LDRI vs. JCPI

Last updated Jun 4, 2026

LDRI (iShares iBonds 1-5 Year TIPS Ladder ETF) and JCPI (JPMorgan Inflation Managed Bond ETF) are both Inflation-Protected Bonds funds. LDRI is passively managed, while JCPI is actively managed. Over the past year, LDRI returned 4.51% vs 5.63% for JCPI. A 0.52 correlation means they provide meaningful diversification when combined. LDRI charges 0.10%/yr vs 0.25%/yr for JCPI.

Performance

LDRI vs. JCPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) and JPMorgan Inflation Managed Bond ETF (JCPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDRI achieves a 1.92% return, which is significantly higher than JCPI's 1.72% return.

LDRI

• 1D: 0.00%
• 1M: 0.02%
• YTD: 1.92%
• 6M: 2.12%
• 1Y: 4.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JCPI

• 1D: 0.00%
• 1M: -0.12%
• YTD: 1.72%
• 6M: 1.37%
• 1Y: 5.63%
• 3Y*: 5.32%
• 5Y*: —
• 10Y*: —

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

LDRI vs. JCPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF	1.92%	5.94%	0.10%
JCPI JPMorgan Inflation Managed Bond ETF	1.72%	7.10%	-0.35%

Correlation

The correlation between LDRI and JCPI is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024	0.52

The correlation between LDRI and JCPI has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.

Return for Risk

LDRI vs. JCPI — Risk / Return Rank

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

LDRI

LDRI Risk / Return Rank: 85
LDRI Sharpe Ratio Rank: 74
LDRI Sortino Ratio Rank: 82
LDRI Omega Ratio Rank: 87
LDRI Calmar Ratio Rank: 94
LDRI Martin Ratio Rank: 89

JCPI

JCPI Risk / Return Rank: 63
JCPI Sharpe Ratio Rank: 56
JCPI Sortino Ratio Rank: 63
JCPI Omega Ratio Rank: 58
JCPI Calmar Ratio Rank: 70
JCPI Martin Ratio Rank: 66

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.

LDRI vs. JCPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) and JPMorgan Inflation Managed Bond ETF (JCPI). 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.

	LDRI	JCPI	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.92	+0.49
Sortino ratio: Return per unit of downside risk	3.67	2.99	+0.68
Omega ratio: Gain probability vs. loss probability	1.54	1.36	+0.18
Calmar ratio: Return relative to maximum drawdown	7.56	3.54	+4.02
Martin ratio: Return relative to average drawdown	20.35	12.18	+8.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDRI vs. JCPI - Sharpe Ratio Comparison

The current LDRI Sharpe Ratio is 2.41, which is comparable to the JCPI Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of LDRI and JCPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LDRI	JCPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	1.92	+0.49
Sharpe Ratio (All Time) Calculated using the full available price history	2.26	0.68	+1.59

Drawdowns

LDRI vs. JCPI - Drawdown Comparison

The maximum LDRI drawdown since its inception was -0.85%, smaller than the maximum JCPI drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for LDRI and JCPI.

Drawdown Indicators

	LDRI	JCPI	Difference
Max Drawdown Largest peak-to-trough decline	-0.85%	-7.85%	+7.00%
Max Drawdown (1Y) Largest decline over 1 year	-0.60%	-1.60%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.81%	—
Current Drawdown Current decline from peak	-0.04%	-0.36%	+0.32%
Average Drawdown Average peak-to-trough decline	-0.20%	-1.87%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	0.46%	-0.24%

Volatility

LDRI vs. JCPI - Volatility Comparison

The current volatility for iShares iBonds 1-5 Year TIPS Ladder ETF (LDRI) is 0.46%, while JPMorgan Inflation Managed Bond ETF (JCPI) has a volatility of 0.86%. This indicates that LDRI experiences smaller price fluctuations and is considered to be less risky than JCPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDRI	JCPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	0.86%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	1.38%	2.05%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	1.88%	2.95%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.28%	4.50%	-2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.28%	4.50%	-2.22%

LDRI vs. JCPI - Expense Ratio Comparison

LDRI has a 0.10% expense ratio, which is lower than JCPI's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LDRI vs. JCPI - Dividend Comparison

LDRI's dividend yield for the trailing twelve months is around 3.52%, less than JCPI's 3.93% yield.

Position	TTM	2025	2024	2023	2022
JCPI JPMorgan Inflation Managed Bond ETF	3.93%	3.93%	3.98%	3.45%	3.29%
LDRI iShares iBonds 1-5 Year TIPS Ladder ETF	3.52%	4.23%	0.83%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LDRI and JCPI in my portfolio?

LDRI and JCPI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LDRI or JCPI?

JCPI has higher volatility (0.86%) compared to LDRI (0.46%). In terms of maximum drawdown, LDRI dropped -0.85% vs JCPI's -7.85%.

Which ETF is better, LDRI or JCPI?

On 1-year performance, JCPI leads with 5.63% vs 4.51% for LDRI. On fees, LDRI is cheaper at 0.10% per year. On volatility, LDRI has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LDRI or JCPI?

Over the 1-year period, JCPI has performed better with a 5.63% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LDRI or JCPI?

LDRI is cheaper with a 0.10% expense ratio, compared with 0.25% for JCPI.

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

JCPI has the higher dividend yield at 3.93%, compared with 3.52% for LDRI.

What is the main difference between LDRI and JCPI?

They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.10% for LDRI and 0.25% for JCPI.

Which has better risk-adjusted returns?

LDRI currently has the higher Sharpe Ratio (2.41 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.