IBIH vs. JCPI
IBIH (iShares iBonds Oct 2031 Term TIPS ETF) and JCPI (JPMorgan Inflation Managed Bond ETF) are both Inflation-Protected Bonds funds. IBIH is passively managed, while JCPI is actively managed. Over the past year, IBIH returned 2.20% vs 2.13% for JCPI. Their correlation of 0.84 means they have usually moved in the same direction. IBIH charges 0.10%/yr vs 0.25%/yr for JCPI.
Performance
IBIH vs. JCPI - Performance Comparison
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Returns By Period
In the year-to-date period, IBIH achieves a 1.04% return, which is significantly higher than JCPI's 0.75% return.
IBIH
- 1D
- -0.21%
- 1M
- -0.25%
- 6M
- 0.21%
- YTD
- 1.04%
- 1Y
- 2.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.53%
JCPI
- 1D
- -0.29%
- 1M
- -0.50%
- 6M
- 0.19%
- YTD
- 0.75%
- 1Y
- 2.13%
- 3Y*
- 5.05%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $435.14K | $428.04K | $430.49K | |
| $1.59M | $2.28M | $2.32M |
IBIH vs. JCPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 1.04% | 8.47% | 1.73% | 4.60% |
JCPI JPMorgan Inflation Managed Bond ETF | 0.75% | 7.10% | 4.70% | 3.40% |
Correlation
The correlation between IBIH and JCPI is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.84 |
The correlation between IBIH and JCPI has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
IBIH vs. JCPI — Risk / Return Rank
IBIH
JCPI
IBIH vs. JCPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2031 Term TIPS ETF (IBIH) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBIH | JCPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.79 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.68 | 4.79 | -0.11 |
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Drawdowns
IBIH vs. JCPI - Drawdown Comparison
The maximum IBIH drawdown since its inception was -3.94%, smaller than the maximum JCPI drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for IBIH and JCPI.
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Drawdown Indicators
| IBIH | JCPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.94% | -7.85% | +3.91% |
Max Drawdown (1Y)Largest decline over 1 year | -1.70% | -1.60% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.77% | — |
Current DrawdownCurrent decline from peak | -1.17% | -1.32% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -1.83% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.60% | +0.04% |
Volatility
IBIH vs. JCPI - Volatility Comparison
The current volatility for iShares iBonds Oct 2031 Term TIPS ETF (IBIH) is 0.68%, while JPMorgan Inflation Managed Bond ETF (JCPI) has a volatility of 0.83%. This indicates that IBIH 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.
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Volatility by Period
| IBIH | JCPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 0.83% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 2.36% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 3.06% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 4.47% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.87% | 4.47% | +0.40% |
IBIH vs. JCPI - Expense Ratio Comparison
IBIH 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%.
Dividends
IBIH vs. JCPI - Dividend Comparison
IBIH's dividend yield for the trailing twelve months is around 4.98%, more than JCPI's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBIH iShares iBonds Oct 2031 Term TIPS ETF | 4.98% | 4.68% | 4.34% | 0.70% | 0.00% |
JCPI JPMorgan Inflation Managed Bond ETF | 3.91% | 3.93% | 3.98% | 3.45% | 3.29% |
Frequently Asked Questions
IBIH and JCPI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JCPI has higher volatility (0.83%) compared to IBIH (0.68%). In terms of maximum drawdown, IBIH dropped -3.94% vs JCPI's -7.85%.
On 1-year performance, IBIH leads with 2.20% vs 2.13% for JCPI. On fees, IBIH is cheaper at 0.10% per year. On volatility, IBIH has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIH has performed better with a 2.20% return vs 2.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIH is cheaper with a 0.10% expense ratio, compared with 0.25% for JCPI.
IBIH has the higher dividend yield at 4.98%, compared with 3.91% for JCPI.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.10% for IBIH and 0.25% for JCPI.
IBIH currently has the higher Sharpe Ratio (0.95 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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