JMUEX vs. JGIAX
JMUEX (JPMorgan U.S. Equity Fund) and JGIAX (JPMorgan Income Fund Class A) are both mutual funds - JMUEX is a Large Cap Blend Equities fund managed by JPMorgan, while JGIAX is a Multisector Bonds fund actively managed by JPMorgan. Over the past 10 years, JMUEX returned 16.31%/yr vs 3.97%/yr for JGIAX. At a 0.20 correlation, their price movements are largely independent. JMUEX charges 0.57%/yr vs 0.65%/yr for JGIAX.
Performance
JMUEX vs. JGIAX - Performance Comparison
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Returns By Period
In the year-to-date period, JMUEX achieves a 4.53% return, which is significantly higher than JGIAX's 0.89% return. Over the past 10 years, JMUEX has outperformed JGIAX with an annualized return of 16.31%, while JGIAX has yielded a comparatively lower 3.97% annualized return.
JMUEX
- 1D
- -1.02%
- 1M
- 0.39%
- YTD
- 4.53%
- 6M
- 3.53%
- 1Y
- 17.74%
- 3Y*
- 20.40%
- 5Y*
- 13.12%
- 10Y*
- 16.31%
JGIAX
- 1D
- -0.12%
- 1M
- 0.48%
- YTD
- 0.89%
- 6M
- 1.49%
- 1Y
- 4.93%
- 3Y*
- 6.89%
- 5Y*
- 2.51%
- 10Y*
- 3.97%
JMUEX vs. JGIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMUEX JPMorgan U.S. Equity Fund | 4.53% | 14.60% | 31.22% | 27.28% | -18.84% | 28.55% | 26.51% | 32.26% | -5.90% | 21.52% |
JGIAX JPMorgan Income Fund Class A | 0.89% | 7.41% | 7.48% | 5.88% | -8.48% | 3.34% | 2.79% | 11.51% | 0.87% | 5.62% |
Correlation
The correlation between JMUEX and JGIAX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.20 |
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Return for Risk
JMUEX vs. JGIAX — Risk / Return Rank
JMUEX
JGIAX
JMUEX vs. JGIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Equity Fund (JMUEX) and JPMorgan Income Fund Class A (JGIAX). 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.
| JMUEX | JGIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.54 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 3.13 | -1.55 |
| Martin ratioReturn relative to average drawdown | 6.26 | 12.99 | -6.73 |
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Drawdowns
JMUEX vs. JGIAX - Drawdown Comparison
The maximum JMUEX drawdown since its inception was -52.11%, which is greater than JGIAX's maximum drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for JMUEX and JGIAX.
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Drawdown Indicators
| JMUEX | JGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -18.39% | -33.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -1.62% | -10.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.11% | -2.38% | -16.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.60% | -11.63% | -12.97% |
Max Drawdown (10Y)Largest decline over 10 years | -33.35% | -18.39% | -14.96% |
Current DrawdownCurrent decline from peak | -1.74% | -0.47% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -8.78% | -2.09% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 0.39% | +2.61% |
Volatility
JMUEX vs. JGIAX - Volatility Comparison
JPMorgan U.S. Equity Fund (JMUEX) has a higher volatility of 5.25% compared to JPMorgan Income Fund Class A (JGIAX) at 0.74%. This indicates that JMUEX's price experiences larger fluctuations and is considered to be riskier than JGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMUEX | JGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.25% | 0.74% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 1.81% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 2.45% | +10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 3.71% | +13.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.61% | 3.85% | +14.76% |
JMUEX vs. JGIAX - Expense Ratio Comparison
JMUEX has a 0.57% expense ratio, which is lower than JGIAX's 0.65% expense ratio.
Dividends
JMUEX vs. JGIAX - Dividend Comparison
JMUEX's dividend yield for the trailing twelve months is around 5.62%, less than JGIAX's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGIAX JPMorgan Income Fund Class A | 5.80% | 5.71% | 5.51% | 4.19% | 4.49% | 3.75% | 4.69% | 4.84% | 5.15% | 5.16% | 5.21% | 5.44% |
JMUEX JPMorgan U.S. Equity Fund | 5.62% | 5.85% | 12.03% | 2.06% | 5.11% | 10.74% | 6.63% | 10.06% | 14.56% | 8.71% | 4.77% | 6.17% |
Frequently Asked Questions
JMUEX and JGIAX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMUEX has higher volatility (5.25%) compared to JGIAX (0.74%). In terms of maximum drawdown, JMUEX dropped -52.11% vs JGIAX's -18.39%.
JGIAX currently has the higher Sharpe Ratio (2.07 vs 1.44), 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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