TIPZ vs. JCPI
Compare and contrast key facts about PIMCO Broad US TIPS Index ETF (TIPZ) and JPMorgan Inflation Managed Bond ETF (JCPI).
TIPZ and JCPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury. It was launched on Sep 3, 2009. JCPI is an actively managed fund by JPMorgan. It was launched on Mar 31, 2010.
Performance
TIPZ vs. JCPI - Performance Comparison
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TIPZ vs. JCPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 1.47% | 5.87% | 1.52% | 3.37% | -7.53% |
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, TIPZ achieves a 1.47% return, which is significantly higher than JCPI's 0.70% return.
TIPZ
- 1D
- 0.08%
- 1M
- -1.41%
- YTD
- 1.47%
- 6M
- 0.35%
- 1Y
- 2.98%
- 3Y*
- 2.97%
- 5Y*
- 1.07%
- 10Y*
- 2.40%
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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TIPZ vs. JCPI - Expense Ratio Comparison
TIPZ has a 0.20% 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
TIPZ vs. JCPI — Risk / Return Rank
TIPZ
JCPI
TIPZ vs. JCPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Broad US TIPS Index ETF (TIPZ) 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.
| TIPZ | JCPI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.65 | 1.13 | -0.48 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.63 | -0.73 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.53 | -0.34 |
Martin ratioReturn relative to average drawdown | 3.44 | 5.98 | -2.54 |
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
| TIPZ | JCPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.13 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.64 | -0.12 |
Correlation
The correlation between TIPZ and JCPI is 0.82, 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
TIPZ vs. JCPI - Dividend Comparison
TIPZ's dividend yield for the trailing twelve months is around 4.44%, more than JCPI's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPZ PIMCO Broad US TIPS Index ETF | 4.44% | 4.74% | 4.44% | 4.69% | 7.14% | 4.41% | 1.47% | 1.65% | 2.23% | 1.70% | 1.06% | 0.56% |
JCPI JPMorgan Inflation Managed Bond ETF | 3.58% | 3.93% | 3.98% | 3.45% | 3.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TIPZ vs. JCPI - Drawdown Comparison
The maximum TIPZ drawdown since its inception was -15.77%, which is greater than JCPI's maximum drawdown of -7.85%. Use the drawdown chart below to compare losses from any high point for TIPZ and JCPI.
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Drawdown Indicators
| TIPZ | JCPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.77% | -7.85% | -7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.77% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.77% | — | — |
Current DrawdownCurrent decline from peak | -2.51% | -0.80% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -1.93% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.71% | +0.28% |
Volatility
TIPZ vs. JCPI - Volatility Comparison
PIMCO Broad US TIPS Index ETF (TIPZ) has a higher volatility of 1.45% compared to JPMorgan Inflation Managed Bond ETF (JCPI) at 1.13%. This indicates that TIPZ'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.
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Volatility by Period
| TIPZ | JCPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.13% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 1.94% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 3.71% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.38% | 4.55% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 4.55% | +1.31% |