IBIC vs. JCPI

Last updated Apr 2, 2026

Compare and contrast key facts about iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and JPMorgan Inflation Managed Bond ETF (JCPI).

IBIC and JCPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBIC is a passively managed fund by iShares that tracks the performance of the ICE 2026 Maturity US Inflation-Linked Treasury Index. It was launched on Sep 13, 2023. JCPI is an actively managed fund by JPMorgan. It was launched on Mar 31, 2010.

Performance

IBIC vs. JCPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and JPMorgan Inflation Managed Bond ETF (JCPI). The values are adjusted to include any dividend payments, if applicable.

IBIC vs. JCPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBIC iShares iBonds Oct 2026 Term TIPS ETF	1.43%	4.96%	5.25%	2.17%
JCPI JPMorgan Inflation Managed Bond ETF	0.36%	7.10%	4.70%	3.10%

Returns By Period

In the year-to-date period, IBIC achieves a 1.43% return, which is significantly higher than JCPI's 0.36% return.

IBIC

• 1D: -0.02%
• 1M: 0.80%
• YTD: 1.43%
• 6M: 2.02%
• 1Y: 3.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JCPI

• 1D: -0.33%
• 1M: -0.83%
• YTD: 0.36%
• 6M: 0.10%
• 1Y: 3.67%
• 3Y*: 4.41%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBIC vs. JCPI - Expense Ratio Comparison

IBIC has a 0.10% expense ratio, which is lower than JCPI's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

JCPI

JPMorgan Inflation Managed Bond ETF

IBIC

iShares iBonds Oct 2026 Term TIPS ETF

Return for Risk

IBIC vs. JCPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIC

IBIC Risk / Return Rank: 98
IBIC Sharpe Ratio Rank: 98
IBIC Sortino Ratio Rank: 99
IBIC Omega Ratio Rank: 98
IBIC Calmar Ratio Rank: 99
IBIC Martin Ratio Rank: 98

JCPI

JCPI Risk / Return Rank: 51
JCPI Sharpe Ratio Rank: 52
JCPI Sortino Ratio Rank: 51
JCPI Omega Ratio Rank: 46
JCPI Calmar Ratio Rank: 51
JCPI Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBIC vs. JCPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) and JPMorgan Inflation Managed Bond ETF (JCPI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IBIC	JCPI	Difference
Sharpe ratio Return per unit of total volatility	3.53	0.99	+2.54
Sortino ratio Return per unit of downside risk	5.84	1.43	+4.42
Omega ratio Gain probability vs. loss probability	1.83	1.19	+0.64
Calmar ratio Return relative to maximum drawdown	9.18	1.39	+7.79
Martin ratio Return relative to average drawdown	33.06	5.40	+27.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBIC vs. JCPI - Sharpe Ratio Comparison

The current IBIC Sharpe Ratio is 3.53, which is higher than the JCPI Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of IBIC and JCPI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBIC	JCPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.53	0.99	+2.54
Sharpe Ratio (All Time) Calculated using the full available price history	3.42	0.62	+2.79

Correlation

The correlation between IBIC and JCPI is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IBIC vs. JCPI - Dividend Comparison

IBIC's dividend yield for the trailing twelve months is around 3.62%, which matches JCPI's 3.65% yield.

	TTM	2025	2024	2023	2022
IBIC iShares iBonds Oct 2026 Term TIPS ETF	3.62%	4.43%	4.65%	0.83%	0.00%
JCPI JPMorgan Inflation Managed Bond ETF	3.65%	3.93%	3.98%	3.45%	3.29%

Drawdowns

IBIC vs. JCPI - Drawdown Comparison

The maximum IBIC drawdown since its inception was -0.90%, smaller than the maximum JCPI drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for IBIC and JCPI.

Drawdown Indicators

	IBIC	JCPI	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	-7.85%	+6.95%
Max Drawdown (1Y) Largest decline over 1 year	-0.46%	-2.77%	+2.31%
Current Drawdown Current decline from peak	-0.06%	-1.13%	+1.07%
Average Drawdown Average peak-to-trough decline	-0.10%	-1.93%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	0.71%	-0.58%

Volatility

IBIC vs. JCPI - Volatility Comparison

The current volatility for iShares iBonds Oct 2026 Term TIPS ETF (IBIC) is 0.37%, while JPMorgan Inflation Managed Bond ETF (JCPI) has a volatility of 1.17%. This indicates that IBIC experiences smaller price fluctuations and is considered to be less risky than JCPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBIC	JCPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	1.17%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	0.62%	1.96%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	1.15%	3.73%	-2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.61%	4.55%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.61%	4.55%	-2.94%