JMGIX vs. BUSIX

Last updated Jun 4, 2026

JMGIX (JPMorgan Managed Income Fund) and BUSIX (Sterling Capital Ultra Short Bond Fund) are both Ultrashort Bond funds. At a 0.42 correlation, their price movements are largely independent. JMGIX charges 0.25%/yr vs 0.27%/yr for BUSIX.

Performance

JMGIX vs. BUSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Income Fund (JMGIX) and Sterling Capital Ultra Short Bond Fund (BUSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JMGIX

• 1D: 0.00%
• 1M: 0.34%
• YTD: 1.37%
• 6M: 1.72%
• 1Y: 4.23%
• 3Y*: 4.90%
• 5Y*: 3.35%
• 10Y*: 2.46%

BUSIX

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

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

JMGIX vs. BUSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMGIX JPMorgan Managed Income Fund	1.37%	4.87%	5.36%	4.18%	1.13%	0.05%	1.32%	3.02%	2.07%	1.30%
BUSIX Sterling Capital Ultra Short Bond Fund	0.83%	4.93%	5.87%	5.09%	0.32%	0.31%	2.16%	3.27%	1.66%	1.37%

Correlation

The correlation between JMGIX and BUSIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013	0.42

The correlation between JMGIX and BUSIX has been stable across timeframes, ranging from 0.42 to 0.50 - a consistent structural relationship.

Return for Risk

JMGIX vs. BUSIX — Risk / Return Rank

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

JMGIX

JMGIX Risk / Return Rank: 97
JMGIX Sharpe Ratio Rank: 92
JMGIX Sortino Ratio Rank: 99
JMGIX Omega Ratio Rank: 98
JMGIX Calmar Ratio Rank: 99
JMGIX Martin Ratio Rank: 99

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.

JMGIX vs. BUSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Income Fund (JMGIX) and Sterling Capital Ultra Short Bond Fund (BUSIX). 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.

	JMGIX	BUSIX	Difference
Sharpe ratio: Return per unit of total volatility	3.08	—	—
Sortino ratio: Return per unit of downside risk	7.90	—	—
Omega ratio: Gain probability vs. loss probability	2.49	—	—
Calmar ratio: Return relative to maximum drawdown	10.68	—	—
Martin ratio: Return relative to average drawdown	49.62	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JMGIX	BUSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.08	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.62	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	2.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.00	—	—

Drawdowns

Drawdown Indicators

	JMGIX	BUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-2.18%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.40%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-2.18%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.07%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.09%	—	—

Volatility

Volatility by Period

	JMGIX	BUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.29%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.06%	—	—

JMGIX vs. BUSIX - Expense Ratio Comparison

JMGIX has a 0.25% expense ratio, which is lower than BUSIX's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JMGIX vs. BUSIX - Dividend Comparison

JMGIX's dividend yield for the trailing twelve months is around 4.14%, more than BUSIX's 3.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUSIX Sterling Capital Ultra Short Bond Fund	3.19%	4.29%	4.65%	3.48%	1.87%	1.24%	1.72%	2.60%	2.05%	1.57%	1.74%	1.36%
JMGIX JPMorgan Managed Income Fund	4.14%	4.34%	5.11%	3.77%	1.32%	0.45%	1.31%	2.58%	2.15%	1.39%	0.11%	0.01%

Frequently Asked Questions

Can I hold both JMGIX and BUSIX in my portfolio?

JMGIX and BUSIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.