JMM vs. EVG
JMM (Nuveen Multi-Market Income Fund) and EVG (Eaton Vance Short Duration Diversified Income Fund) are both Multisector Bonds funds. Over the past 10 years, JMM returned 2.91%/yr vs 5.77%/yr for EVG. Their 0.18 correlation means their historical movements had little consistent relationship. JMM charges 0.04%/yr vs 0.02%/yr for EVG.
Performance
JMM vs. EVG - Performance Comparison
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Returns By Period
In the year-to-date period, JMM achieves a -1.14% return, which is significantly lower than EVG's 0.98% return. Over the past 10 years, JMM has underperformed EVG with an annualized return of 2.91%, while EVG has yielded a comparatively higher 5.77% annualized return.
JMM
- 1D
- -0.52%
- 1M
- -1.04%
- 6M
- -3.99%
- YTD
- -1.14%
- 1Y
- -4.21%
- 3Y*
- 5.03%
- 5Y*
- 0.49%
- 10Y*
- 2.91%
- ALL TIME*
- 2.92%
EVG
- 1D
- 0.10%
- 1M
- -1.93%
- 6M
- -0.44%
- YTD
- 0.98%
- 1Y
- 3.00%
- 3Y*
- 10.64%
- 5Y*
- 4.69%
- 10Y*
- 5.77%
- ALL TIME*
- 4.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $318.49K | $317.03K | $358.45K | |
| $40.44K | $35.48K | $52.62K |
JMM vs. EVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | -1.14% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
EVG Eaton Vance Short Duration Diversified Income Fund | 0.98% | 8.43% | 14.80% | 11.90% | -14.12% | 17.10% | -1.68% | 16.48% | -7.59% | 10.82% |
Correlation
The correlation between JMM and EVG is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2005 | 0.18 |
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Return for Risk
JMM vs. EVG — Risk / Return Rank
JMM
EVG
JMM vs. EVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Market Income Fund (JMM) and Eaton Vance Short Duration Diversified Income Fund (EVG). 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 | EVG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.07 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 0.60 | -0.96 |
| Martin ratioReturn relative to average drawdown | -0.66 | 1.72 | -2.38 |
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Drawdowns
JMM vs. EVG - Drawdown Comparison
The maximum JMM drawdown since its inception was -48.15%, which is greater than EVG's maximum drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for JMM and EVG.
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Drawdown Indicators
| JMM | EVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -40.60% | -7.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -5.03% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -9.92% | -8.24% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -23.35% | -0.84% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | -32.75% | +6.27% |
Current DrawdownCurrent decline from peak | -6.11% | -2.78% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -14.07% | -6.19% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 1.75% | +2.77% |
Volatility
JMM vs. EVG - Volatility Comparison
Nuveen Multi-Market Income Fund (JMM) has a higher volatility of 2.51% compared to Eaton Vance Short Duration Diversified Income Fund (EVG) at 1.73%. This indicates that JMM's price experiences larger fluctuations and is considered to be riskier than EVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMM | EVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 1.73% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | 6.60% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 8.41% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 12.28% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 12.99% | +0.91% |
JMM vs. EVG - Expense Ratio Comparison
JMM has a 0.04% expense ratio, which is higher than EVG's 0.02% 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
JMM vs. EVG - Dividend Comparison
JMM's dividend yield for the trailing twelve months is around 6.03%, less than EVG's 8.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVG Eaton Vance Short Duration Diversified Income Fund | 8.50% | 8.15% | 8.69% | 9.18% | 12.40% | 8.75% | 6.67% | 6.96% | 6.63% | 6.68% | 7.79% | 8.05% |
JMM Nuveen Multi-Market Income Fund | 6.03% | 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 EVG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMM has higher volatility (2.51%) compared to EVG (1.73%). In terms of maximum drawdown, JMM dropped -48.15% vs EVG's -40.60%.
EVG currently has the higher Sharpe Ratio (0.36 vs -0.27), 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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