IVV vs JCPI
iShares Core S&P 500 ETF vs JPMorgan Inflation Managed Bond ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. JCPI offers more diversification with 790 holdings.
Side-by-Side Comparison
| Metric | IVV | JCPI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $907.0B | $881M | |
| Dividend Yield | 1.10% | 4.25% | |
| Holdings | 508 | 790 | |
| YTD Return | +12.71% | +1.19% | |
| 1Y Return | +21.89% | +2.34% | |
| 3Y Return (annualized) | +22.08% | +5.51% | |
| 5Y Return (annualized) | +12.96% | - | |
| Volatility (annualized) | 15.1% | 5.2% | |
| Max Drawdown | -56.5% | -7.8% | |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Apr 8, 2022 |
IVV vs JCPI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and JPMorgan Inflation Managed Bond ETF (JCPI) is a ETF from J.P. Morgan Asset Management. Over the past year IVV returned +21.89% while JCPI returned +2.34%. Year to date, IVV is up 12.71% versus a gain of 1.19% for JCPI.
Over three years, IVV compounded at +22.08% per year against +5.51% for JCPI. Across the full 4-year window we track, IVV has the edge at +7.00% annualized vs +2.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.2% for JCPI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -7.8% for JCPI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.71. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JCPI charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 4.25% for JCPI.
Holdings Overlap
IVV and JCPI share 0 holdings out of 538 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or JCPI?
IVV has an expense ratio of 0.03% while JCPI charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or JCPI?
Over the past year IVV returned +21.89% vs +2.34% for JCPI, so IVV leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +7.00% vs +2.82% for JCPI. Past performance does not guarantee future results.
Which is riskier, IVV or JCPI?
IVV has been the more volatile fund at 15.1% annualized versus 5.2% for JCPI. Worst drawdown: IVV -56.5% vs JCPI -7.8%.
Should I hold both IVV and JCPI?
IVV and JCPI have a monthly-return correlation of 0.71, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JCPI?
IVV and JCPI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 538 unique securities.
Which pays a higher dividend, IVV or JCPI?
IVV yields 1.10% while JCPI yields 4.25%, so JCPI currently pays the higher dividend yield.
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