JCPI vs VYM
JCPI vs VYM
JPMorgan Inflation Managed Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | JCPI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.04% | |
| AUM | $869M | $79.0B | |
| Dividend Yield | 3.81% | 2.86% | |
| Holdings | 764 | 568 | |
| YTD Return | +0.81% | +13.24% | |
| 1Y Return | +2.85% | +23.76% | |
| 3Y Return (annualized) | +5.06% | +16.97% | |
| 5Y Return (annualized) | - | +12.26% | |
| Volatility (annualized) | 5.2% | 14.6% | |
| Max Drawdown | -7.8% | -58.8% | |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 8, 2022 | Nov 10, 2006 |
JCPI vs VYM Performance
JPMorgan Inflation Managed Bond ETF (JCPI) is a ETF from J.P. Morgan Asset Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year JCPI returned +2.85% while VYM returned +23.76%. Year to date, JCPI is up 0.81% versus a gain of 13.24% for VYM.
Over three years, JCPI compounded at +5.06% per year against +16.97% for VYM. Across the full 4-year window we track, VYM has the edge at +6.96% annualized vs +2.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JCPI charges 0.25% per year while VYM charges 0.04%. On a $10,000 position that is $25 vs $4 annually, a gap of $21 per year that compounds over a long holding period. On income, JCPI currently yields 3.81% against 2.86% for VYM.
Holdings Overlap
JCPI and VYM share 0 holdings out of 1002 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, JCPI or VYM?
JCPI has an expense ratio of 0.25% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, JCPI or VYM?
Over the past year JCPI returned +2.85% vs +23.76% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), JCPI annualized +2.77% vs +6.96% for VYM. Past performance does not guarantee future results.
Which is riskier, JCPI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 5.2% for JCPI. Worst drawdown: JCPI -7.8% vs VYM -58.8%.
Should I hold both JCPI and VYM?
JCPI and VYM have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JCPI and VYM?
JCPI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1002 unique securities.
Which pays a higher dividend, JCPI or VYM?
JCPI yields 3.81% while VYM yields 2.86%, so JCPI currently pays the higher dividend yield.
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