JPUS vs. JPIE
JPUS (JPMorgan Diversified Return US Equity ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - JPUS is a Large Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Equity Index, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. JPUS is passively managed, while JPIE is actively managed. Over the past 3 years, JPUS returned 15.97%/yr vs 6.43%/yr for JPIE. At a 0.42 correlation, their price movements are largely independent. JPUS charges 0.18%/yr vs 0.41%/yr for JPIE.
Performance
JPUS vs. JPIE - Performance Comparison
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Returns By Period
In the year-to-date period, JPUS achieves a 11.55% return, which is significantly higher than JPIE's 1.43% return.
JPUS
- 1D
- 0.04%
- 1M
- 1.45%
- YTD
- 11.55%
- 6M
- 11.59%
- 1Y
- 20.73%
- 3Y*
- 15.97%
- 5Y*
- 9.40%
- 10Y*
- 11.49%
JPIE
- 1D
- -0.13%
- 1M
- 0.37%
- YTD
- 1.43%
- 6M
- 1.83%
- 1Y
- 5.90%
- 3Y*
- 6.43%
- 5Y*
- —
- 10Y*
- —
JPUS vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JPUS JPMorgan Diversified Return US Equity ETF | 11.55% | 11.18% | 13.48% | 10.98% | -8.47% | 4.13% |
JPIE JPMorgan Income ETF | 1.43% | 7.39% | 6.32% | 7.07% | -6.13% | 0.30% |
Correlation
The correlation between JPUS and JPIE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021 | 0.42 |
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Return for Risk
JPUS vs. JPIE — Risk / Return Rank
JPUS
JPIE
JPUS vs. JPIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Equity ETF (JPUS) 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.
| JPUS | JPIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.84 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 5.16 | -2.14 |
| Martin ratioReturn relative to average drawdown | 12.12 | 25.53 | -13.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPUS | JPIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 3.73 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.98 | -0.26 |
Drawdowns
JPUS vs. JPIE - Drawdown Comparison
The maximum JPUS drawdown since its inception was -38.69%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for JPUS and JPIE.
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Drawdown Indicators
| JPUS | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.69% | -9.96% | -28.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -1.15% | -5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -2.40% | -13.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.69% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.13% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -2.10% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.23% | +1.49% |
Volatility
JPUS vs. JPIE - Volatility Comparison
JPMorgan Diversified Return US Equity ETF (JPUS) has a higher volatility of 2.90% compared to JPMorgan Income ETF (JPIE) at 0.60%. This indicates that JPUS'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.
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Volatility by Period
| JPUS | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 0.60% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 1.28% | +6.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.41% | 1.59% | +8.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 3.52% | +10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 3.52% | +13.24% |
JPUS vs. JPIE - Expense Ratio Comparison
JPUS has a 0.18% expense ratio, which is lower than JPIE's 0.41% expense ratio.
Dividends
JPUS vs. JPIE - Dividend Comparison
JPUS's dividend yield for the trailing twelve months is around 2.04%, less than JPIE's 5.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 5.62% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPUS JPMorgan Diversified Return US Equity ETF | 2.04% | 2.27% | 2.12% | 2.26% | 2.35% | 1.67% | 1.94% | 2.09% | 2.16% | 1.25% | 0.77% | 0.48% |
Frequently Asked Questions
JPUS and JPIE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPUS has higher volatility (2.90%) compared to JPIE (0.60%). In terms of maximum drawdown, JPUS dropped -38.69% vs JPIE's -9.96%.
On 3-year performance, JPUS leads with 15.97% vs 6.43% for JPIE. On fees, JPUS is cheaper at 0.18% per year. On volatility, JPIE has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JPUS has performed better with a 15.97% return vs 6.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPUS is cheaper with a 0.18% expense ratio, compared with 0.41% for JPIE.
JPIE has the higher dividend yield at 5.62%, compared with 2.04% for JPUS.
JPUS is categorized as Large Cap Blend Equities, while JPIE is Multisector Bonds. Their fees differ too: 0.18% for JPUS and 0.41% for JPIE.
JPIE currently has the higher Sharpe Ratio (3.73 vs 2.00), 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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