JCPI vs. VTIP
JCPI (JPMorgan Inflation Managed Bond ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. JCPI is actively managed, while VTIP is passively managed. Over the past 3 years, JCPI returned 5.05%/yr vs 5.11%/yr for VTIP. Their 0.79 correlation means they have sometimes moved together and sometimes differently. JCPI charges 0.25%/yr vs 0.03%/yr for VTIP.
Performance
JCPI vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, JCPI achieves a 0.75% return, which is significantly lower than VTIP's 1.83% return.
JCPI
- 1D
- -0.29%
- 1M
- -0.50%
- 6M
- 0.19%
- YTD
- 0.75%
- 1Y
- 2.13%
- 3Y*
- 5.05%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.69%
VTIP
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.28%
- YTD
- 1.83%
- 1Y
- 3.09%
- 3Y*
- 5.11%
- 5Y*
- 3.06%
- 10Y*
- 3.10%
- ALL TIME*
- 2.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.59M | $2.28M | $2.32M | |
| $104.26M | $116.98M | $124.63M |
JCPI vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 0.75% | 7.10% | 4.70% | 5.04% | -5.53% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.83% | 6.07% | 4.74% | 4.62% | -2.20% |
Correlation
The correlation between JCPI and VTIP is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.79 |
The correlation between JCPI and VTIP has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
JCPI vs. VTIP — Risk / Return Rank
JCPI
VTIP
JCPI vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Inflation Managed Bond ETF (JCPI) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.46 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 4.93 | -3.14 |
| Martin ratioReturn relative to average drawdown | 4.79 | 15.25 | -10.45 |
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Drawdowns
JCPI vs. VTIP - Drawdown Comparison
The maximum JCPI drawdown since its inception was -7.85%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for JCPI and VTIP.
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Drawdown Indicators
| JCPI | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.85% | -6.27% | -1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -0.71% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -2.77% | -0.98% | -1.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -1.32% | -0.23% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -1.03% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.23% | +0.37% |
Volatility
JCPI vs. VTIP - Volatility Comparison
JPMorgan Inflation Managed Bond ETF (JCPI) has a higher volatility of 0.83% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.41%. This indicates that JCPI's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JCPI | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.41% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 1.22% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 1.57% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 2.76% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 2.74% | +1.73% |
JCPI vs. VTIP - Expense Ratio Comparison
JCPI has a 0.25% expense ratio, which is higher than VTIP's 0.03% 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. VTIP - Dividend Comparison
JCPI's dividend yield for the trailing twelve months is around 4.25%, more than VTIP's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 3.91% | 3.93% | 3.98% | 3.45% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 4.15% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
JCPI and VTIP have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JCPI has higher volatility (0.83%) compared to VTIP (0.41%). In terms of maximum drawdown, JCPI dropped -7.85% vs VTIP's -6.27%.
On 3-year performance, VTIP leads with 5.11% vs 5.05% for JCPI. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VTIP has performed better with a 5.11% return vs 5.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.25% for JCPI.
VTIP has the higher dividend yield at 4.15%, compared with 3.91% for JCPI.
They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.25% for JCPI and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (2.25 vs 0.93), 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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