Nuveen Multi-Market Income Fund (JMM) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with JMM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to JMM
JMM charges 0.04% annually. There are 2 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Short Duration Diversified Income Fund | 0.02% | — | Feb 2005 | JMM vs EVG | |
| MFS Multimarket Income Trust | 0.03% | — | Mar 1987 | JMM vs MMT | |
| KKR Income Opportunities Fund | 0.04% | — | Jul 2013 | JMM vs KIO | |
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | JMM vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | JMM vs VMSAX |
Best Risk-Adjusted Alternatives to JMM
JMM has a PortfoliosLab risk / return rank of 1. There are 101 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | JMM vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | JMM vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | JMM vs BWDTX | |
| Rational Special Situations Income Fund | 98 | — | Jul 2019 | JMM vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 98 | — | Jan 2018 | JMM vs CBLDX |
Top Performing JMM Alternatives (YTD)
JMM is at -0.45% YTD. There are 97 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 6.61%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Brookfield Real Assets Income Fund Inc. | 6.61% | — | — | JMM vs RA | |
| abrdn Income Credit Strategies Fund | 4.77% | — | Jan 2011 | JMM vs ACP | |
| Western Asset Diversified Income Fund | 4.39% | — | Jun 2021 | JMM vs WDI | |
| KKR Income Opportunities Fund | 4.36% | — | Jul 2013 | JMM vs KIO | |
| Saba Capital Income & Opportunities Fund | 4.15% | — | Dec 1987 | JMM vs BRW |
Lowest Volatility Alternatives to JMM
JMM has 11.37% 1-year volatility. There are 97 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.18% | — | Nov 2015 | JMM vs NWXHX | |
| Nationwide Strategic Income A | 1.23% | — | Nov 2015 | JMM vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.31% | — | Jul 2016 | JMM vs BWDTX | |
| Rational Special Situations Income Fund | 1.40% | — | Jul 2019 | JMM vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 1.42% | — | Jan 2018 | JMM vs CBLDX |
Lowest Drawdown Alternatives to JMM
JMM has a 1-year max drawdown of -8.28%. There are 90 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | JMM vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | JMM vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | JMM vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | JMM vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | JMM vs BWDTX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 10 categories.
Often Compared With JMM
Investors most often compare JMM with TSI, TQPAX, PPT. These 19 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare JMM with Any Fund or Stock
Compare JMM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair JMM with funds that move differently
Nuveen Multi-Market Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to JMM.
Explore JMM Diversifiers