NBTR vs. JOYT

Last updated Jul 14, 2026

NBTR (Neuberger Total Return Bond ETF) and JOYT (JPMorgan Equity And Options Total Return ETF) are both exchange-traded funds - NBTR is a Intermediate Core-Plus Bond fund actively managed by Neuberger, while JOYT is a Derivative Income fund actively managed by JPMorgan. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. NBTR charges 0.37%/yr vs 0.35%/yr for JOYT.

Performance

NBTR vs. JOYT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Total Return Bond ETF (NBTR) and JPMorgan Equity And Options Total Return ETF (JOYT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBTR achieves a 0.01% return, which is significantly lower than JOYT's 6.19% return.

NBTR

• 1D: -0.30%
• 1M: -0.68%
• 6M: -0.22%
• YTD: 0.01%
• 1Y: 4.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JOYT

• 1D: -0.35%
• 1M: 2.21%
• 6M: 4.62%
• YTD: 6.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBTR vs. JOYT - Yearly Performance Comparison

	2026 (YTD)	2025
NBTR Neuberger Total Return Bond ETF	0.01%	3.01%
JOYT JPMorgan Equity And Options Total Return ETF	6.19%	9.15%

Correlation

The correlation between NBTR and JOYT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 19, 2025	0.34

Return for Risk

NBTR vs. JOYT — Risk / Return Rank

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

NBTR

NBTR Risk / Return Rank: 42
NBTR Sharpe Ratio Rank: 44
NBTR Sortino Ratio Rank: 45
NBTR Omega Ratio Rank: 41
NBTR Calmar Ratio Rank: 41
NBTR Martin Ratio Rank: 39

JOYT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

NBTR vs. JOYT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Total Return Bond ETF (NBTR) and JPMorgan Equity And Options Total Return ETF (JOYT). 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.

	NBTR	JOYT	Difference
Sharpe ratio: Return per unit of total volatility	1.25	—	—
Sortino ratio: Return per unit of downside risk	1.83	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.69	—	—
Martin ratio: Return relative to average drawdown	4.97	—	—

Drawdowns

NBTR vs. JOYT - Drawdown Comparison

The maximum NBTR drawdown since its inception was -2.58%, smaller than the maximum JOYT drawdown of -6.99%. Use the drawdown chart below to compare losses from any high point for NBTR and JOYT.

Drawdown Indicators

	NBTR	JOYT	Difference
Max Drawdown Largest peak-to-trough decline	-2.58%	-6.99%	+4.41%
Max Drawdown (1Y) Largest decline over 1 year	-2.54%	—	—
Current Drawdown Current decline from peak	-1.62%	-0.35%	-1.27%
Average Drawdown Average peak-to-trough decline	-0.65%	-0.88%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	—	—

Volatility

Volatility by Period

	NBTR	JOYT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	9.65%	-6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.07%	9.65%	-5.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.07%	9.65%	-5.58%

NBTR vs. JOYT - Expense Ratio Comparison

NBTR has a 0.37% expense ratio, which is higher than JOYT's 0.35% expense ratio.

Dividends

NBTR vs. JOYT - Dividend Comparison

NBTR's dividend yield for the trailing twelve months is around 5.59%, more than JOYT's 0.62% yield.

Position	TTM	2025
JOYT JPMorgan Equity And Options Total Return ETF	0.62%	0.28%
NBTR Neuberger Total Return Bond ETF	5.59%	5.76%

Frequently Asked Questions

Can I hold both NBTR and JOYT in my portfolio?

NBTR and JOYT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NBTR or JOYT?

On fees, JOYT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NBTR or JOYT?

JOYT is cheaper with a 0.35% expense ratio, compared with 0.37% for NBTR.

Which ETF pays a higher dividend yield, NBTR or JOYT?

NBTR has the higher dividend yield at 5.59%, compared with 0.62% for JOYT.

What is the main difference between NBTR and JOYT?

NBTR is categorized as Intermediate Core-Plus Bond, while JOYT is Derivative Income. They also come from different issuers: Neuberger and JPMorgan. Their fees differ too: 0.37% for NBTR and 0.35% for JOYT.