JMSIX vs. BTC-USD
JMSIX (JPMorgan Income Fund) is Multisector Bonds fund managed by JPMorgan, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, JMSIX returned 3.80%/yr vs 58.50%/yr for BTC-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
JMSIX vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, JMSIX achieves a 1.48% return, which is significantly higher than BTC-USD's -25.13% return. Over the past 10 years, JMSIX has underperformed BTC-USD with an annualized return of 3.80%, while BTC-USD has yielded a comparatively higher 58.50% annualized return.
JMSIX
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 1.84%
- YTD
- 1.48%
- 1Y
- 5.17%
- 3Y*
- 6.96%
- 5Y*
- 2.85%
- 10Y*
- 3.80%
- ALL TIME*
- 2.94%
BTC-USD
- 1D
- 1.28%
- 1M
- 2.00%
- 6M
- -29.23%
- YTD
- -25.13%
- 1Y
- -44.16%
- 3Y*
- 29.87%
- 5Y*
- 15.31%
- 10Y*
- 58.50%
- ALL TIME*
- 89.00%
JMSIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMSIX JPMorgan Income Fund | 1.48% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 11.82% | 1.03% | 6.00% |
BTC-USD Bitcoin | -25.13% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between JMSIX and BTC-USD is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.06 |
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Return for Risk
JMSIX vs. BTC-USD — Risk / Return Rank
JMSIX
BTC-USD
JMSIX vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Fund (JMSIX) and Bitcoin (BTC-USD). 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.
| JMSIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +5.54 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 0.85 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | -0.83 | +4.10 |
| Martin ratioReturn relative to average drawdown | 13.54 | -1.32 | +14.87 |
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Drawdowns
JMSIX vs. BTC-USD - Drawdown Comparison
The maximum JMSIX drawdown since its inception was -18.40%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for JMSIX and BTC-USD.
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Drawdown Indicators
| JMSIX | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -85.30% | +66.90% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -53.08% | +51.46% |
Max Drawdown (3Y)Largest decline over 3 years | -2.25% | -53.08% | +50.83% |
Max Drawdown (5Y)Largest decline over 5 years | -11.39% | -76.67% | +65.28% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | -83.80% | +65.40% |
Current DrawdownCurrent decline from peak | -0.24% | -47.48% | +47.24% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -42.61% | +40.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 27.88% | -27.49% |
Volatility
JMSIX vs. BTC-USD - Volatility Comparison
The current volatility for JPMorgan Income Fund (JMSIX) is 0.71%, while Bitcoin (BTC-USD) has a volatility of 9.37%. This indicates that JMSIX experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMSIX | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 9.37% | -8.66% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 34.93% | -32.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 35.76% | -33.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.74% | 43.93% | -40.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 56.33% | -52.47% |
Frequently Asked Questions
JMSIX and BTC-USD have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.37%) compared to JMSIX (0.71%). In terms of maximum drawdown, JMSIX dropped -18.40% vs BTC-USD's -85.30%.
JMSIX currently has the higher Sharpe Ratio (2.12 vs -1.03), 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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