VCIT vs. JPIE
VCIT (Vanguard Intermediate-Term Corporate Bond ETF) and JPIE (JPMorgan Income ETF) are both exchange-traded funds - VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. VCIT is passively managed, while JPIE is actively managed. Over the past 3 years, VCIT returned 6.37%/yr vs 6.63%/yr for JPIE. A 0.74 correlation means they provide meaningful diversification when combined. VCIT charges 0.03%/yr vs 0.40%/yr for JPIE.
Performance
VCIT vs. JPIE - Performance Comparison
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Returns By Period
In the year-to-date period, VCIT achieves a 0.41% return, which is significantly lower than JPIE's 1.65% return.
VCIT
- 1D
- -0.07%
- 1M
- 0.96%
- YTD
- 0.41%
- 6M
- 0.89%
- 1Y
- 6.00%
- 3Y*
- 6.37%
- 5Y*
- 1.11%
- 10Y*
- 2.93%
JPIE
- 1D
- 0.02%
- 1M
- 0.76%
- YTD
- 1.65%
- 6M
- 2.12%
- 1Y
- 5.94%
- 3Y*
- 6.63%
- 5Y*
- —
- 10Y*
- —
VCIT vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 0.41% | 9.34% | 3.20% | 8.98% | -13.98% | 0.07% |
JPIE JPMorgan Income ETF | 1.65% | 7.39% | 6.32% | 7.07% | -6.13% | 0.27% |
Correlation
The correlation between VCIT and JPIE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.74 |
The correlation between VCIT and JPIE has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
VCIT vs. JPIE — Risk / Return Rank
VCIT
JPIE
VCIT vs. JPIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Corporate Bond ETF (VCIT) and JPMorgan Income ETF (JPIE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VCIT | JPIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.84 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 5.12 | -3.24 |
| Martin ratioReturn relative to average drawdown | 6.07 | 25.30 | -19.22 |
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Drawdowns
VCIT vs. JPIE - Drawdown Comparison
The maximum VCIT drawdown since its inception was -20.56%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for VCIT and JPIE.
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Drawdown Indicators
| VCIT | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.56% | -9.96% | -10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -1.15% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -6.11% | -2.40% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -20.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.56% | — | — |
Current DrawdownCurrent decline from peak | -1.13% | 0.00% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -2.08% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.23% | +0.69% |
Volatility
VCIT vs. JPIE - Volatility Comparison
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a higher volatility of 1.48% compared to JPMorgan Income ETF (JPIE) at 0.63%. This indicates that VCIT's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCIT | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 0.63% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 1.30% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 1.60% | +2.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 3.52% | +3.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 3.52% | +2.76% |
VCIT vs. JPIE - Expense Ratio Comparison
VCIT has a 0.03% expense ratio, which is lower than JPIE's 0.40% expense ratio.
Dividends
VCIT vs. JPIE - Dividend Comparison
VCIT's dividend yield for the trailing twelve months is around 4.79%, less than JPIE's 5.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 5.61% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCIT Vanguard Intermediate-Term Corporate Bond ETF | 4.79% | 4.62% | 4.43% | 3.72% | 3.03% | 2.87% | 2.78% | 3.37% | 3.61% | 3.21% | 3.29% | 3.34% |
Frequently Asked Questions
VCIT and JPIE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCIT has higher volatility (1.48%) compared to JPIE (0.63%). In terms of maximum drawdown, VCIT dropped -20.56% vs JPIE's -9.96%.
On 3-year performance, JPIE leads with 6.63% vs 6.37% for VCIT. On fees, VCIT is cheaper at 0.03% per year. On volatility, JPIE has been the lower-risk option at 0.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JPIE has performed better with a 6.63% return vs 6.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCIT is cheaper with a 0.03% expense ratio, compared with 0.40% for JPIE.
JPIE has the higher dividend yield at 5.61%, compared with 4.79% for VCIT.
VCIT is categorized as Corporate Bonds, while JPIE is Multisector Bonds. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.03% for VCIT and 0.40% for JPIE.
JPIE currently has the higher Sharpe Ratio (3.68 vs 1.36), 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.
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