JCPI vs. STIP
JCPI (JPMorgan Inflation Managed Bond ETF) and STIP (iShares 0-5 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds. JCPI is actively managed, while STIP is passively managed. Over the past 3 years, JCPI returned 5.32%/yr vs 5.23%/yr for STIP. A 0.80 correlation means they provide meaningful diversification when combined. JCPI charges 0.25%/yr vs 0.06%/yr for STIP.
Performance
JCPI vs. STIP - Performance Comparison
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Returns By Period
In the year-to-date period, JCPI achieves a 1.72% return, which is significantly lower than STIP's 2.04% return.
JCPI
- 1D
- 0.00%
- 1M
- -0.12%
- YTD
- 1.72%
- 6M
- 1.37%
- 1Y
- 5.63%
- 3Y*
- 5.32%
- 5Y*
- —
- 10Y*
- —
STIP
- 1D
- 0.00%
- 1M
- 0.03%
- YTD
- 2.04%
- 6M
- 2.03%
- 1Y
- 4.68%
- 3Y*
- 5.23%
- 5Y*
- 3.37%
- 10Y*
- 3.18%
JCPI vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 1.72% | 7.10% | 4.70% | 5.04% | -5.53% |
STIP iShares 0-5 Year TIPS Bond ETF | 2.04% | 6.03% | 4.77% | 4.63% | -2.32% |
Correlation
The correlation between JCPI and STIP is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2022 | 0.80 |
The correlation between JCPI and STIP has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
JCPI vs. STIP — Risk / Return Rank
JCPI
STIP
JCPI vs. STIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Inflation Managed Bond ETF (JCPI) and iShares 0-5 Year TIPS Bond ETF (STIP). 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 | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.69 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 6.76 | -3.23 |
| Martin ratioReturn relative to average drawdown | 12.18 | 26.37 | -14.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JCPI | STIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 3.23 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.07 | -0.39 |
Drawdowns
JCPI vs. STIP - Drawdown Comparison
The maximum JCPI drawdown since its inception was -7.85%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for JCPI and STIP.
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Drawdown Indicators
| JCPI | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.85% | -5.50% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -0.69% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -0.95% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.50% | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.03% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -0.99% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.46% | 0.18% | +0.28% |
Volatility
JCPI vs. STIP - Volatility Comparison
JPMorgan Inflation Managed Bond ETF (JCPI) has a higher volatility of 0.86% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.40%. This indicates that JCPI's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JCPI | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 0.40% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 0.99% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 1.46% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 2.75% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 2.45% | +2.05% |
JCPI vs. STIP - Expense Ratio Comparison
JCPI has a 0.25% expense ratio, which is higher than STIP's 0.06% 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. STIP - Dividend Comparison
JCPI's dividend yield for the trailing twelve months is around 3.93%, less than STIP's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 3.93% | 3.93% | 3.98% | 3.45% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.30% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% |
Frequently Asked Questions
JCPI and STIP have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JCPI has higher volatility (0.86%) compared to STIP (0.40%). In terms of maximum drawdown, JCPI dropped -7.85% vs STIP's -5.50%.
On 3-year performance, JCPI leads with 5.32% vs 5.23% for STIP. On fees, STIP is cheaper at 0.06% per year. On volatility, STIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JCPI has performed better with a 5.32% return vs 5.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
STIP is cheaper with a 0.06% expense ratio, compared with 0.25% for JCPI.
STIP has the higher dividend yield at 4.30%, compared with 3.93% for JCPI.
They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.25% for JCPI and 0.06% for STIP.
STIP currently has the higher Sharpe Ratio (3.23 vs 1.92), 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.
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