JMSIX vs. DODGX

Last updated Jun 13, 2026

JMSIX (JPMorgan Income Fund) and DODGX (Dodge & Cox Stock Fund Class I) are both mutual funds - JMSIX is a Multisector Bonds fund managed by JPMorgan, while DODGX is a Large Cap Value Equities fund actively managed by Dodge & Cox. Over the past 10 years, JMSIX returned 3.97%/yr vs 13.01%/yr for DODGX. At a 0.19 correlation, their price movements are largely independent. JMSIX charges 0.40%/yr vs 0.51%/yr for DODGX.

Performance

JMSIX vs. DODGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income Fund (JMSIX) and Dodge & Cox Stock Fund Class I (DODGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMSIX achieves a 1.23% return, which is significantly lower than DODGX's 4.15% return. Over the past 10 years, JMSIX has underperformed DODGX with an annualized return of 3.97%, while DODGX has yielded a comparatively higher 13.01% annualized return.

JMSIX

• 1D: 0.12%
• 1M: 0.39%
• YTD: 1.23%
• 6M: 1.85%
• 1Y: 5.55%
• 3Y*: 7.12%
• 5Y*: 2.76%
• 10Y*: 3.97%

DODGX

• 1D: 0.95%
• 1M: 1.01%
• YTD: 4.15%
• 6M: 5.01%
• 1Y: 11.70%
• 3Y*: 14.99%
• 5Y*: 8.78%
• 10Y*: 13.01%

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

JMSIX vs. DODGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMSIX JPMorgan Income Fund	1.23%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%
DODGX Dodge & Cox Stock Fund Class I	4.15%	13.66%	14.36%	17.49%	-7.25%	31.72%	7.10%	24.30%	-7.15%	18.33%

Correlation

The correlation between JMSIX and DODGX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014	0.19

Return for Risk

JMSIX vs. DODGX — Risk / Return Rank

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

JMSIX

JMSIX Risk / Return Rank: 89
JMSIX Sharpe Ratio Rank: 82
JMSIX Sortino Ratio Rank: 94
JMSIX Omega Ratio Rank: 90
JMSIX Calmar Ratio Rank: 87
JMSIX Martin Ratio Rank: 90

DODGX

DODGX Risk / Return Rank: 24
DODGX Sharpe Ratio Rank: 22
DODGX Sortino Ratio Rank: 22
DODGX Omega Ratio Rank: 20
DODGX Calmar Ratio Rank: 28
DODGX Martin Ratio Rank: 30

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. DODGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Fund (JMSIX) and Dodge & Cox Stock Fund Class I (DODGX). 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	DODGX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.05	+1.21
Sortino ratio: Return per unit of downside risk	4.50	1.55	+2.96
Omega ratio: Gain probability vs. loss probability	1.60	1.18	+0.41
Calmar ratio: Return relative to maximum drawdown	3.51	1.60	+1.91
Martin ratio: Return relative to average drawdown	14.54	5.61	+8.93

JMSIX vs. DODGX - Sharpe Ratio Comparison

The current JMSIX Sharpe Ratio is 2.27, which is higher than the DODGX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of JMSIX and DODGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JMSIX vs. DODGX - Drawdown Comparison

The maximum JMSIX drawdown since its inception was -18.40%, smaller than the maximum DODGX drawdown of -63.24%. Use the drawdown chart below to compare losses from any high point for JMSIX and DODGX.

Drawdown Indicators

	JMSIX	DODGX	Difference
Max Drawdown Largest peak-to-trough decline	-18.40%	-63.24%	+44.84%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-7.48%	+5.86%
Max Drawdown (3Y) Largest decline over 3 years	-2.31%	-14.89%	+12.58%
Max Drawdown (5Y) Largest decline over 5 years	-11.39%	-21.85%	+10.46%
Max Drawdown (10Y) Largest decline over 10 years	-18.40%	-40.41%	+22.01%
Current Drawdown Current decline from peak	-0.12%	-0.47%	+0.35%
Average Drawdown Average peak-to-trough decline	-2.56%	-7.51%	+4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	2.13%	-1.74%

Volatility

JMSIX vs. DODGX - Volatility Comparison

The current volatility for JPMorgan Income Fund (JMSIX) is 0.79%, while Dodge & Cox Stock Fund Class I (DODGX) has a volatility of 3.40%. This indicates that JMSIX experiences smaller price fluctuations and is considered to be less risky than DODGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMSIX	DODGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	3.40%	-2.61%
Volatility (6M) Calculated over the trailing 6-month period	1.89%	8.43%	-6.54%
Volatility (1Y) Calculated over the trailing 1-year period	2.52%	11.38%	-8.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.73%	16.00%	-12.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.87%	19.22%	-15.35%

JMSIX vs. DODGX - Expense Ratio Comparison

JMSIX has a 0.40% expense ratio, which is lower than DODGX's 0.51% expense ratio.

Dividends

JMSIX vs. DODGX - Dividend Comparison

JMSIX's dividend yield for the trailing twelve months is around 6.03%, less than DODGX's 9.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DODGX Dodge & Cox Stock Fund Class I	9.33%	9.86%	8.20%	3.76%	5.47%	3.22%	6.74%	10.23%	9.69%	6.78%	6.26%	5.36%
JMSIX JPMorgan Income Fund	6.03%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%	0.00%

Frequently Asked Questions

Can I hold both JMSIX and DODGX in my portfolio?

JMSIX and DODGX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMSIX or DODGX?

DODGX has higher volatility (3.40%) compared to JMSIX (0.79%). In terms of maximum drawdown, JMSIX dropped -18.40% vs DODGX's -63.24%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (2.27 vs 1.05), 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.