JMSIX vs. IIBAX

Last updated Aug 1, 2026

JMSIX (JPMorgan Income Fund Class I) and IIBAX (Voya Intermediate Bond Fund) are both mutual funds - JMSIX is a Multisector Bonds fund actively managed by JPMorgan, while IIBAX is a Intermediate Core-Plus Bond fund managed by Voya. Over the past 10 years, JMSIX returned 3.76%/yr vs 1.51%/yr for IIBAX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. JMSIX charges 0.40%/yr vs 0.69%/yr for IIBAX.

Performance

JMSIX vs. IIBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income Fund Class I (JMSIX) and Voya Intermediate Bond Fund (IIBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMSIX achieves a 1.12% return, which is significantly higher than IIBAX's -0.71% return. Over the past 10 years, JMSIX has outperformed IIBAX with an annualized return of 3.76%, while IIBAX has yielded a comparatively lower 1.51% annualized return.

JMSIX

• 1D: 0.00%
• 1M: -0.47%
• 6M: 0.74%
• YTD: 1.12%
• 1Y: 3.79%
• 3Y*: 6.81%
• 5Y*: 2.71%
• 10Y*: 3.76%
• ALL TIME*: 2.90%

IIBAX

• 1D: 0.00%
• 1M: -1.49%
• 6M: -0.96%
• YTD: -0.71%
• 1Y: 1.73%
• 3Y*: 4.01%
• 5Y*: -0.51%
• 10Y*: 1.51%
• ALL TIME*: 4.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IIBAX Voya Intermediate Bond Fund	$0.00	$0.00	$0.00
JMSIX JPMorgan Income Fund Class I	$0.00	$0.00	$0.00

JMSIX vs. IIBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMSIX JPMorgan Income Fund Class I	1.12%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%
IIBAX Voya Intermediate Bond Fund	-0.71%	6.42%	2.65%	7.04%	-15.11%	-1.79%	7.75%	9.57%	-0.59%	4.48%

Correlation

The correlation between JMSIX and IIBAX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014	0.61

The correlation between JMSIX and IIBAX shifts across timeframes, from 0.61 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

JMSIX vs. IIBAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JMSIX

JMSIX Risk / Return Rank: 87
JMSIX Sharpe Ratio Rank: 80
JMSIX Sortino Ratio Rank: 92
JMSIX Omega Ratio Rank: 90
JMSIX Calmar Ratio Rank: 85
JMSIX Martin Ratio Rank: 89

IIBAX

IIBAX Risk / Return Rank: 14
IIBAX Sharpe Ratio Rank: 14
IIBAX Sortino Ratio Rank: 13
IIBAX Omega Ratio Rank: 13
IIBAX Calmar Ratio Rank: 15
IIBAX Martin Ratio Rank: 14

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JMSIX vs. IIBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Fund Class I (JMSIX) and Voya Intermediate Bond Fund (IIBAX). 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	IIBAX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	0.54	+1.34
Sortino ratio: Return per unit of downside risk	3.52	0.80	+2.72
Omega ratio: Gain probability vs. loss probability	1.49	1.10	+0.39
Calmar ratio: Return relative to maximum drawdown	2.89	0.74	+2.15
Martin ratio: Return relative to average drawdown	11.55	1.83	+9.72

JMSIX vs. IIBAX - Sharpe Ratio Comparison

The current JMSIX Sharpe Ratio is 1.88, which is higher than the IIBAX Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of JMSIX and IIBAX, 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. IIBAX - Drawdown Comparison

The maximum JMSIX drawdown since its inception was -18.40%, smaller than the maximum IIBAX drawdown of -20.34%. Use the drawdown chart below to compare losses from any high point for JMSIX and IIBAX.

Drawdown Indicators

	JMSIX	IIBAX	Difference
Max Drawdown Largest peak-to-trough decline	-18.40%	-20.34%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-3.10%	+1.48%
Max Drawdown (3Y) Largest decline over 3 years	-2.25%	-5.20%	+2.95%
Max Drawdown (5Y) Largest decline over 5 years	-11.39%	-20.01%	+8.62%
Max Drawdown (10Y) Largest decline over 10 years	-18.40%	-20.34%	+1.94%
Current Drawdown Current decline from peak	-0.59%	-3.21%	+2.62%
Average Drawdown Average peak-to-trough decline	-2.54%	-2.88%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.41%	1.21%	-0.80%

Volatility

JMSIX vs. IIBAX - Volatility Comparison

The current volatility for JPMorgan Income Fund Class I (JMSIX) is 0.53%, while Voya Intermediate Bond Fund (IIBAX) has a volatility of 1.02%. This indicates that JMSIX experiences smaller price fluctuations and is considered to be less risky than IIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMSIX	IIBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.53%	1.02%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	1.94%	3.31%	-1.37%
Volatility (1Y) Calculated over the trailing 1-year period	2.50%	4.26%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.73%	6.01%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.86%	5.04%	-1.18%

JMSIX vs. IIBAX - Expense Ratio Comparison

JMSIX has a 0.40% expense ratio, which is lower than IIBAX's 0.69% expense ratio.

Dividends

JMSIX vs. IIBAX - Dividend Comparison

JMSIX's dividend yield for the trailing twelve months is around 5.54%, more than IIBAX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIBAX Voya Intermediate Bond Fund	3.30%	3.43%	4.50%	4.05%	1.98%	2.03%	4.69%	3.23%	2.93%	2.88%	2.96%	2.45%
JMSIX JPMorgan Income Fund Class I	5.54%	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 IIBAX in my portfolio?

JMSIX and IIBAX have a correlation of 0.71, 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 IIBAX?

IIBAX has higher volatility (1.02%) compared to JMSIX (0.53%). In terms of maximum drawdown, JMSIX dropped -18.40% vs IIBAX's -20.34%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (1.88 vs 0.54), 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.