JCPI vs. VTP

Last updated Jun 5, 2026

JCPI (JPMorgan Inflation Managed Bond ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. JCPI is actively managed, while VTP is passively managed. A 0.77 correlation means they provide meaningful diversification when combined. JCPI charges 0.25%/yr vs 0.05%/yr for VTP.

Performance

JCPI vs. VTP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Inflation Managed Bond ETF (JCPI) and Vanguard Total Inflation-Protected Securities ETF (VTP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCPI achieves a 1.65% return, which is significantly higher than VTP's 1.51% return.

JCPI

• 1D: -0.07%
• 1M: -0.27%
• YTD: 1.65%
• 6M: 1.28%
• 1Y: 5.11%
• 3Y*: 5.33%
• 5Y*: —
• 10Y*: —

VTP

• 1D: -0.04%
• 1M: -0.03%
• YTD: 1.51%
• 6M: 1.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JCPI vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
JCPI JPMorgan Inflation Managed Bond ETF	1.65%	2.23%
VTP Vanguard Total Inflation-Protected Securities ETF	1.51%	2.27%

Correlation

The correlation between JCPI and VTP is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.77

Return for Risk

JCPI vs. VTP — Risk / Return Rank

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

JCPI

JCPI Risk / Return Rank: 58
JCPI Sharpe Ratio Rank: 52
JCPI Sortino Ratio Rank: 58
JCPI Omega Ratio Rank: 53
JCPI Calmar Ratio Rank: 65
JCPI Martin Ratio Rank: 63

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. VTP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Inflation Managed Bond ETF (JCPI) and Vanguard Total Inflation-Protected Securities ETF (VTP). 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	VTP	Difference
Sharpe ratio: Return per unit of total volatility	1.76	—	—
Sortino ratio: Return per unit of downside risk	2.72	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.21	—	—
Martin ratio: Return relative to average drawdown	11.08	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JCPI	VTP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	1.30	-0.62

Drawdowns

JCPI vs. VTP - Drawdown Comparison

The maximum JCPI drawdown since its inception was -7.85%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for JCPI and VTP.

Drawdown Indicators

	JCPI	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-7.85%	-1.92%	-5.93%
Max Drawdown (1Y) Largest decline over 1 year	-1.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.81%	—	—
Current Drawdown Current decline from peak	-0.44%	-0.34%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.87%	-0.52%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	—	—

Volatility

Volatility by Period

	JCPI	VTP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.94%	3.26%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.50%	3.26%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.50%	3.26%	+1.24%

JCPI vs. VTP - Expense Ratio Comparison

JCPI has a 0.25% expense ratio, which is higher than VTP'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%.

Dividends

JCPI vs. VTP - Dividend Comparison

JCPI's dividend yield for the trailing twelve months is around 3.94%, more than VTP's 1.61% yield.

Position	TTM	2025	2024	2023	2022
JCPI JPMorgan Inflation Managed Bond ETF	3.94%	3.93%	3.98%	3.45%	3.29%
VTP Vanguard Total Inflation-Protected Securities ETF	1.61%	1.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JCPI and VTP in my portfolio?

JCPI and VTP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JCPI or VTP?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JCPI or VTP?

VTP is cheaper with a 0.05% expense ratio, compared with 0.25% for JCPI.

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

JCPI has the higher dividend yield at 3.94%, compared with 1.61% for VTP.

What is the main difference between JCPI and VTP?

They also come from different issuers: JPMorgan and Vanguard. Their fees differ too: 0.25% for JCPI and 0.05% for VTP.