JNBSX vs. JGASX

Last updated Jul 18, 2026

JNBSX (JPMorgan Income Builder Fund) and JGASX (JPMorgan Growth Advantage Fund Class A) are both mutual funds - JNBSX is a Diversified Portfolio fund managed by JPMorgan, while JGASX is a Large Cap Growth Equities fund actively managed by JPMorgan. Over the past 10 years, JNBSX returned 5.92%/yr vs 18.67%/yr for JGASX. A 0.75 correlation means they provide meaningful diversification when combined. JNBSX charges 0.60%/yr vs 0.74%/yr for JGASX.

Performance

JNBSX vs. JGASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Income Builder Fund (JNBSX) and JPMorgan Growth Advantage Fund Class A (JGASX). 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 higher than JGASX's 1.31% return. Over the past 10 years, JNBSX has underperformed JGASX with an annualized return of 5.92%, while JGASX has yielded a comparatively higher 18.67% 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%

JGASX

• 1D: -2.28%
• 1M: -1.85%
• 6M: 1.92%
• YTD: 1.31%
• 1Y: 8.56%
• 3Y*: 20.12%
• 5Y*: 11.87%
• 10Y*: 18.67%

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

JNBSX vs. JGASX - 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%
JGASX JPMorgan Growth Advantage Fund Class A	1.31%	15.79%	38.95%	40.17%	-30.05%	21.89%	53.67%	36.24%	-1.28%	35.51%

Correlation

The correlation between JNBSX and JGASX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since May 31, 2007	0.75

The correlation between JNBSX and JGASX has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

Return for Risk

JNBSX vs. JGASX — 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

JGASX

JGASX Risk / Return Rank: 9
JGASX Sharpe Ratio Rank: 9
JGASX Sortino Ratio Rank: 9
JGASX Omega Ratio Rank: 9
JGASX Calmar Ratio Rank: 8
JGASX Martin Ratio Rank: 9

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. JGASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Income Builder Fund (JNBSX) and JPMorgan Growth Advantage Fund Class A (JGASX). 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	JGASX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	0.54	+1.24
Sortino ratio: Return per unit of downside risk	2.50	0.84	+1.65
Omega ratio: Gain probability vs. loss probability	1.34	1.10	+0.24
Calmar ratio: Return relative to maximum drawdown	2.20	0.59	+1.61
Martin ratio: Return relative to average drawdown	10.13	1.79	+8.34

JNBSX vs. JGASX - Sharpe Ratio Comparison

The current JNBSX Sharpe Ratio is 1.78, which is higher than the JGASX Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of JNBSX and JGASX, 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. JGASX - Drawdown Comparison

The maximum JNBSX drawdown since its inception was -37.33%, smaller than the maximum JGASX drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for JNBSX and JGASX.

Drawdown Indicators

	JNBSX	JGASX	Difference
Max Drawdown Largest peak-to-trough decline	-37.33%	-53.92%	+16.59%
Max Drawdown (1Y) Largest decline over 1 year	-5.72%	-15.68%	+9.96%
Max Drawdown (3Y) Largest decline over 3 years	-7.90%	-24.35%	+16.45%
Max Drawdown (5Y) Largest decline over 5 years	-19.22%	-35.09%	+15.87%
Max Drawdown (10Y) Largest decline over 10 years	-23.60%	-35.09%	+11.49%
Current Drawdown Current decline from peak	-0.96%	-6.03%	+5.07%
Average Drawdown Average peak-to-trough decline	-4.80%	-8.82%	+4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	5.12%	-3.88%

Volatility

JNBSX vs. JGASX - Volatility Comparison

The current volatility for JPMorgan Income Builder Fund (JNBSX) is 2.30%, while JPMorgan Growth Advantage Fund Class A (JGASX) has a volatility of 6.52%. This indicates that JNBSX experiences smaller price fluctuations and is considered to be less risky than JGASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNBSX	JGASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.30%	6.52%	-4.22%
Volatility (6M) Calculated over the trailing 6-month period	6.22%	13.91%	-7.69%
Volatility (1Y) Calculated over the trailing 1-year period	7.06%	17.19%	-10.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.93%	22.62%	-14.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.88%	22.21%	-14.33%

JNBSX vs. JGASX - Expense Ratio Comparison

JNBSX has a 0.60% expense ratio, which is lower than JGASX's 0.74% expense ratio.

Dividends

JNBSX vs. JGASX - Dividend Comparison

JNBSX's dividend yield for the trailing twelve months is around 5.18%, less than JGASX's 11.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGASX JPMorgan Growth Advantage Fund Class A	11.62%	11.77%	11.84%	0.60%	0.40%	14.74%	10.07%	9.58%	9.61%	4.13%	0.00%	3.47%
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 JGASX in my portfolio?

JNBSX and JGASX have a correlation of 0.77, 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 JGASX?

JGASX has higher volatility (6.52%) compared to JNBSX (2.30%). In terms of maximum drawdown, JNBSX dropped -37.33% vs JGASX's -53.92%.

Which has better risk-adjusted returns?

JNBSX currently has the higher Sharpe Ratio (1.78 vs 0.54), 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.