JMGIX vs. WFSPX
JMGIX (JPMorgan Managed Income Fund) and WFSPX (iShares S&P 500 Index Fund) are both mutual funds - JMGIX is a Ultrashort Bond fund managed by BlackRock, while WFSPX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, JMGIX returned 2.46%/yr vs 15.54%/yr for WFSPX. At a 0.02 correlation, their price movements are largely independent. JMGIX charges 0.25%/yr vs 0.03%/yr for WFSPX.
Performance
JMGIX vs. WFSPX - Performance Comparison
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Returns By Period
In the year-to-date period, JMGIX achieves a 1.37% return, which is significantly lower than WFSPX's 11.69% return. Over the past 10 years, JMGIX has underperformed WFSPX with an annualized return of 2.46%, while WFSPX has yielded a comparatively higher 15.54% annualized 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%
WFSPX
- 1D
- 0.13%
- 1M
- 5.80%
- YTD
- 11.69%
- 6M
- 11.72%
- 1Y
- 28.93%
- 3Y*
- 22.71%
- 5Y*
- 14.24%
- 10Y*
- 15.54%
JMGIX vs. WFSPX - 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% |
WFSPX iShares S&P 500 Index Fund | 11.69% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Correlation
The correlation between JMGIX and WFSPX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2012 | 0.02 |
Over the past year, JMGIX and WFSPX have become more correlated (0.23) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
JMGIX vs. WFSPX — Risk / Return Rank
JMGIX
WFSPX
JMGIX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Managed Income Fund (JMGIX) and iShares S&P 500 Index Fund (WFSPX). 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 | WFSPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +4.48 | ||
| Omega ratioGain probability vs. loss probability | 2.49 | 1.46 | +1.03 |
| Calmar ratioReturn relative to maximum drawdown | 10.68 | 3.35 | +7.33 |
| Martin ratioReturn relative to average drawdown | 49.62 | 15.65 | +33.97 |
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 | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 2.52 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.62 | 0.85 | +1.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.33 | 0.87 | +1.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.00 | 0.13 | +1.86 |
Drawdowns
JMGIX vs. WFSPX - Drawdown Comparison
The maximum JMGIX drawdown since its inception was -2.18%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for JMGIX and WFSPX.
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Drawdown Indicators
| JMGIX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.18% | -58.21% | +56.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -8.90% | +8.50% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -18.74% | +18.34% |
Max Drawdown (5Y)Largest decline over 5 years | -0.70% | -24.51% | +23.81% |
Max Drawdown (10Y)Largest decline over 10 years | -2.18% | -33.74% | +31.56% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.07% | -12.77% | +12.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.90% | -1.81% |
Volatility
JMGIX vs. WFSPX - Volatility Comparison
The current volatility for JPMorgan Managed Income Fund (JMGIX) is 0.39%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 2.82%. This indicates that JMGIX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMGIX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 2.82% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 8.97% | -7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 11.85% | -10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.29% | 16.88% | -15.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.06% | 18.02% | -16.96% |
JMGIX vs. WFSPX - Expense Ratio Comparison
JMGIX has a 0.25% expense ratio, which is higher than WFSPX's 0.03% 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%.
Dividends
JMGIX vs. WFSPX - Dividend Comparison
JMGIX's dividend yield for the trailing twelve months is around 4.14%, more than WFSPX's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WFSPX iShares S&P 500 Index Fund | 1.56% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Frequently Asked Questions
JMGIX and WFSPX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFSPX has higher volatility (2.82%) compared to JMGIX (0.39%). In terms of maximum drawdown, JMGIX dropped -2.18% vs WFSPX's -58.21%.
JMGIX currently has the higher Sharpe Ratio (3.08 vs 2.52), 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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