JPMB vs. JPM

Last updated Jun 24, 2026

JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) is Emerging Markets Bonds fund tracking the J.P. Morgan Emerging Markets Risk-Aware Bond Index, while JPM (JPMorgan Chase & Co.) is a stock. Over the past 5 years, JPMB returned 1.42%/yr vs 19.98%/yr for JPM. At a 0.22 correlation, their price movements are largely independent.

Performance

JPMB vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPMB achieves a 1.95% return, which is significantly lower than JPM's 4.70% return.

JPMB

• 1D: -0.11%
• 1M: 1.76%
• YTD: 1.95%
• 6M: 1.93%
• 1Y: 10.60%
• 3Y*: 7.78%
• 5Y*: 1.42%
• 10Y*: —

JPM

• 1D: 0.80%
• 1M: 9.06%
• YTD: 4.70%
• 6M: 3.51%
• 1Y: 22.41%
• 3Y*: 37.10%
• 5Y*: 19.98%
• 10Y*: 22.02%

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

JPMB vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF	1.95%	13.73%	1.46%	9.48%	-16.05%	-2.26%	5.36%	17.71%	-4.74%
JPM JPMorgan Chase & Co.	4.70%	37.27%	44.29%	30.63%	-12.64%	27.75%	-5.53%	47.26%	-13.70%

Correlation

The correlation between JPMB and JPM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 31, 2018	0.22

Return for Risk

JPMB vs. JPM — Risk / Return Rank

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

JPMB

JPMB Risk / Return Rank: 62
JPMB Sharpe Ratio Rank: 64
JPMB Sortino Ratio Rank: 68
JPMB Omega Ratio Rank: 68
JPMB Calmar Ratio Rank: 50
JPMB Martin Ratio Rank: 59

JPM

JPM Risk / Return Rank: 68
JPM Sharpe Ratio Rank: 73
JPM Sortino Ratio Rank: 65
JPM Omega Ratio Rank: 65
JPM Calmar Ratio Rank: 69
JPM Martin Ratio Rank: 70

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. JPM - 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 Chase & Co. (JPM). 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	JPM	Difference
Sharpe ratio: Return per unit of total volatility	1.96	1.02	+0.94
Sortino ratio: Return per unit of downside risk	2.89	1.45	+1.44
Omega ratio: Gain probability vs. loss probability	1.38	1.19	+0.19
Calmar ratio: Return relative to maximum drawdown	2.31	1.46	+0.86
Martin ratio: Return relative to average drawdown	9.81	3.43	+6.37

JPMB vs. JPM - Sharpe Ratio Comparison

The current JPMB Sharpe Ratio is 1.96, which is higher than the JPM Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of JPMB and JPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPMB vs. JPM - Drawdown Comparison

The maximum JPMB drawdown since its inception was -26.33%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for JPMB and JPM.

Drawdown Indicators

	JPMB	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-26.33%	-76.16%	+49.83%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-15.47%	+10.86%
Max Drawdown (3Y) Largest decline over 3 years	-7.53%	-24.42%	+16.89%
Max Drawdown (5Y) Largest decline over 5 years	-26.16%	-38.77%	+12.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.63%	—
Current Drawdown Current decline from peak	-0.53%	0.00%	-0.53%
Average Drawdown Average peak-to-trough decline	-7.02%	-17.61%	+10.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	6.55%	-5.47%

Volatility

JPMB vs. JPM - Volatility Comparison

The current volatility for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is 1.79%, while JPMorgan Chase & Co. (JPM) has a volatility of 7.34%. This indicates that JPMB experiences smaller price fluctuations and is considered to be less risky than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPMB	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.79%	7.34%	-5.55%
Volatility (6M) Calculated over the trailing 6-month period	4.53%	17.14%	-12.61%
Volatility (1Y) Calculated over the trailing 1-year period	5.43%	22.12%	-16.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.94%	24.47%	-15.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.63%	27.35%	-17.72%

Dividends

JPMB vs. JPM - Dividend Comparison

JPMB's dividend yield for the trailing twelve months is around 5.78%, more than JPM's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPM JPMorgan Chase & Co.	1.77%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%
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%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPMB and JPM in my portfolio?

JPMB and JPM have a correlation of 0.27, 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 JPM?

JPM has higher volatility (7.34%) compared to JPMB (1.79%). In terms of maximum drawdown, JPMB dropped -26.33% vs JPM's -76.16%.

Which has better risk-adjusted returns?

JPMB currently has the higher Sharpe Ratio (1.96 vs 1.02), 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.