NMKBX vs. JCBUX
NMKBX (North Square McKee Bond Fund) and JCBUX (JPMorgan Core Bond Fund Class R6) are both Intermediate Core Bond funds. Over the past 5 years, NMKBX returned 0.55%/yr vs 0.13%/yr for JCBUX. Their 0.95 correlation means they have historically moved very closely together. NMKBX charges 0.28%/yr vs 0.33%/yr for JCBUX.
Performance
NMKBX vs. JCBUX - Performance Comparison
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Returns By Period
In the year-to-date period, NMKBX achieves a -0.56% return, which is significantly lower than JCBUX's -0.52% return.
NMKBX
- 1D
- -0.23%
- 1M
- -1.23%
- 6M
- -0.65%
- YTD
- -0.56%
- 1Y
- 2.03%
- 3Y*
- 4.33%
- 5Y*
- 0.55%
- 10Y*
- —
- ALL TIME*
- 0.52%
JCBUX
- 1D
- -0.20%
- 1M
- -1.19%
- 6M
- -0.67%
- YTD
- -0.52%
- 1Y
- 1.90%
- 3Y*
- 4.32%
- 5Y*
- 0.13%
- 10Y*
- 1.85%
- ALL TIME*
- 3.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NMKBX vs. JCBUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NMKBX North Square McKee Bond Fund | -0.56% | 7.26% | 1.78% | 5.96% | -9.46% | -1.24% | 0.10% |
JCBUX JPMorgan Core Bond Fund Class R6 | -0.52% | 7.55% | 2.25% | 5.85% | -12.18% | -0.95% | 0.20% |
Correlation
The correlation between NMKBX and JCBUX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.98 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2020 | 0.95 |
The correlation between NMKBX and JCBUX has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
NMKBX vs. JCBUX — Risk / Return Rank
NMKBX
JCBUX
NMKBX vs. JCBUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North Square McKee Bond Fund (NMKBX) and JPMorgan Core Bond Fund Class R6 (JCBUX). 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.
| NMKBX | JCBUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.98 | +0.04 |
| Martin ratioReturn relative to average drawdown | 2.54 | 2.35 | +0.20 |
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Drawdowns
NMKBX vs. JCBUX - Drawdown Comparison
The maximum NMKBX drawdown since its inception was -14.25%, smaller than the maximum JCBUX drawdown of -16.46%. Use the drawdown chart below to compare losses from any high point for NMKBX and JCBUX.
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Drawdown Indicators
| NMKBX | JCBUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.25% | -16.46% | +2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.69% | -2.96% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.45% | -4.71% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -14.13% | -16.41% | +2.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.46% | — |
Current DrawdownCurrent decline from peak | -2.37% | -2.58% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -2.29% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.23% | -0.16% |
Volatility
NMKBX vs. JCBUX - Volatility Comparison
The current volatility for North Square McKee Bond Fund (NMKBX) is 0.97%, while JPMorgan Core Bond Fund Class R6 (JCBUX) has a volatility of 1.03%. This indicates that NMKBX experiences smaller price fluctuations and is considered to be less risky than JCBUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMKBX | JCBUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.03% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 3.01% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 3.84% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 5.69% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 4.69% | +0.51% |
NMKBX vs. JCBUX - Expense Ratio Comparison
NMKBX has a 0.28% expense ratio, which is lower than JCBUX's 0.33% expense ratio.
Dividends
NMKBX vs. JCBUX - Dividend Comparison
NMKBX's dividend yield for the trailing twelve months is around 4.28%, less than JCBUX's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCBUX JPMorgan Core Bond Fund Class R6 | 4.33% | 4.12% | 4.12% | 3.66% | 2.85% | 2.98% | 4.15% | 3.37% | 3.06% | 3.03% | 3.07% | 2.77% |
NMKBX North Square McKee Bond Fund | 4.28% | 4.25% | 4.19% | 3.54% | 2.12% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, NMKBX and JCBUX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JCBUX has higher volatility (1.03%) compared to NMKBX (0.97%). In terms of maximum drawdown, NMKBX dropped -14.25% vs JCBUX's -16.46%.
JCBUX currently has the higher Sharpe Ratio (0.76 vs 0.74), 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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