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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JCPI or FBND.
Key characteristics
| JCPI | FBND | |
|---|---|---|
| YTD Return | 5.81% | 4.13% |
| 1Y Return | 10.74% | 13.10% |
| Sharpe Ratio | 2.63 | 1.96 |
| Sortino Ratio | 4.25 | 2.86 |
| Omega Ratio | 1.53 | 1.36 |
| Calmar Ratio | 1.71 | 0.79 |
| Martin Ratio | 20.16 | 9.75 |
| Ulcer Index | 0.51% | 1.26% |
| Daily Std Dev | 3.88% | 6.27% |
| Max Drawdown | -7.85% | -17.25% |
| Current Drawdown | -0.66% | -3.68% |
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.
Performance
JCPI vs. FBND - Performance Comparison
In the year-to-date period, JCPI achieves a 5.81% return, which is significantly higher than FBND's 4.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
JCPI vs. FBND - Risk-Adjusted Performance 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.
Dividends
JCPI vs. FBND - Dividend Comparison
JCPI's dividend yield for the trailing twelve months is around 3.82%, less than FBND's 4.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 3.82% | 3.45% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBND Fidelity Total Bond ETF | 4.58% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% | 0.66% |
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. For additional features, visit the drawdowns tool.
Volatility
JCPI vs. FBND - Volatility Comparison
JPMorgan Inflation Managed Bond ETF (JCPI) has a higher volatility of 1.28% compared to Fidelity Total Bond ETF (FBND) at 1.17%. This indicates that JCPI's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.