JMM vs. ETSIX
JMM (Nuveen Multi-Market Income Fund) and ETSIX (Eaton Vance Strategic Income Fund Class I) are both Multisector Bonds funds. Over the past 10 years, JMM returned 3.00%/yr vs 4.81%/yr for ETSIX. At a 0.13 correlation, their price movements are largely independent. JMM charges 0.04%/yr vs 1.46%/yr for ETSIX.
Performance
JMM vs. ETSIX - 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 ETSIX's 2.34% return. Over the past 10 years, JMM has underperformed ETSIX with an annualized return of 3.00%, while ETSIX has yielded a comparatively higher 4.81% annualized return.
JMM
- 1D
- 0.00%
- 1M
- 1.16%
- YTD
- -0.95%
- 6M
- -0.78%
- 1Y
- -0.14%
- 3Y*
- 6.05%
- 5Y*
- 0.70%
- 10Y*
- 3.00%
ETSIX
- 1D
- 0.15%
- 1M
- 0.86%
- YTD
- 2.34%
- 6M
- 2.53%
- 1Y
- 8.92%
- 3Y*
- 8.11%
- 5Y*
- 4.95%
- 10Y*
- 4.81%
JMM vs. ETSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | -0.95% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
ETSIX Eaton Vance Strategic Income Fund Class I | 2.34% | 10.88% | 6.38% | 8.24% | -2.55% | 1.33% | 7.52% | 6.58% | -2.68% | 4.90% |
Correlation
The correlation between JMM and ETSIX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 1998 | 0.13 |
Over the past year, JMM and ETSIX have become more correlated (0.40) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
JMM vs. ETSIX — Risk / Return Rank
JMM
ETSIX
JMM vs. ETSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Market Income Fund (JMM) and Eaton Vance Strategic Income Fund Class I (ETSIX). 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 | ETSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.22 | ||
| Sortino ratioReturn per unit of downside risk | -4.61 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.70 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.82 | -3.84 |
| Martin ratioReturn relative to average drawdown | -0.03 | 13.05 | -13.08 |
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Drawdowns
JMM vs. ETSIX - Drawdown Comparison
The maximum JMM drawdown since its inception was -48.15%, which is greater than ETSIX's maximum drawdown of -12.63%. Use the drawdown chart below to compare losses from any high point for JMM and ETSIX.
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Drawdown Indicators
| JMM | ETSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -12.63% | -35.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -2.43% | -5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -9.92% | -2.52% | -7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -6.34% | -17.85% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | -12.28% | -14.20% |
Current DrawdownCurrent decline from peak | -5.93% | -0.46% | -5.47% |
Average DrawdownAverage peak-to-trough decline | -14.09% | -1.43% | -12.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 0.71% | +3.45% |
Volatility
JMM vs. ETSIX - Volatility Comparison
Nuveen Multi-Market Income Fund (JMM) has a higher volatility of 2.93% compared to Eaton Vance Strategic Income Fund Class I (ETSIX) at 1.11%. This indicates that JMM's price experiences larger fluctuations and is considered to be riskier than ETSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMM | ETSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 1.11% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 2.35% | +5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 2.90% | +8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 3.24% | +10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 3.15% | +10.77% |
JMM vs. ETSIX - Expense Ratio Comparison
JMM has a 0.04% expense ratio, which is lower than ETSIX's 1.46% expense ratio.
Dividends
JMM vs. ETSIX - Dividend Comparison
JMM's dividend yield for the trailing twelve months is around 5.99%, less than ETSIX's 7.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETSIX Eaton Vance Strategic Income Fund Class I | 7.09% | 5.65% | 6.97% | 6.93% | 5.56% | 4.31% | 4.19% | 4.29% | 3.98% | 3.70% | 3.94% | 4.32% |
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 ETSIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMM has higher volatility (2.93%) compared to ETSIX (1.11%). In terms of maximum drawdown, JMM dropped -48.15% vs ETSIX's -12.63%.
ETSIX currently has the higher Sharpe Ratio (3.21 vs -0.01), 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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