JCPB vs SECR
JPMorgan Core Plus Bond ETF vs NYLIM MacKay Securitized Income ETF
Which is better, JCPB or SECR?
Nearly the same fund. SECR costs less.
SECR has a lower expense ratio. JCPB led over 1Y, SECR over the full window. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JCPB | SECR |
|---|---|---|
| Expense Ratio | 0.37% | 0.28%Best |
| AUM | $17.6B | $161M |
| Dividend Yield | 4.98% | 6.96% |
| Holdings | 5,617 | 928 |
| YTD Return | -1.46%Best | -1.56% |
| 1Y Return | -0.95%Best | -1.10% |
| 3Y Return (annualized) | +4.89% | - |
| 5Y Return (annualized) | +0.56% | - |
| Volatility (annualized) | 4.6%Best | 4.9% |
| Max Drawdown | -4.5%Best | -5.1% |
| $10,000 over 2.5 years | $11,033 | $11,038Best |
| Fund Family | J.P. Morgan Asset Management | New York Life Investment Management LLC |
| Category | Fixed Income | Fixed Income |
| Style | Long Term High Quality | Long Term High Quality |
| Inception | Jan 28, 2019 | May 31, 2024 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: May 31, 2024 to Nov 13, 2026 (2.5 years).
JCPB vs SECR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.5 years both funds cover.
JCPB vs SECR Performance
JPMorgan Core Plus Bond ETF (JCPB) is an ETF from J.P. Morgan Asset Management and NYLIM MacKay Securitized Income ETF (SECR) is an ETF from New York Life Investment Management LLC. Over the past year JCPB returned -0.95% while SECR returned -1.10%. Year to date, JCPB is down 1.46% versus a loss of 1.56% for SECR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SECR has been the more volatile fund, with annualized monthly volatility of 4.9% compared with 4.6% for JCPB. 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 JCPB and -5.1% for SECR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JCPB charges 0.37% per year while SECR charges 0.28%. On a $10,000 position that is $37 vs $28 annually, a gap of $9 per year that compounds over a long holding period. On income, JCPB currently yields 4.98% against 6.96% for SECR.
Holdings Overlap
We hold position weights for 1,460 holdings in JCPB and 95 in SECR, totalling 44.1% and 37.8% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 7 positions appear in both.
7 positions in common, counted across the 1,460 positions we hold weights for in JCPB and 95 in SECR, against full books of 5,617 and 928.
Top Shared Holdings
| Stock | Weight in JCPB | Weight in SECR | Difference |
|---|---|---|---|
| G2 MA7706Ginnie Mae Ii Pool 3 | 0.04% | 0.93% | 0.89% |
| MSCR 2025-MN10 M2Fhlmc, Series 2025-Mn10, Class M2 | 0.11% | 0.30% | 0.19% |
| LDMSR 2025-GT2 ALoandepot Gmsr Master Trust | 0.07% | 0.32% | 0.25% |
| GCAR 2025-1A DGls Auto Receivables Trust Gcar 2025 1A D 144A | 0.01% | 0.37% | 0.36% |
| MCAS 2024-01 M10Bank Of Montreal,7.33%, Nov 26, 2082 | 0.02% | 0.26% | 0.24% |
| MSCR 2024-MN8 M2Fhlmc, Series 2024-Mn8, Class M2 | 0.03% | 0.19% | 0.16% |
| MSCR 2024-MN9 M2Mscr 2024-Mn9 M2 10/44 | 0.02% | 0.11% | 0.09% |
You are not choosing between two funds in isolation.
Whichever of JCPB and SECR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JCPB or SECR?
JCPB has an expense ratio of 0.37% while SECR charges 0.28%. SECR is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, JCPB or SECR?
Over the past year JCPB returned -0.95% vs -1.10% for SECR, so JCPB leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JCPB or SECR?
SECR has been the more volatile fund at 4.9% annualized versus 4.6% for JCPB. Worst drawdown: JCPB -4.5% vs SECR -5.1%.
Should I hold both JCPB and SECR?
JCPB and SECR have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, JCPB or SECR?
JCPB yields 4.98% while SECR yields 6.96%, so SECR currently pays the higher dividend yield.
Is SECR better than JCPB?
SECR has a lower expense ratio. JCPB led over 1Y, SECR over the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.