JCBCX vs. JLGMX

Last updated Jul 18, 2026

JCBCX (JPMorgan California Tax Free Bond Fund Class C) and JLGMX (JPMorgan Large Cap Growth Fund Class R6) are both mutual funds - JCBCX is a Municipal Bonds fund tracking the Bloomberg LB California 1-17 Year Muni Index, while JLGMX is a Large Cap Growth Equities fund actively managed by JPMorgan. JCBCX is passively managed, while JLGMX is actively managed. At a correlation of -0.05, they often move in opposite directions. JCBCX charges 1.05%/yr vs 0.44%/yr for JLGMX.

Performance

JCBCX vs. JLGMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan California Tax Free Bond Fund Class C (JCBCX) and JPMorgan Large Cap Growth Fund Class R6 (JLGMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JCBCX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JLGMX

• 1D: -2.62%
• 1M: -3.50%
• 6M: 1.33%
• YTD: 1.20%
• 1Y: 7.41%
• 3Y*: 18.45%
• 5Y*: 11.48%
• 10Y*: 19.19%

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

JCBCX vs. JLGMX - 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%
JLGMX JPMorgan Large Cap Growth Fund Class R6	1.20%	14.38%	35.40%	34.95%	-25.20%	18.48%	56.39%	39.47%	0.74%	38.41%

Correlation

The correlation between JCBCX and JLGMX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	-0.05

The correlation between JCBCX and JLGMX shifts across timeframes, from -0.05 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JCBCX vs. JLGMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JCBCX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JLGMX

JLGMX Risk / Return Rank: 7
JLGMX Sharpe Ratio Rank: 7
JLGMX Sortino Ratio Rank: 7
JLGMX Omega Ratio Rank: 7
JLGMX Calmar Ratio Rank: 6
JLGMX Martin Ratio Rank: 6

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.

JCBCX vs. JLGMX - 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 JPMorgan Large Cap Growth Fund Class R6 (JLGMX). 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	JLGMX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.44	—
Sortino ratio: Return per unit of downside risk	—	0.71	—
Omega ratio: Gain probability vs. loss probability	—	1.09	—
Calmar ratio: Return relative to maximum drawdown	—	0.48	—
Martin ratio: Return relative to average drawdown	—	1.33	—

Drawdowns

Drawdown Indicators

	JCBCX	JLGMX	Difference
Max Drawdown Largest peak-to-trough decline	—	-31.82%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.82%	—
Current Drawdown Current decline from peak	—	-6.26%	—
Average Drawdown Average peak-to-trough decline	—	-5.79%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.99%	—

Volatility

Volatility by Period

	JCBCX	JLGMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.09%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.63%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.72%	—

JCBCX vs. JLGMX - Expense Ratio Comparison

JCBCX has a 1.05% expense ratio, which is higher than JLGMX's 0.44% expense ratio.

Dividends

JCBCX vs. JLGMX - Dividend Comparison

JCBCX's dividend yield for the trailing twelve months is around 2.31%, less than JLGMX's 10.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCBCX JPMorgan California Tax Free Bond Fund Class C	2.31%	2.39%	2.35%	1.90%	1.38%	0.95%	1.08%	1.72%	2.16%	2.09%	1.99%	2.51%
JLGMX JPMorgan Large Cap Growth Fund Class R6	10.91%	11.04%	2.12%	0.31%	3.49%	14.25%	5.14%	12.65%	15.59%	14.44%	9.71%	4.43%

Frequently Asked Questions

Can I hold both JCBCX and JLGMX in my portfolio?

JCBCX and JLGMX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.