IEF vs. JMSIX
IEF (iShares 7-10 Year Treasury Bond ETF) and JMSIX (JPMorgan Income Fund) are both funds - IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while JMSIX is a Multisector Bonds fund managed by JPMorgan. Over the past 10 years, IEF returned 0.59%/yr vs 3.97%/yr for JMSIX. At a 0.47 correlation, their price movements are largely independent. IEF charges 0.15%/yr vs 0.40%/yr for JMSIX.
Performance
IEF vs. JMSIX - Performance Comparison
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Returns By Period
In the year-to-date period, IEF achieves a -0.47% return, which is significantly lower than JMSIX's 1.23% return. Over the past 10 years, IEF has underperformed JMSIX with an annualized return of 0.59%, while JMSIX has yielded a comparatively higher 3.97% annualized return.
IEF
- 1D
- -0.17%
- 1M
- 0.19%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.39%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
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%
IEF vs. JMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -0.47% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
JMSIX JPMorgan Income Fund | 1.23% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 11.82% | 1.03% | 6.00% |
Correlation
The correlation between IEF and JMSIX is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.47 |
Over the past year, IEF and JMSIX have become more correlated (0.69) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
IEF vs. JMSIX — Risk / Return Rank
IEF
JMSIX
IEF vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) 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.
| IEF | JMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.60 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.51 | -2.67 |
| Martin ratioReturn relative to average drawdown | 2.35 | 14.54 | -12.20 |
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Drawdowns
IEF vs. JMSIX - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for IEF and JMSIX.
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Drawdown Indicators
| IEF | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -18.40% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -1.62% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -2.31% | -5.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -11.39% | -10.01% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -18.40% | -5.53% |
Current DrawdownCurrent decline from peak | -11.18% | -0.12% | -11.06% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -2.56% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 0.39% | +1.06% |
Volatility
IEF vs. JMSIX - Volatility Comparison
iShares 7-10 Year Treasury Bond ETF (IEF) has a higher volatility of 1.62% compared to JPMorgan Income Fund (JMSIX) at 0.79%. This indicates that IEF'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
| IEF | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 0.79% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 1.89% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 2.52% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 3.73% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.63% | 3.87% | +2.76% |
IEF vs. JMSIX - Expense Ratio Comparison
IEF has a 0.15% expense ratio, which is lower than JMSIX's 0.40% expense ratio.
Dividends
IEF vs. JMSIX - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.89%, less than JMSIX's 6.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.89% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
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% | 0.00% |
Frequently Asked Questions
IEF and JMSIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEF has higher volatility (1.62%) compared to JMSIX (0.79%). In terms of maximum drawdown, IEF dropped -23.93% vs JMSIX's -18.40%.
JMSIX currently has the higher Sharpe Ratio (2.27 vs 0.72), 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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