WOBDX vs. UCON
Compare and contrast key facts about JPMorgan Core Bond Fund (WOBDX) and First Trust TCW Unconstrained Plus Bond ETF (UCON).
WOBDX is managed by JPMorgan Chase. It was launched on May 31, 1991. UCON is an actively managed fund by First Trust. It was launched on Jun 4, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WOBDX or UCON.
Performance
WOBDX vs. UCON - Performance Comparison
Returns By Period
In the year-to-date period, WOBDX achieves a 2.22% return, which is significantly lower than UCON's 3.85% return.
WOBDX
2.22%
-0.53%
3.23%
6.82%
-0.36%
1.28%
UCON
3.85%
-0.48%
3.42%
7.12%
2.69%
N/A
Key characteristics
| WOBDX | UCON | |
|---|---|---|
| Sharpe Ratio | 1.23 | 2.00 |
| Sortino Ratio | 1.82 | 2.95 |
| Omega Ratio | 1.22 | 1.39 |
| Calmar Ratio | 0.47 | 3.13 |
| Martin Ratio | 4.11 | 9.61 |
| Ulcer Index | 1.66% | 0.74% |
| Daily Std Dev | 5.56% | 3.57% |
| Max Drawdown | -18.25% | -15.31% |
| Current Drawdown | -8.29% | -1.71% |
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WOBDX vs. UCON - Expense Ratio Comparison
WOBDX has a 0.50% expense ratio, which is lower than UCON's 0.76% expense ratio.
Correlation
The correlation between WOBDX and UCON is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
WOBDX vs. UCON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Bond Fund (WOBDX) and First Trust TCW Unconstrained Plus Bond ETF (UCON). 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. UCON - Dividend Comparison
WOBDX's dividend yield for the trailing twelve months is around 3.91%, less than UCON's 4.63% 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% |
UCON First Trust TCW Unconstrained Plus Bond ETF | 4.63% | 4.75% | 3.12% | 2.20% | 3.14% | 3.51% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WOBDX vs. UCON - Drawdown Comparison
The maximum WOBDX drawdown since its inception was -18.25%, which is greater than UCON's maximum drawdown of -15.31%. Use the drawdown chart below to compare losses from any high point for WOBDX and UCON. For additional features, visit the drawdowns tool.
Volatility
WOBDX vs. UCON - Volatility Comparison
JPMorgan Core Bond Fund (WOBDX) has a higher volatility of 1.35% compared to First Trust TCW Unconstrained Plus Bond ETF (UCON) at 0.86%. This indicates that WOBDX's price experiences larger fluctuations and is considered to be riskier than UCON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.