TBX vs. JPIE
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and JPMorgan Income ETF (JPIE).
TBX and JPIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBX is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-100%). It was launched on Apr 4, 2011. JPIE is an actively managed fund by JPMorgan. It was launched on Oct 28, 2021.
Performance
TBX vs. JPIE - Performance Comparison
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TBX vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 1.57% | -1.15% | 8.52% | 3.99% | 18.31% | -0.63% |
JPIE JPMorgan Income ETF | 0.51% | 7.39% | 6.32% | 7.07% | -6.13% | 0.30% |
Returns By Period
In the year-to-date period, TBX achieves a 1.57% return, which is significantly higher than JPIE's 0.51% return.
TBX
- 1D
- 0.08%
- 1M
- 2.27%
- YTD
- 1.57%
- 6M
- 2.49%
- 1Y
- 4.06%
- 3Y*
- 5.11%
- 5Y*
- 5.34%
- 10Y*
- 1.73%
JPIE
- 1D
- 0.10%
- 1M
- -0.44%
- YTD
- 0.51%
- 6M
- 2.07%
- 1Y
- 5.77%
- 3Y*
- 6.27%
- 5Y*
- —
- 10Y*
- —
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TBX vs. JPIE - Expense Ratio Comparison
TBX has a 0.95% expense ratio, which is higher than JPIE's 0.41% expense ratio.
Return for Risk
TBX vs. JPIE — Risk / Return Rank
TBX
JPIE
TBX vs. JPIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) 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.
| TBX | JPIE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 2.74 | -2.27 |
Sortino ratioReturn per unit of downside risk | 0.75 | 3.66 | -2.92 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.69 | -0.58 |
Calmar ratioReturn relative to maximum drawdown | 0.43 | 3.41 | -2.99 |
Martin ratioReturn relative to average drawdown | 0.60 | 18.78 | -18.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TBX | JPIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.74 | -2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.95 | -1.12 |
Correlation
The correlation between TBX and JPIE is -0.60. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TBX vs. JPIE - Dividend Comparison
TBX's dividend yield for the trailing twelve months is around 3.09%, less than JPIE's 5.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 3.09% | 3.45% | 6.58% | 4.07% | 0.40% | 0.00% | 0.10% | 1.53% | 0.72% |
JPIE JPMorgan Income ETF | 5.65% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% |
Drawdowns
TBX vs. JPIE - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for TBX and JPIE.
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Drawdown Indicators
| TBX | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.04% | -9.96% | -31.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -1.72% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -7.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.46% | — | — |
Current DrawdownCurrent decline from peak | -18.30% | -0.53% | -17.77% |
Average DrawdownAverage peak-to-trough decline | -26.74% | -2.17% | -24.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 0.31% | +4.53% |
Volatility
TBX vs. JPIE - Volatility Comparison
ProShares Short 7-10 Year Treasury (TBX) has a higher volatility of 1.92% compared to JPMorgan Income ETF (JPIE) at 0.87%. This indicates that TBX'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.
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Volatility by Period
| TBX | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.92% | 0.87% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 1.09% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.65% | 2.11% | +6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.43% | 3.57% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 3.57% | +3.57% |