (JPIE).
JPMB and JPIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPMB or JPIE.
Key characteristics
| JPMB | JPIE | |
|---|---|---|
| YTD Return | 2.65% | 5.41% |
| 1Y Return | 10.44% | 9.17% |
| 3Y Return (Ann) | -1.82% | 2.07% |
| Sharpe Ratio | 1.41 | 3.43 |
| Sortino Ratio | 2.07 | 5.46 |
| Omega Ratio | 1.25 | 1.76 |
| Calmar Ratio | 0.60 | 2.98 |
| Martin Ratio | 5.95 | 23.64 |
| Ulcer Index | 1.68% | 0.38% |
| Daily Std Dev | 7.08% | 2.61% |
| Max Drawdown | -26.33% | -9.96% |
| Current Drawdown | -7.86% | -0.76% |
Correlation
The correlation between JPMB and JPIE is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JPMB vs. JPIE - Performance Comparison
In the year-to-date period, JPMB achieves a 2.65% return, which is significantly lower than JPIE's 5.41% 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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JPMB vs. JPIE - Expense Ratio Comparison
JPMB has a 0.39% expense ratio, which is lower than JPIE's 0.41% expense ratio.
Risk-Adjusted Performance
JPMB vs. JPIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and JPMorgan Income ETF (JPIE). 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
JPMB vs. JPIE - Dividend Comparison
JPMB's dividend yield for the trailing twelve months is around 6.19%, which matches JPIE's 6.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF | 6.19% | 5.99% | 4.94% | 4.29% | 4.28% | 4.51% | 4.58% |
JPIE JPMorgan Income ETF | 6.20% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% |
Drawdowns
JPMB vs. JPIE - Drawdown Comparison
The maximum JPMB drawdown since its inception was -26.33%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for JPMB and JPIE. For additional features, visit the drawdowns tool.
Volatility
JPMB vs. JPIE - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a higher volatility of 2.13% compared to JPMorgan Income ETF (JPIE) at 0.48%. This indicates that JPMB's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.