JCPUX vs. DLTNX

Last updated Jun 3, 2026

JCPUX (JPMorgan Core Plus Bond Fund Class R6) and DLTNX (DoubleLine Total Return Bond Fund Class N) are both Intermediate Core-Plus Bond funds. JCPUX is passively managed, while DLTNX is actively managed. Over the past 10 years, JCPUX returned 2.45%/yr vs 1.54%/yr for DLTNX. Their correlation of 0.86 suggests significant overlap in exposure. JCPUX charges 0.38%/yr vs 0.75%/yr for DLTNX.

Performance

JCPUX vs. DLTNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Core Plus Bond Fund Class R6 (JCPUX) and DoubleLine Total Return Bond Fund Class N (DLTNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCPUX achieves a 0.89% return, which is significantly higher than DLTNX's 0.02% return. Over the past 10 years, JCPUX has outperformed DLTNX with an annualized return of 2.45%, while DLTNX has yielded a comparatively lower 1.54% annualized return.

JCPUX

• 1D: -0.14%
• 1M: 0.15%
• YTD: 0.89%
• 6M: 1.04%
• 1Y: 6.63%
• 3Y*: 5.12%
• 5Y*: 1.03%
• 10Y*: 2.45%

DLTNX

• 1D: -0.11%
• 1M: -0.20%
• YTD: 0.02%
• 6M: 0.10%
• 1Y: 5.15%
• 3Y*: 4.32%
• 5Y*: 0.39%
• 10Y*: 1.54%

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

JCPUX vs. DLTNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCPUX JPMorgan Core Plus Bond Fund Class R6	0.89%	8.07%	2.87%	6.46%	-12.73%	-0.10%	7.87%	8.93%	-0.05%	4.32%
DLTNX DoubleLine Total Return Bond Fund Class N	0.02%	7.66%	2.94%	4.96%	-12.77%	-0.01%	3.87%	5.74%	1.50%	3.44%

Correlation

The correlation between JCPUX and DLTNX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010	0.86

The correlation between JCPUX and DLTNX has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.

Return for Risk

JCPUX vs. DLTNX — Risk / Return Rank

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

JCPUX

JCPUX Risk / Return Rank: 36
JCPUX Sharpe Ratio Rank: 34
JCPUX Sortino Ratio Rank: 36
JCPUX Omega Ratio Rank: 35
JCPUX Calmar Ratio Rank: 41
JCPUX Martin Ratio Rank: 32

DLTNX

DLTNX Risk / Return Rank: 20
DLTNX Sharpe Ratio Rank: 20
DLTNX Sortino Ratio Rank: 21
DLTNX Omega Ratio Rank: 20
DLTNX Calmar Ratio Rank: 18
DLTNX Martin Ratio Rank: 18

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.

JCPUX vs. DLTNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund Class R6 (JCPUX) and DoubleLine Total Return Bond Fund Class N (DLTNX). 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.

	JCPUX	DLTNX	Difference
Sharpe ratio Return per unit of total volatility	1.69	1.31	+0.38
Sortino ratio Return per unit of downside risk	2.51	1.96	+0.55
Omega ratio Gain probability vs. loss probability	1.31	1.24	+0.07
Calmar ratio Return relative to maximum drawdown	2.46	1.59	+0.87
Martin ratio Return relative to average drawdown	7.51	5.01	+2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JCPUX vs. DLTNX - Sharpe Ratio Comparison

The current JCPUX Sharpe Ratio is 1.69, which is comparable to the DLTNX Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of JCPUX and DLTNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JCPUX	DLTNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.31	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.07	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.35	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.86	+0.09

Drawdowns

JCPUX vs. DLTNX - Drawdown Comparison

The maximum JCPUX drawdown since its inception was -16.81%, roughly equal to the maximum DLTNX drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for JCPUX and DLTNX.

Drawdown Indicators

	JCPUX	DLTNX	Difference
Max Drawdown Largest peak-to-trough decline	-16.81%	-16.94%	+0.13%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-3.21%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-6.05%	-6.65%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-16.81%	-16.94%	+0.13%
Max Drawdown (10Y) Largest decline over 10 years	-16.81%	-16.94%	+0.13%
Current Drawdown Current decline from peak	-1.27%	-1.96%	+0.69%
Average Drawdown Average peak-to-trough decline	-2.30%	-2.54%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.02%	-0.16%

Volatility

JCPUX vs. DLTNX - Volatility Comparison

The current volatility for JPMorgan Core Plus Bond Fund Class R6 (JCPUX) is 1.33%, while DoubleLine Total Return Bond Fund Class N (DLTNX) has a volatility of 1.44%. This indicates that JCPUX experiences smaller price fluctuations and is considered to be less risky than DLTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCPUX	DLTNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	1.44%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	2.70%	2.68%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.77%	3.78%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.69%	5.52%	+0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	4.36%	+0.28%

JCPUX vs. DLTNX - Expense Ratio Comparison

JCPUX has a 0.38% expense ratio, which is lower than DLTNX's 0.75% expense ratio.

Dividends

JCPUX vs. DLTNX - Dividend Comparison

JCPUX's dividend yield for the trailing twelve months is around 5.07%, more than DLTNX's 4.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLTNX DoubleLine Total Return Bond Fund Class N	4.63%	4.62%	4.77%	4.11%	3.59%	2.87%	3.13%	3.49%	3.48%	3.40%	3.47%	3.85%
JCPUX JPMorgan Core Plus Bond Fund Class R6	5.07%	4.94%	4.96%	4.10%	3.45%	3.32%	4.43%	3.30%	3.15%	2.89%	2.84%	3.49%

Frequently Asked Questions

Can I hold both JCPUX and DLTNX in my portfolio?

With a correlation of 0.92, JCPUX and DLTNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JCPUX or DLTNX?

DLTNX has higher volatility (1.44%) compared to JCPUX (1.33%). In terms of maximum drawdown, JCPUX dropped -16.81% vs DLTNX's -16.94%.

Which has better risk-adjusted returns?

JCPUX currently has the higher Sharpe Ratio (1.69 vs 1.31), 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.