MAGG vs. JBND

Last updated Aug 2, 2026

MAGG (Madison Aggregate Bond ETF) and JBND (Jpmorgan Active Bond ETF) are both Intermediate Core Bond funds. Both are actively managed. Over the past year, MAGG returned 2.34% vs 2.36% for JBND. Their correlation of 0.89 means they have usually moved in the same direction. MAGG charges 0.40%/yr vs 0.25%/yr for JBND.

Performance

MAGG vs. JBND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Madison Aggregate Bond ETF (MAGG) and Jpmorgan Active Bond ETF (JBND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGG achieves a -0.62% return, which is significantly lower than JBND's -0.46% return.

MAGG

• 1D: -0.27%
• 1M: -1.28%
• 6M: -0.90%
• YTD: -0.62%
• 1Y: 2.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.37%

JBND

• 1D: -0.21%
• 1M: -1.13%
• 6M: -0.55%
• YTD: -0.46%
• 1Y: 2.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.54%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JBND Jpmorgan Active Bond ETF	$40.71M	$43.19M	$53.57M
MAGG Madison Aggregate Bond ETF	$31.02K	$43.96K	$116.51K

MAGG vs. JBND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAGG Madison Aggregate Bond ETF	-0.62%	7.28%	1.81%	6.46%
JBND Jpmorgan Active Bond ETF	-0.46%	8.21%	3.19%	7.43%

Correlation

The correlation between MAGG and JBND is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Oct 12, 2023	0.89

The correlation between MAGG and JBND shifts across timeframes, from 0.75 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MAGG vs. JBND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MAGG

MAGG Risk / Return Rank: 31
MAGG Sharpe Ratio Rank: 31
MAGG Sortino Ratio Rank: 31
MAGG Omega Ratio Rank: 29
MAGG Calmar Ratio Rank: 31
MAGG Martin Ratio Rank: 31

JBND

JBND Risk / Return Rank: 33
JBND Sharpe Ratio Rank: 35
JBND Sortino Ratio Rank: 34
JBND Omega Ratio Rank: 31
JBND Calmar Ratio Rank: 32
JBND Martin Ratio Rank: 31

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MAGG vs. JBND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Madison Aggregate Bond ETF (MAGG) and Jpmorgan Active Bond ETF (JBND). 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.

	MAGG	JBND	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.86	-0.09
Sortino ratio: Return per unit of downside risk	1.18	1.28	-0.10
Omega ratio: Gain probability vs. loss probability	1.14	1.15	-0.01
Calmar ratio: Return relative to maximum drawdown	1.05	1.09	-0.05
Martin ratio: Return relative to average drawdown	2.73	2.76	-0.02

MAGG vs. JBND - Sharpe Ratio Comparison

The current MAGG Sharpe Ratio is 0.77, which is comparable to the JBND Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of MAGG and JBND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MAGG vs. JBND - Drawdown Comparison

The maximum MAGG drawdown since its inception was -4.56%, roughly equal to the maximum JBND drawdown of -4.48%. Use the drawdown chart below to compare losses from any high point for MAGG and JBND.

Drawdown Indicators

	MAGG	JBND	Difference
Max Drawdown Largest peak-to-trough decline	-4.56%	-4.48%	-0.08%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-2.94%	+0.08%
Current Drawdown Current decline from peak	-2.28%	-2.41%	+0.13%
Average Drawdown Average peak-to-trough decline	-1.26%	-1.18%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	1.17%	-0.08%

Volatility

MAGG vs. JBND - Volatility Comparison

The current volatility for Madison Aggregate Bond ETF (MAGG) is 0.82%, while Jpmorgan Active Bond ETF (JBND) has a volatility of 0.89%. This indicates that MAGG experiences smaller price fluctuations and is considered to be less risky than JBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGG	JBND	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	0.89%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	2.74%	2.89%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.87%	3.73%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.68%	4.79%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	4.79%	-0.11%

MAGG vs. JBND - Expense Ratio Comparison

MAGG has a 0.40% expense ratio, which is higher than JBND's 0.25% expense ratio.

Dividends

MAGG vs. JBND - Dividend Comparison

MAGG's dividend yield for the trailing twelve months is around 4.90%, more than JBND's 4.47% yield.

Position	TTM	2025	2024	2023
JBND Jpmorgan Active Bond ETF	4.07%	4.42%	4.58%	1.00%
MAGG Madison Aggregate Bond ETF	4.90%	4.80%	5.13%	1.49%

Frequently Asked Questions

Can I hold both MAGG and JBND in my portfolio?

MAGG and JBND have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAGG or JBND?

JBND has higher volatility (0.89%) compared to MAGG (0.82%). In terms of maximum drawdown, MAGG dropped -4.56% vs JBND's -4.48%.

Which ETF is better, MAGG or JBND?

On 1-year performance, JBND leads with 2.36% vs 2.34% for MAGG. On fees, JBND is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGG or JBND?

Over the 1-year period, JBND has performed better with a 2.36% return vs 2.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGG or JBND?

JBND is cheaper with a 0.25% expense ratio, compared with 0.40% for MAGG.

Which ETF pays a higher dividend yield, MAGG or JBND?

MAGG has the higher dividend yield at 4.90%, compared with 4.07% for JBND.

What is the main difference between MAGG and JBND?

They also come from different issuers: Madison and JPMorgan. Their fees differ too: 0.40% for MAGG and 0.25% for JBND.

Which has better risk-adjusted returns?

JBND currently has the higher Sharpe Ratio (0.86 vs 0.77), 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.