- ISIN
- US4812A25388
- CUSIP
- 4812A2538
- Issuer
- JPMorgan
- Inception Date
- Aug 30, 2005
- Category
- Municipal Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TXRIX Performance Chart
JPMorgan Tax Aware Real Return Fund (TXRIX) is up 1.9% since the beginning of the year. TXRIX is currently trading at $9 per share. Investors who bought $1,000 worth of TXRIX shares 5 years ago would now be looking at an investment worth $1,112.
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Returns By Period
JPMorgan Tax Aware Real Return Fund (TXRIX) has returned 1.91% so far this year and 6.31% over the past 12 months.
JPMorgan Tax Aware Real Return Fund
- 1D
- 0.11%
- 1M
- 0.40%
- YTD
- 1.91%
- 6M
- 1.90%
- 1Y
- 6.31%
- 3Y*
- 3.84%
- 5Y*
- 2.15%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
TXRIX Monthly Returns History
Based on dividend-adjusted daily data since Feb 1, 2017, TXRIX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 66% of months were positive and 34% were negative. The best month was Jul 2022 with a return of +4.1%, while the worst month was Mar 2020 at -8.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TXRIX closed higher 40% of trading days. The best single day was Mar 25, 2020 with a return of +3.8%, while the worst single day was Mar 12, 2020 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.02% | 0.71% | -1.79% | 1.48% | 0.40% | 0.11% | 1.91% | ||||||
| 2025 | 0.82% | 0.81% | -1.16% | -0.67% | -0.04% | 0.52% | 0.08% | 1.06% | 1.80% | 0.61% | -0.02% | -0.12% | 3.71% |
| 2024 | 0.16% | 0.50% | 0.48% | -0.24% | -0.15% | 1.14% | 0.16% | 0.40% | 0.80% | -0.89% | 1.13% | -1.01% | 2.47% |
| 2023 | 2.09% | -1.33% | 1.74% | -0.38% | -1.13% | 1.35% | 0.46% | -1.12% | -1.89% | -0.60% | 3.99% | 1.82% | 4.93% |
| 2022 | -2.48% | 0.95% | -1.90% | -1.32% | 0.77% | -2.87% | 4.05% | -1.57% | -5.05% | 1.10% | 2.98% | -0.20% | -5.77% |
| 2021 | 1.66% | -1.30% | 1.52% | 1.79% | 0.66% | 0.23% | 2.06% | -0.19% | -0.39% | 1.02% | 0.51% | 0.70% | 8.53% |
Benchmark Metrics
JPMorgan Tax Aware Real Return Fund has an annualized alpha of 2.88%, beta of 0.06, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since February 02, 2017.
- This fund participated in 21.93% of S&P 500 Index downside but only 19.16% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.07 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.07 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.88%
- Beta
- 0.06
- R²
- 0.07
- Upside Capture
- 19.16%
- Downside Capture
- 21.93%
Expense Ratio
TXRIX has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TXRIX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPMorgan Tax Aware Real Return Fund (TXRIX) and compare them to S&P 500 Index.
| TXRIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.41 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.93 | -0.11 |
| Martin ratioReturn relative to average drawdown | 12.63 | 13.52 | -0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
JPMorgan Tax Aware Real Return Fund provided a 3.21% dividend yield over the last twelve months, with an annual payout of $0.30 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.30 | $0.31 | $0.30 | $0.19 | $0.15 | $0.21 | $0.24 | $0.26 | $1.21 |
Dividend yield | 3.21% | 3.20% | 3.32% | 3.17% | 2.04% | 1.47% | 2.22% | 2.56% | 2.85% | 12.76% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Tax Aware Real Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.00 | $0.11 | ||||||
| 2025 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.31 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
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 JPMorgan Tax Aware Real Return Fund. 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 JPMorgan Tax Aware Real Return Fund was 16.51%, occurring on Mar 20, 2020. Recovery took 178 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -16.51%Mar 2020 | 24d | 8mo 17d | 9mo 11dFeb 2020 - Dec 2020 |
Bear market2022 | -9.74%Sep 2022 | 10mo 17d | 1y 7mo | 2y 6moNov 2021 - May 2024 |
2025 selloff2025 | -4.12%Apr 2025 | 1mo 5d | 4mo 29d | 6mo 4dMar 2025 - Sep 2025 |
2021 pullback2021 | -2.43%Feb 2021 | 8d | 1mo 17d | 1mo 25dFeb 2021 - Apr 2021 |
2026 pullback2026 | -2.21%Mar 2026 | 25d | 2mo 3d | 2mo 28dMar 2026 - May 2026 |
Drawdown Indicators
| TXRIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.51% | -56.78% | +40.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -9.10% | +6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -4.12% | -18.90% | +14.78% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -25.43% | +15.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -10.72% | +8.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | 1.97% | -1.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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