JPMB vs. USIG

Last updated Jun 3, 2026

JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate 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 USIG is a Corporate Bonds fund tracking the ICE BofA US Corporate. Both are passively managed. Over the past 5 years, JPMB returned 1.63%/yr vs 0.87%/yr for USIG. A 0.66 correlation means they provide meaningful diversification when combined. JPMB charges 0.39%/yr vs 0.04%/yr for USIG.

Performance

JPMB vs. USIG - 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 Broad USD Investment Grade Corporate Bond ETF (USIG). 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 higher than USIG's 0.79% return.

JPMB

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

USIG

• 1D: 0.02%
• 1M: 0.54%
• YTD: 0.79%
• 6M: 0.82%
• 1Y: 6.31%
• 3Y*: 5.55%
• 5Y*: 0.87%
• 10Y*: 2.65%

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

JPMB vs. USIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JPMB JPMorgan USD Emerging Markets Sovereign Bond ETF	1.98%	13.73%	1.46%	9.48%	-16.05%	-2.26%	5.36%	17.71%	-4.72%
USIG iShares Broad USD Investment Grade Corporate Bond ETF	0.79%	7.86%	2.56%	8.71%	-15.30%	-1.34%	9.44%	13.99%	-1.29%

Correlation

The correlation between JPMB and USIG is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Feb 1, 2018	0.66

The correlation between JPMB and USIG shifts across timeframes, from 0.66 (all time) to 0.85 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

JPMB vs. USIG — 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

USIG

USIG Risk / Return Rank: 43
USIG Sharpe Ratio Rank: 43
USIG Sortino Ratio Rank: 45
USIG Omega Ratio Rank: 42
USIG Calmar Ratio Rank: 44
USIG Martin Ratio Rank: 43

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. USIG - 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 Broad USD Investment Grade Corporate Bond ETF (USIG). 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	USIG	Difference
Sharpe ratio Return per unit of total volatility	2.32	1.54	+0.78
Sortino ratio Return per unit of downside risk	3.40	2.26	+1.14
Omega ratio Gain probability vs. loss probability	1.46	1.27	+0.19
Calmar ratio Return relative to maximum drawdown	2.61	2.18	+0.42
Martin ratio Return relative to average drawdown	11.13	7.14	+4.00
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. USIG - Sharpe Ratio Comparison

The current JPMB Sharpe Ratio is 2.32, which is higher than the USIG Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of JPMB and USIG, 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	USIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	1.54	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.13	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.54	-0.26

Drawdowns

JPMB vs. USIG - Drawdown Comparison

The maximum JPMB drawdown since its inception was -26.33%, which is greater than USIG's maximum drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for JPMB and USIG.

Drawdown Indicators

	JPMB	USIG	Difference
Max Drawdown Largest peak-to-trough decline	-26.33%	-22.21%	-4.12%
Max Drawdown (1Y) Largest decline over 1 year	-4.61%	-2.79%	-1.82%
Max Drawdown (3Y) Largest decline over 3 years	-7.53%	-6.10%	-1.43%
Max Drawdown (5Y) Largest decline over 5 years	-26.16%	-21.45%	-4.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.45%	—
Current Drawdown Current decline from peak	0.00%	-0.73%	+0.73%
Average Drawdown Average peak-to-trough decline	-7.07%	-3.42%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	0.85%	+0.23%

Volatility

JPMB vs. USIG - Volatility Comparison

JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) has a higher volatility of 1.97% compared to iShares Broad USD Investment Grade Corporate Bond ETF (USIG) at 1.27%. This indicates that JPMB's price experiences larger fluctuations and is considered to be riskier than USIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPMB	USIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	1.27%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	4.36%	3.06%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	5.28%	4.13%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.94%	6.83%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.65%	6.83%	+2.82%

JPMB vs. USIG - Expense Ratio Comparison

JPMB has a 0.39% expense ratio, which is higher than USIG's 0.04% expense ratio.

Dividends

JPMB vs. USIG - Dividend Comparison

JPMB's dividend yield for the trailing twelve months is around 5.77%, more than USIG's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
USIG iShares Broad USD Investment Grade Corporate Bond ETF	4.73%	4.62%	4.51%	3.94%	3.14%	2.33%	2.82%	3.37%	3.44%	3.03%	2.87%	3.24%

Frequently Asked Questions

Can I hold both JPMB and USIG in my portfolio?

JPMB and USIG have a correlation of 0.82, 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 USIG?

JPMB has higher volatility (1.97%) compared to USIG (1.27%). In terms of maximum drawdown, JPMB dropped -26.33% vs USIG's -22.21%.

Which ETF is better, JPMB or USIG?

On 5-year performance, JPMB leads with 1.63% vs 0.87% for USIG. On fees, USIG is cheaper at 0.04% per year. On volatility, USIG has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPMB or USIG?

Over the 5-year period, JPMB has performed better with a 1.63% return vs 0.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPMB or USIG?

USIG is cheaper with a 0.04% expense ratio, compared with 0.39% for JPMB.

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

JPMB has the higher dividend yield at 5.77%, compared with 4.73% for USIG.

What is the main difference between JPMB and USIG?

JPMB is categorized as Emerging Markets Bonds, while USIG is Corporate Bonds. JPMB tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while USIG tracks ICE BofA US Corporate. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.39% for JPMB and 0.04% for USIG.

Which has better risk-adjusted returns?

JPMB currently has the higher Sharpe Ratio (2.32 vs 1.54), 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.