FLMVX vs. JMSIX

Last updated Aug 5, 2026

FLMVX (JPMorgan Mid Cap Value Fund) and JMSIX (JPMorgan Income Fund Class I) are both mutual funds - FLMVX is a Mid Cap Value Equities fund managed by JPMorgan, while JMSIX is a Multisector Bonds fund actively managed by JPMorgan. Over the past 10 years, FLMVX returned 10.61%/yr vs 3.77%/yr for JMSIX. Their 0.21 correlation means their historical movements had little consistent relationship. FLMVX charges 0.75%/yr vs 0.40%/yr for JMSIX.

Performance

FLMVX vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mid Cap Value Fund (FLMVX) and JPMorgan Income Fund Class I (JMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLMVX achieves a 14.54% return, which is significantly higher than JMSIX's 1.24% return. Over the past 10 years, FLMVX has outperformed JMSIX with an annualized return of 10.61%, while JMSIX has yielded a comparatively lower 3.77% annualized return.

FLMVX

• 1D: 0.88%
• 1M: 2.15%
• 6M: 9.83%
• YTD: 14.54%
• 1Y: 17.92%
• 3Y*: 17.59%
• 5Y*: 10.97%
• 10Y*: 10.61%
• ALL TIME*: 11.98%

JMSIX

• 1D: 0.12%
• 1M: -0.35%
• 6M: 0.86%
• YTD: 1.24%
• 1Y: 3.91%
• 3Y*: 6.89%
• 5Y*: 2.76%
• 10Y*: 3.77%
• ALL TIME*: 2.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FLMVX JPMorgan Mid Cap Value Fund	$0.00	$0.00	$0.00
JMSIX JPMorgan Income Fund Class I	$0.00	$0.00	$0.00

FLMVX vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLMVX JPMorgan Mid Cap Value Fund	14.54%	5.17%	27.75%	11.38%	-8.11%	29.89%	0.36%	26.67%	-11.66%	13.67%
JMSIX JPMorgan Income Fund Class I	1.24%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%

Correlation

The correlation between FLMVX and JMSIX is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.23
Correlation (5Y) Shows whether the relationship held over a longer period.	0.26
Correlation (10Y) Provides a long-term view across more market conditions.	0.21
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014	0.21

The correlation between FLMVX and JMSIX shifts across timeframes, from 0.21 (10 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FLMVX vs. JMSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FLMVX

FLMVX Risk / Return Rank: 64
FLMVX Sharpe Ratio Rank: 58
FLMVX Sortino Ratio Rank: 66
FLMVX Omega Ratio Rank: 52
FLMVX Calmar Ratio Rank: 77
FLMVX Martin Ratio Rank: 68

JMSIX

JMSIX Risk / Return Rank: 73
JMSIX Sharpe Ratio Rank: 60
JMSIX Sortino Ratio Rank: 83
JMSIX Omega Ratio Rank: 84
JMSIX Calmar Ratio Rank: 68
JMSIX Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FLMVX vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Value Fund (FLMVX) 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.

	FLMVX	JMSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.62	0.00
Sortino ratio: Return per unit of downside risk	2.47	2.96	-0.50
Omega ratio: Gain probability vs. loss probability	1.29	1.41	-0.12
Calmar ratio: Return relative to maximum drawdown	2.70	2.42	+0.28
Martin ratio: Return relative to average drawdown	9.35	9.60	-0.25

FLMVX vs. JMSIX - Sharpe Ratio Comparison

The current FLMVX Sharpe Ratio is 1.61, which is comparable to the JMSIX Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FLMVX 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.

Drawdowns

FLMVX vs. JMSIX - Drawdown Comparison

The maximum FLMVX drawdown since its inception was -54.72%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for FLMVX and JMSIX.

Drawdown Indicators

	FLMVX	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.72%	-18.40%	-36.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.19%	-1.62%	-5.57%
Max Drawdown (3Y) Largest decline over 3 years	-15.91%	-2.25%	-13.66%
Max Drawdown (5Y) Largest decline over 5 years	-25.59%	-11.39%	-14.20%
Max Drawdown (10Y) Largest decline over 10 years	-43.06%	-18.40%	-24.66%
Current Drawdown Current decline from peak	-0.52%	-0.47%	-0.05%
Average Drawdown Average peak-to-trough decline	-6.42%	-2.53%	-3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	0.41%	+1.66%

Volatility

FLMVX vs. JMSIX - Volatility Comparison

JPMorgan Mid Cap Value Fund (FLMVX) has a higher volatility of 3.64% compared to JPMorgan Income Fund Class I (JMSIX) at 0.55%. This indicates that FLMVX'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.

Volatility by Period

	FLMVX	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	0.55%	+3.09%
Volatility (6M) Calculated over the trailing 6-month period	8.71%	1.88%	+6.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	2.44%	+9.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	3.74%	+15.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.40%	3.86%	+16.54%

FLMVX vs. JMSIX - Expense Ratio Comparison

FLMVX has a 0.75% expense ratio, which is higher than JMSIX's 0.40% expense ratio.

Dividends

FLMVX vs. JMSIX - Dividend Comparison

FLMVX's dividend yield for the trailing twelve months is around 18.48%, more than JMSIX's 5.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLMVX JPMorgan Mid Cap Value Fund	18.48%	21.16%	23.25%	6.10%	11.73%	14.98%	7.73%	5.20%	8.30%	2.71%	7.04%	6.69%
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%	0.00%

Frequently Asked Questions

Can I hold both FLMVX and JMSIX in my portfolio?

FLMVX and JMSIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLMVX or JMSIX?

FLMVX has higher volatility (3.64%) compared to JMSIX (0.55%). In terms of maximum drawdown, FLMVX dropped -54.72% vs JMSIX's -18.40%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (1.62 vs 1.61), 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.