JMSIX vs. AXSIX

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Income Fund (JMSIX) and Axonic Strategic Income Fund (AXSIX).

JMSIX is managed by JPMorgan. It was launched on Jun 1, 2014. AXSIX is managed by Axonic. It was launched on Dec 29, 2019.

Performance

JMSIX vs. AXSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income Fund (JMSIX) and Axonic Strategic Income Fund (AXSIX). The values are adjusted to include any dividend payments, if applicable.

JMSIX vs. AXSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JMSIX JPMorgan Income Fund	-0.29%	7.68%	7.78%	6.14%	-8.24%	3.59%	2.96%
AXSIX Axonic Strategic Income Fund	0.69%	6.71%	8.30%	7.54%	-6.81%	5.91%	-0.16%

Returns By Period

In the year-to-date period, JMSIX achieves a -0.29% return, which is significantly lower than AXSIX's 0.69% return.

JMSIX

• 1D: 0.24%
• 1M: -1.39%
• YTD: -0.29%
• 6M: 1.33%
• 1Y: 5.02%
• 3Y*: 6.36%
• 5Y*: 2.78%
• 10Y*: 3.93%

AXSIX

• 1D: 0.11%
• 1M: -1.11%
• YTD: 0.69%
• 6M: 2.20%
• 1Y: 5.38%
• 3Y*: 7.06%
• 5Y*: 3.79%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JMSIX vs. AXSIX - Expense Ratio Comparison

JMSIX has a 0.40% expense ratio, which is lower than AXSIX's 1.00% expense ratio.

AXSIX

Axonic Strategic Income Fund

JMSIX

JPMorgan Income Fund

Return for Risk

JMSIX vs. AXSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMSIX

JMSIX Risk / Return Rank: 96
JMSIX Sharpe Ratio Rank: 94
JMSIX Sortino Ratio Rank: 97
JMSIX Omega Ratio Rank: 95
JMSIX Calmar Ratio Rank: 96
JMSIX Martin Ratio Rank: 95

AXSIX

AXSIX Risk / Return Rank: 97
AXSIX Sharpe Ratio Rank: 96
AXSIX Sortino Ratio Rank: 98
AXSIX Omega Ratio Rank: 97
AXSIX Calmar Ratio Rank: 98
AXSIX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMSIX vs. AXSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Fund (JMSIX) and Axonic Strategic Income Fund (AXSIX). 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.

	JMSIX	AXSIX	Difference
Sharpe ratio Return per unit of total volatility	2.15	2.40	-0.24
Sortino ratio Return per unit of downside risk	3.84	5.06	-1.22
Omega ratio Gain probability vs. loss probability	1.54	1.64	-0.11
Calmar ratio Return relative to maximum drawdown	3.47	4.97	-1.51
Martin ratio Return relative to average drawdown	13.30	18.44	-5.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMSIX vs. AXSIX - Sharpe Ratio Comparison

The current JMSIX Sharpe Ratio is 2.15, which is comparable to the AXSIX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of JMSIX and AXSIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JMSIX	AXSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.40	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	1.78	-1.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.92	-0.16

Correlation

The correlation between JMSIX and AXSIX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JMSIX vs. AXSIX - Dividend Comparison

JMSIX's dividend yield for the trailing twelve months is around 5.53%, less than AXSIX's 6.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JMSIX JPMorgan Income Fund	5.53%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%
AXSIX Axonic Strategic Income Fund	6.06%	6.39%	6.52%	6.24%	3.89%	6.70%	2.04%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JMSIX vs. AXSIX - Drawdown Comparison

The maximum JMSIX drawdown since its inception was -18.40%, which is greater than AXSIX's maximum drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for JMSIX and AXSIX.

Drawdown Indicators

	JMSIX	AXSIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.40%	-12.55%	-5.85%
Max Drawdown (1Y) Largest decline over 1 year	-1.64%	-1.22%	-0.42%
Max Drawdown (5Y) Largest decline over 5 years	-11.39%	-6.87%	-4.52%
Max Drawdown (10Y) Largest decline over 10 years	-18.40%	—	—
Current Drawdown Current decline from peak	-1.39%	-1.11%	-0.28%
Average Drawdown Average peak-to-trough decline	-2.60%	-2.01%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	0.33%	+0.10%

Volatility

JMSIX vs. AXSIX - Volatility Comparison

JPMorgan Income Fund (JMSIX) has a higher volatility of 0.77% compared to Axonic Strategic Income Fund (AXSIX) at 0.50%. This indicates that JMSIX's price experiences larger fluctuations and is considered to be riskier than AXSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMSIX	AXSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.77%	0.50%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	1.67%	1.57%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	2.59%	2.51%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.70%	2.15%	+1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.85%	3.73%	+0.12%