JMGIX vs. SADIX
Compare and contrast key facts about JPMorgan Managed Income Fund (JMGIX) and Allspring Ultra Short-Term Income Fund (SADIX).
JMGIX is managed by Blackrock. It was launched on Sep 30, 2010. SADIX is managed by Allspring Global Investments. It was launched on Aug 31, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMGIX or SADIX.
Correlation
The correlation between JMGIX and SADIX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
JMGIX vs. SADIX - Performance Comparison
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Key characteristics
JMGIX:
3.19
SADIX:
3.95
JMGIX:
10.20
SADIX:
12.68
JMGIX:
3.04
SADIX:
3.83
JMGIX:
17.39
SADIX:
11.71
JMGIX:
56.08
SADIX:
61.13
JMGIX:
0.09%
SADIX:
0.11%
JMGIX:
1.62%
SADIX:
1.69%
JMGIX:
-2.18%
SADIX:
-7.34%
JMGIX:
-0.20%
SADIX:
0.00%
Returns By Period
In the year-to-date period, JMGIX achieves a 1.51% return, which is significantly lower than SADIX's 1.61% return. Over the past 10 years, JMGIX has underperformed SADIX with an annualized return of 2.17%, while SADIX has yielded a comparatively higher 3.01% annualized return.
JMGIX
1.51%
0.37%
2.31%
5.20%
2.75%
2.17%
SADIX
1.61%
0.60%
2.52%
6.63%
4.30%
3.01%
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JMGIX vs. SADIX - Expense Ratio Comparison
JMGIX has a 0.25% expense ratio, which is lower than SADIX's 0.26% 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%.
Risk-Adjusted Performance
JMGIX vs. SADIX — Risk-Adjusted Performance Rank
JMGIX
SADIX
JMGIX vs. SADIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Income Fund (JMGIX) and Allspring Ultra Short-Term Income Fund (SADIX). 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.
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Dividends
JMGIX vs. SADIX - Dividend Comparison
JMGIX's dividend yield for the trailing twelve months is around 4.86%, less than SADIX's 5.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMGIX JPMorgan Managed Income Fund | 4.86% | 5.11% | 4.57% | 1.31% | 0.45% | 1.31% | 2.57% | 2.15% | 1.40% | 0.92% | 0.43% | 0.40% |
SADIX Allspring Ultra Short-Term Income Fund | 5.25% | 6.22% | 4.64% | 2.18% | 1.06% | 1.87% | 2.46% | 2.04% | 1.50% | 1.36% | 1.13% | 1.11% |
Drawdowns
JMGIX vs. SADIX - Drawdown Comparison
The maximum JMGIX drawdown since its inception was -2.18%, smaller than the maximum SADIX drawdown of -7.34%. Use the drawdown chart below to compare losses from any high point for JMGIX and SADIX. For additional features, visit the drawdowns tool.
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Volatility
JMGIX vs. SADIX - Volatility Comparison
JPMorgan Managed Income Fund (JMGIX) has a higher volatility of 0.51% compared to Allspring Ultra Short-Term Income Fund (SADIX) at 0.43%. This indicates that JMGIX's price experiences larger fluctuations and is considered to be riskier than SADIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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