DOXIX vs. JPIE

Last updated Jun 3, 2026

DOXIX (Dodge & Cox Income Fund Class X) and JPIE (JPMorgan Income ETF) are both funds - DOXIX is a Intermediate Core-Plus Bond fund actively managed by Dodge & Cox, while JPIE is a Multisector Bonds fund actively managed by JPMorgan. Both are actively managed. Over the past 3 years, DOXIX returned 5.31%/yr vs 6.48%/yr for JPIE. A 0.75 correlation means they provide meaningful diversification when combined. DOXIX charges 0.33%/yr vs 0.41%/yr for JPIE.

Performance

DOXIX vs. JPIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dodge & Cox Income Fund Class X (DOXIX) and JPMorgan Income ETF (JPIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DOXIX achieves a 0.45% return, which is significantly lower than JPIE's 1.56% return.

DOXIX

• 1D: -0.08%
• 1M: 0.08%
• YTD: 0.45%
• 6M: 0.59%
• 1Y: 6.42%
• 3Y*: 5.31%
• 5Y*: —
• 10Y*: —

JPIE

• 1D: 0.04%
• 1M: 0.37%
• YTD: 1.56%
• 6M: 2.05%
• 1Y: 6.01%
• 3Y*: 6.48%
• 5Y*: —
• 10Y*: —

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

DOXIX vs. JPIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DOXIX Dodge & Cox Income Fund Class X	0.45%	8.39%	2.33%	7.75%	-2.35%
JPIE JPMorgan Income ETF	1.56%	7.39%	6.32%	7.07%	-1.59%

Correlation

The correlation between DOXIX and JPIE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 4, 2022	0.75

The correlation between DOXIX and JPIE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.

Return for Risk

DOXIX vs. JPIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DOXIX

DOXIX Risk / Return Rank: 28
DOXIX Sharpe Ratio Rank: 28
DOXIX Sortino Ratio Rank: 29
DOXIX Omega Ratio Rank: 27
DOXIX Calmar Ratio Rank: 28
DOXIX Martin Ratio Rank: 24

JPIE

JPIE Risk / Return Rank: 94
JPIE Sharpe Ratio Rank: 95
JPIE Sortino Ratio Rank: 97
JPIE Omega Ratio Rank: 97
JPIE Calmar Ratio Rank: 89
JPIE Martin Ratio Rank: 94

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.

DOXIX vs. JPIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dodge & Cox Income Fund Class X (DOXIX) and JPMorgan Income ETF (JPIE). 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.

	DOXIX	JPIE	Difference
Sharpe ratio Return per unit of total volatility	1.55	3.81	-2.26
Sortino ratio Return per unit of downside risk	2.29	6.03	-3.74
Omega ratio Gain probability vs. loss probability	1.28	1.87	-0.59
Calmar ratio Return relative to maximum drawdown	2.04	5.27	-3.23
Martin ratio Return relative to average drawdown	6.32	26.12	-19.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOXIX vs. JPIE - Sharpe Ratio Comparison

The current DOXIX Sharpe Ratio is 1.55, which is lower than the JPIE Sharpe Ratio of 3.81. The chart below compares the historical Sharpe Ratios of DOXIX and JPIE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DOXIX	JPIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	3.81	-2.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.99	-0.31

Drawdowns

DOXIX vs. JPIE - Drawdown Comparison

The maximum DOXIX drawdown since its inception was -8.83%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for DOXIX and JPIE.

Drawdown Indicators

	DOXIX	JPIE	Difference
Max Drawdown Largest peak-to-trough decline	-8.83%	-9.96%	+1.13%
Max Drawdown (1Y) Largest decline over 1 year	-3.15%	-1.15%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-5.66%	-2.40%	-3.26%
Current Drawdown Current decline from peak	-1.69%	0.00%	-1.69%
Average Drawdown Average peak-to-trough decline	-1.86%	-2.10%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.02%	0.23%	+0.79%

Volatility

DOXIX vs. JPIE - Volatility Comparison

Dodge & Cox Income Fund Class X (DOXIX) has a higher volatility of 1.42% compared to JPMorgan Income ETF (JPIE) at 0.60%. This indicates that DOXIX's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOXIX	JPIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	0.60%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	2.94%	1.27%	+1.67%
Volatility (1Y) Calculated over the trailing 1-year period	4.06%	1.58%	+2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.86%	3.53%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.86%	3.53%	+2.33%

DOXIX vs. JPIE - Expense Ratio Comparison

DOXIX has a 0.33% expense ratio, which is lower than JPIE's 0.41% expense ratio.

Dividends

DOXIX vs. JPIE - Dividend Comparison

DOXIX's dividend yield for the trailing twelve months is around 4.33%, less than JPIE's 5.61% yield.

Position	TTM	2025	2024	2023	2022	2021
DOXIX Dodge & Cox Income Fund Class X	4.33%	4.30%	4.32%	3.92%	2.30%	0.00%
JPIE JPMorgan Income ETF	5.61%	5.65%	6.11%	5.70%	4.49%	0.63%

Frequently Asked Questions

Can I hold both DOXIX and JPIE in my portfolio?

DOXIX and JPIE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DOXIX or JPIE?

DOXIX has higher volatility (1.42%) compared to JPIE (0.60%). In terms of maximum drawdown, DOXIX dropped -8.83% vs JPIE's -9.96%.

Which has better risk-adjusted returns?

JPIE currently has the higher Sharpe Ratio (3.81 vs 1.55), 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.