JCPUX vs. JMSIX

Last updated Aug 1, 2026

JCPUX (JPMorgan Core Plus Bond Fund Class R6) and JMSIX (JPMorgan Income Fund Class I) are both mutual funds - JCPUX is a Intermediate Core-Plus Bond fund tracking the Bloomberg U.S. Aggregate Index, while JMSIX is a Multisector Bonds fund actively managed by JPMorgan. JCPUX is passively managed, while JMSIX is actively managed. Over the past 10 years, JCPUX returned 2.21%/yr vs 3.76%/yr for JMSIX. Their 0.58 correlation means they have sometimes moved together and sometimes differently. JCPUX charges 0.38%/yr vs 0.40%/yr for JMSIX.

Performance

JCPUX vs. JMSIX - Performance Comparison

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

Returns By Period

In the year-to-date period, JCPUX achieves a 0.35% return, which is significantly lower than JMSIX's 1.12% return. Over the past 10 years, JCPUX has underperformed JMSIX with an annualized return of 2.21%, while JMSIX has yielded a comparatively higher 3.76% annualized return.

JCPUX

• 1D: 0.14%
• 1M: -0.82%
• 6M: -0.07%
• YTD: 0.35%
• 1Y: 3.30%
• 3Y*: 4.98%
• 5Y*: 0.56%
• 10Y*: 2.21%
• ALL TIME*: 3.67%

JMSIX

• 1D: 0.00%
• 1M: -0.47%
• 6M: 0.74%
• YTD: 1.12%
• 1Y: 3.79%
• 3Y*: 6.81%
• 5Y*: 2.71%
• 10Y*: 3.76%
• ALL TIME*: 2.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JCPUX JPMorgan Core Plus Bond Fund Class R6	$0.00	$0.00	$0.00
JMSIX JPMorgan Income Fund Class I	$0.00	$0.00	$0.00

JCPUX vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCPUX JPMorgan Core Plus Bond Fund Class R6	0.35%	8.07%	2.87%	6.46%	-12.73%	-0.10%	7.87%	8.93%	-0.05%	4.32%
JMSIX JPMorgan Income Fund Class I	1.12%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%

Correlation

The correlation between JCPUX and JMSIX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.60
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014	0.58

The correlation between JCPUX and JMSIX shifts across timeframes, from 0.58 (all time) to 0.71 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JCPUX vs. JMSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JCPUX

JCPUX Risk / Return Rank: 34
JCPUX Sharpe Ratio Rank: 36
JCPUX Sortino Ratio Rank: 36
JCPUX Omega Ratio Rank: 34
JCPUX Calmar Ratio Rank: 38
JCPUX Martin Ratio Rank: 28

JMSIX

JMSIX Risk / Return Rank: 87
JMSIX Sharpe Ratio Rank: 80
JMSIX Sortino Ratio Rank: 92
JMSIX Omega Ratio Rank: 90
JMSIX Calmar Ratio Rank: 85
JMSIX Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JCPUX vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Plus Bond Fund Class R6 (JCPUX) and JPMorgan Income Fund Class I (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.

	JCPUX	JMSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.88	-0.75
Sortino ratio: Return per unit of downside risk	1.64	3.52	-1.88
Omega ratio: Gain probability vs. loss probability	1.20	1.49	-0.28
Calmar ratio: Return relative to maximum drawdown	1.59	2.89	-1.30
Martin ratio: Return relative to average drawdown	4.13	11.55	-7.42

JCPUX vs. JMSIX - Sharpe Ratio Comparison

The current JCPUX Sharpe Ratio is 1.13, which is lower than the JMSIX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of JCPUX and JMSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JCPUX vs. JMSIX - Drawdown Comparison

The maximum JCPUX drawdown since its inception was -16.81%, smaller than the maximum JMSIX drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for JCPUX and JMSIX.

Drawdown Indicators

	JCPUX	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.81%	-18.40%	+1.59%
Max Drawdown (1Y) Largest decline over 1 year	-2.64%	-1.62%	-1.02%
Max Drawdown (3Y) Largest decline over 3 years	-4.93%	-2.25%	-2.68%
Max Drawdown (5Y) Largest decline over 5 years	-16.81%	-11.39%	-5.42%
Max Drawdown (10Y) Largest decline over 10 years	-16.81%	-18.40%	+1.59%
Current Drawdown Current decline from peak	-1.80%	-0.59%	-1.21%
Average Drawdown Average peak-to-trough decline	-2.29%	-2.54%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	0.41%	+0.60%

Volatility

JCPUX vs. JMSIX - Volatility Comparison

JPMorgan Core Plus Bond Fund Class R6 (JCPUX) has a higher volatility of 1.03% compared to JPMorgan Income Fund Class I (JMSIX) at 0.53%. This indicates that JCPUX'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.

Volatility by Period

	JCPUX	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	0.53%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	1.94%	+0.97%
Volatility (1Y) Calculated over the trailing 1-year period	3.72%	2.50%	+1.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.71%	3.73%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.65%	3.86%	+0.79%

JCPUX vs. JMSIX - Expense Ratio Comparison

JCPUX has a 0.38% expense ratio, which is lower than JMSIX's 0.40% expense ratio.

Dividends

JCPUX vs. JMSIX - Dividend Comparison

JCPUX's dividend yield for the trailing twelve months is around 5.18%, less than JMSIX's 5.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCPUX JPMorgan Core Plus Bond Fund Class R6	5.18%	4.94%	4.96%	4.10%	3.45%	3.32%	4.43%	3.30%	3.15%	2.89%	2.84%	3.49%
JMSIX JPMorgan Income Fund Class I	5.54%	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

Can I hold both JCPUX and JMSIX in my portfolio?

JCPUX and JMSIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCPUX or JMSIX?

JCPUX has higher volatility (1.03%) compared to JMSIX (0.53%). In terms of maximum drawdown, JCPUX dropped -16.81% vs JMSIX's -18.40%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (1.88 vs 1.13), 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.