PBTP vs. JCPI
Compare and contrast key facts about Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) and JPMorgan Inflation Managed Bond ETF (JCPI).
PBTP and JCPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBTP is a passively managed fund by Invesco that tracks the performance of the ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y). It was launched on Sep 22, 2017. JCPI is an actively managed fund by JPMorgan. It was launched on Mar 31, 2010.
Performance
PBTP vs. JCPI - Performance Comparison
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PBTP vs. JCPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 1.05% | 5.98% | 4.72% | 4.53% | -2.27% |
JCPI JPMorgan Inflation Managed Bond ETF | 0.70% | 7.10% | 4.70% | 5.04% | -5.53% |
Returns By Period
In the year-to-date period, PBTP achieves a 1.05% return, which is significantly higher than JCPI's 0.70% return.
PBTP
- 1D
- 0.04%
- 1M
- 0.10%
- YTD
- 1.05%
- 6M
- 1.35%
- 1Y
- 3.94%
- 3Y*
- 4.63%
- 5Y*
- 3.45%
- 10Y*
- —
JCPI
- 1D
- 0.38%
- 1M
- -0.80%
- YTD
- 0.70%
- 6M
- 0.77%
- 1Y
- 4.18%
- 3Y*
- 4.53%
- 5Y*
- —
- 10Y*
- —
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PBTP vs. JCPI - Expense Ratio Comparison
PBTP has a 0.07% 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%.
Return for Risk
PBTP vs. JCPI — Risk / Return Rank
PBTP
JCPI
PBTP vs. JCPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) 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.
| PBTP | JCPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 1.13 | +0.87 |
Sortino ratioReturn per unit of downside risk | 3.02 | 1.63 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.53 | +2.38 |
Martin ratioReturn relative to average drawdown | 12.96 | 5.98 | +6.98 |
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
| PBTP | JCPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.13 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.64 | +0.63 |
Correlation
The correlation between PBTP and JCPI is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PBTP vs. JCPI - Dividend Comparison
PBTP's dividend yield for the trailing twelve months is around 3.14%, less than JCPI's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 3.14% | 3.82% | 2.59% | 2.36% | 5.33% | 3.12% | 1.25% | 2.12% | 2.33% | 0.73% |
JCPI JPMorgan Inflation Managed Bond ETF | 3.23% | 3.93% | 3.98% | 3.45% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBTP vs. JCPI - Drawdown Comparison
The maximum PBTP drawdown since its inception was -5.44%, smaller than the maximum JCPI drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for PBTP and JCPI.
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Drawdown Indicators
| PBTP | JCPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.44% | -7.85% | +2.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -2.77% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -5.44% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.80% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -1.93% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 0.71% | -0.40% |
Volatility
PBTP vs. JCPI - Volatility Comparison
The current volatility for Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) is 0.56%, while JPMorgan Inflation Managed Bond ETF (JCPI) has a volatility of 1.13%. This indicates that PBTP 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.
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Volatility by Period
| PBTP | JCPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 1.13% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 1.94% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.97% | 3.71% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 4.55% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.66% | 4.55% | -1.89% |