J.P. Morgan Exchange-Traded Fund ETF (JCPI) Performance
JCPI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.2% since Dec 31, 2025
- 1 year
- +0.5% total return
- 3 years
- +5.9% a year
- Since first price
- +2.7% a year since 2022
JCPI trailing returns vs AGG, TLT, SPY
| Period | JCPI total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.2% | +0.9% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.9% | −1.8% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.6% | −4.0% | −1.5% | −3.8% | +7.8% |
| YTD | +1.2% | −3.0% | −1.0% | −3.4% | +12.3% |
| 1 year | +0.5% | −4.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +18.9%+5.9%/yr | +4.4% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionApr 11, 2022 | +12.6%+2.7%/yr | −6.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JCPI vs AGG
From Apr 11, 2022: JCPI grew to $11,260, AGG to $10,765.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JCPI returns by calendar year
3 of 3 full years positive. Best 2025 (+7.1%), worst 2024 (+4.7%). 2026 is year to date.
JCPI annual returns table
| Year | JCPI | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.2% | −3.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.1% | −2.8% | +7.2% | +4.3% | +17.7% |
| 2024 | +4.7% | −2.3% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.0% | −4.6% | +5.7% | +2.8% | +26.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JCPI largest drawdowns
Now 1.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 1, 2022 | −7.9% | Sep 30, 2022 | May 15, 2024 | 2 months | 1.8 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
JCPI risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +5.1% | +2.4% |
| Volatility (annualized) | 3.7% | 5.3% |
| Sharpe ratio | 0.19 | -0.29 |
| Sortino ratio | 0.27 | -0.36 |
| Best month | +2.3% | +3.3% |
| Worst month | −2.5% | −5.6% |
| Best 12 months | +10.5% | +10.5% |
| Worst 12 months | −0.4% | −3.4% |
| Positive months | 72% | 62% |
| Beta vs S&P 500 | 0.13 | — |
| Correlation with S&P 500 | 0.44 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JCPI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 43 | −3.4% | +5.0% | +10.5% | 86% |
| 3-year (a year) | 19 | +2.6% | +5.2% | +6.3% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
JCPI performance overview
J.P. Morgan Exchange-Traded Fund ETF (JCPI) returned +0.5% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +2.7% a year, turning $10,000 into about $11,260. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −7.9%, from Aug 1, 2022 to Sep 30, 2022, and it took 1.6 years to get back to the old high. JCPI finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+7.1%) and the worst 2024 (+4.7%). Volatility has been 5.3% a year.
Related: JCPI chart, JCPI dividends, JCPI bond profile. See the JCPI overview for the latest quote and fund facts.
JCPI performance FAQ
What is the JCPI return over the past year?
JCPI returned +0.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.7%.
How much would $10,000 invested in JCPI be worth?
$10,000 invested in JCPI at its first recorded close on April 11, 2022 would be worth about $11,260 on October 23, 2026 with distributions reinvested.
What was the worst year for JCPI?
The worst calendar year was 2024, with a total return of +4.7%. The best was 2025 at +7.1%.
What is the biggest drawdown of JCPI?
The largest peak-to-trough decline was −7.9% between August 1, 2022 and September 30, 2022. It recovered to the old high on May 15, 2024, 1.6 years after the bottom.
How volatile is JCPI?
Over the past 3 years JCPI had an annualized volatility of 3.7% and a Sharpe ratio of 0.19 (excess return over 1–3 month T-bills per unit of risk).