LBNDX vs. JPIE

Last updated Jun 3, 2026

LBNDX (Lord Abbett Bond Debenture Fund) and JPIE (JPMorgan Income ETF) are both Multisector Bonds funds. Over the past 3 years, LBNDX returned 7.17%/yr vs 6.48%/yr for JPIE. A 0.70 correlation means they provide meaningful diversification when combined. LBNDX charges 0.77%/yr vs 0.41%/yr for JPIE.

Performance

LBNDX vs. JPIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Bond Debenture Fund (LBNDX) and JPMorgan Income ETF (JPIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LBNDX having a 1.63% return and JPIE slightly lower at 1.56%.

LBNDX

• 1D: 0.00%
• 1M: 0.24%
• YTD: 1.63%
• 6M: 2.13%
• 1Y: 8.62%
• 3Y*: 7.17%
• 5Y*: 1.62%
• 10Y*: 4.31%

JPIE

• 1D: 0.04%
• 1M: 0.37%
• YTD: 1.56%
• 6M: 2.05%
• 1Y: 6.01%
• 3Y*: 6.48%
• 5Y*: —
• 10Y*: —

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

LBNDX vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LBNDX Lord Abbett Bond Debenture Fund	1.63%	8.42%	6.29%	6.38%	-13.67%	-0.75%
JPIE JPMorgan Income ETF	1.56%	7.39%	6.32%	7.07%	-6.13%	0.30%

Correlation

The correlation between LBNDX and JPIE is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.70

The correlation between LBNDX and JPIE has been stable across timeframes, ranging from 0.69 to 0.71 - a consistent structural relationship.

Return for Risk

LBNDX vs. JPIE — Risk / Return Rank

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

LBNDX

LBNDX Risk / Return Rank: 51
LBNDX Sharpe Ratio Rank: 52
LBNDX Sortino Ratio Rank: 61
LBNDX Omega Ratio Rank: 61
LBNDX Calmar Ratio Rank: 35
LBNDX Martin Ratio Rank: 44

JPIE

JPIE Risk / Return Rank: 94
JPIE Sharpe Ratio Rank: 95
JPIE Sortino Ratio Rank: 97
JPIE Omega Ratio Rank: 97
JPIE Calmar Ratio Rank: 89
JPIE Martin Ratio Rank: 94

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.

LBNDX vs. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Bond Debenture Fund (LBNDX) 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.

	LBNDX	JPIE	Difference
Sharpe ratio Return per unit of total volatility	2.14	3.81	-1.68
Sortino ratio Return per unit of downside risk	3.28	6.03	-2.75
Omega ratio Gain probability vs. loss probability	1.44	1.87	-0.43
Calmar ratio Return relative to maximum drawdown	2.29	5.27	-2.98
Martin ratio Return relative to average drawdown	9.39	26.12	-16.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LBNDX vs. JPIE - Sharpe Ratio Comparison

The current LBNDX Sharpe Ratio is 2.14, which is lower than the JPIE Sharpe Ratio of 3.81. The chart below compares the historical Sharpe Ratios of LBNDX and JPIE, 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

	LBNDX	JPIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	3.81	-1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.99	+0.11

Drawdowns

LBNDX vs. JPIE - Drawdown Comparison

The maximum LBNDX drawdown since its inception was -26.67%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for LBNDX and JPIE.

Drawdown Indicators

	LBNDX	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-26.67%	-9.96%	-16.71%
Max Drawdown (1Y) Largest decline over 1 year	-4.08%	-1.15%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-4.51%	-2.40%	-2.11%
Max Drawdown (5Y) Largest decline over 5 years	-17.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.77%	—	—
Current Drawdown Current decline from peak	-0.36%	0.00%	-0.36%
Average Drawdown Average peak-to-trough decline	-3.52%	-2.10%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	0.23%	+0.76%

Volatility

LBNDX vs. JPIE - Volatility Comparison

Lord Abbett Bond Debenture Fund (LBNDX) has a higher volatility of 1.18% compared to JPMorgan Income ETF (JPIE) at 0.60%. This indicates that LBNDX'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.

Volatility by Period

	LBNDX	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.18%	0.60%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	3.17%	1.27%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	4.06%	1.58%	+2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.69%	3.53%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.04%	3.53%	+1.51%

LBNDX vs. JPIE - Expense Ratio Comparison

LBNDX has a 0.77% expense ratio, which is higher than JPIE's 0.41% expense ratio.

Dividends

LBNDX vs. JPIE - Dividend Comparison

LBNDX's dividend yield for the trailing twelve months is around 6.04%, more than JPIE's 5.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPIE JPMorgan Income ETF	5.61%	5.65%	6.11%	5.70%	4.49%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LBNDX Lord Abbett Bond Debenture Fund	6.04%	5.92%	5.38%	4.66%	3.67%	3.71%	3.72%	4.02%	6.43%	4.82%	4.58%	5.50%

Frequently Asked Questions

Can I hold both LBNDX and JPIE in my portfolio?

LBNDX and JPIE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LBNDX or JPIE?

LBNDX has higher volatility (1.18%) compared to JPIE (0.60%). In terms of maximum drawdown, LBNDX dropped -26.67% vs JPIE's -9.96%.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.81 vs 2.14), 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.