JNBSX vs. ICAFX

Last updated Jul 18, 2026

JNBSX (JPMorgan Income Builder Fund) and ICAFX (American Funds The Investment Company of America Fund Class F2) are both mutual funds - JNBSX is a Diversified Portfolio fund managed by JPMorgan, while ICAFX is a Large Cap Growth Equities fund actively managed by American Funds. Over the past 10 years, JNBSX returned 5.92%/yr vs 13.96%/yr for ICAFX. Their correlation of 0.85 suggests significant overlap in exposure. JNBSX charges 0.60%/yr vs 0.37%/yr for ICAFX.

Performance

JNBSX vs. ICAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income Builder Fund (JNBSX) and American Funds The Investment Company of America Fund Class F2 (ICAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNBSX achieves a 5.77% return, which is significantly lower than ICAFX's 9.70% return. Over the past 10 years, JNBSX has underperformed ICAFX with an annualized return of 5.92%, while ICAFX has yielded a comparatively higher 13.96% annualized return.

JNBSX

• 1D: -0.37%
• 1M: -0.05%
• 6M: 4.28%
• YTD: 5.77%
• 1Y: 12.28%
• 3Y*: 10.25%
• 5Y*: 4.54%
• 10Y*: 5.92%

ICAFX

• 1D: -0.57%
• 1M: 1.28%
• 6M: 7.47%
• YTD: 9.70%
• 1Y: 17.34%
• 3Y*: 21.83%
• 5Y*: 14.69%
• 10Y*: 13.96%

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

JNBSX vs. ICAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNBSX JPMorgan Income Builder Fund	5.77%	12.87%	7.36%	9.34%	-12.81%	9.19%	6.24%	14.95%	-4.22%	11.89%
ICAFX American Funds The Investment Company of America Fund Class F2	9.70%	20.69%	25.14%	28.82%	-15.32%	25.35%	14.70%	24.32%	-8.02%	19.75%

Correlation

The correlation between JNBSX and ICAFX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008	0.85

The correlation between JNBSX and ICAFX has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

JNBSX vs. ICAFX — Risk / Return Rank

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

JNBSX

JNBSX Risk / Return Rank: 58
JNBSX Sharpe Ratio Rank: 59
JNBSX Sortino Ratio Rank: 58
JNBSX Omega Ratio Rank: 64
JNBSX Calmar Ratio Rank: 45
JNBSX Martin Ratio Rank: 64

ICAFX

ICAFX Risk / Return Rank: 36
ICAFX Sharpe Ratio Rank: 35
ICAFX Sortino Ratio Rank: 33
ICAFX Omega Ratio Rank: 35
ICAFX Calmar Ratio Rank: 32
ICAFX Martin Ratio Rank: 44

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. ICAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Builder Fund (JNBSX) and American Funds The Investment Company of America Fund Class F2 (ICAFX). 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	ICAFX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.35	+0.43
Sortino ratio: Return per unit of downside risk	2.50	1.91	+0.59
Omega ratio: Gain probability vs. loss probability	1.34	1.25	+0.09
Calmar ratio: Return relative to maximum drawdown	2.20	1.77	+0.42
Martin ratio: Return relative to average drawdown	10.13	7.70	+2.43

JNBSX vs. ICAFX - Sharpe Ratio Comparison

The current JNBSX Sharpe Ratio is 1.78, which is higher than the ICAFX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of JNBSX and ICAFX, 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. ICAFX - Drawdown Comparison

The maximum JNBSX drawdown since its inception was -37.33%, smaller than the maximum ICAFX drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for JNBSX and ICAFX.

Drawdown Indicators

	JNBSX	ICAFX	Difference
Max Drawdown Largest peak-to-trough decline	-37.33%	-42.84%	+5.51%
Max Drawdown (1Y) Largest decline over 1 year	-5.72%	-10.05%	+4.33%
Max Drawdown (3Y) Largest decline over 3 years	-7.90%	-17.39%	+9.49%
Max Drawdown (5Y) Largest decline over 5 years	-19.22%	-24.21%	+4.99%
Max Drawdown (10Y) Largest decline over 10 years	-23.60%	-31.07%	+7.47%
Current Drawdown Current decline from peak	-0.96%	-1.16%	+0.20%
Average Drawdown Average peak-to-trough decline	-4.80%	-5.46%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	2.31%	-1.07%

Volatility

JNBSX vs. ICAFX - Volatility Comparison

The current volatility for JPMorgan Income Builder Fund (JNBSX) is 2.30%, while American Funds The Investment Company of America Fund Class F2 (ICAFX) has a volatility of 3.29%. This indicates that JNBSX experiences smaller price fluctuations and is considered to be less risky than ICAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNBSX	ICAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	3.29%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	6.22%	10.63%	-4.41%
Volatility (1Y) Calculated over the trailing 1-year period	7.06%	13.19%	-6.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.93%	16.13%	-8.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.88%	16.57%	-8.69%

JNBSX vs. ICAFX - Expense Ratio Comparison

JNBSX has a 0.60% expense ratio, which is higher than ICAFX's 0.37% expense ratio.

Dividends

JNBSX vs. ICAFX - Dividend Comparison

JNBSX's dividend yield for the trailing twelve months is around 5.18%, less than ICAFX's 9.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICAFX American Funds The Investment Company of America Fund Class F2	9.32%	10.79%	9.49%	5.15%	6.33%	7.14%	1.84%	6.34%	9.84%	7.25%	5.67%	9.10%
JNBSX JPMorgan Income Builder Fund	5.18%	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 ICAFX in my portfolio?

JNBSX and ICAFX have a correlation of 0.85, 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 ICAFX?

ICAFX has higher volatility (3.29%) compared to JNBSX (2.30%). In terms of maximum drawdown, JNBSX dropped -37.33% vs ICAFX's -42.84%.

Which has better risk-adjusted returns?

JNBSX currently has the higher Sharpe Ratio (1.78 vs 1.35), 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.