JCPI vs. ICPI
JCPI (JPMorgan Inflation Managed Bond ETF) and ICPI (iShares 0-1 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds. JCPI is actively managed, while ICPI is passively managed. At a 0.04 correlation, their price movements are largely independent. JCPI charges 0.25%/yr vs 0.09%/yr for ICPI.
Performance
JCPI vs. ICPI - Performance Comparison
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Returns By Period
In the year-to-date period, JCPI achieves a 0.71% return, which is significantly lower than ICPI's 2.48% return.
JCPI
- 1D
- -0.15%
- 1M
- -0.37%
- YTD
- 0.71%
- 6M
- 0.87%
- 1Y
- 3.62%
- 3Y*
- 4.95%
- 5Y*
- —
- 10Y*
- —
ICPI
- 1D
- 0.04%
- 1M
- -0.01%
- YTD
- 2.48%
- 6M
- 2.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JCPI vs. ICPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 0.71% | -0.07% |
ICPI iShares 0-1 Year TIPS Bond ETF | 2.48% | 0.32% |
Correlation
The correlation between JCPI and ICPI is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.04 |
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Return for Risk
JCPI vs. ICPI — Risk / Return Rank
JCPI
ICPI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JCPI vs. ICPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Inflation Managed Bond ETF (JCPI) and iShares 0-1 Year TIPS Bond ETF (ICPI). 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 | ICPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | — | — |
| Martin ratioReturn relative to average drawdown | 7.18 | — | — |
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Drawdowns
JCPI vs. ICPI - Drawdown Comparison
The maximum JCPI drawdown since its inception was -7.85%, which is greater than ICPI's maximum drawdown of -0.32%. Use the drawdown chart below to compare losses from any high point for JCPI and ICPI.
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Drawdown Indicators
| JCPI | ICPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.85% | -0.32% | -7.53% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | — | — |
Current DrawdownCurrent decline from peak | -1.35% | -0.28% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -0.04% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | — | — |
Volatility
JCPI vs. ICPI - Volatility Comparison
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Volatility by Period
| JCPI | ICPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 0.96% | +2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 0.96% | +3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 0.96% | +3.54% |
JCPI vs. ICPI - Expense Ratio Comparison
JCPI has a 0.25% expense ratio, which is higher than ICPI's 0.09% 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. ICPI - Dividend Comparison
JCPI's dividend yield for the trailing twelve months is around 3.97%, more than ICPI's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ICPI iShares 0-1 Year TIPS Bond ETF | 1.80% | 0.54% | 0.00% | 0.00% | 0.00% |
JCPI JPMorgan Inflation Managed Bond ETF | 3.97% | 3.93% | 3.98% | 3.45% | 3.29% |
Frequently Asked Questions
JCPI and ICPI have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICPI is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICPI is cheaper with a 0.09% expense ratio, compared with 0.25% for JCPI.
JCPI has the higher dividend yield at 3.97%, compared with 1.80% for ICPI.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JCPI and 0.09% for ICPI.
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