JNBSX vs. GRSPX

Last updated Jun 26, 2026

JNBSX (JPMorgan Income Builder Fund) and GRSPX (Greenspring Fund) are both Diversified Portfolio funds. Over the past 10 years, JNBSX returned 6.29%/yr vs 10.49%/yr for GRSPX. A 0.75 correlation means they provide meaningful diversification when combined. JNBSX charges 0.60%/yr vs 1.09%/yr for GRSPX.

Performance

JNBSX vs. GRSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income Builder Fund (JNBSX) and Greenspring Fund (GRSPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNBSX achieves a 5.53% return, which is significantly lower than GRSPX's 21.42% return. Over the past 10 years, JNBSX has underperformed GRSPX with an annualized return of 6.29%, while GRSPX has yielded a comparatively higher 10.49% annualized return.

JNBSX

• 1D: 0.09%
• 1M: 0.01%
• YTD: 5.53%
• 6M: 5.23%
• 1Y: 12.96%
• 3Y*: 10.94%
• 5Y*: 4.43%
• 10Y*: 6.29%

GRSPX

• 1D: 0.71%
• 1M: 0.34%
• YTD: 21.42%
• 6M: 19.65%
• 1Y: 26.29%
• 3Y*: 17.65%
• 5Y*: 10.54%
• 10Y*: 10.49%

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

JNBSX vs. GRSPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNBSX JPMorgan Income Builder Fund	5.53%	12.87%	7.36%	9.34%	-12.81%	9.19%	6.24%	14.95%	-4.22%	11.89%
GRSPX Greenspring Fund	21.42%	6.12%	16.03%	11.95%	-8.62%	26.89%	3.81%	20.84%	-10.21%	7.84%

Correlation

The correlation between JNBSX and GRSPX is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since May 31, 2007	0.75

The correlation between JNBSX and GRSPX shifts across timeframes, from 0.63 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JNBSX vs. GRSPX — Risk / Return Rank

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

JNBSX

JNBSX Risk / Return Rank: 59
JNBSX Sharpe Ratio Rank: 60
JNBSX Sortino Ratio Rank: 58
JNBSX Omega Ratio Rank: 66
JNBSX Calmar Ratio Rank: 46
JNBSX Martin Ratio Rank: 63

GRSPX

GRSPX Risk / Return Rank: 28
GRSPX Sharpe Ratio Rank: 8
GRSPX Sortino Ratio Rank: 14
GRSPX Omega Ratio Rank: 56
GRSPX Calmar Ratio Rank: 13
GRSPX Martin Ratio Rank: 50

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.

JNBSX vs. GRSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Builder Fund (JNBSX) and Greenspring Fund (GRSPX). 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.

	JNBSX	GRSPX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	0.50	+1.38
Sortino ratio: Return per unit of downside risk	2.63	1.24	+1.39
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.03
Calmar ratio: Return relative to maximum drawdown	2.27	0.93	+1.34
Martin ratio: Return relative to average drawdown	10.58	8.82	+1.76

JNBSX vs. GRSPX - Sharpe Ratio Comparison

The current JNBSX Sharpe Ratio is 1.88, which is higher than the GRSPX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of JNBSX and GRSPX, 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

JNBSX vs. GRSPX - Drawdown Comparison

The maximum JNBSX drawdown since its inception was -37.33%, roughly equal to the maximum GRSPX drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for JNBSX and GRSPX.

Drawdown Indicators

	JNBSX	GRSPX	Difference
Max Drawdown Largest peak-to-trough decline	-37.33%	-35.67%	-1.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.72%	-30.41%	+24.69%
Max Drawdown (3Y) Largest decline over 3 years	-7.90%	-30.41%	+22.51%
Max Drawdown (5Y) Largest decline over 5 years	-19.22%	-30.41%	+11.19%
Max Drawdown (10Y) Largest decline over 10 years	-23.60%	-35.07%	+11.47%
Current Drawdown Current decline from peak	-1.18%	-0.64%	-0.54%
Average Drawdown Average peak-to-trough decline	-4.81%	-4.81%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	3.09%	-1.86%

Volatility

JNBSX vs. GRSPX - Volatility Comparison

The current volatility for JPMorgan Income Builder Fund (JNBSX) is 3.15%, while Greenspring Fund (GRSPX) has a volatility of 50.71%. This indicates that JNBSX experiences smaller price fluctuations and is considered to be less risky than GRSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNBSX	GRSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	50.71%	-47.56%
Volatility (6M) Calculated over the trailing 6-month period	6.04%	50.93%	-44.89%
Volatility (1Y) Calculated over the trailing 1-year period	6.95%	56.43%	-49.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.90%	28.15%	-20.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.89%	22.51%	-14.62%

JNBSX vs. GRSPX - Expense Ratio Comparison

JNBSX has a 0.60% expense ratio, which is lower than GRSPX's 1.09% expense ratio.

Dividends

JNBSX vs. GRSPX - Dividend Comparison

JNBSX's dividend yield for the trailing twelve months is around 5.15%, less than GRSPX's 7.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GRSPX Greenspring Fund	7.74%	9.40%	7.14%	6.84%	8.04%	7.69%	2.39%	7.89%	11.05%	9.63%	6.81%	5.34%
JNBSX JPMorgan Income Builder Fund	5.15%	5.16%	5.90%	5.07%	4.61%	8.53%	3.47%	4.17%	4.56%	3.89%	4.40%	4.20%

Frequently Asked Questions

Can I hold both JNBSX and GRSPX in my portfolio?

JNBSX and GRSPX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNBSX or GRSPX?

GRSPX has higher volatility (50.71%) compared to JNBSX (3.15%). In terms of maximum drawdown, JNBSX dropped -37.33% vs GRSPX's -35.67%.

Which has better risk-adjusted returns?

JNBSX currently has the higher Sharpe Ratio (1.88 vs 0.50), 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.