IOFIX vs. JMSIX
Compare and contrast key facts about AlphaCentric Income Opportunities Fund (IOFIX) and JPMorgan Income Fund (JMSIX).
IOFIX is managed by AlphaCentric Funds. It was launched on May 27, 2015. JMSIX is managed by JPMorgan. It was launched on Jun 1, 2014.
Performance
IOFIX vs. JMSIX - Performance Comparison
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IOFIX vs. JMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | -0.00% | 8.34% | -0.35% | -5.52% | -21.68% | 14.92% | -10.56% | 11.93% | 4.45% | 14.04% |
JMSIX JPMorgan Income Fund | -0.29% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 11.82% | 1.03% | 6.00% |
Returns By Period
Over the past 10 years, IOFIX has underperformed JMSIX with an annualized return of 1.81%, while JMSIX has yielded a comparatively higher 3.93% annualized return.
IOFIX
- 1D
- 0.98%
- 1M
- -1.48%
- YTD
- -0.00%
- 6M
- 1.61%
- 1Y
- 7.75%
- 3Y*
- 1.50%
- 5Y*
- -2.73%
- 10Y*
- 1.81%
JMSIX
- 1D
- 0.24%
- 1M
- -1.39%
- YTD
- -0.29%
- 6M
- 1.33%
- 1Y
- 5.02%
- 3Y*
- 6.36%
- 5Y*
- 2.78%
- 10Y*
- 3.93%
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IOFIX vs. JMSIX - Expense Ratio Comparison
IOFIX has a 1.65% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Return for Risk
IOFIX vs. JMSIX — Risk / Return Rank
IOFIX
JMSIX
IOFIX vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaCentric Income Opportunities Fund (IOFIX) 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.
| IOFIX | JMSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 2.15 | -0.60 |
Sortino ratioReturn per unit of downside risk | 2.39 | 3.84 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.54 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 3.47 | -1.39 |
Martin ratioReturn relative to average drawdown | 6.71 | 13.30 | -6.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IOFIX | JMSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 2.15 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.58 | 0.76 | -1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 1.02 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.76 | -0.57 |
Correlation
The correlation between IOFIX and JMSIX is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IOFIX vs. JMSIX - Dividend Comparison
IOFIX's dividend yield for the trailing twelve months is around 8.29%, more than JMSIX's 5.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IOFIX AlphaCentric Income Opportunities Fund | 8.29% | 7.44% | 8.16% | 7.52% | 5.51% | 3.94% | 4.76% | 4.70% | 5.06% | 4.83% | 4.97% |
JMSIX JPMorgan Income Fund | 5.53% | 5.95% | 5.78% | 4.43% | 4.78% | 4.00% | 4.95% | 5.10% | 5.43% | 5.42% | 0.46% |
Drawdowns
IOFIX vs. JMSIX - Drawdown Comparison
The maximum IOFIX drawdown since its inception was -45.49%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for IOFIX and JMSIX.
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Drawdown Indicators
| IOFIX | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.49% | -18.40% | -27.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.80% | -1.64% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -11.39% | -19.11% |
Max Drawdown (10Y)Largest decline over 10 years | -45.49% | -18.40% | -27.09% |
Current DrawdownCurrent decline from peak | -20.47% | -1.39% | -19.08% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -2.60% | -9.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 0.43% | +0.75% |
Volatility
IOFIX vs. JMSIX - Volatility Comparison
AlphaCentric Income Opportunities Fund (IOFIX) has a higher volatility of 1.70% compared to JPMorgan Income Fund (JMSIX) at 0.77%. This indicates that IOFIX'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
| IOFIX | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 0.77% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 1.67% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.83% | 2.59% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 3.70% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 3.85% | +5.41% |