JGIAX vs. VCIT

Last updated Jun 5, 2026

JGIAX (JPMorgan Income Fund Class A) and VCIT (Vanguard Intermediate-Term Corporate Bond ETF) are both funds - JGIAX is a Multisector Bonds fund actively managed by JPMorgan, while VCIT is a Corporate Bonds fund tracking the Bloomberg U.S. 5-10 Year Corporate Bond Index. JGIAX is actively managed, while VCIT is passively managed. Over the past 10 years, JGIAX returned 3.98%/yr vs 2.97%/yr for VCIT. A 0.55 correlation means they provide meaningful diversification when combined. JGIAX charges 0.65%/yr vs 0.03%/yr for VCIT.

Performance

JGIAX vs. VCIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income Fund Class A (JGIAX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGIAX achieves a 1.13% return, which is significantly higher than VCIT's 0.31% return. Over the past 10 years, JGIAX has outperformed VCIT with an annualized return of 3.98%, while VCIT has yielded a comparatively lower 2.97% annualized return.

JGIAX

• 1D: -0.12%
• 1M: 0.25%
• YTD: 1.13%
• 6M: 1.61%
• 1Y: 5.30%
• 3Y*: 6.80%
• 5Y*: 2.52%
• 10Y*: 3.98%

VCIT

• 1D: 0.13%
• 1M: 0.24%
• YTD: 0.31%
• 6M: 0.39%
• 1Y: 5.69%
• 3Y*: 6.09%
• 5Y*: 1.24%
• 10Y*: 2.97%

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

JGIAX vs. VCIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGIAX JPMorgan Income Fund Class A	1.13%	7.41%	7.48%	5.88%	-8.48%	3.34%	2.79%	11.51%	0.87%	5.62%
VCIT Vanguard Intermediate-Term Corporate Bond ETF	0.31%	9.34%	3.20%	8.98%	-13.98%	-1.77%	9.46%	14.10%	-1.74%	5.31%

Correlation

The correlation between JGIAX and VCIT is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 10, 2014	0.55

The correlation between JGIAX and VCIT shifts across timeframes, from 0.55 (all time) to 0.70 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

JGIAX vs. VCIT — Risk / Return Rank

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

JGIAX

JGIAX Risk / Return Rank: 81
JGIAX Sharpe Ratio Rank: 65
JGIAX Sortino Ratio Rank: 92
JGIAX Omega Ratio Rank: 87
JGIAX Calmar Ratio Rank: 80
JGIAX Martin Ratio Rank: 80

VCIT

VCIT Risk / Return Rank: 40
VCIT Sharpe Ratio Rank: 41
VCIT Sortino Ratio Rank: 41
VCIT Omega Ratio Rank: 39
VCIT Calmar Ratio Rank: 40
VCIT Martin Ratio Rank: 41

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.

JGIAX vs. VCIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Fund Class A (JGIAX) and Vanguard Intermediate-Term Corporate Bond ETF (VCIT). 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.

	JGIAX	VCIT	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.40	+0.88
Sortino ratio: Return per unit of downside risk	4.55	2.07	+2.48
Omega ratio: Gain probability vs. loss probability	1.60	1.25	+0.36
Calmar ratio: Return relative to maximum drawdown	3.43	1.93	+1.50
Martin ratio: Return relative to average drawdown	14.36	6.44	+7.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGIAX vs. VCIT - Sharpe Ratio Comparison

The current JGIAX Sharpe Ratio is 2.28, which is higher than the VCIT Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of JGIAX and VCIT, 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

	JGIAX	VCIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.40	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.19	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.04	0.47	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.76	+0.23

Drawdowns

JGIAX vs. VCIT - Drawdown Comparison

The maximum JGIAX drawdown since its inception was -18.39%, smaller than the maximum VCIT drawdown of -20.56%. Use the drawdown chart below to compare losses from any high point for JGIAX and VCIT.

Drawdown Indicators

	JGIAX	VCIT	Difference
Max Drawdown Largest peak-to-trough decline	-18.39%	-20.56%	+2.17%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-2.96%	+1.34%
Max Drawdown (3Y) Largest decline over 3 years	-2.38%	-6.11%	+3.73%
Max Drawdown (5Y) Largest decline over 5 years	-11.63%	-20.56%	+8.93%
Max Drawdown (10Y) Largest decline over 10 years	-18.39%	-20.56%	+2.17%
Current Drawdown Current decline from peak	-0.12%	-1.22%	+1.10%
Average Drawdown Average peak-to-trough decline	-2.10%	-3.16%	+1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	0.89%	-0.50%

Volatility

JGIAX vs. VCIT - Volatility Comparison

The current volatility for JPMorgan Income Fund Class A (JGIAX) is 0.79%, while Vanguard Intermediate-Term Corporate Bond ETF (VCIT) has a volatility of 1.38%. This indicates that JGIAX experiences smaller price fluctuations and is considered to be less risky than VCIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGIAX	VCIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	1.38%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	1.76%	3.06%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	2.44%	4.10%	-1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.71%	6.61%	-2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.86%	6.28%	-2.42%

JGIAX vs. VCIT - Expense Ratio Comparison

JGIAX has a 0.65% expense ratio, which is higher than VCIT's 0.03% expense ratio.

Dividends

JGIAX vs. VCIT - Dividend Comparison

JGIAX's dividend yield for the trailing twelve months is around 5.79%, more than VCIT's 4.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGIAX JPMorgan Income Fund Class A	5.79%	5.71%	5.51%	4.19%	4.49%	3.75%	4.69%	4.84%	5.15%	5.16%	5.21%	5.44%
VCIT Vanguard Intermediate-Term Corporate Bond ETF	4.80%	4.62%	4.43%	3.72%	3.03%	2.87%	2.78%	3.37%	3.61%	3.21%	3.29%	3.34%

Frequently Asked Questions

Can I hold both JGIAX and VCIT in my portfolio?

JGIAX and VCIT have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGIAX or VCIT?

VCIT has higher volatility (1.38%) compared to JGIAX (0.79%). In terms of maximum drawdown, JGIAX dropped -18.39% vs VCIT's -20.56%.

Which has better risk-adjusted returns?

JGIAX currently has the higher Sharpe Ratio (2.28 vs 1.40), 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.