JMIEX vs. ^TNX
JMIEX (JPMorgan Emerging Markets Equity Fund) is Emerging Markets Diversified fund managed by JPMorgan, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, JMIEX returned 10.81%/yr vs 10.75%/yr for ^TNX. At a 0.17 correlation, their price movements are largely independent.
Performance
JMIEX vs. ^TNX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMIEX achieves a 21.49% return, which is significantly higher than ^TNX's 9.34% return. Both investments have delivered pretty close results over the past 10 years, with JMIEX having a 10.81% annualized return and ^TNX not far behind at 10.75%.
JMIEX
- 1D
- -6.89%
- 1M
- -3.27%
- YTD
- 21.49%
- 6M
- 23.73%
- 1Y
- 49.37%
- 3Y*
- 21.90%
- 5Y*
- 4.25%
- 10Y*
- 10.81%
^TNX
- 1D
- 0.35%
- 1M
- 4.31%
- YTD
- 9.34%
- 6M
- 9.11%
- 1Y
- 0.93%
- 3Y*
- 6.72%
- 5Y*
- 25.04%
- 10Y*
- 10.75%
JMIEX vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMIEX JPMorgan Emerging Markets Equity Fund | 21.49% | 40.27% | 3.48% | 7.32% | -25.68% | -10.29% | 34.88% | 32.04% | -15.91% | 42.70% |
^TNX Treasury Yield 10 Years | 9.34% | -8.97% | 18.29% | -0.34% | 156.55% | 64.89% | -52.21% | -28.56% | 11.68% | -1.68% |
Correlation
The correlation between JMIEX and ^TNX is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 1993 | 0.18 |
The correlation between JMIEX and ^TNX shifts across timeframes, from -0.13 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JMIEX vs. ^TNX — Risk / Return Rank
JMIEX
^TNX
JMIEX vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Equity Fund (JMIEX) and Treasury Yield 10 Years (^TNX). 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.
| JMIEX | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.02 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 0.08 | +3.92 |
| Martin ratioReturn relative to average drawdown | 16.46 | 0.14 | +16.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JMIEX | ^TNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 0.06 | +2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.78 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.23 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | -0.03 | +0.36 |
Drawdowns
JMIEX vs. ^TNX - Drawdown Comparison
The maximum JMIEX drawdown since its inception was -62.02%, smaller than the maximum ^TNX drawdown of -96.85%. Use the drawdown chart below to compare losses from any high point for JMIEX and ^TNX.
Loading charts...
Drawdown Indicators
| JMIEX | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.02% | -96.85% | +34.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -11.94% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -27.41% | +12.35% |
Max Drawdown (5Y)Largest decline over 5 years | -44.85% | -27.41% | -17.44% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -84.57% | +35.06% |
Current DrawdownCurrent decline from peak | -8.69% | -71.26% | +62.57% |
Average DrawdownAverage peak-to-trough decline | -20.16% | -55.00% | +34.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 6.98% | -3.93% |
Volatility
JMIEX vs. ^TNX - Volatility Comparison
JPMorgan Emerging Markets Equity Fund (JMIEX) has a higher volatility of 10.43% compared to Treasury Yield 10 Years (^TNX) at 4.91%. This indicates that JMIEX's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMIEX | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 4.91% | +5.52% |
Volatility (6M)Calculated over the trailing 6-month period | 17.91% | 10.60% | +7.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 15.21% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.48% | 32.40% | -12.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 47.99% | -28.43% |
Frequently Asked Questions
JMIEX and ^TNX have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMIEX has higher volatility (10.43%) compared to ^TNX (4.91%). In terms of maximum drawdown, JMIEX dropped -62.02% vs ^TNX's -96.85%.
JMIEX currently has the higher Sharpe Ratio (2.43 vs 0.06), 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.
Find the right allocation for JMIEX and ^TNX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer