JCPI vs. FREL
Compare and contrast key facts about JPMorgan Inflation Managed Bond ETF (JCPI) and Fidelity MSCI Real Estate Index ETF (FREL).
JCPI and FREL 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. FREL is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Real Estate Index. It was launched on Feb 2, 2015.
Performance
JCPI vs. FREL - Performance Comparison
Loading graphics...
JCPI vs. FREL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 0.70% | 7.10% | 4.70% | 5.04% | -5.53% |
FREL Fidelity MSCI Real Estate Index ETF | 1.32% | 3.09% | 5.05% | 11.74% | -21.58% |
Returns By Period
In the year-to-date period, JCPI achieves a 0.70% return, which is significantly lower than FREL's 1.32% return.
JCPI
- 1D
- 0.38%
- 1M
- -0.80%
- YTD
- 0.70%
- 6M
- 0.77%
- 1Y
- 4.18%
- 3Y*
- 4.53%
- 5Y*
- —
- 10Y*
- —
FREL
- 1D
- 0.33%
- 1M
- -6.44%
- YTD
- 1.32%
- 6M
- -1.31%
- 1Y
- 1.72%
- 3Y*
- 6.41%
- 5Y*
- 2.75%
- 10Y*
- 5.19%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JCPI vs. FREL - Expense Ratio Comparison
JCPI has a 0.25% expense ratio, which is higher than FREL's 0.08% 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%.
Return for Risk
JCPI vs. FREL — Risk / Return Rank
JCPI
FREL
JCPI vs. FREL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Inflation Managed Bond ETF (JCPI) and Fidelity MSCI Real Estate Index ETF (FREL). 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 | FREL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 0.11 | +1.03 |
Sortino ratioReturn per unit of downside risk | 1.63 | 0.26 | +1.37 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.03 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.14 | +1.38 |
Martin ratioReturn relative to average drawdown | 5.98 | 0.56 | +5.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| JCPI | FREL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.11 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.23 | +0.41 |
Correlation
The correlation between JCPI and FREL is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JCPI vs. FREL - Dividend Comparison
JCPI's dividend yield for the trailing twelve months is around 3.58%, which matches FREL's 3.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 3.23% | 3.93% | 3.98% | 3.45% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FREL Fidelity MSCI Real Estate Index ETF | 3.55% | 3.59% | 3.48% | 3.73% | 3.57% | 2.34% | 3.77% | 3.32% | 5.54% | 3.27% | 4.01% | 3.80% |
Drawdowns
JCPI vs. FREL - Drawdown Comparison
The maximum JCPI drawdown since its inception was -7.85%, smaller than the maximum FREL drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for JCPI and FREL.
Loading graphics...
Drawdown Indicators
| JCPI | FREL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.85% | -42.61% | +34.76% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -12.42% | +9.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.61% | — |
Current DrawdownCurrent decline from peak | -0.80% | -9.53% | +8.73% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -10.05% | +8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 3.22% | -2.51% |
Volatility
JCPI vs. FREL - Volatility Comparison
The current volatility for JPMorgan Inflation Managed Bond ETF (JCPI) is 1.13%, while Fidelity MSCI Real Estate Index ETF (FREL) has a volatility of 4.59%. This indicates that JCPI experiences smaller price fluctuations and is considered to be less risky than FREL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| JCPI | FREL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 4.59% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 9.28% | -7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 16.38% | -12.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 18.84% | -14.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 20.67% | -16.12% |