JMSIX vs. RCTIX

Last updated Jun 4, 2026

JMSIX (JPMorgan Income Fund) and RCTIX (River Canyon Total Return Bond Fund) are both mutual funds - JMSIX is a Multisector Bonds fund managed by JPMorgan, while RCTIX is a Short-Term Bond fund managed by River Canyon. Over the past 10 years, JMSIX returned 3.98%/yr vs 5.54%/yr for RCTIX. At a 0.40 correlation, their price movements are largely independent. JMSIX charges 0.40%/yr vs 0.89%/yr for RCTIX.

Performance

JMSIX vs. RCTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income Fund (JMSIX) and River Canyon Total Return Bond Fund (RCTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMSIX achieves a 1.35% return, which is significantly higher than RCTIX's 0.71% return. Over the past 10 years, JMSIX has underperformed RCTIX with an annualized return of 3.98%, while RCTIX has yielded a comparatively higher 5.54% annualized return.

JMSIX

• 1D: 0.12%
• 1M: 0.39%
• YTD: 1.35%
• 6M: 1.85%
• 1Y: 5.92%
• 3Y*: 7.12%
• 5Y*: 2.81%
• 10Y*: 3.98%

RCTIX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.71%
• 6M: 1.26%
• 1Y: 5.24%
• 3Y*: 7.47%
• 5Y*: 4.38%
• 10Y*: 5.54%

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

JMSIX vs. RCTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMSIX JPMorgan Income Fund	1.35%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%
RCTIX River Canyon Total Return Bond Fund	0.71%	7.75%	7.49%	10.02%	-4.07%	4.26%	6.42%	11.71%	1.82%	9.76%

Correlation

The correlation between JMSIX and RCTIX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.40

Over the past year, JMSIX and RCTIX have become more correlated (0.62) than their long-term average of 0.40, meaning their price movements have been converging.

Return for Risk

JMSIX vs. RCTIX — Risk / Return Rank

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

JMSIX

JMSIX Risk / Return Rank: 80
JMSIX Sharpe Ratio Rank: 61
JMSIX Sortino Ratio Rank: 92
JMSIX Omega Ratio Rank: 87
JMSIX Calmar Ratio Rank: 79
JMSIX Martin Ratio Rank: 79

RCTIX

RCTIX Risk / Return Rank: 74
RCTIX Sharpe Ratio Rank: 63
RCTIX Sortino Ratio Rank: 70
RCTIX Omega Ratio Rank: 72
RCTIX Calmar Ratio Rank: 88
RCTIX Martin Ratio Rank: 78

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. RCTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Fund (JMSIX) and River Canyon Total Return Bond Fund (RCTIX). 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	RCTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.32	-0.03
Sortino ratio: Return per unit of downside risk	4.54	3.49	+1.04
Omega ratio: Gain probability vs. loss probability	1.60	1.48	+0.12
Calmar ratio: Return relative to maximum drawdown	3.59	4.39	-0.80
Martin ratio: Return relative to average drawdown	14.87	14.63	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMSIX vs. RCTIX - Sharpe Ratio Comparison

The current JMSIX Sharpe Ratio is 2.30, which is comparable to the RCTIX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of JMSIX and RCTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMSIX	RCTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.32	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	1.77	-1.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.03	1.49	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	1.31	-0.52

Drawdowns

JMSIX vs. RCTIX - Drawdown Comparison

The maximum JMSIX drawdown since its inception was -18.40%, which is greater than RCTIX's maximum drawdown of -10.89%. Use the drawdown chart below to compare losses from any high point for JMSIX and RCTIX.

Drawdown Indicators

	JMSIX	RCTIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.40%	-10.89%	-7.51%
Max Drawdown (1Y) Largest decline over 1 year	-1.62%	-1.20%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-2.31%	-1.48%	-0.83%
Max Drawdown (5Y) Largest decline over 5 years	-11.39%	-6.17%	-5.22%
Max Drawdown (10Y) Largest decline over 10 years	-18.40%	-10.89%	-7.51%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-2.57%	-1.08%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	0.36%	+0.03%

Volatility

JMSIX vs. RCTIX - Volatility Comparison

JPMorgan Income Fund (JMSIX) and River Canyon Total Return Bond Fund (RCTIX) have volatilities of 0.82% and 0.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMSIX	RCTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	0.83%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.88%	1.76%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	2.53%	2.28%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.73%	2.49%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.87%	3.74%	+0.13%

JMSIX vs. RCTIX - Expense Ratio Comparison

JMSIX has a 0.40% expense ratio, which is lower than RCTIX's 0.89% expense ratio.

Dividends

JMSIX vs. RCTIX - Dividend Comparison

JMSIX's dividend yield for the trailing twelve months is around 6.02%, less than RCTIX's 7.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JMSIX JPMorgan Income Fund	6.02%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%
RCTIX River Canyon Total Return Bond Fund	7.27%	7.31%	7.89%	8.50%	5.98%	3.02%	5.97%	4.97%	3.30%	4.89%	2.16%

Frequently Asked Questions

Can I hold both JMSIX and RCTIX in my portfolio?

JMSIX and RCTIX have a correlation of 0.62, 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 RCTIX?

RCTIX has higher volatility (0.83%) compared to JMSIX (0.82%). In terms of maximum drawdown, JMSIX dropped -18.40% vs RCTIX's -10.89%.

Which has better risk-adjusted returns?

RCTIX currently has the higher Sharpe Ratio (2.32 vs 2.30), 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.