JCPUX vs. VBTIX

Last updated Jun 24, 2026

JCPUX (JPMorgan Core Plus Bond Fund Class R6) and VBTIX (Vanguard Total Bond Market Index Fund Institutional Shares) are both mutual funds - JCPUX is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Aggregate Index, while VBTIX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, JCPUX returned 2.39%/yr vs 1.50%/yr for VBTIX. Their correlation of 0.88 suggests significant overlap in exposure. JCPUX charges 0.38%/yr vs 0.03%/yr for VBTIX.

Performance

JCPUX vs. VBTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Core Plus Bond Fund Class R6 (JCPUX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCPUX achieves a 0.89% return, which is significantly higher than VBTIX's 0.12% return. Over the past 10 years, JCPUX has outperformed VBTIX with an annualized return of 2.39%, while VBTIX has yielded a comparatively lower 1.50% annualized return.

JCPUX

• 1D: -0.28%
• 1M: 0.56%
• YTD: 0.89%
• 6M: 1.04%
• 1Y: 5.44%
• 3Y*: 5.07%
• 5Y*: 0.91%
• 10Y*: 2.39%

VBTIX

• 1D: -0.31%
• 1M: 0.66%
• YTD: 0.12%
• 6M: 0.45%
• 1Y: 4.16%
• 3Y*: 3.95%
• 5Y*: 0.04%
• 10Y*: 1.50%

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

JCPUX vs. VBTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCPUX JPMorgan Core Plus Bond Fund Class R6	0.89%	8.07%	2.87%	6.46%	-12.73%	-0.10%	7.87%	8.93%	-0.05%	4.32%
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	0.12%	7.18%	1.27%	5.75%	-13.15%	-1.95%	7.75%	8.74%	-0.24%	3.56%

Correlation

The correlation between JCPUX and VBTIX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Feb 22, 2005	0.88

The correlation between JCPUX and VBTIX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

Return for Risk

JCPUX vs. VBTIX — Risk / Return Rank

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

JCPUX

JCPUX Risk / Return Rank: 34
JCPUX Sharpe Ratio Rank: 33
JCPUX Sortino Ratio Rank: 36
JCPUX Omega Ratio Rank: 34
JCPUX Calmar Ratio Rank: 37
JCPUX Martin Ratio Rank: 29

VBTIX

VBTIX Risk / Return Rank: 18
VBTIX Sharpe Ratio Rank: 18
VBTIX Sortino Ratio Rank: 19
VBTIX Omega Ratio Rank: 17
VBTIX Calmar Ratio Rank: 20
VBTIX Martin Ratio Rank: 17

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.

JCPUX vs. VBTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund Class R6 (JCPUX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX). 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.

	JCPUX	VBTIX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.12	+0.43
Sortino ratio: Return per unit of downside risk	2.29	1.69	+0.61
Omega ratio: Gain probability vs. loss probability	1.29	1.20	+0.09
Calmar ratio: Return relative to maximum drawdown	2.19	1.52	+0.67
Martin ratio: Return relative to average drawdown	6.29	4.30	+1.99

JCPUX vs. VBTIX - Sharpe Ratio Comparison

The current JCPUX Sharpe Ratio is 1.55, which is higher than the VBTIX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of JCPUX and VBTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JCPUX vs. VBTIX - Drawdown Comparison

The maximum JCPUX drawdown since its inception was -16.81%, smaller than the maximum VBTIX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for JCPUX and VBTIX.

Drawdown Indicators

	JCPUX	VBTIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.81%	-18.90%	+2.09%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-2.89%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-6.05%	-5.99%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-16.81%	-18.13%	+1.32%
Max Drawdown (10Y) Largest decline over 10 years	-16.81%	-18.90%	+2.09%
Current Drawdown Current decline from peak	-1.27%	-2.55%	+1.28%
Average Drawdown Average peak-to-trough decline	-2.30%	-2.32%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	1.02%	-0.11%

Volatility

JCPUX vs. VBTIX - Volatility Comparison

JPMorgan Core Plus Bond Fund Class R6 (JCPUX) and Vanguard Total Bond Market Index Fund Institutional Shares (VBTIX) have volatilities of 1.12% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCPUX	VBTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	1.17%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	2.88%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.72%	3.92%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.70%	6.02%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.65%	4.99%	-0.34%

JCPUX vs. VBTIX - Expense Ratio Comparison

JCPUX has a 0.38% expense ratio, which is higher than VBTIX's 0.03% expense ratio.

Dividends

JCPUX vs. VBTIX - Dividend Comparison

JCPUX's dividend yield for the trailing twelve months is around 5.07%, more than VBTIX's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCPUX JPMorgan Core Plus Bond Fund Class R6	5.07%	4.94%	4.96%	4.10%	3.45%	3.32%	4.43%	3.30%	3.15%	2.89%	2.84%	3.49%
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	4.01%	3.88%	3.69%	3.12%	2.61%	1.81%	2.41%	2.75%	2.58%	2.56%	2.54%	2.84%

Frequently Asked Questions

Can I hold both JCPUX and VBTIX in my portfolio?

With a correlation of 0.91, JCPUX and VBTIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JCPUX or VBTIX?

VBTIX has higher volatility (1.17%) compared to JCPUX (1.12%). In terms of maximum drawdown, JCPUX dropped -16.81% vs VBTIX's -18.90%.

Which has better risk-adjusted returns?

JCPUX currently has the higher Sharpe Ratio (1.55 vs 1.12), 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.