JBND vs SPY
JBND vs SPY
JPMorgan Active Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JBND | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.09% | |
| AUM | $8.5B | $789.1B | |
| Dividend Yield | 4.00% | 1.01% | |
| Holdings | 1,579 | 505 | |
| YTD Return | -0.33% | +9.93% | |
| 1Y Return | +3.21% | +19.50% | |
| 3Y Return (annualized) | - | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 5.4% | 15.3% | |
| Max Drawdown | -4.5% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 11, 2023 | Jan 22, 1993 |
JBND vs SPY Performance
JPMorgan Active Bond ETF (JBND) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JBND returned +3.21% while SPY returned +19.50%. Year to date, JBND is down 0.33% versus a gain of 9.93% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 5.4% for JBND. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.5% for JBND and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JBND charges 0.25% per year while SPY charges 0.09%. On a $10,000 position that is $25 vs $9 annually, a gap of $16 per year that compounds over a long holding period. On income, JBND currently yields 4.00% against 1.01% for SPY.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, JBND or SPY?
JBND has an expense ratio of 0.25% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, JBND or SPY?
Over the past year JBND returned +3.21% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), JBND annualized +6.64% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, JBND or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 5.4% for JBND. Worst drawdown: JBND -4.5% vs SPY -56.5%.
Should I hold both JBND and SPY?
JBND and SPY have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JBND and SPY?
JBND and SPY share 2 common holdings with a 0.0% weight overlap. Combined, they hold 936 unique securities.
Which pays a higher dividend, JBND or SPY?
JBND yields 4.00% while SPY yields 1.01%, so JBND currently pays the higher dividend yield.
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