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EMXC vs. JMSIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EMXC vs. JMSIX

Last updated Jun 13, 2026

EMXC (iShares MSCI Emerging Markets ex China ETF) and JMSIX (JPMorgan Income Fund) are both funds - EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index, while JMSIX is a Multisector Bonds fund managed by JPMorgan. Over the past 5 years, EMXC returned 12.14%/yr vs 2.76%/yr for JMSIX. At a 0.25 correlation, their price movements are largely independent. EMXC charges 0.49%/yr vs 0.40%/yr for JMSIX.

Performance

EMXC vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets ex China ETF (EMXC) and JPMorgan Income Fund (JMSIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EMXC achieves a 37.25% return, which is significantly higher than JMSIX's 1.23% return.

EMXC

1D
0.55%
1M
3.75%
YTD
37.25%
6M
42.23%
1Y
65.26%
3Y*
26.47%
5Y*
12.14%
10Y*
—

JMSIX

1D
0.12%
1M
0.39%
YTD
1.23%
6M
1.85%
1Y
5.55%
3Y*
7.12%
5Y*
2.76%
10Y*
3.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EMXC vs. JMSIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EMXC
iShares MSCI Emerging Markets ex China ETF		37.25%35.14%2.68%18.96%-19.56%8.54%12.76%15.80%-12.96%7.16%
JMSIX
JPMorgan Income Fund		1.23%7.68%7.78%6.14%-8.24%3.59%3.07%11.82%1.03%2.17%

Correlation

The correlation between EMXC and JMSIX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2017

0.25

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Emerging Markets ex China ETF

JPMorgan Income Fund

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Often compared with JMSIX:
JMSIX vs. PIMIXJMSIX vs. PONPXJMSIX vs. VCOBXJMSIX vs. VFIDXJMSIX vs. IIBAXJMSIX vs. DINDXJMSIX vs. POMIX

Return for Risk

EMXC vs. JMSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMXC
EMXC Risk / Return Rank: 8989
Overall Rank
EMXC Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EMXC Sortino Ratio Rank: 8686
Sortino Ratio Rank
EMXC Omega Ratio Rank: 9090
Omega Ratio Rank
EMXC Calmar Ratio Rank: 8888
Calmar Ratio Rank
EMXC Martin Ratio Rank: 8989
Martin Ratio Rank
JMSIX
JMSIX Risk / Return Rank: 8989
Overall Rank
JMSIX Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
JMSIX Sortino Ratio Rank: 9494
Sortino Ratio Rank
JMSIX Omega Ratio Rank: 9090
Omega Ratio Rank
JMSIX Calmar Ratio Rank: 8787
Calmar Ratio Rank
JMSIX Martin Ratio Rank: 9090
Martin Ratio Rank
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.

EMXC vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ex China ETF (EMXC) and JPMorgan Income Fund (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.

EMXCJMSIXDifference
Sharpe ratioReturn per unit of total volatility
2.74
2.27

+0.48

Sortino ratioReturn per unit of downside risk
3.35
4.50

-1.15

Omega ratioGain probability vs. loss probability

1.50

1.60

-0.09

Calmar ratioReturn relative to maximum drawdown

4.55

3.51

+1.04

Martin ratioReturn relative to average drawdown

17.51

14.54

+2.97

EMXC vs. JMSIX - Sharpe Ratio Comparison

The current EMXC Sharpe Ratio is 2.74, which is comparable to the JMSIX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of EMXC and JMSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EMXC vs. JMSIX - Drawdown Comparison

The maximum EMXC drawdown since its inception was -42.81%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for EMXC and JMSIX.

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Drawdown Indicators

EMXCJMSIXDifference

Max Drawdown

Largest peak-to-trough decline

-42.81%

-18.40%

-24.41%

Max Drawdown (1Y)

Largest decline over 1 year

-14.41%

-1.62%

-12.79%

Max Drawdown (3Y)

Largest decline over 3 years

-19.12%

-2.31%

-16.81%

Max Drawdown (5Y)

Largest decline over 5 years

-28.91%

-11.39%

-17.52%

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.40%

—

Current Drawdown

Current decline from peak

-4.12%

-0.12%

-4.00%

Average Drawdown

Average peak-to-trough decline

-10.17%

-2.56%

-7.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.74%

0.39%

+3.35%

Volatility

EMXC vs. JMSIX - Volatility Comparison

iShares MSCI Emerging Markets ex China ETF (EMXC) has a higher volatility of 12.83% compared to JPMorgan Income Fund (JMSIX) at 0.79%. This indicates that EMXC's price experiences larger fluctuations and is considered to be riskier than JMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EMXCJMSIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.83%

0.79%

+12.04%

Volatility (6M)

Calculated over the trailing 6-month period

21.90%

1.89%

+20.01%

Volatility (1Y)

Calculated over the trailing 1-year period

23.90%

2.52%

+21.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.00%

3.73%

+14.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.07%

3.87%

+16.20%

EMXC vs. JMSIX - Expense Ratio Comparison

EMXC has a 0.49% expense ratio, which is higher than JMSIX's 0.40% expense ratio.

Dividends

EMXC vs. JMSIX - Dividend Comparison

EMXC's dividend yield for the trailing twelve months is around 2.05%, less than JMSIX's 6.03% yield.

PositionTTM2025202420232022202120202019201820172016
EMXC
iShares MSCI Emerging Markets ex China ETF		2.05%2.82%2.69%1.83%2.85%1.78%1.45%3.25%2.63%0.99%0.00%
JMSIX
JPMorgan Income Fund		6.03%5.95%5.78%4.43%4.78%4.00%4.95%5.10%5.43%5.42%0.46%

Frequently Asked Questions

EMXC and JMSIX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EMXC has higher volatility (12.83%) compared to JMSIX (0.79%). In terms of maximum drawdown, EMXC dropped -42.81% vs JMSIX's -18.40%.

EMXC currently has the higher Sharpe Ratio (2.74 vs 2.27), 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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