JCPI vs. FIPDX
Compare and contrast key facts about JPMorgan Inflation Managed Bond ETF (JCPI) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).
JCPI is an actively managed fund by JPMorgan. It was launched on Mar 31, 2010. FIPDX is managed by Fidelity. It was launched on May 16, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JCPI or FIPDX.
Key characteristics
| JCPI | FIPDX | |
|---|---|---|
| YTD Return | 5.81% | 4.36% |
| 1Y Return | 10.74% | 9.75% |
| Sharpe Ratio | 2.63 | 1.98 |
| Sortino Ratio | 4.25 | 3.01 |
| Omega Ratio | 1.53 | 1.37 |
| Calmar Ratio | 1.71 | 0.70 |
| Martin Ratio | 20.16 | 10.96 |
| Ulcer Index | 0.51% | 0.89% |
| Daily Std Dev | 3.88% | 4.95% |
| Max Drawdown | -7.85% | -14.29% |
| Current Drawdown | -0.66% | -5.30% |
Correlation
The correlation between JCPI and FIPDX is 0.84, 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. FIPDX - Performance Comparison
In the year-to-date period, JCPI achieves a 5.81% return, which is significantly higher than FIPDX's 4.36% 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. FIPDX - Expense Ratio Comparison
JCPI has a 0.25% expense ratio, which is higher than FIPDX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
JCPI vs. FIPDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Inflation Managed Bond ETF (JCPI) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). 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. FIPDX - Dividend Comparison
JCPI's dividend yield for the trailing twelve months is around 3.82%, less than FIPDX's 5.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 5.43% | 3.59% | 8.87% | 4.76% | 1.24% | 1.96% | 2.31% | 1.25% | 1.59% | 0.38% | 1.10% | 0.66% |
Drawdowns
JCPI vs. FIPDX - Drawdown Comparison
The maximum JCPI drawdown since its inception was -7.85%, smaller than the maximum FIPDX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for JCPI and FIPDX. For additional features, visit the drawdowns tool.
Volatility
JCPI vs. FIPDX - Volatility Comparison
JPMorgan Inflation Managed Bond ETF (JCPI) has a higher volatility of 1.28% compared to Fidelity Inflation-Protected Bond Index Fund (FIPDX) at 1.17%. This indicates that JCPI's price experiences larger fluctuations and is considered to be riskier than FIPDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.