JPIB vs SPY
JPIB vs SPY
JPMorgan International Bond Opportunities 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 | JPIB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $2.1B | $789.1B | |
| Dividend Yield | 4.67% | 1.01% | |
| Holdings | 993 | 505 | |
| YTD Return | +0.67% | +13.10% | |
| 1Y Return | +3.19% | +22.80% | |
| 3Y Return (annualized) | +5.87% | +20.98% | |
| 5Y Return (annualized) | +2.72% | +13.20% | |
| Volatility (annualized) | 4.9% | 15.3% | |
| Max Drawdown | -14.6% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Apr 5, 2017 | Jan 22, 1993 |
JPIB vs SPY Performance
JPMorgan International Bond Opportunities ETF (JPIB) 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 JPIB returned +3.19% while SPY returned +22.80%. Year to date, JPIB is up 0.67% versus a gain of 13.10% for SPY.
Over three years, JPIB compounded at +5.87% per year against +20.98% for SPY; over five years the annualized figures are +2.72% and +13.20% respectively. Across the full 9-year window we track, SPY has the edge at +8.83% annualized vs +1.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 4.9% for JPIB. 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 -14.6% for JPIB 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPIB charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, JPIB currently yields 4.67% against 1.01% for SPY.
Holdings Overlap
JPIB and SPY share 0 holdings out of 843 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JPIB or SPY?
JPIB has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, JPIB or SPY?
Over the past year JPIB returned +3.19% vs +22.80% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), JPIB annualized +1.87% vs +8.83% for SPY. Past performance does not guarantee future results.
Which is riskier, JPIB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.9% for JPIB. Worst drawdown: JPIB -14.6% vs SPY -56.5%.
Should I hold both JPIB and SPY?
JPIB and SPY have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPIB and SPY?
JPIB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 843 unique securities.
Which pays a higher dividend, JPIB or SPY?
JPIB yields 4.67% while SPY yields 1.01%, so JPIB currently pays the higher dividend yield.
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