JTSSX vs. BNDX

Last updated Jun 4, 2026

JTSSX (JPMorgan SmartRetirement 2050 Fund) and BNDX (Vanguard Total International Bond ETF) are both funds - JTSSX is a Target Retirement Date fund managed by JPMorgan, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Over the past 10 years, JTSSX returned 10.94%/yr vs 1.68%/yr for BNDX. At a 0.04 correlation, their price movements are largely independent. JTSSX charges 0.25%/yr vs 0.07%/yr for BNDX.

Performance

JTSSX vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement 2050 Fund (JTSSX) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JTSSX achieves a 9.88% return, which is significantly higher than BNDX's 0.54% return. Over the past 10 years, JTSSX has outperformed BNDX with an annualized return of 10.94%, while BNDX has yielded a comparatively lower 1.68% annualized return.

JTSSX

• 1D: 0.40%
• 1M: 4.35%
• YTD: 9.88%
• 6M: 10.44%
• 1Y: 23.19%
• 3Y*: 17.61%
• 5Y*: 8.81%
• 10Y*: 10.94%

BNDX

• 1D: -0.35%
• 1M: 0.63%
• YTD: 0.54%
• 6M: 0.23%
• 1Y: 1.82%
• 3Y*: 4.03%
• 5Y*: 0.33%
• 10Y*: 1.68%

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

JTSSX vs. BNDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JTSSX JPMorgan SmartRetirement 2050 Fund	9.88%	17.88%	12.31%	22.36%	-18.58%	17.53%	15.33%	24.81%	-9.87%	21.92%
BNDX Vanguard Total International Bond ETF	0.54%	2.86%	3.57%	8.77%	-12.76%	-2.29%	4.65%	7.87%	2.81%	2.40%

Correlation

The correlation between JTSSX and BNDX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013	0.04

Over the past year, JTSSX and BNDX have become more correlated (0.43) than their long-term average of 0.04, meaning their price movements have been converging.

Return for Risk

JTSSX vs. BNDX — Risk / Return Rank

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

JTSSX

JTSSX Risk / Return Rank: 49
JTSSX Sharpe Ratio Rank: 48
JTSSX Sortino Ratio Rank: 47
JTSSX Omega Ratio Rank: 48
JTSSX Calmar Ratio Rank: 46
JTSSX Martin Ratio Rank: 56

BNDX

BNDX Risk / Return Rank: 16
BNDX Sharpe Ratio Rank: 17
BNDX Sortino Ratio Rank: 15
BNDX Omega Ratio Rank: 16
BNDX Calmar Ratio Rank: 16
BNDX Martin Ratio Rank: 17

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.

JTSSX vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2050 Fund (JTSSX) and Vanguard Total International Bond ETF (BNDX). 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.

	JTSSX	BNDX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	0.53	+1.51
Sortino ratio: Return per unit of downside risk	2.87	0.77	+2.10
Omega ratio: Gain probability vs. loss probability	1.38	1.10	+0.28
Calmar ratio: Return relative to maximum drawdown	2.58	0.62	+1.96
Martin ratio: Return relative to average drawdown	11.29	1.78	+9.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JTSSX vs. BNDX - Sharpe Ratio Comparison

The current JTSSX Sharpe Ratio is 2.04, which is higher than the BNDX Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of JTSSX and BNDX, 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

	JTSSX	BNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	0.53	+1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.07	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.41	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.61	-0.14

Drawdowns

JTSSX vs. BNDX - Drawdown Comparison

The maximum JTSSX drawdown since its inception was -50.11%, which is greater than BNDX's maximum drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for JTSSX and BNDX.

Drawdown Indicators

	JTSSX	BNDX	Difference
Max Drawdown Largest peak-to-trough decline	-50.11%	-16.23%	-33.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.12%	-2.93%	-6.19%
Max Drawdown (3Y) Largest decline over 3 years	-15.16%	-2.93%	-12.23%
Max Drawdown (5Y) Largest decline over 5 years	-25.81%	-15.86%	-9.95%
Max Drawdown (10Y) Largest decline over 10 years	-33.24%	-16.23%	-17.01%
Current Drawdown Current decline from peak	0.00%	-1.49%	+1.49%
Average Drawdown Average peak-to-trough decline	-7.13%	-3.09%	-4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	1.02%	+1.06%

Volatility

JTSSX vs. BNDX - Volatility Comparison

JPMorgan SmartRetirement 2050 Fund (JTSSX) has a higher volatility of 3.49% compared to Vanguard Total International Bond ETF (BNDX) at 1.57%. This indicates that JTSSX's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JTSSX	BNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	1.57%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	2.91%	+6.34%
Volatility (1Y) Calculated over the trailing 1-year period	11.55%	3.43%	+8.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	4.88%	+9.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.72%	4.09%	+11.63%

JTSSX vs. BNDX - Expense Ratio Comparison

JTSSX has a 0.25% expense ratio, which is higher than BNDX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JTSSX vs. BNDX - Dividend Comparison

JTSSX's dividend yield for the trailing twelve months is around 4.69%, more than BNDX's 4.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNDX Vanguard Total International Bond ETF	4.49%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%
JTSSX JPMorgan SmartRetirement 2050 Fund	4.69%	5.16%	2.58%	1.57%	10.75%	16.31%	4.46%	9.76%	5.08%	3.84%	2.97%	3.09%

Frequently Asked Questions

Can I hold both JTSSX and BNDX in my portfolio?

JTSSX and BNDX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JTSSX or BNDX?

JTSSX has higher volatility (3.49%) compared to BNDX (1.57%). In terms of maximum drawdown, JTSSX dropped -50.11% vs BNDX's -16.23%.

Which has better risk-adjusted returns?

JTSSX currently has the higher Sharpe Ratio (2.04 vs 0.53), 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.