JMM vs. VGI
Compare and contrast key facts about Nuveen Multi-Market Income Fund (JMM) and Virtus Global Multi-Sector Income Fund (VGI).
JMM is managed by Nuveen. It was launched on Dec 30, 1988. VGI is managed by Virtus.
Performance
JMM vs. VGI - Performance Comparison
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JMM vs. VGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | -0.57% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
VGI Virtus Global Multi-Sector Income Fund | -2.66% | 16.14% | 10.43% | 14.58% | -21.70% | 1.40% | 9.81% | 27.29% | -28.73% | 27.46% |
Returns By Period
In the year-to-date period, JMM achieves a -0.57% return, which is significantly higher than VGI's -2.66% return. Over the past 10 years, JMM has underperformed VGI with an annualized return of 3.43%, while VGI has yielded a comparatively higher 5.60% annualized return.
JMM
- 1D
- 0.51%
- 1M
- -4.04%
- YTD
- -0.57%
- 6M
- -3.93%
- 1Y
- 0.23%
- 3Y*
- 6.48%
- 5Y*
- 1.38%
- 10Y*
- 3.43%
VGI
- 1D
- 0.27%
- 1M
- -4.97%
- YTD
- -2.66%
- 6M
- -1.28%
- 1Y
- 7.42%
- 3Y*
- 11.56%
- 5Y*
- 2.24%
- 10Y*
- 5.60%
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JMM vs. VGI - Expense Ratio Comparison
Return for Risk
JMM vs. VGI — Risk / Return Rank
JMM
VGI
JMM vs. VGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Multi-Market Income Fund (JMM) and Virtus Global Multi-Sector Income Fund (VGI). 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.
| JMM | VGI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | 0.76 | -0.74 |
Sortino ratioReturn per unit of downside risk | 0.12 | 1.00 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.16 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.00 | -0.91 |
Martin ratioReturn relative to average drawdown | 0.23 | 3.72 | -3.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JMM | VGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 0.76 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.21 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.34 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.30 | -0.12 |
Correlation
The correlation between JMM and VGI is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JMM vs. VGI - Dividend Comparison
JMM's dividend yield for the trailing twelve months is around 5.88%, less than VGI's 12.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | 5.88% | 5.76% | 5.48% | 5.58% | 6.13% | 4.60% | 4.49% | 4.86% | 5.34% | 5.63% | 6.19% | 6.76% |
VGI Virtus Global Multi-Sector Income Fund | 12.97% | 12.24% | 12.57% | 12.26% | 13.42% | 10.22% | 11.81% | 12.10% | 15.00% | 10.70% | 12.21% | 15.60% |
Drawdowns
JMM vs. VGI - Drawdown Comparison
The maximum JMM drawdown since its inception was -48.15%, roughly equal to the maximum VGI drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for JMM and VGI.
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Drawdown Indicators
| JMM | VGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.15% | -48.08% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -8.21% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -33.79% | +9.60% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | -48.08% | +21.60% |
Current DrawdownCurrent decline from peak | -5.57% | -5.93% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -14.14% | -10.51% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.21% | +0.93% |
Volatility
JMM vs. VGI - Volatility Comparison
Nuveen Multi-Market Income Fund (JMM) has a higher volatility of 5.17% compared to Virtus Global Multi-Sector Income Fund (VGI) at 4.28%. This indicates that JMM's price experiences larger fluctuations and is considered to be riskier than VGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMM | VGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 4.28% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 5.94% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 9.89% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.30% | 10.97% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 16.72% | -2.82% |