JMM vs. ICMUX
JMM (Nuveen Multi-Market Income Fund) and ICMUX (Intrepid Income Fund) are both Multisector Bonds funds. Over the past 10 years, JMM returned 3.00%/yr vs 5.81%/yr for ICMUX. At a 0.18 correlation, their price movements are largely independent. JMM charges 0.04%/yr vs 0.91%/yr for ICMUX.
Performance
JMM vs. ICMUX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JMM achieves a -0.95% return, which is significantly lower than ICMUX's 2.09% return. Over the past 10 years, JMM has underperformed ICMUX with an annualized return of 3.00%, while ICMUX has yielded a comparatively higher 5.81% 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%
ICMUX
- 1D
- -0.11%
- 1M
- 0.03%
- YTD
- 2.09%
- 6M
- 2.35%
- 1Y
- 7.19%
- 3Y*
- 9.50%
- 5Y*
- 6.16%
- 10Y*
- 5.81%
JMM vs. ICMUX - 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% |
ICMUX Intrepid Income Fund | 2.09% | 8.16% | 10.43% | 10.90% | -3.17% | 10.02% | 8.77% | 4.65% | 0.53% | 3.79% |
Correlation
The correlation between JMM and ICMUX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2010 | 0.18 |
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
JMM vs. ICMUX — Risk / Return Rank
JMM
ICMUX
JMM vs. ICMUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Market Income Fund (JMM) and Intrepid Income Fund (ICMUX). 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 | ICMUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.86 | ||
| Sortino ratioReturn per unit of downside risk | -6.30 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.95 | -0.95 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 5.56 | -5.58 |
| Martin ratioReturn relative to average drawdown | -0.03 | 19.36 | -19.40 |
Loading charts...
Drawdowns
JMM vs. ICMUX - Drawdown Comparison
The maximum JMM drawdown since its inception was -48.15%, which is greater than ICMUX's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for JMM and ICMUX.
Loading charts...
Drawdown Indicators
| JMM | ICMUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -8.77% | -39.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -1.34% | -6.94% |
Max Drawdown (3Y)Largest decline over 3 years | -9.92% | -3.11% | -6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -5.64% | -18.55% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | -8.77% | -17.71% |
Current DrawdownCurrent decline from peak | -5.93% | -0.33% | -5.60% |
Average DrawdownAverage peak-to-trough decline | -14.09% | -0.74% | -13.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 0.38% | +3.78% |
Volatility
JMM vs. ICMUX - Volatility Comparison
Nuveen Multi-Market Income Fund (JMM) has a higher volatility of 2.93% compared to Intrepid Income Fund (ICMUX) at 0.51%. This indicates that JMM's price experiences larger fluctuations and is considered to be riskier than ICMUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMM | ICMUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 0.51% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 1.44% | +6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.85% | 1.94% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 2.66% | +10.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 2.58% | +11.34% |
JMM vs. ICMUX - Expense Ratio Comparison
JMM has a 0.04% expense ratio, which is lower than ICMUX's 0.91% expense ratio.
Dividends
JMM vs. ICMUX - Dividend Comparison
JMM's dividend yield for the trailing twelve months is around 5.99%, less than ICMUX's 7.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICMUX Intrepid Income Fund | 7.57% | 7.96% | 7.85% | 9.10% | 8.17% | 5.99% | 5.56% | 3.35% | 3.07% | 2.86% | 3.01% | 3.53% |
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 ICMUX have a correlation of 0.25, 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 ICMUX (0.51%). In terms of maximum drawdown, JMM dropped -48.15% vs ICMUX's -8.77%.
ICMUX currently has the higher Sharpe Ratio (3.84 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.
Find the right allocation for JMM and ICMUX
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