TDTF vs. JCPI
TDTF (FlexShares iBoxx 5-Year Target Duration TIPS Index Fund) and JCPI (JPMorgan Inflation Managed Bond ETF) are both Inflation-Protected Bonds funds. TDTF is passively managed, while JCPI is actively managed. Over the past 3 years, TDTF returned 4.46%/yr vs 5.33%/yr for JCPI. Their correlation of 0.84 suggests significant overlap in exposure. TDTF charges 0.18%/yr vs 0.25%/yr for JCPI.
Performance
TDTF vs. JCPI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TDTF achieves a 1.52% return, which is significantly lower than JCPI's 1.65% return.
TDTF
- 1D
- 0.00%
- 1M
- -0.28%
- YTD
- 1.52%
- 6M
- 1.29%
- 1Y
- 4.72%
- 3Y*
- 4.46%
- 5Y*
- 1.72%
- 10Y*
- 2.94%
JCPI
- 1D
- -0.07%
- 1M
- -0.27%
- YTD
- 1.65%
- 6M
- 1.28%
- 1Y
- 5.11%
- 3Y*
- 5.33%
- 5Y*
- —
- 10Y*
- —
TDTF vs. JCPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 1.52% | 7.83% | 2.40% | 4.10% | -6.00% |
JCPI JPMorgan Inflation Managed Bond ETF | 1.65% | 7.10% | 4.70% | 5.04% | -5.53% |
Correlation
The correlation between TDTF and JCPI is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2022 | 0.84 |
The correlation between TDTF and JCPI has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TDTF vs. JCPI — Risk / Return Rank
TDTF
JCPI
TDTF vs. JCPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) 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.
| TDTF | JCPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.21 | -0.22 |
| Martin ratioReturn relative to average drawdown | 10.06 | 11.08 | -1.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TDTF | JCPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.76 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.67 | -0.20 |
Drawdowns
TDTF vs. JCPI - Drawdown Comparison
The maximum TDTF drawdown since its inception was -12.02%, which is greater than JCPI's maximum drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for TDTF and JCPI.
Loading charts...
Drawdown Indicators
| TDTF | JCPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.02% | -7.85% | -4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -1.58% | -1.60% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.79% | -2.81% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.02% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.44% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -1.87% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.46% | +0.02% |
Volatility
TDTF vs. JCPI - Volatility Comparison
The current volatility for FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is 0.71%, while JPMorgan Inflation Managed Bond ETF (JCPI) has a volatility of 0.86%. This indicates that TDTF 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.
Loading charts...
Volatility by Period
| TDTF | JCPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 0.86% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 2.04% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 2.94% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 4.50% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 4.50% | +0.57% |
TDTF vs. JCPI - Expense Ratio Comparison
TDTF has a 0.18% 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
TDTF vs. JCPI - Dividend Comparison
TDTF's dividend yield for the trailing twelve months is around 4.71%, more than JCPI's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCPI JPMorgan Inflation Managed Bond ETF | 3.94% | 3.93% | 3.98% | 3.45% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 4.71% | 4.58% | 3.98% | 3.97% | 7.60% | 4.55% | 1.13% | 1.80% | 2.60% | 2.20% | 1.51% | 0.21% |
Frequently Asked Questions
TDTF and JCPI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JCPI has higher volatility (0.86%) compared to TDTF (0.71%). In terms of maximum drawdown, TDTF dropped -12.02% vs JCPI's -7.85%.
On 3-year performance, JCPI leads with 5.33% vs 4.46% for TDTF. On fees, TDTF is cheaper at 0.18% per year. On volatility, TDTF has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JCPI has performed better with a 5.33% return vs 4.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDTF is cheaper with a 0.18% expense ratio, compared with 0.25% for JCPI.
TDTF has the higher dividend yield at 4.71%, compared with 3.94% for JCPI.
They also come from different issuers: Northern Trust and JPMorgan. Their fees differ too: 0.18% for TDTF and 0.25% for JCPI.
JCPI currently has the higher Sharpe Ratio (1.76 vs 1.56), 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.
Find the right allocation for TDTF and JCPI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer