UITB vs. JCPB

Last updated Jun 4, 2026

UITB (VictoryShares Core Intermediate Bond ETF) and JCPB (JPMorgan Core Plus Bond ETF) are both exchange-traded funds - UITB is a Intermediate Core Bond fund actively managed by Victory Capital, while JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan. Both are actively managed. Over the past 5 years, UITB returned 0.56%/yr vs 1.11%/yr for JCPB. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.38% expense ratio.

Performance

UITB vs. JCPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Core Intermediate Bond ETF (UITB) and JPMorgan Core Plus Bond ETF (JCPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UITB achieves a 0.17% return, which is significantly lower than JCPB's 0.58% return.

UITB

• 1D: -0.19%
• 1M: 0.24%
• YTD: 0.17%
• 6M: 0.03%
• 1Y: 5.06%
• 3Y*: 4.33%
• 5Y*: 0.56%
• 10Y*: —

JCPB

• 1D: -0.17%
• 1M: 0.36%
• YTD: 0.58%
• 6M: 0.54%
• 1Y: 6.11%
• 3Y*: 5.02%
• 5Y*: 1.11%
• 10Y*: —

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

UITB vs. JCPB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UITB VictoryShares Core Intermediate Bond ETF	0.17%	7.32%	1.81%	6.49%	-12.23%	-0.88%	7.99%	9.76%
JCPB JPMorgan Core Plus Bond ETF	0.58%	7.98%	2.96%	7.13%	-12.90%	-0.51%	9.19%	7.76%

Correlation

The correlation between UITB and JCPB is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 31, 2019	0.84

The correlation between UITB and JCPB shifts across timeframes, from 0.84 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

UITB vs. JCPB — Risk / Return Rank

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

UITB

UITB Risk / Return Rank: 38
UITB Sharpe Ratio Rank: 39
UITB Sortino Ratio Rank: 41
UITB Omega Ratio Rank: 38
UITB Calmar Ratio Rank: 37
UITB Martin Ratio Rank: 36

JCPB

JCPB Risk / Return Rank: 45
JCPB Sharpe Ratio Rank: 46
JCPB Sortino Ratio Rank: 49
JCPB Omega Ratio Rank: 45
JCPB Calmar Ratio Rank: 45
JCPB Martin Ratio Rank: 42

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.

UITB vs. JCPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Intermediate Bond ETF (UITB) and JPMorgan Core Plus Bond ETF (JCPB). 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.

	UITB	JCPB	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.63	-0.24
Sortino ratio Return per unit of downside risk	2.08	2.42	-0.34
Omega ratio Gain probability vs. loss probability	1.25	1.29	-0.05
Calmar ratio Return relative to maximum drawdown	1.81	2.26	-0.45
Martin ratio Return relative to average drawdown	5.57	6.88	-1.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UITB vs. JCPB - Sharpe Ratio Comparison

The current UITB Sharpe Ratio is 1.39, which is comparable to the JCPB Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of UITB and JCPB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UITB	JCPB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.63	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.21	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.55	-0.08

Drawdowns

UITB vs. JCPB - Drawdown Comparison

The maximum UITB drawdown since its inception was -17.02%, roughly equal to the maximum JCPB drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for UITB and JCPB.

Drawdown Indicators

	UITB	JCPB	Difference
Max Drawdown Largest peak-to-trough decline	-17.02%	-16.67%	-0.35%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-2.71%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-5.44%	-5.97%	+0.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.02%	-16.67%	-0.35%
Current Drawdown Current decline from peak	-1.61%	-1.48%	-0.13%
Average Drawdown Average peak-to-trough decline	-4.35%	-4.26%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	0.89%	+0.02%

Volatility

UITB vs. JCPB - Volatility Comparison

VictoryShares Core Intermediate Bond ETF (UITB) and JPMorgan Core Plus Bond ETF (JCPB) have volatilities of 1.24% and 1.26%, 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.

Volatility by Period

	UITB	JCPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	1.26%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.58%	2.72%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	3.77%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.64%	5.38%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.98%	5.05%	-0.07%

UITB vs. JCPB - Expense Ratio Comparison

Both UITB and JCPB have an expense ratio of 0.38%.

Dividends

UITB vs. JCPB - Dividend Comparison

UITB's dividend yield for the trailing twelve months is around 4.17%, less than JCPB's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCPB JPMorgan Core Plus Bond ETF	4.93%	4.90%	5.16%	4.32%	3.01%	2.19%	2.97%	3.01%	0.00%	0.00%
UITB VictoryShares Core Intermediate Bond ETF	4.17%	4.04%	3.89%	3.14%	2.32%	1.95%	2.79%	3.01%	2.99%	0.50%

Frequently Asked Questions

Can I hold both UITB and JCPB in my portfolio?

With a correlation of 0.98, UITB and JCPB 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.

Which is riskier, UITB or JCPB?

JCPB has higher volatility (1.26%) compared to UITB (1.24%). In terms of maximum drawdown, UITB dropped -17.02% vs JCPB's -16.67%.

Which ETF is better, UITB or JCPB?

On 5-year performance, JCPB leads with 1.11% vs 0.56% for UITB. Both ETFs have the same 0.38% expense ratio. 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, UITB or JCPB?

Over the 5-year period, JCPB has performed better with a 1.11% return vs 0.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UITB or JCPB?

UITB and JCPB have the same expense ratio: 0.38% per year.

Which ETF pays a higher dividend yield, UITB or JCPB?

JCPB has the higher dividend yield at 4.93%, compared with 4.17% for UITB.

What is the main difference between UITB and JCPB?

UITB is categorized as Intermediate Core Bond, while JCPB is Intermediate Core-Plus Bond. They also come from different issuers: Victory Capital and JPMorgan.

Which has better risk-adjusted returns?

JCPB currently has the higher Sharpe Ratio (1.63 vs 1.39), 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.