JCPI vs VTI
JPMorgan Inflation Managed Bond ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, JCPI or VTI?
Inflation Protection against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JCPI | VTI |
|---|---|---|
| Expense Ratio | 0.25% | 0.03%Best |
| AUM | $897M | $666.9B |
| Dividend Yield | 4.44% | 1.03% |
| Holdings | 790 | 3,543 |
| YTD Return | -0.18% | +11.53%Best |
| 1Y Return | -0.65% | +15.74%Best |
| 3Y Return (annualized) | +4.88% | +20.67%Best |
| 5Y Return (annualized) | - | +11.59% |
| Volatility (annualized) | 5.2%Best | 15.4% |
| Max Drawdown | -7.8%Best | -19.4% |
| $10,000 over 4.4 years | $11,129 | $17,895Best |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Inflation Protection | Large Cap Blend |
| Inception | Apr 8, 2022 | May 24, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: Apr 12, 2022 to Sep 15, 2026 (4.4 years).
JCPI vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.4 years both funds cover.
JCPI vs VTI Performance
JPMorgan Inflation Managed Bond ETF (JCPI) is an ETF from J.P. Morgan Asset Management and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year JCPI returned -0.65% while VTI returned +15.74%. Year to date, JCPI is down 0.18% versus a gain of 11.53% for VTI.
Over three years, JCPI compounded at +4.88% per year against +20.67% for VTI. Across the full 4-year window we track, VTI has the edge at +14.14% annualized vs +2.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -7.8% for JCPI and -19.4% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JCPI charges 0.25% per year while VTI charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, JCPI currently yields 4.44% against 1.03% for VTI.
Holdings Overlap
At least 0.1% of VTI's money is in holdings JCPI also owns.
Stated as a floor: for JCPI, our book for it covers 51.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 382 positions we hold weights for in JCPI and 3,463 in VTI, against full books of 790 and 3,543.
Top Shared Holdings
| Stock | Weight in JCPI | Weight in VTI | Difference |
|---|---|---|---|
| TMUST-Mobile Usa, Inc. 3.875% 15-Apr-2030 | 0.14% | 0.10% | 0.04% |
You are not choosing between two funds in isolation.
Whichever of JCPI and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JCPI or VTI?
JCPI has an expense ratio of 0.25% while VTI charges 0.03%. VTI is the cheaper option, by $22 a year on a $10,000 investment.
Which performed better, JCPI or VTI?
Over the past year JCPI returned -0.65% vs +15.74% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), JCPI annualized +2.46% vs +14.14% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JCPI or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 5.2% for JCPI. Worst drawdown: JCPI -7.8% vs VTI -19.4%.
Should I hold both JCPI and VTI?
JCPI and VTI have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JCPI or VTI?
JCPI yields 4.44% while VTI yields 1.03%, so JCPI currently pays the higher dividend yield.
Is VTI better than JCPI?
VTI has a lower expense ratio. VTI led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.