JPIE J.P. Morgan Income ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
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 5.1%, compared to a Buy-and-Hold benchmark return of 5.3%. The strategy executed 26 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.
* 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.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Available in Investing Mode
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
Available in Investing Mode
JPIE Quality Metrics & KPI Summary
| Metric | 1Y | Full History | ||
|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | |
| CAGR | 5.42% | 6.21% | 5.08% | 5.30% |
| Sharpe Ratio | 4.04 | 3.80 | 1.98 | 1.48 |
| Max Drawdown | -0.79% | -1.15% | -3.78% | -5.98% |
| % Time Invested | 100.0% | 100.0% | 86.2% | 100.0% |
| Trades / Year | 4.0 | 0.0 | 6.4 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| 2026-05-11 | Open | Open | 33.33% | $46.06 | $46.16 | 0.22% | Mark-to-Market |
| 2026-05-26 | Open | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.04% | Mark-to-Market |
| 2026-05-20 | Open | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.12% | Mark-to-Market |
| 2025-02-24 | 2026-05-26 | Completed | 33.33% | $42.89 | $45.98 | 7.20% | Signal |
| 2026-04-09 | 2026-05-20 | Completed | 33.33% | $45.81 | $45.83 | 0.04% | 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% | $45.18 | $45.53 | 0.77% | Signal |
| 2025-12-15 | 2026-03-17 | Completed | 33.33% | $45.30 | $45.73 | 0.94% | 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% | $44.94 | $45.05 | 0.24% | 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% | $43.43 | $44.94 | 3.47% | Signal |
| 2025-05-12 | 2025-10-10 | Completed | 33.33% | $43.25 | $44.75 | 3.46% | 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% | $42.33 | $42.77 | 1.04% | Signal |
| 2025-02-04 | 2025-04-08 | Completed | 33.33% | $42.70 | $42.73 | 0.08% | 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% | $41.00 | $42.69 | 4.10% | Signal |
| 2024-12-05 | 2025-01-10 | Completed | 33.33% | $42.33 | $42.45 | 0.30% | 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% | $40.42 | $41.92 | 3.70% | Signal |
| 2024-05-16 | 2024-10-22 | Completed | 33.33% | $40.44 | $42.04 | 3.96% | 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% | $38.42 | $40.58 | 5.62% | 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% | $40.12 | $39.81 | -0.76% | 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% | $38.42 | $39.90 | 3.87% | Signal |
| 2023-11-06 | 2024-02-27 | Completed | 33.33% | $38.42 | $39.76 | 3.49% | 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% | $38.22 | $38.08 | -0.38% | 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% | $38.11 | $38.07 | -0.11% | 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% | $38.06 | $38.10 | 0.10% | 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% | $37.43 | $38.07 | 1.71% | Signal |
| 2023-03-30 | 2023-05-26 | Completed | 33.33% | $37.82 | $37.83 | 0.02% | 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% | $37.11 | $37.49 | 1.01% | Signal |
| 2022-11-14 | 2023-02-23 | Completed | 33.33% | $36.55 | $37.46 | 2.47% | 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% | $37.43 | $36.86 | -1.54% | Signal |
| 2022-07-26 | 2022-09-07 | Completed | 33.33% | $37.43 | $37.08 | -0.94% | 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 |