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JMGIX vs. TMPFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JMGIX vs. TMPFX

Last updated Jun 4, 2026

JMGIX (JPMorgan Managed Income Fund) and TMPFX (Tactical Multi-Purpose Fund) are both Ultrashort Bond funds. Over the past 5 years, JMGIX returned 3.35%/yr vs 2.67%/yr for TMPFX. At a 0.00 correlation, their price movements are largely independent. JMGIX charges 0.25%/yr vs 1.14%/yr for TMPFX.

Performance

JMGIX vs. TMPFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Managed Income Fund (JMGIX) and Tactical Multi-Purpose Fund (TMPFX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JMGIX achieves a 1.37% return, which is significantly lower than TMPFX's 1.52% return.

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%

TMPFX

1D
0.00%
1M
0.30%
YTD
1.52%
6M
1.78%
1Y
3.82%
3Y*
3.99%
5Y*
2.67%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JMGIX vs. TMPFX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
JMGIX
JPMorgan Managed Income Fund		1.37%4.87%5.36%4.18%1.13%0.05%1.32%3.02%2.07%
TMPFX
Tactical Multi-Purpose Fund		1.52%3.71%4.26%3.90%0.51%-0.91%-0.60%0.30%-0.30%

Correlation

The correlation between JMGIX and TMPFX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2018

0.00

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Managed Income Fund

Tactical Multi-Purpose Fund

Often compared with JMGIX:
JMGIX vs. VIMAXJMGIX vs. SADIXJMGIX vs. VOOJMGIX vs. VUSFXJMGIX vs. NEIMXJMGIX vs. ^GSPCJMGIX vs. BGRIX
Often compared with TMPFX:
TMPFX vs. VUSBTMPFX vs. VBIRXTMPFX vs. FHCOXTMPFX vs. TSDOXTMPFX vs. BUSIXTMPFX vs. BBBIXTMPFX vs. MOOD

Return for Risk

JMGIX vs. TMPFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JMGIX
JMGIX Risk / Return Rank: 9797
Overall Rank
JMGIX Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
JMGIX Sortino Ratio Rank: 9999
Sortino Ratio Rank
JMGIX Omega Ratio Rank: 9898
Omega Ratio Rank
JMGIX Calmar Ratio Rank: 9999
Calmar Ratio Rank
JMGIX Martin Ratio Rank: 9999
Martin Ratio Rank
TMPFX
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. TMPFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Income Fund (JMGIX) and Tactical Multi-Purpose Fund (TMPFX). 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.

JMGIXTMPFXDifference
Sharpe ratioReturn per unit of total volatility
3.08
6.81

-3.73

Sortino ratioReturn per unit of downside risk
7.90

—

—

Omega ratioGain probability vs. loss probability

2.49

—

—

Calmar ratioReturn relative to maximum drawdown

10.68

—

—

Martin ratioReturn 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.

JMGIX vs. TMPFX - Sharpe Ratio Comparison

The current JMGIX Sharpe Ratio is 3.08, which is lower than the TMPFX Sharpe Ratio of 6.81. The chart below compares the historical Sharpe Ratios of JMGIX and TMPFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JMGIXTMPFXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.08

6.81

-3.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

2.62

1.15

+1.47

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

0.81

+1.19

Drawdowns

JMGIX vs. TMPFX - Drawdown Comparison

The maximum JMGIX drawdown since its inception was -2.18%, smaller than the maximum TMPFX drawdown of -3.52%. Use the drawdown chart below to compare losses from any high point for JMGIX and TMPFX.

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Drawdown Indicators

JMGIXTMPFXDifference

Max Drawdown

Largest peak-to-trough decline

-2.18%

-3.52%

+1.34%

Max Drawdown (1Y)

Largest decline over 1 year

-0.40%

0.00%

-0.40%

Max Drawdown (3Y)

Largest decline over 3 years

-0.40%

-3.52%

+3.12%

Max Drawdown (5Y)

Largest decline over 5 years

-0.70%

-3.52%

+2.82%

Max Drawdown (10Y)

Largest decline over 10 years

-2.18%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-0.07%

-0.65%

+0.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.09%

0.00%

+0.09%

Volatility

JMGIX vs. TMPFX - Volatility Comparison

JPMorgan Managed Income Fund (JMGIX) has a higher volatility of 0.39% compared to Tactical Multi-Purpose Fund (TMPFX) at 0.16%. This indicates that JMGIX's price experiences larger fluctuations and is considered to be riskier than TMPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JMGIXTMPFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.39%

0.16%

+0.23%

Volatility (6M)

Calculated over the trailing 6-month period

0.98%

0.39%

+0.59%

Volatility (1Y)

Calculated over the trailing 1-year period

1.38%

0.56%

+0.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.29%

2.33%

-1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.06%

1.81%

-0.75%

JMGIX vs. TMPFX - Expense Ratio Comparison

JMGIX has a 0.25% expense ratio, which is lower than TMPFX's 1.14% expense ratio.

Dividends

JMGIX vs. TMPFX - Dividend Comparison

JMGIX's dividend yield for the trailing twelve months is around 4.14%, more than TMPFX's 3.75% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
TMPFX
Tactical Multi-Purpose Fund		3.75%3.81%4.15%3.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

JMGIX and TMPFX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

JMGIX has higher volatility (0.39%) compared to TMPFX (0.16%). In terms of maximum drawdown, JMGIX dropped -2.18% vs TMPFX's -3.52%.

TMPFX currently has the higher Sharpe Ratio (6.81 vs 3.08), 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.

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