JGACX vs. JMSIX

Last updated Jun 5, 2026

JGACX (JPMorgan Growth Advantage Fund) and JMSIX (JPMorgan Income Fund) are both mutual funds - JGACX is a Large Cap Growth Equities fund managed by JPMorgan, while JMSIX is a Multisector Bonds fund managed by JPMorgan. Over the past 10 years, JGACX returned 18.19%/yr vs 3.97%/yr for JMSIX. At a 0.22 correlation, their price movements are largely independent. JGACX charges 1.54%/yr vs 0.40%/yr for JMSIX.

Performance

JGACX vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Growth Advantage Fund (JGACX) and JPMorgan Income Fund (JMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGACX achieves a 6.19% return, which is significantly higher than JMSIX's 1.23% return. Over the past 10 years, JGACX has outperformed JMSIX with an annualized return of 18.19%, while JMSIX has yielded a comparatively lower 3.97% annualized return.

JGACX

• 1D: -1.20%
• 1M: 3.65%
• YTD: 6.19%
• 6M: 4.51%
• 1Y: 20.51%
• 3Y*: 25.28%
• 5Y*: 13.70%
• 10Y*: 18.19%

JMSIX

• 1D: -0.12%
• 1M: 0.27%
• YTD: 1.23%
• 6M: 1.73%
• 1Y: 5.55%
• 3Y*: 7.08%
• 5Y*: 2.78%
• 10Y*: 3.97%

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

JGACX vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGACX JPMorgan Growth Advantage Fund	6.19%	14.89%	41.22%	39.06%	-30.57%	20.93%	52.51%	35.24%	-2.01%	28.54%
JMSIX JPMorgan Income Fund	1.23%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%

Correlation

The correlation between JGACX and JMSIX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Nov 10, 2014	0.22

Return for Risk

JGACX vs. JMSIX — Risk / Return Rank

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

JGACX

JGACX Risk / Return Rank: 19
JGACX Sharpe Ratio Rank: 23
JGACX Sortino Ratio Rank: 20
JGACX Omega Ratio Rank: 22
JGACX Calmar Ratio Rank: 15
JGACX Martin Ratio Rank: 15

JMSIX

JMSIX Risk / Return Rank: 79
JMSIX Sharpe Ratio Rank: 60
JMSIX Sortino Ratio Rank: 91
JMSIX Omega Ratio Rank: 86
JMSIX Calmar Ratio Rank: 79
JMSIX Martin Ratio Rank: 80

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.

JGACX vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Growth Advantage Fund (JGACX) 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.

	JGACX	JMSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	2.30	-0.94
Sortino ratio: Return per unit of downside risk	1.90	4.54	-2.63
Omega ratio: Gain probability vs. loss probability	1.24	1.60	-0.36
Calmar ratio: Return relative to maximum drawdown	1.33	3.59	-2.25
Martin ratio: Return relative to average drawdown	4.21	14.87	-10.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGACX vs. JMSIX - Sharpe Ratio Comparison

The current JGACX Sharpe Ratio is 1.36, which is lower than the JMSIX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of JGACX 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.

Sharpe Ratios by Period

	JGACX	JMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	2.30	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.75	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	1.03	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.79	-0.21

Drawdowns

JGACX vs. JMSIX - Drawdown Comparison

The maximum JGACX drawdown since its inception was -54.27%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for JGACX and JMSIX.

Drawdown Indicators

	JGACX	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-54.27%	-18.40%	-35.87%
Max Drawdown (1Y) Largest decline over 1 year	-15.94%	-1.62%	-14.32%
Max Drawdown (3Y) Largest decline over 3 years	-24.45%	-2.31%	-22.14%
Max Drawdown (5Y) Largest decline over 5 years	-35.58%	-11.39%	-24.19%
Max Drawdown (10Y) Largest decline over 10 years	-35.58%	-18.40%	-17.18%
Current Drawdown Current decline from peak	-1.20%	-0.12%	-1.08%
Average Drawdown Average peak-to-trough decline	-9.25%	-2.57%	-6.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.03%	0.39%	+4.64%

Volatility

JGACX vs. JMSIX - Volatility Comparison

JPMorgan Growth Advantage Fund (JGACX) has a higher volatility of 4.11% compared to JPMorgan Income Fund (JMSIX) at 0.82%. This indicates that JGACX'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

	JGACX	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	0.82%	+3.29%
Volatility (6M) Calculated over the trailing 6-month period	11.83%	1.88%	+9.95%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	2.54%	+13.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	3.73%	+18.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.94%	3.87%	+19.07%

JGACX vs. JMSIX - Expense Ratio Comparison

JGACX has a 1.54% expense ratio, which is higher than JMSIX's 0.40% expense ratio.

Dividends

JGACX vs. JMSIX - Dividend Comparison

JGACX's dividend yield for the trailing twelve months is around 16.22%, more than JMSIX's 6.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGACX JPMorgan Growth Advantage Fund	16.22%	17.22%	16.40%	0.81%	0.54%	19.49%	12.46%	11.71%	11.44%	0.16%	0.00%	3.95%
JMSIX JPMorgan Income Fund	6.03%	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 JGACX and JMSIX in my portfolio?

JGACX and JMSIX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGACX or JMSIX?

JGACX has higher volatility (4.11%) compared to JMSIX (0.82%). In terms of maximum drawdown, JGACX dropped -54.27% vs JMSIX's -18.40%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (2.30 vs 1.36), 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.