VTP vs. JCPB

Last updated Jun 25, 2026

VTP (Vanguard Total Inflation-Protected Securities ETF) and JCPB (JPMorgan Core Plus Bond ETF) are both exchange-traded funds - VTP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index 0-5, while JCPB is a Intermediate Core-Plus Bond fund actively managed by JPMorgan. VTP is passively managed, while JCPB is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. VTP charges 0.05%/yr vs 0.38%/yr for JCPB.

Performance

VTP vs. JCPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Inflation-Protected Securities ETF (VTP) and JPMorgan Core Plus Bond ETF (JCPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTP achieves a 1.10% return, which is significantly lower than JCPB's 1.31% return.

VTP

• 1D: 0.34%
• 1M: 0.22%
• YTD: 1.10%
• 6M: 1.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JCPB

• 1D: 0.43%
• 1M: 1.18%
• YTD: 1.31%
• 6M: 1.20%
• 1Y: 5.39%
• 3Y*: 5.32%
• 5Y*: 1.21%
• 10Y*: —

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

VTP vs. JCPB - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	1.10%	2.46%
JCPB JPMorgan Core Plus Bond ETF	1.31%	4.34%

Correlation

The correlation between VTP and JCPB is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.86

Return for Risk

VTP vs. JCPB — Risk / Return Rank

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

VTP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JCPB

JCPB Risk / Return Rank: 44
JCPB Sharpe Ratio Rank: 46
JCPB Sortino Ratio Rank: 48
JCPB Omega Ratio Rank: 44
JCPB Calmar Ratio Rank: 44
JCPB Martin Ratio Rank: 39

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.

VTP vs. JCPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and JPMorgan Core Plus Bond ETF (JCPB). 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.

	VTP	JCPB	Difference
Sharpe ratio: Return per unit of total volatility	—	1.45	—
Sortino ratio: Return per unit of downside risk	—	2.16	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	1.99	—
Martin ratio: Return relative to average drawdown	—	5.73	—

Drawdowns

VTP vs. JCPB - Drawdown Comparison

The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum JCPB drawdown of -16.67%. Use the drawdown chart below to compare losses from any high point for VTP and JCPB.

Drawdown Indicators

	VTP	JCPB	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-16.67%	+14.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.67%	—
Current Drawdown Current decline from peak	-0.75%	-0.76%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.52%	-4.24%	+3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	VTP	JCPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	3.74%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.35%	5.40%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.35%	5.04%	-1.69%

VTP vs. JCPB - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than JCPB's 0.38% expense ratio.

Dividends

VTP vs. JCPB - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 1.62%, less than JCPB's 4.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JCPB JPMorgan Core Plus Bond ETF	4.89%	4.90%	5.16%	4.32%	3.01%	2.19%	2.97%	3.01%
VTP Vanguard Total Inflation-Protected Securities ETF	1.62%	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VTP and JCPB in my portfolio?

VTP and JCPB have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VTP or JCPB?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VTP or JCPB?

VTP is cheaper with a 0.05% expense ratio, compared with 0.38% for JCPB.

Which ETF pays a higher dividend yield, VTP or JCPB?

JCPB has the higher dividend yield at 4.89%, compared with 1.62% for VTP.

What is the main difference between VTP and JCPB?

VTP is categorized as Inflation-Protected Bonds, while JCPB is Intermediate Core-Plus Bond. They also come from different issuers: Vanguard and JPMorgan. Their fees differ too: 0.05% for VTP and 0.38% for JCPB.