SPSK vs. JPIB
SPSK (SP Funds Dow Jones Global Sukuk ETF) and JPIB (JPMorgan International Bond Opportunities ETF) are both Global Bonds funds. SPSK is passively managed, while JPIB is actively managed. Over the past 5 years, SPSK returned 0.75%/yr vs 2.70%/yr for JPIB. Their 0.38 correlation means their historical movements had little consistent relationship. Both charge a 0.50% expense ratio.
Performance
SPSK vs. JPIB - Performance Comparison
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Returns By Period
In the year-to-date period, SPSK achieves a -0.36% return, which is significantly lower than JPIB's 0.67% return.
SPSK
- 1D
- 0.03%
- 1M
- -0.68%
- 6M
- -0.40%
- YTD
- -0.36%
- 1Y
- 1.62%
- 3Y*
- 4.06%
- 5Y*
- 0.75%
- 10Y*
- —
- ALL TIME*
- 1.05%
JPIB
- 1D
- 0.06%
- 1M
- -0.83%
- 6M
- -0.25%
- YTD
- 0.67%
- 1Y
- 3.16%
- 3Y*
- 5.80%
- 5Y*
- 2.70%
- 10Y*
- —
- ALL TIME*
- 3.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.79M | $8.91M | $9.60M | |
| $4.42M | $4.12M | $5.91M |
SPSK vs. JPIB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPSK SP Funds Dow Jones Global Sukuk ETF | -0.36% | 6.16% | 2.95% | 3.95% | -7.75% | -1.30% | 3.67% | 0.25% |
JPIB JPMorgan International Bond Opportunities ETF | 0.67% | 8.19% | 3.48% | 8.68% | -6.38% | 0.14% | 7.14% | -0.01% |
Correlation
The correlation between SPSK and JPIB is 0.53, 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. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2019 | 0.38 |
The correlation between SPSK and JPIB shifts across timeframes, from 0.38 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPSK vs. JPIB — Risk / Return Rank
SPSK
JPIB
SPSK vs. JPIB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds Dow Jones Global Sukuk ETF (SPSK) and JPMorgan International Bond Opportunities ETF (JPIB). 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.
| SPSK | JPIB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.97 | -0.30 |
| Martin ratioReturn relative to average drawdown | 2.01 | 3.18 | -1.17 |
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Drawdowns
SPSK vs. JPIB - Drawdown Comparison
The maximum SPSK drawdown since its inception was -12.83%, roughly equal to the maximum JPIB drawdown of -13.13%. Use the drawdown chart below to compare losses from any high point for SPSK and JPIB.
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Drawdown Indicators
| SPSK | JPIB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.83% | -13.13% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -3.75% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -3.02% | -3.75% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -11.83% | -0.62% |
Current DrawdownCurrent decline from peak | -1.42% | -1.19% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -1.91% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.14% | -0.19% |
Volatility
SPSK vs. JPIB - Volatility Comparison
SP Funds Dow Jones Global Sukuk ETF (SPSK) and JPMorgan International Bond Opportunities ETF (JPIB) have volatilities of 0.71% and 0.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPSK | JPIB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.74% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 3.14% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 3.58% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 4.13% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.41% | 4.42% | +0.99% |
SPSK vs. JPIB - Expense Ratio Comparison
Both SPSK and JPIB have an expense ratio of 0.50%.
Dividends
SPSK vs. JPIB - Dividend Comparison
SPSK's dividend yield for the trailing twelve months is around 4.51%, less than JPIB's 4.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JPIB JPMorgan International Bond Opportunities ETF | 4.58% | 4.85% | 4.57% | 4.35% | 3.10% | 2.59% | 3.14% | 4.66% | 5.83% | 1.81% |
SPSK SP Funds Dow Jones Global Sukuk ETF | 4.51% | 3.63% | 3.53% | 2.95% | 2.22% | 2.56% | 1.78% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPSK and JPIB have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPIB has higher volatility (0.74%) compared to SPSK (0.71%). In terms of maximum drawdown, SPSK dropped -12.83% vs JPIB's -13.13%.
On 5-year performance, JPIB leads with 2.70% vs 0.75% for SPSK. Both ETFs have the same 0.50% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, JPIB has performed better with a 2.70% return vs 0.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPSK and JPIB have the same expense ratio: 0.50% per year.
JPIB has the higher dividend yield at 4.58%, compared with 4.51% for SPSK.
They also come from different issuers: SP Funds and JPMorgan.
JPIB currently has the higher Sharpe Ratio (1.02 vs 0.52), 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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