JPMB vs. VOO
JPMB (JPMorgan USD Emerging Markets Sovereign Bond ETF) and VOO (Vanguard S&P 500 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, JPMB returned 1.42%/yr vs 13.13%/yr for VOO. At a 0.46 correlation, their price movements are largely independent. JPMB charges 0.39%/yr vs 0.03%/yr for VOO.
Performance
JPMB vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, JPMB achieves a 1.95% return, which is significantly lower than VOO's 8.19% return.
JPMB
- 1D
- -0.11%
- 1M
- 1.76%
- YTD
- 1.95%
- 6M
- 1.93%
- 1Y
- 10.60%
- 3Y*
- 7.78%
- 5Y*
- 1.42%
- 10Y*
- —
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
JPMB vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -9.47% |
Correlation
The correlation between JPMB and VOO is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2018 | 0.46 |
The correlation between JPMB and VOO shifts across timeframes, from 0.46 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPMB vs. VOO — Risk / Return Rank
JPMB
VOO
JPMB vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.67 | -0.36 |
| Martin ratioReturn relative to average drawdown | 9.81 | 11.96 | -2.15 |
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Drawdowns
JPMB vs. VOO - Drawdown Comparison
The maximum JPMB drawdown since its inception was -26.33%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for JPMB and VOO.
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Drawdown Indicators
| JPMB | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.33% | -33.99% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -8.90% | +4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -7.53% | -18.69% | +11.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.16% | -24.52% | -1.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -0.53% | -3.14% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -3.68% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 1.99% | -0.91% |
Volatility
JPMB vs. VOO - Volatility Comparison
The current volatility for JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is 1.79%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that JPMB experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPMB | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 4.83% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 9.82% | -5.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 12.46% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 16.91% | -7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 18.02% | -8.39% |
JPMB vs. VOO - Expense Ratio Comparison
JPMB has a 0.39% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
JPMB vs. VOO - Dividend Comparison
JPMB's dividend yield for the trailing twelve months is around 5.78%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
JPMB and VOO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.83%) compared to JPMB (1.79%). In terms of maximum drawdown, JPMB dropped -26.33% vs VOO's -33.99%.
On 5-year performance, VOO leads with 13.13% vs 1.42% for JPMB. On fees, VOO is cheaper at 0.03% per year. On volatility, JPMB has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VOO has performed better with a 13.13% return vs 1.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.39% for JPMB.
JPMB has the higher dividend yield at 5.78%, compared with 1.05% for VOO.
JPMB is categorized as Emerging Markets Bonds, while VOO is S&P 500. JPMB tracks J.P. Morgan Emerging Markets Risk-Aware Bond Index, while VOO tracks S&P 500 Index. They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.39% for JPMB and 0.03% for VOO.
JPMB currently has the higher Sharpe Ratio (1.96 vs 1.91), 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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