JCPI vs. SCHP
Compare and contrast key facts about JPMorgan Inflation Managed Bond ETF (JCPI) and Schwab U.S. TIPS ETF (SCHP).
JCPI and SCHP 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. SCHP is a passively managed fund by Charles Schwab that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Aug 5, 2010.
Performance
JCPI vs. SCHP - Performance Comparison
Loading graphics...
JCPI vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 0.36% | 7.10% | 4.70% | 5.04% | -5.53% |
SCHP Schwab U.S. TIPS ETF | 0.37% | 6.76% | 1.95% | 3.91% | -7.56% |
Returns By Period
The year-to-date returns for both investments are quite close, with JCPI having a 0.36% return and SCHP slightly higher at 0.37%.
JCPI
- 1D
- -0.33%
- 1M
- -0.83%
- YTD
- 0.36%
- 6M
- 0.10%
- 1Y
- 3.67%
- 3Y*
- 4.41%
- 5Y*
- —
- 10Y*
- —
SCHP
- 1D
- -0.09%
- 1M
- -1.16%
- YTD
- 0.37%
- 6M
- 0.14%
- 1Y
- 2.84%
- 3Y*
- 3.12%
- 5Y*
- 1.37%
- 10Y*
- 2.56%
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. SCHP - Expense Ratio Comparison
JCPI has a 0.25% expense ratio, which is higher than SCHP'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%.
Return for Risk
JCPI vs. SCHP — Risk / Return Rank
JCPI
SCHP
JCPI vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Inflation Managed Bond ETF (JCPI) and Schwab U.S. TIPS ETF (SCHP). 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 | SCHP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.71 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.43 | 0.98 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.03 | +0.35 |
Martin ratioReturn relative to average drawdown | 5.40 | 3.07 | +2.33 |
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 | SCHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.71 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.50 | +0.13 |
Correlation
The correlation between JCPI and SCHP is 0.83, 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.
Dividends
JCPI vs. SCHP - Dividend Comparison
JCPI's dividend yield for the trailing twelve months is around 3.65%, less than SCHP's 3.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 3.65% | 3.93% | 3.98% | 3.45% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHP Schwab U.S. TIPS ETF | 3.72% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
Drawdowns
JCPI vs. SCHP - Drawdown Comparison
The maximum JCPI drawdown since its inception was -7.85%, smaller than the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for JCPI and SCHP.
Loading graphics...
Drawdown Indicators
| JCPI | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.85% | -14.26% | +6.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.77% | -2.78% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.26% | — |
Current DrawdownCurrent decline from peak | -1.13% | -1.35% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -3.97% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.94% | -0.23% |
Volatility
JCPI vs. SCHP - Volatility Comparison
The current volatility for JPMorgan Inflation Managed Bond ETF (JCPI) is 1.17%, while Schwab U.S. TIPS ETF (SCHP) has a volatility of 1.36%. This indicates that JCPI experiences smaller price fluctuations and is considered to be less risky than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| JCPI | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.36% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 1.96% | 2.22% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.73% | 4.04% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 6.13% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 5.60% | -1.05% |