AXSIX vs. JMSIX
AXSIX (Axonic Strategic Income Fund) and JMSIX (JPMorgan Income Fund Class I) are both Multisector Bonds funds. Over the past 5 years, AXSIX returned 3.56%/yr vs 2.71%/yr for JMSIX. Their 0.48 correlation means their historical movements had little consistent relationship. AXSIX charges 1.00%/yr vs 0.40%/yr for JMSIX.
Performance
AXSIX vs. JMSIX - Performance Comparison
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Returns By Period
In the year-to-date period, AXSIX achieves a 1.96% return, which is significantly higher than JMSIX's 1.12% return.
AXSIX
- 1D
- 0.00%
- 1M
- -0.23%
- 6M
- 0.94%
- YTD
- 1.96%
- 1Y
- 4.18%
- 3Y*
- 6.82%
- 5Y*
- 3.56%
- 10Y*
- —
- ALL TIME*
- 3.44%
JMSIX
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 0.74%
- YTD
- 1.12%
- 1Y
- 3.79%
- 3Y*
- 6.81%
- 5Y*
- 2.71%
- 10Y*
- 3.76%
- ALL TIME*
- 2.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AXSIX vs. JMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AXSIX Axonic Strategic Income Fund | 1.96% | 6.71% | 8.30% | 7.54% | -6.81% | 5.91% | -0.16% |
JMSIX JPMorgan Income Fund Class I | 1.12% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% |
Correlation
The correlation between AXSIX and JMSIX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020 | 0.48 |
The correlation between AXSIX and JMSIX shifts across timeframes, from 0.48 (all time) to 0.64 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AXSIX vs. JMSIX — Risk / Return Rank
AXSIX
JMSIX
AXSIX vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axonic Strategic Income Fund (AXSIX) and JPMorgan Income Fund Class I (JMSIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AXSIX | JMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.49 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 2.89 | +1.30 |
| Martin ratioReturn relative to average drawdown | 15.44 | 11.55 | +3.89 |
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Drawdowns
AXSIX vs. JMSIX - Drawdown Comparison
The maximum AXSIX drawdown since its inception was -12.55%, smaller than the maximum JMSIX drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for AXSIX and JMSIX.
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Drawdown Indicators
| AXSIX | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.55% | -18.40% | +5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -1.62% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -1.22% | -2.25% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -6.87% | -11.39% | +4.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.40% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.59% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -2.54% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 0.41% | -0.08% |
Volatility
AXSIX vs. JMSIX - Volatility Comparison
Axonic Strategic Income Fund (AXSIX) and JPMorgan Income Fund Class I (JMSIX) have volatilities of 0.52% and 0.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXSIX | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 0.53% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.67% | 1.94% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 2.50% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 3.73% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.67% | 3.86% | -0.19% |
AXSIX vs. JMSIX - Expense Ratio Comparison
AXSIX has a 1.00% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Dividends
AXSIX vs. JMSIX - Dividend Comparison
AXSIX's dividend yield for the trailing twelve months is around 6.04%, more than JMSIX's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AXSIX Axonic Strategic Income Fund | 5.49% | 6.39% | 6.52% | 6.24% | 3.89% | 6.70% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% |
JMSIX JPMorgan Income Fund Class I | 5.54% | 5.95% | 5.78% | 4.43% | 4.78% | 4.00% | 4.95% | 5.10% | 5.43% | 5.42% | 0.46% |
Frequently Asked Questions
AXSIX and JMSIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMSIX has higher volatility (0.53%) compared to AXSIX (0.52%). In terms of maximum drawdown, AXSIX dropped -12.55% vs JMSIX's -18.40%.
AXSIX currently has the higher Sharpe Ratio (2.15 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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