JP Morgan Moderate

Asset Allocation

Position	Category/Sector	Target Weight
ICSH iShares Ultra Short Duration Bond Active ETF	Ultrashort Bond	2%
JCMAX JPMorgan Mid Cap Equity Fund Class A	Mid Cap Blend Equities	4.10%
JEMSX JPMorgan Emerging Markets Equity Fund Class I	Emerging Markets Equities	3%
JMUEX JPMorgan U.S. Equity Fund	Large Cap Blend Equities	35.10%
VSEAX JPMorgan Small Cap Equity Fund	Small Cap Blend Equities	2.10%
VSIEX JPMorgan International Equity Fund	Foreign Large Cap Equities	14.70%
WOBDX JPMorgan Core Bond Fund	Intermediate Core Bond	39%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in JP Morgan Moderate, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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The earliest data available for this chart is Dec 13, 2013, corresponding to the inception date of ICSH

Returns By Period

As of Apr 2, 2026, the JP Morgan Moderate returned -2.00% Year-To-Date and 8.44% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio JP Morgan Moderate	0.00%	-2.74%	-2.00%	-1.35%	9.91%	10.86%	5.82%	8.44%
Portfolio components:
VSIEX JPMorgan International Equity Fund	3.06%	-6.25%	1.18%	2.58%	16.42%	11.82%	5.87%	8.43%
JEMSX JPMorgan Emerging Markets Equity Fund Class I	1.68%	-2.11%	5.91%	10.14%	42.04%	16.13%	1.87%	9.55%
ICSH iShares Ultra Short Duration Bond Active ETF	0.06%	0.20%	0.85%	1.93%	4.51%	5.23%	3.57%	2.72%
WOBDX JPMorgan Core Bond Fund	0.00%	-1.37%	0.12%	0.64%	4.21%	3.84%	0.60%	1.99%
VSEAX JPMorgan Small Cap Equity Fund	2.86%	-7.32%	-2.19%	-1.27%	2.11%	4.99%	1.04%	7.85%
JCMAX JPMorgan Mid Cap Equity Fund Class A	2.40%	-5.63%	-0.34%	-0.45%	9.96%	11.95%	5.78%	10.72%
JMUEX JPMorgan U.S. Equity Fund	0.84%	-4.17%	-6.90%	-6.56%	11.65%	18.29%	11.69%	14.73%

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

Monthly Returns

Based on dividend-adjusted daily data since Dec 16, 2013, JP Morgan Moderate's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, your investment would double in approximately 9.1 years.

Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +7.8%, while the worst month was Mar 2020 at -8.0%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 4 months.

On a daily basis, JP Morgan Moderate closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +4.7%, while the worst single day was Mar 16, 2020 at -6.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	1.45%	0.96%	-4.65%	0.35%									-2.00%
2025	2.10%	0.53%	-2.20%	0.24%	3.12%	3.22%	0.81%	1.76%	2.15%	0.74%	0.20%	0.07%	13.39%
2024	0.19%	2.58%	2.42%	-3.19%	3.31%	1.36%	2.04%	1.83%	1.61%	-2.14%	2.85%	-0.59%	12.73%
2023	5.66%	-2.30%	2.44%	0.97%	-0.71%	3.20%	1.72%	-1.77%	-3.60%	-1.91%	6.77%	4.60%	15.47%
2022	-4.10%	-2.07%	-0.17%	-6.10%	0.14%	-5.06%	5.22%	-3.47%	-6.67%	2.94%	6.49%	-3.20%	-15.81%
2021	-0.70%	1.12%	0.96%	3.50%	0.66%	0.66%	1.63%	1.42%	-3.13%	3.91%	-1.18%	2.40%	11.60%

Benchmark Metrics

JP Morgan Moderate has an annualized alpha of 1.21%, beta of 0.54, and R² of 0.92 versus S&P 500 Index. Calculated based on daily prices since December 16, 2013.

This portfolio participated in 63.99% of S&P 500 Index downside but only 58.49% of its upside — more exposed to losses than it benefited from rallies.
Beta of 0.54 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 1.21%

Beta: 0.54

R²: 0.92

Upside Capture: 58.49%

Downside Capture: 63.99%

Expense Ratio

JP Morgan Moderate has an expense ratio of 0.60%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

VSEAX

JPMorgan Small Cap Equity Fund

JCMAX

JPMorgan Mid Cap Equity Fund Class A

JEMSX

JPMorgan Emerging Markets Equity Fund Class I

VSIEX

JPMorgan International Equity Fund

JMUEX

JPMorgan U.S. Equity Fund

WOBDX

JPMorgan Core Bond Fund

ICSH

iShares Ultra Short Duration Bond Active ETF

Return for Risk

Risk / Return Rank

JP Morgan Moderate ranks 26 for risk / return — below 26% of portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

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.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	0.97	0.88	+0.09
Sortino ratio Return per unit of downside risk	1.43	1.37	+0.06
Omega ratio Gain probability vs. loss probability	1.20	1.21	0.00
Calmar ratio Return relative to maximum drawdown	1.42	1.39	+0.03
Martin ratio Return relative to average drawdown	5.62	6.43	-0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
VSIEX JPMorgan International Equity Fund	44	0.97	1.39	1.20	1.33	5.02
JEMSX JPMorgan Emerging Markets Equity Fund Class I	92	2.13	2.74	1.40	3.41	13.46
ICSH iShares Ultra Short Duration Bond Active ETF	100	11.08	26.38	6.68	45.39	285.14
WOBDX JPMorgan Core Bond Fund	38	0.95	1.38	1.17	1.64	4.50
VSEAX JPMorgan Small Cap Equity Fund	6	0.11	0.33	1.04	0.20	0.58
JCMAX JPMorgan Mid Cap Equity Fund Class A	23	0.59	0.97	1.13	0.88	3.89
JMUEX JPMorgan U.S. Equity Fund	24	0.67	1.08	1.16	1.10	3.98

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

JP Morgan Moderate Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 0.97
5-Year: 0.58
10-Year: 0.83
All Time: 0.77

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.01 to 1.70, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of JP Morgan Moderate compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

JP Morgan Moderate provided a 5.65% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	5.65%	5.46%	7.01%	2.67%	3.71%	6.78%	4.62%	5.78%	7.56%	4.82%	3.28%	3.85%
Portfolio components:
VSIEX JPMorgan International Equity Fund	6.34%	6.41%	3.06%	2.23%	2.66%	6.74%	1.17%	3.13%	3.69%	1.63%	1.78%	1.94%
JEMSX JPMorgan Emerging Markets Equity Fund Class I	1.19%	1.26%	1.41%	1.45%	0.37%	3.80%	0.09%	0.76%	0.87%	0.39%	0.66%	0.67%
ICSH iShares Ultra Short Duration Bond Active ETF	4.42%	4.55%	5.24%	4.78%	1.66%	0.42%	1.21%	2.61%	2.20%	1.36%	0.88%	0.54%
WOBDX JPMorgan Core Bond Fund	4.04%	3.97%	3.95%	3.51%	2.68%	2.82%	4.00%	3.23%	2.91%	2.88%	2.84%	2.54%
VSEAX JPMorgan Small Cap Equity Fund	26.02%	25.45%	14.31%	4.81%	15.49%	22.80%	2.89%	4.96%	8.25%	5.99%	2.98%	8.31%
JCMAX JPMorgan Mid Cap Equity Fund Class A	6.18%	6.16%	8.60%	0.31%	2.63%	7.65%	11.63%	8.54%	12.89%	5.69%	3.23%	5.06%
JMUEX JPMorgan U.S. Equity Fund	6.31%	5.85%	12.03%	2.06%	5.11%	10.74%	6.63%	10.06%	14.56%	8.71%	4.77%	6.17%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the JP Morgan Moderate. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the JP Morgan Moderate was 21.63%, occurring on Oct 14, 2022. Recovery took 345 trading sessions.

The current JP Morgan Moderate drawdown is 4.96%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-21.63%	Nov 8, 2021	236	Oct 14, 2022	345	Mar 1, 2024	581
-20.97%	Feb 20, 2020	23	Mar 23, 2020	72	Jul 6, 2020	95
-12%	Jan 29, 2018	229	Dec 24, 2018	69	Apr 4, 2019	298
-10.72%	Apr 27, 2015	202	Feb 11, 2016	110	Jul 20, 2016	312
-9.35%	Feb 19, 2025	35	Apr 8, 2025	26	May 15, 2025	61

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 7 assets, with an effective number of assets of 3.33, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	ICSH	WOBDX	JEMSX	VSIEX	VSEAX	JCMAX	JMUEX	Portfolio
Benchmark	1.00	0.06	-0.10	0.69	0.77	0.83	0.90	0.98	0.94
ICSH	0.06	1.00	0.24	0.06	0.09	0.05	0.05	0.05	0.10
WOBDX	-0.10	0.24	1.00	-0.06	-0.03	-0.10	-0.09	-0.12	0.08
JEMSX	0.69	0.06	-0.06	1.00	0.77	0.60	0.65	0.68	0.76
VSIEX	0.77	0.09	-0.03	0.77	1.00	0.70	0.74	0.76	0.87
VSEAX	0.83	0.05	-0.10	0.60	0.70	1.00	0.94	0.83	0.83
JCMAX	0.90	0.05	-0.09	0.65	0.74	0.94	1.00	0.90	0.90
JMUEX	0.98	0.05	-0.12	0.68	0.76	0.83	0.90	1.00	0.95
Portfolio	0.94	0.10	0.08	0.76	0.87	0.83	0.90	0.95	1.00

The correlation results are calculated based on daily price changes starting from Dec 16, 2013

JP Morgan Moderate

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table