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 3.94%/yr vs 59.68%/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 1.11% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, JMSIX has underperformed BTC-USD with an annualized return of 3.94%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
JMSIX
- 1D
- -0.12%
- 1M
- 0.03%
- YTD
- 1.11%
- 6M
- 1.85%
- 1Y
- 5.80%
- 3Y*
- 7.04%
- 5Y*
- 2.76%
- 10Y*
- 3.94%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
JMSIX vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMSIX JPMorgan Income Fund | 1.11% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 11.82% | 1.03% | 6.00% |
BTC-USD Bitcoin | -28.54% | -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 0.08, 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 | 0.08 |
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 8, 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.
| JMSIX | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.16 | ||
| Sortino ratioReturn per unit of downside risk | +5.70 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 0.86 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | -0.80 | +4.23 |
| Martin ratioReturn relative to average drawdown | 14.27 | -1.42 | +15.69 |
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
| JMSIX | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | -0.95 | +3.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.20 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 0.87 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 1.13 | -0.35 |
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% | -51.21% | +49.59% |
Max Drawdown (3Y)Largest decline over 3 years | -2.31% | -51.21% | +48.90% |
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% | -49.86% | +49.62% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -42.32% | +39.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 34.46% | -34.07% |
Volatility
JMSIX vs. BTC-USD - Volatility Comparison
The current volatility for JPMorgan Income Fund (JMSIX) is 0.79%, while Bitcoin (BTC-USD) has a volatility of 11.59%. 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 | 0.79% | 11.59% | -10.80% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 34.53% | -32.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 35.67% | -33.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.73% | 44.95% | -41.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.87% | 56.71% | -52.84% |
Frequently Asked Questions
JMSIX and BTC-USD have a correlation of 0.08, 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 (11.59%) compared to JMSIX (0.79%). In terms of maximum drawdown, JMSIX dropped -18.40% vs BTC-USD's -85.30%.
JMSIX currently has the higher Sharpe Ratio (2.21 vs -0.95), 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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