JCPI vs. IBID

Last updated Jun 24, 2026

JCPI (JPMorgan Inflation Managed Bond ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both Inflation-Protected Bonds funds. JCPI is actively managed, while IBID is passively managed. Over the past year, JCPI returned 3.62% vs 3.92% for IBID. A 0.67 correlation means they provide meaningful diversification when combined. JCPI charges 0.25%/yr vs 0.10%/yr for IBID.

Performance

JCPI vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Inflation Managed Bond ETF (JCPI) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCPI achieves a 0.71% return, which is significantly lower than IBID's 1.94% return.

JCPI

• 1D: -0.15%
• 1M: -0.37%
• YTD: 0.71%
• 6M: 0.87%
• 1Y: 3.62%
• 3Y*: 4.95%
• 5Y*: —
• 10Y*: —

IBID

• 1D: -0.05%
• 1M: -0.25%
• YTD: 1.94%
• 6M: 2.03%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JCPI vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JCPI JPMorgan Inflation Managed Bond ETF	0.71%	7.10%	4.70%	2.94%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	4.71%	2.61%

Correlation

The correlation between JCPI and IBID is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.67

Over the past year, the correlation between JCPI and IBID has dropped to 0.36 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

JCPI vs. IBID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JCPI

JCPI Risk / Return Rank: 40
JCPI Sharpe Ratio Rank: 35
JCPI Sortino Ratio Rank: 36
JCPI Omega Ratio Rank: 34
JCPI Calmar Ratio Rank: 49
JCPI Martin Ratio Rank: 46

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 94
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 95
IBID Calmar Ratio Rank: 95
IBID Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JCPI vs. IBID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Inflation Managed Bond ETF (JCPI) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.

	JCPI	IBID	Difference
Sharpe ratio: Return per unit of total volatility	1.21	3.19	-1.99
Sortino ratio: Return per unit of downside risk	1.80	5.38	-3.59
Omega ratio: Gain probability vs. loss probability	1.22	1.72	-0.50
Calmar ratio: Return relative to maximum drawdown	2.27	7.20	-4.93
Martin ratio: Return relative to average drawdown	7.18	29.14	-21.96

JCPI vs. IBID - Sharpe Ratio Comparison

The current JCPI Sharpe Ratio is 1.21, which is lower than the IBID Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of JCPI and IBID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JCPI vs. IBID - Drawdown Comparison

The maximum JCPI drawdown since its inception was -7.85%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for JCPI and IBID.

Drawdown Indicators

	JCPI	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-7.85%	-1.28%	-6.57%
Max Drawdown (1Y) Largest decline over 1 year	-1.60%	-0.55%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-2.81%	—	—
Current Drawdown Current decline from peak	-1.35%	-0.55%	-0.80%
Average Drawdown Average peak-to-trough decline	-1.85%	-0.22%	-1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.51%	0.13%	+0.38%

Volatility

JCPI vs. IBID - Volatility Comparison

JPMorgan Inflation Managed Bond ETF (JCPI) has a higher volatility of 1.16% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that JCPI's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCPI	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	0.35%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	2.21%	0.86%	+1.35%
Volatility (1Y) Calculated over the trailing 1-year period	3.02%	1.23%	+1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.50%	2.24%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.50%	2.24%	+2.26%

JCPI vs. IBID - Expense Ratio Comparison

JCPI has a 0.25% expense ratio, which is higher than IBID's 0.10% 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%.

Dividends

JCPI vs. IBID - Dividend Comparison

JCPI's dividend yield for the trailing twelve months is around 3.97%, more than IBID's 3.68% yield.

Position	TTM	2025	2024	2023	2022
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%	0.00%
JCPI JPMorgan Inflation Managed Bond ETF	3.97%	3.93%	3.98%	3.45%	3.29%

Frequently Asked Questions

Can I hold both JCPI and IBID in my portfolio?

JCPI and IBID have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCPI or IBID?

JCPI has higher volatility (1.16%) compared to IBID (0.35%). In terms of maximum drawdown, JCPI dropped -7.85% vs IBID's -1.28%.

Which ETF is better, JCPI or IBID?

On 1-year performance, IBID leads with 3.92% vs 3.62% for JCPI. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JCPI or IBID?

Over the 1-year period, IBID has performed better with a 3.92% return vs 3.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JCPI or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.25% for JCPI.

Which ETF pays a higher dividend yield, JCPI or IBID?

JCPI has the higher dividend yield at 3.97%, compared with 3.68% for IBID.

What is the main difference between JCPI and IBID?

They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JCPI and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.19 vs 1.21), 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.