BWDTX vs. JGIAX
BWDTX (Boyd Watterson Limited Duration Enhanced Income Fund) and JGIAX (JPMorgan Income Fund Class A) are both Multisector Bonds funds. Over the past 5 years, BWDTX returned 4.18%/yr vs 2.45%/yr for JGIAX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. BWDTX charges 0.40%/yr vs 0.65%/yr for JGIAX.
Performance
BWDTX vs. JGIAX - Performance Comparison
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Returns By Period
In the year-to-date period, BWDTX achieves a 1.99% return, which is significantly higher than JGIAX's 1.00% return.
BWDTX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.58%
- YTD
- 1.99%
- 1Y
- 5.02%
- 3Y*
- 6.17%
- 5Y*
- 4.18%
- 10Y*
- —
- ALL TIME*
- 3.94%
JGIAX
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 0.63%
- YTD
- 1.00%
- 1Y
- 3.56%
- 3Y*
- 6.54%
- 5Y*
- 2.45%
- 10Y*
- 3.68%
- ALL TIME*
- 3.66%
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 |
BWDTX vs. JGIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund | 1.99% | 7.14% | 4.92% | 9.80% | -3.16% | 2.32% | 4.66% | 7.94% | -0.51% | 4.08% |
JGIAX JPMorgan Income Fund Class A | 1.00% | 7.41% | 7.48% | 5.88% | -8.48% | 3.34% | 2.79% | 11.51% | 0.87% | 5.62% |
Correlation
The correlation between BWDTX and JGIAX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2016 | 0.55 |
The correlation between BWDTX and JGIAX shifts across timeframes, from 0.45 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BWDTX vs. JGIAX — Risk / Return Rank
BWDTX
JGIAX
BWDTX vs. JGIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) and JPMorgan Income Fund Class A (JGIAX). 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.
| BWDTX | JGIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 2.06 | 1.48 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 2.74 | +2.43 |
| Martin ratioReturn relative to average drawdown | 25.90 | 11.06 | +14.85 |
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Drawdowns
BWDTX vs. JGIAX - Drawdown Comparison
The maximum BWDTX drawdown since its inception was -10.06%, smaller than the maximum JGIAX drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for BWDTX and JGIAX.
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Drawdown Indicators
| BWDTX | JGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -18.39% | +8.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.00% | -1.62% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -2.21% | -2.26% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -6.35% | -11.63% | +5.28% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | -18.39% | +8.33% |
Current DrawdownCurrent decline from peak | -0.10% | -0.59% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -2.08% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.40% | -0.20% |
Volatility
BWDTX vs. JGIAX - Volatility Comparison
The current volatility for Boyd Watterson Limited Duration Enhanced Income Fund (BWDTX) is 0.33%, while JPMorgan Income Fund Class A (JGIAX) has a volatility of 0.53%. This indicates that BWDTX experiences smaller price fluctuations and is considered to be less risky than JGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWDTX | JGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.53% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.07% | 1.83% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.31% | 2.41% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.21% | 3.71% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.19% | 3.84% | -1.65% |
BWDTX vs. JGIAX - Expense Ratio Comparison
BWDTX has a 0.40% expense ratio, which is lower than JGIAX's 0.65% expense ratio.
Dividends
BWDTX vs. JGIAX - Dividend Comparison
BWDTX's dividend yield for the trailing twelve months is around 5.64%, more than JGIAX's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWDTX Boyd Watterson Limited Duration Enhanced Income Fund | 5.64% | 5.70% | 4.13% | 5.51% | 3.80% | 3.20% | 3.18% | 3.47% | 4.18% | 2.90% | 1.35% | 0.00% |
JGIAX JPMorgan Income Fund Class A | 5.32% | 5.71% | 5.51% | 4.19% | 4.49% | 3.75% | 4.69% | 4.84% | 5.15% | 5.16% | 5.21% | 5.44% |
Frequently Asked Questions
BWDTX and JGIAX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JGIAX has higher volatility (0.53%) compared to BWDTX (0.33%). In terms of maximum drawdown, BWDTX dropped -10.06% vs JGIAX's -18.39%.
BWDTX currently has the higher Sharpe Ratio (3.93 vs 1.85), 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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