WOBDX vs. GSY
Compare and contrast key facts about JPMorgan Core Bond Fund (WOBDX) and Invesco Ultra Short Duration ETF (GSY).
WOBDX is managed by JPMorgan Chase. It was launched on May 31, 1991. GSY is an actively managed fund by Invesco. It was launched on Feb 12, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WOBDX or GSY.
Performance
WOBDX vs. GSY - Performance Comparison
Returns By Period
In the year-to-date period, WOBDX achieves a 2.02% return, which is significantly lower than GSY's 5.24% return. Over the past 10 years, WOBDX has underperformed GSY with an annualized return of 1.29%, while GSY has yielded a comparatively higher 2.40% annualized return.
WOBDX
2.02%
-1.97%
2.82%
7.04%
-0.33%
1.29%
GSY
5.24%
0.33%
3.07%
6.50%
2.70%
2.40%
Key characteristics
| WOBDX | GSY | |
|---|---|---|
| Sharpe Ratio | 1.36 | 10.94 |
| Sortino Ratio | 2.01 | 27.64 |
| Omega Ratio | 1.24 | 6.28 |
| Calmar Ratio | 0.52 | 65.90 |
| Martin Ratio | 4.78 | 340.82 |
| Ulcer Index | 1.59% | 0.02% |
| Daily Std Dev | 5.58% | 0.60% |
| Max Drawdown | -18.25% | -12.14% |
| Current Drawdown | -8.47% | 0.00% |
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WOBDX vs. GSY - Expense Ratio Comparison
WOBDX has a 0.50% expense ratio, which is higher than GSY's 0.22% expense ratio.
Correlation
The correlation between WOBDX and GSY is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
WOBDX vs. GSY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Bond Fund (WOBDX) and Invesco Ultra Short Duration ETF (GSY). 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.
Dividends
WOBDX vs. GSY - Dividend Comparison
WOBDX's dividend yield for the trailing twelve months is around 3.91%, less than GSY's 5.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WOBDX JPMorgan Core Bond Fund | 3.91% | 3.49% | 2.68% | 2.07% | 2.36% | 2.77% | 2.80% | 2.66% | 2.47% | 2.34% | 2.53% | 2.76% |
GSY Invesco Ultra Short Duration ETF | 5.65% | 4.95% | 1.70% | 0.58% | 1.60% | 2.91% | 2.42% | 2.02% | 1.30% | 1.17% | 1.29% | 1.15% |
Drawdowns
WOBDX vs. GSY - Drawdown Comparison
The maximum WOBDX drawdown since its inception was -18.25%, which is greater than GSY's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for WOBDX and GSY. For additional features, visit the drawdowns tool.
Volatility
WOBDX vs. GSY - Volatility Comparison
JPMorgan Core Bond Fund (WOBDX) has a higher volatility of 1.49% compared to Invesco Ultra Short Duration ETF (GSY) at 0.14%. This indicates that WOBDX's price experiences larger fluctuations and is considered to be riskier than GSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.