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JPIE

J.P. Morgan Income ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-09-10
Executive Summary
The quantitative backtest for JPIE (J.P. Morgan Income ETF) using the Excess Return MMA CA* strategy in a Trading context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -3.8% (compared to the benchmark's drawdown of -6.0%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 4.6%, compared to a Buy-and-Hold benchmark return of 5.0%. The strategy executed 29 total trades.

* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.

🛡️ JPIE Drawdown Shield & Downside Protection

Why Drawdown Dictates Longevity →
Peak Drawdown Defense
-3.8% (vs -6.0% B&H)
+2.2% shallower drawdown
Downside Efficiency
2.15 Sortino
+0.29 vs 1.86 B&H
Capital Sheltered from Risk
34.1% of Time
Earning Treasury yield during downturns
* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.

📊 JPIE Quality Metrics & KPI Summary

Metric 1YFull
StrategyB&HStrategyB&H
Max Drawdown-0.82%-1.15%-3.81%-5.98%
Sharpe Ratio2.061.971.851.44
Sortino Ratio2.672.712.151.86
CAGR2.39%3.32%4.60%5.01%
% Time Invested68.7%100.0%65.9%100.0%
Trades / Year7.00.06.70.0

Cumulative Growth Performance

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Hydrating Performance Trajectory... Loading historical performance data
Figure 1: Cumulative Trajectory Analysis. Logarithmic growth comparison of JPIE under the Excess Return MMA CA strategy (Trading) versus Buy & Hold. The strategy produced a 4.6% CAGR with a -3.8% Max Drawdown across 29 trade signals (compared to Buy & Hold's 5.0% CAGR and -6.0% Max Drawdown).

Return Distribution Analysis

Histogram of monthly return distribution for JPIE under Excess Return MMA CA strategy in Trading context, illustrating downside risk mitigation and return skewness.
Figure 2: Monthly Return Distribution Profile. Monthly return distribution for JPIE under Excess Return MMA CA (Trading). Visualizes return frequency, volatility clustering, and tail-risk truncation relative to standard buy-and-hold returns.
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Top 5 non-correlated asset sleeves evaluated on 1Y daily percentage returns (Pearson r). Compare them side-by-side in Compare Studio to analyze portfolio diversification.

Diversifier Asset Category 1Y Correlation (r) Action
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Trade History

This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.

Entry DateExit DateTypeAllocationEntry PriceExit PriceNet Return %Exit Reason
🔒 Active Positions & Recent Execution Signals Hidden
Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription.
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2026-06-16 2026-07-10 Interest (FLOT) 33.33% $1.00 $1.00 0.30% Interest Income
2026-05-20 2026-06-16 Interest (FLOT) 33.33% $1.00 $1.00 0.37% Interest Income
2026-05-11 2026-06-16 Completed 33.33% $45.21 $45.41 0.41% Signal
2025-02-24 2026-05-26 Completed 33.33% $42.10 $45.13 7.15% Signal
2026-04-09 2026-05-20 Completed 33.33% $44.96 $44.98 -0.01% Signal
2026-05-04 2026-05-11 Interest (FLOT) 33.33% $1.00 $1.00 0.08% Interest Income
2026-03-26 2026-05-01 Interest (BIL) 33.33% $1.00 $1.00 0.39% Interest Income
2026-03-17 2026-04-09 Interest (BIL) 33.33% $1.00 $1.00 0.22% Interest Income
2025-11-26 2026-03-26 Completed 33.33% $44.35 $44.68 0.71% Signal
2025-12-15 2026-03-17 Completed 33.33% $44.46 $44.88 0.89% Signal
2025-11-20 2025-12-15 Interest (FLOT) 33.33% $1.00 $1.00 0.32% Interest Income
2025-11-04 2025-11-26 Interest (FLOT) 33.33% $1.00 $1.00 0.41% Interest Income
2025-11-04 2025-11-20 Completed 33.33% $44.11 $44.21 0.19% Signal
2025-10-10 2025-11-04 Interest (FLOT) 33.33% $1.00 $1.00 0.17% Interest Income
2025-05-27 2025-11-04 Completed 33.33% $42.63 $44.11 3.41% Signal
2025-05-12 2025-10-10 Completed 33.33% $42.45 $43.92 3.40% Signal
2025-05-02 2025-05-27 Interest (SHV) 33.33% $1.00 $1.00 0.25% Interest Income
2025-05-02 2025-05-12 Interest (SHV) 33.33% $1.00 $1.00 0.09% Interest Income
2025-04-16 2025-05-01 Interest (FLOT) 33.33% $1.00 $1.00 0.43% Interest Income
2025-04-08 2025-05-01 Interest (FLOT) 33.33% $1.00 $1.01 1.19% Interest Income
2024-12-05 2025-04-16 Completed 33.33% $41.54 $41.97 0.99% Signal
2025-02-04 2025-04-08 Completed 33.33% $41.90 $41.94 0.03% Signal
2025-01-30 2025-02-24 Interest (FLOT) 33.33% $1.00 $1.00 0.42% Interest Income
2025-01-10 2025-02-04 Interest (FLOT) 33.33% $1.00 $1.00 0.32% Interest Income
2024-07-12 2025-01-30 Completed 33.33% $40.24 $41.89 4.05% Signal
2024-12-05 2025-01-10 Completed 33.33% $41.54 $41.67 0.25% Signal
2024-11-05 2024-12-05 Interest (FLOT) 33.33% $1.00 $1.00 0.44% Interest Income
2024-10-22 2024-12-05 Interest (FLOT) 33.33% $1.00 $1.01 0.76% Interest Income
2024-06-03 2024-11-05 Completed 33.33% $39.67 $41.14 3.65% Signal
2024-05-16 2024-10-22 Completed 33.33% $39.69 $41.26 3.91% Signal
2024-06-06 2024-07-12 Interest (FLOT) 33.33% $1.00 $1.00 0.49% Interest Income
2023-11-06 2024-06-06 Completed 33.33% $37.70 $39.82 5.57% Signal
2024-03-05 2024-06-03 Interest (FLOT) 33.33% $1.00 $1.02 1.65% Interest Income
2024-04-16 2024-05-16 Interest (FLOT) 33.33% $1.00 $1.01 0.55% Interest Income
2024-03-26 2024-04-16 Completed 33.33% $39.37 $39.07 -0.81% Signal
2024-02-27 2024-03-26 Interest (FLOT) 33.33% $1.00 $1.01 0.51% Interest Income
2023-11-06 2024-03-05 Completed 33.33% $37.70 $39.16 3.82% Signal
2023-11-06 2024-02-27 Completed 33.33% $37.70 $39.02 3.44% Signal
2023-08-11 2023-11-06 Interest (FLOT) 33.33% $1.00 $1.01 1.46% Interest Income
2023-06-30 2023-11-06 Interest (FLOT) 33.33% $1.00 $1.02 2.10% Interest Income
2023-06-08 2023-11-06 Interest (FLOT) 33.33% $1.00 $1.03 2.57% Interest Income
2023-08-01 2023-08-11 Completed 33.33% $37.51 $37.37 -0.43% Signal
2023-06-02 2023-08-01 Interest (FLOT) 33.33% $1.00 $1.01 1.16% Interest Income
2023-06-23 2023-06-30 Completed 33.33% $37.40 $37.36 -0.16% Signal
2023-06-02 2023-06-23 Interest (FLOT) 33.33% $1.00 $1.00 0.40% Interest Income
2023-04-18 2023-06-08 Completed 33.33% $37.36 $37.39 0.05% Signal
2023-05-31 2023-06-01 Interest (SHV) 33.33% $1.00 $1.00 0.08% Interest Income
2023-05-26 2023-06-01 Interest (SHV) 33.33% $1.00 $1.00 0.11% Interest Income
2022-07-26 2023-05-31 Completed 33.33% $36.74 $37.37 1.66% Signal
2023-03-30 2023-05-26 Completed 33.33% $37.12 $37.13 -0.03% Signal
2023-04-04 2023-04-18 Interest (SHV) 33.33% $1.00 $1.00 0.15% Interest Income
2023-03-07 2023-04-03 Interest (FLOT) 33.33% $1.00 $1.00 -0.41% Interest Income
2023-02-23 2023-03-30 Interest (FLOT) 33.33% $1.00 $1.00 -0.21% Interest Income
2022-12-01 2023-03-07 Completed 33.33% $36.43 $36.79 0.96% Signal
2022-11-14 2023-02-23 Completed 33.33% $35.88 $36.76 2.42% Signal
2022-10-04 2022-12-01 Interest (BIL) 33.33% $1.00 $1.01 0.50% Interest Income
2022-10-04 2022-11-14 Interest (BIL) 33.33% $1.00 $1.00 0.34% Interest Income
2022-09-21 2022-10-03 Interest (FLOT) 33.33% $1.00 $1.00 -0.24% Interest Income
2022-09-07 2022-10-03 Interest (FLOT) 33.33% $1.00 $1.00 -0.15% Interest Income
2022-07-26 2022-09-21 Completed 33.33% $36.74 $36.17 -1.58% Signal
2022-07-26 2022-09-07 Completed 33.33% $36.74 $36.39 -0.99% Signal
2022-05-12 2022-07-26 Interest (BIL) 33.33% $1.00 $1.00 0.10% Interest Income
2022-05-12 2022-07-26 Interest (BIL) 33.33% $1.00 $1.00 0.10% Interest Income
2022-05-12 2022-07-26 Interest (BIL) 33.33% $1.00 $1.00 0.10% Interest Income

Next Steps: Portfolio Integration & Comparative Analysis

Single-ticker trend following is designed to truncate tail risk inside a broader portfolio. View where JPIE ranks across 40+ tracked assets, evaluate correlation against non-correlated diversifiers, or model it inside a custom all-weather asset mix.

📊 View Full 40-Asset Backtest Matrix → 🛠️ Build Custom Portfolio with JPIE → ⚖️ Compare JPIE vs Non-Correlated Assets →