JMM vs. CBLDX
JMM (Nuveen Multi-Market Income Fund) and CBLDX (CrossingBridge Low Duration High Yield Fund) are both Multisector Bonds funds. Over the past 5 years, JMM returned 0.53%/yr vs 5.18%/yr for CBLDX. At a 0.13 correlation, their price movements are largely independent. JMM charges 0.04%/yr vs 0.88%/yr for CBLDX.
Performance
JMM vs. CBLDX - Performance Comparison
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Returns By Period
In the year-to-date period, JMM achieves a -0.95% return, which is significantly lower than CBLDX's 1.86% return.
JMM
- 1D
- -0.34%
- 1M
- 0.50%
- 6M
- -1.27%
- YTD
- -0.95%
- 1Y
- -4.03%
- 3Y*
- 5.70%
- 5Y*
- 0.53%
- 10Y*
- 2.96%
CBLDX
- 1D
- 0.00%
- 1M
- 0.03%
- 6M
- 1.54%
- YTD
- 1.86%
- 1Y
- 4.35%
- 3Y*
- 6.36%
- 5Y*
- 5.18%
- 10Y*
- —
JMM vs. CBLDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | -0.95% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.78% |
CBLDX CrossingBridge Low Duration High Yield Fund | 1.86% | 6.04% | 7.11% | 7.71% | 0.66% | 7.44% | 3.59% | 3.50% | 1.67% |
Correlation
The correlation between JMM and CBLDX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2018 | 0.13 |
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Return for Risk
JMM vs. CBLDX — Risk / Return Rank
JMM
CBLDX
JMM vs. CBLDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Market Income Fund (JMM) and CrossingBridge Low Duration High Yield Fund (CBLDX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JMM | CBLDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.46 | ||
| Sortino ratioReturn per unit of downside risk | -4.98 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.89 | -0.94 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 6.01 | -6.50 |
| Martin ratioReturn relative to average drawdown | -0.94 | 23.39 | -24.33 |
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Drawdowns
JMM vs. CBLDX - Drawdown Comparison
The maximum JMM drawdown since its inception was -48.15%, which is greater than CBLDX's maximum drawdown of -8.15%. Use the drawdown chart below to compare losses from any high point for JMM and CBLDX.
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Drawdown Indicators
| JMM | CBLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -8.15% | -40.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -0.73% | -7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -9.92% | -1.05% | -8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -1.88% | -22.31% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | — | — |
Current DrawdownCurrent decline from peak | -5.93% | -0.08% | -5.85% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -0.31% | -13.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 0.19% | +4.12% |
Volatility
JMM vs. CBLDX - Volatility Comparison
Nuveen Multi-Market Income Fund (JMM) has a higher volatility of 1.79% compared to CrossingBridge Low Duration High Yield Fund (CBLDX) at 0.32%. This indicates that JMM's price experiences larger fluctuations and is considered to be riskier than CBLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMM | CBLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 0.32% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 1.11% | +7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 1.41% | +10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 1.59% | +11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 1.81% | +12.10% |
JMM vs. CBLDX - Expense Ratio Comparison
JMM has a 0.04% expense ratio, which is lower than CBLDX's 0.88% expense ratio.
Dividends
JMM vs. CBLDX - Dividend Comparison
JMM's dividend yield for the trailing twelve months is around 5.99%, less than CBLDX's 6.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBLDX CrossingBridge Low Duration High Yield Fund | 6.18% | 6.43% | 7.12% | 7.65% | 5.07% | 5.13% | 3.97% | 2.85% | 2.18% | 0.00% | 0.00% | 0.00% |
JMM Nuveen Multi-Market Income Fund | 5.99% | 5.76% | 5.48% | 5.58% | 6.13% | 4.60% | 4.49% | 4.86% | 5.34% | 5.63% | 6.19% | 6.76% |
Frequently Asked Questions
JMM and CBLDX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMM has higher volatility (1.79%) compared to CBLDX (0.32%). In terms of maximum drawdown, JMM dropped -48.15% vs CBLDX's -8.15%.
CBLDX currently has the higher Sharpe Ratio (3.10 vs -0.36), 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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