JMSIX vs. MOFIX
JMSIX (JPMorgan Income Fund Class I) and MOFIX (Mercer Opportunistic Fixed Income Fund) are both Multisector Bonds funds. Over the past 5 years, JMSIX returned 2.71%/yr vs 1.20%/yr for MOFIX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. JMSIX charges 0.40%/yr vs 0.44%/yr for MOFIX.
Performance
JMSIX vs. MOFIX - Performance Comparison
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Returns By Period
In the year-to-date period, JMSIX achieves a 1.12% return, which is significantly higher than MOFIX's -2.24% return.
JMSIX
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 0.74%
- YTD
- 1.12%
- 1Y
- 3.79%
- 3Y*
- 6.94%
- 5Y*
- 2.71%
- 10Y*
- 3.79%
- ALL TIME*
- 2.90%
MOFIX
- 1D
- -0.12%
- 1M
- -1.07%
- 6M
- -2.47%
- YTD
- -2.24%
- 1Y
- -0.14%
- 3Y*
- 4.37%
- 5Y*
- 1.20%
- 10Y*
- —
- ALL TIME*
- 2.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JMSIX vs. MOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JMSIX JPMorgan Income Fund Class I | 1.12% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 6.36% |
MOFIX Mercer Opportunistic Fixed Income Fund | -2.24% | 8.60% | 2.23% | 12.22% | -11.57% | -1.15% | 5.31% | 3.18% |
Correlation
The correlation between JMSIX and MOFIX is 0.57, 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. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.62 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019 | 0.59 |
The correlation between JMSIX and MOFIX has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
JMSIX vs. MOFIX — Risk / Return Rank
JMSIX
MOFIX
JMSIX vs. MOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Fund Class I (JMSIX) and Mercer Opportunistic Fixed Income Fund (MOFIX). 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 | MOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 0.99 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | -0.04 | +2.69 |
| Martin ratioReturn relative to average drawdown | 10.52 | -0.11 | +10.63 |
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Drawdowns
JMSIX vs. MOFIX - Drawdown Comparison
The maximum JMSIX drawdown since its inception was -18.40%, smaller than the maximum MOFIX drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for JMSIX and MOFIX.
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Drawdown Indicators
| JMSIX | MOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.40% | -19.96% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.62% | -3.52% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -2.25% | -8.02% | +5.77% |
Max Drawdown (5Y)Largest decline over 5 years | -11.39% | -19.00% | +7.61% |
Max Drawdown (10Y)Largest decline over 10 years | -18.40% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -2.70% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -5.10% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.33% | -0.92% |
Volatility
JMSIX vs. MOFIX - Volatility Comparison
The current volatility for JPMorgan Income Fund Class I (JMSIX) is 0.53%, while Mercer Opportunistic Fixed Income Fund (MOFIX) has a volatility of 0.68%. This indicates that JMSIX experiences smaller price fluctuations and is considered to be less risky than MOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMSIX | MOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.68% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 2.38% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 2.98% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.73% | 7.26% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 7.10% | -3.24% |
JMSIX vs. MOFIX - Expense Ratio Comparison
JMSIX has a 0.40% expense ratio, which is lower than MOFIX's 0.44% expense ratio.
Dividends
JMSIX vs. MOFIX - Dividend Comparison
JMSIX's dividend yield for the trailing twelve months is around 5.54%, more than MOFIX's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MOFIX Mercer Opportunistic Fixed Income Fund | 3.40% | 3.32% | 6.91% | 6.44% | 3.81% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMSIX and MOFIX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOFIX has higher volatility (0.68%) compared to JMSIX (0.53%). In terms of maximum drawdown, JMSIX dropped -18.40% vs MOFIX's -19.96%.
JMSIX currently has the higher Sharpe Ratio (1.74 vs -0.05), 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.
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