JCPI vs. FBND
Compare and contrast key facts about JPMorgan Inflation Managed Bond ETF (JCPI) and Fidelity Total Bond ETF (FBND).
JCPI and FBND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JCPI is an actively managed fund by JPMorgan. It was launched on Mar 31, 2010. FBND is an actively managed fund by Fidelity. It was launched on Oct 6, 2014.
Performance
JCPI vs. FBND - Performance Comparison
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JCPI vs. FBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 0.36% | 7.10% | 4.70% | 5.04% | -5.53% |
FBND Fidelity Total Bond ETF | 0.12% | 7.57% | 2.13% | 6.81% | -4.83% |
Returns By Period
In the year-to-date period, JCPI achieves a 0.36% return, which is significantly higher than FBND's 0.12% return.
JCPI
- 1D
- -0.33%
- 1M
- -0.83%
- YTD
- 0.36%
- 6M
- 0.10%
- 1Y
- 3.67%
- 3Y*
- 4.41%
- 5Y*
- —
- 10Y*
- —
FBND
- 1D
- -0.02%
- 1M
- -1.32%
- YTD
- 0.12%
- 6M
- 0.77%
- 1Y
- 4.53%
- 3Y*
- 4.42%
- 5Y*
- 1.01%
- 10Y*
- 2.78%
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JCPI vs. FBND - Expense Ratio Comparison
JCPI has a 0.25% expense ratio, which is lower than FBND's 0.36% expense ratio.
Return for Risk
JCPI vs. FBND — Risk / Return Rank
JCPI
FBND
JCPI vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Inflation Managed Bond ETF (JCPI) and Fidelity Total Bond ETF (FBND). 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.
| JCPI | FBND | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.03 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.43 | 1.44 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.69 | -0.31 |
Martin ratioReturn relative to average drawdown | 5.40 | 5.25 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JCPI | FBND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.03 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.17 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.44 | +0.18 |
Correlation
The correlation between JCPI and FBND is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JCPI vs. FBND - Dividend Comparison
JCPI's dividend yield for the trailing twelve months is around 3.65%, less than FBND's 4.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 3.65% | 3.93% | 3.98% | 3.45% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.73% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Drawdowns
JCPI vs. FBND - Drawdown Comparison
The maximum JCPI drawdown since its inception was -7.85%, smaller than the maximum FBND drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for JCPI and FBND.
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Drawdown Indicators
| JCPI | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.85% | -17.25% | +9.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -2.79% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -1.13% | -1.80% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -3.38% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.90% | -0.19% |
Volatility
JCPI vs. FBND - Volatility Comparison
The current volatility for JPMorgan Inflation Managed Bond ETF (JCPI) is 1.17%, while Fidelity Total Bond ETF (FBND) has a volatility of 1.66%. This indicates that JCPI experiences smaller price fluctuations and is considered to be less risky than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JCPI | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.66% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 2.62% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 4.44% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 5.90% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 6.08% | -1.53% |