SCHI vs. JCPI

Last updated Jun 9, 2026

SCHI (Schwab 5-10 Year Corporate Bond ETF) and JCPI (JPMorgan Inflation Managed Bond ETF) are both exchange-traded funds - SCHI is a Corporate Bonds fund tracking the Bloomberg US Aggregate Credit - Corporate (5-10 Y), while JCPI is a Inflation-Protected Bonds fund actively managed by JPMorgan. SCHI is passively managed, while JCPI is actively managed. Over the past 3 years, SCHI returned 6.07%/yr vs 5.20%/yr for JCPI. A 0.72 correlation means they provide meaningful diversification when combined. SCHI charges 0.05%/yr vs 0.25%/yr for JCPI.

Performance

SCHI vs. JCPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 5-10 Year Corporate Bond ETF (SCHI) 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, SCHI achieves a -0.25% return, which is significantly lower than JCPI's 1.12% return.

SCHI

• 1D: -0.04%
• 1M: -0.74%
• YTD: -0.25%
• 6M: 0.06%
• 1Y: 6.09%
• 3Y*: 6.07%
• 5Y*: 1.08%
• 10Y*: —

JCPI

• 1D: -0.10%
• 1M: -0.88%
• YTD: 1.12%
• 6M: 1.07%
• 1Y: 5.14%
• 3Y*: 5.20%
• 5Y*: —
• 10Y*: —

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

SCHI vs. JCPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SCHI Schwab 5-10 Year Corporate Bond ETF	-0.25%	9.47%	3.32%	8.97%	-5.38%
JCPI JPMorgan Inflation Managed Bond ETF	1.12%	7.10%	4.70%	5.04%	-5.53%

Correlation

The correlation between SCHI and JCPI is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022	0.72

The correlation between SCHI and JCPI has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

SCHI vs. JCPI - Sectors Allocation Comparison

Sectors	SCHI	JCPI
Financial Services	28.9%	8.2%
Utilities	9.0%	3.2%
Technology	8.8%	7.4%
Healthcare	7.9%	4.4%
Industrials	6.2%	0.9%
Consumer Cyclical	5.7%	1.2%
Communication Services	5.5%	9.8%
Energy	5.0%	1.2%
Real Estate	4.9%	4.8%
Consumer Defensive	4.5%	0.4%
Basic Materials	1.6%	37.1%

Return for Risk

SCHI vs. JCPI — Risk / Return Rank

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

SCHI

SCHI Risk / Return Rank: 46
SCHI Sharpe Ratio Rank: 47
SCHI Sortino Ratio Rank: 49
SCHI Omega Ratio Rank: 45
SCHI Calmar Ratio Rank: 45
SCHI Martin Ratio Rank: 45

JCPI

JCPI Risk / Return Rank: 64
JCPI Sharpe Ratio Rank: 58
JCPI Sortino Ratio Rank: 66
JCPI Omega Ratio Rank: 60
JCPI Calmar Ratio Rank: 71
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.

SCHI vs. JCPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab 5-10 Year Corporate Bond ETF (SCHI) 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.

	SCHI	JCPI	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.77	-0.28
Sortino ratio: Return per unit of downside risk	2.19	2.73	-0.54
Omega ratio: Gain probability vs. loss probability	1.26	1.33	-0.07
Calmar ratio: Return relative to maximum drawdown	2.03	3.22	-1.19
Martin ratio: Return relative to average drawdown	6.77	11.00	-4.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHI vs. JCPI - Sharpe Ratio Comparison

The current SCHI Sharpe Ratio is 1.49, which is comparable to the JCPI Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of SCHI 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

	SCHI	JCPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.77	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.64	-0.36

Drawdowns

SCHI vs. JCPI - Drawdown Comparison

The maximum SCHI drawdown since its inception was -20.67%, which is greater than JCPI's maximum drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for SCHI and JCPI.

Drawdown Indicators

	SCHI	JCPI	Difference
Max Drawdown Largest peak-to-trough decline	-20.67%	-7.85%	-12.82%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-1.60%	-1.41%
Max Drawdown (3Y) Largest decline over 3 years	-6.14%	-2.81%	-3.33%
Max Drawdown (5Y) Largest decline over 5 years	-20.67%	—	—
Current Drawdown Current decline from peak	-1.80%	-0.96%	-0.84%
Average Drawdown Average peak-to-trough decline	-5.70%	-1.86%	-3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	0.47%	+0.43%

Volatility

SCHI vs. JCPI - Volatility Comparison

Schwab 5-10 Year Corporate Bond ETF (SCHI) has a higher volatility of 1.33% compared to JPMorgan Inflation Managed Bond ETF (JCPI) at 0.95%. This indicates that SCHI's price experiences larger fluctuations and is considered to be riskier than JCPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHI	JCPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	0.95%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	3.14%	2.08%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	2.92%	+1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.66%	4.50%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.40%	4.50%	+2.90%

SCHI vs. JCPI - Expense Ratio Comparison

SCHI has a 0.05% 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

SCHI vs. JCPI - Dividend Comparison

SCHI's dividend yield for the trailing twelve months is around 5.07%, more than JCPI's 3.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JCPI JPMorgan Inflation Managed Bond ETF	3.96%	3.93%	3.98%	3.45%	3.29%	0.00%	0.00%	0.00%
SCHI Schwab 5-10 Year Corporate Bond ETF	5.07%	4.99%	5.11%	4.27%	3.10%	1.93%	2.31%	0.53%

Frequently Asked Questions

Can I hold both SCHI and JCPI in my portfolio?

SCHI and JCPI have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHI or JCPI?

SCHI has higher volatility (1.33%) compared to JCPI (0.95%). In terms of maximum drawdown, SCHI dropped -20.67% vs JCPI's -7.85%.

Which ETF is better, SCHI or JCPI?

On 3-year performance, SCHI leads with 6.07% vs 5.20% for JCPI. On fees, SCHI is cheaper at 0.05% per year. On volatility, JCPI has been the lower-risk option at 0.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHI or JCPI?

Over the 3-year period, SCHI has performed better with a 6.07% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHI or JCPI?

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

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

SCHI has the higher dividend yield at 5.07%, compared with 3.96% for JCPI.

What is the main difference between SCHI and JCPI?

SCHI is categorized as Corporate Bonds, while JCPI is Inflation-Protected Bonds. They also come from different issuers: Charles Schwab and JPMorgan. Their fees differ too: 0.05% for SCHI and 0.25% for JCPI.

Which has better risk-adjusted returns?

JCPI currently has the higher Sharpe Ratio (1.77 vs 1.49), 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.