JMGIX vs. VTMFX
Compare and contrast key facts about JPMorgan Managed Income Fund (JMGIX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX).
JMGIX is managed by BlackRock. It was launched on Sep 30, 2010. VTMFX is managed by BlackRock. It was launched on Sep 6, 1994.
Performance
JMGIX vs. VTMFX - Performance Comparison
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JMGIX vs. VTMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMGIX JPMorgan Managed Income Fund | 0.35% | 4.87% | 5.36% | 4.18% | 1.13% | 0.05% | 1.32% | 3.02% | 2.07% | 1.30% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | -2.15% | 11.28% | 12.17% | 15.55% | -12.69% | 13.10% | 13.31% | 18.01% | -1.40% | 12.61% |
Returns By Period
In the year-to-date period, JMGIX achieves a 0.35% return, which is significantly higher than VTMFX's -2.15% return. Over the past 10 years, JMGIX has underperformed VTMFX with an annualized return of 2.37%, while VTMFX has yielded a comparatively higher 7.97% annualized return.
JMGIX
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- 0.35%
- 6M
- 1.40%
- 1Y
- 3.95%
- 3Y*
- 4.60%
- 5Y*
- 3.16%
- 10Y*
- 2.37%
VTMFX
- 1D
- 1.46%
- 1M
- -3.58%
- YTD
- -2.15%
- 6M
- -0.34%
- 1Y
- 10.95%
- 3Y*
- 10.43%
- 5Y*
- 6.18%
- 10Y*
- 7.97%
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JMGIX vs. VTMFX - Expense Ratio Comparison
JMGIX has a 0.25% expense ratio, which is higher than VTMFX's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
JMGIX vs. VTMFX — Risk / Return Rank
JMGIX
VTMFX
JMGIX vs. VTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Income Fund (JMGIX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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 | VTMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.85 | 1.34 | +1.51 |
Sortino ratioReturn per unit of downside risk | 7.27 | 1.94 | +5.33 |
Omega ratioGain probability vs. loss probability | 2.35 | 1.29 | +1.06 |
Calmar ratioReturn relative to maximum drawdown | 10.96 | 1.73 | +9.23 |
Martin ratioReturn relative to average drawdown | 41.04 | 8.12 | +32.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JMGIX | VTMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 1.34 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.53 | 0.73 | +1.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.28 | 0.88 | +1.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.97 | 0.82 | +1.15 |
Correlation
The correlation between JMGIX and VTMFX is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JMGIX vs. VTMFX - Dividend Comparison
JMGIX's dividend yield for the trailing twelve months is around 3.88%, more than VTMFX's 2.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMGIX JPMorgan Managed Income Fund | 3.88% | 4.34% | 5.11% | 3.77% | 1.32% | 0.45% | 1.31% | 2.58% | 2.15% | 1.39% | 0.11% | 0.01% |
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares | 2.28% | 2.14% | 2.08% | 1.94% | 1.85% | 1.38% | 1.72% | 2.05% | 2.22% | 2.00% | 2.13% | 2.06% |
Drawdowns
JMGIX vs. VTMFX - Drawdown Comparison
The maximum JMGIX drawdown since its inception was -2.18%, smaller than the maximum VTMFX drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for JMGIX and VTMFX.
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Drawdown Indicators
| JMGIX | VTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.18% | -28.49% | +26.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -6.82% | +6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -0.70% | -17.40% | +16.70% |
Max Drawdown (10Y)Largest decline over 10 years | -2.18% | -21.87% | +19.69% |
Current DrawdownCurrent decline from peak | -0.30% | -4.00% | +3.70% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -3.57% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 1.45% | -1.34% |
Volatility
JMGIX vs. VTMFX - Volatility Comparison
The current volatility for JPMorgan Managed Income Fund (JMGIX) is 0.32%, while Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) has a volatility of 2.86%. This indicates that JMGIX experiences smaller price fluctuations and is considered to be less risky than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMGIX | VTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 2.86% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 4.82% | -3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.44% | 8.55% | -7.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.26% | 8.51% | -7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.04% | 9.10% | -8.06% |