JCBCX vs. FXIEX
JCBCX (JPMorgan California Tax Free Bond Fund Class C) and FXIEX (PIMCO Fixed Income SHares: Series TE) are both Municipal Bonds funds. Over the past 10 years, JCBCX returned 0.85%/yr vs 2.77%/yr for FXIEX. A 0.65 correlation means they provide meaningful diversification when combined. JCBCX charges 1.05%/yr vs 0.07%/yr for FXIEX.
Performance
JCBCX vs. FXIEX - Performance Comparison
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Returns By Period
In the year-to-date period, JCBCX achieves a 0.70% return, which is significantly lower than FXIEX's 1.81% return. Over the past 10 years, JCBCX has underperformed FXIEX with an annualized return of 0.85%, while FXIEX has yielded a comparatively higher 2.77% annualized return.
JCBCX
- 1D
- 0.00%
- 1M
- 1.08%
- YTD
- 0.70%
- 6M
- 0.91%
- 1Y
- 4.43%
- 3Y*
- 2.46%
- 5Y*
- 0.14%
- 10Y*
- 0.85%
FXIEX
- 1D
- -0.10%
- 1M
- 1.74%
- YTD
- 1.81%
- 6M
- 2.34%
- 1Y
- 6.34%
- 3Y*
- 4.97%
- 5Y*
- 1.63%
- 10Y*
- 2.77%
JCBCX vs. FXIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JCBCX JPMorgan California Tax Free Bond Fund Class C | 0.70% | 2.85% | 0.87% | 4.30% | -7.11% | -0.68% | 3.42% | 5.13% | 0.66% | 2.97% |
FXIEX PIMCO Fixed Income SHares: Series TE | 1.81% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 8.45% | 1.00% | 7.71% |
Correlation
The correlation between JCBCX and FXIEX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2012 | 0.65 |
The correlation between JCBCX and FXIEX shifts across timeframes, from 0.65 (all time) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JCBCX vs. FXIEX — Risk / Return Rank
JCBCX
FXIEX
JCBCX vs. FXIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan California Tax Free Bond Fund Class C (JCBCX) and PIMCO Fixed Income SHares: Series TE (FXIEX). 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.
| JCBCX | FXIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.57 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.32 | -1.61 |
| Martin ratioReturn relative to average drawdown | 5.52 | 11.01 | -5.49 |
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Drawdowns
JCBCX vs. FXIEX - Drawdown Comparison
The maximum JCBCX drawdown since its inception was -11.44%, smaller than the maximum FXIEX drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for JCBCX and FXIEX.
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Drawdown Indicators
| JCBCX | FXIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.44% | -15.25% | +3.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.42% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -4.77% | -5.56% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -11.28% | -15.25% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -11.44% | -15.25% | +3.81% |
Current DrawdownCurrent decline from peak | -0.97% | -0.10% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -2.89% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.65% | -0.81% |
Volatility
JCBCX vs. FXIEX - Volatility Comparison
JPMorgan California Tax Free Bond Fund Class C (JCBCX) and PIMCO Fixed Income SHares: Series TE (FXIEX) have volatilities of 0.85% and 0.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JCBCX | FXIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.84% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 2.17% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 3.47% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 4.37% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.27% | 4.10% | -0.83% |
JCBCX vs. FXIEX - Expense Ratio Comparison
JCBCX has a 1.05% expense ratio, which is higher than FXIEX's 0.07% expense ratio.
Dividends
JCBCX vs. FXIEX - Dividend Comparison
JCBCX's dividend yield for the trailing twelve months is around 2.54%, less than FXIEX's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXIEX PIMCO Fixed Income SHares: Series TE | 2.79% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% | 0.00% | 0.00% |
JCBCX JPMorgan California Tax Free Bond Fund Class C | 2.54% | 2.39% | 2.35% | 1.90% | 1.38% | 0.95% | 1.08% | 1.72% | 2.16% | 2.09% | 1.99% | 2.51% |
Frequently Asked Questions
JCBCX and FXIEX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JCBCX has higher volatility (0.85%) compared to FXIEX (0.84%). In terms of maximum drawdown, JCBCX dropped -11.44% vs FXIEX's -15.25%.
FXIEX currently has the higher Sharpe Ratio (2.32 vs 2.21), 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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