JNUSX vs. JMSIX

Last updated Jun 4, 2026

JNUSX (JPMorgan International Value Fund) and JMSIX (JPMorgan Income Fund) are both mutual funds - JNUSX is a Foreign Large Cap Equities fund managed by JPMorgan, while JMSIX is a Multisector Bonds fund managed by JPMorgan. Over the past 10 years, JNUSX returned 10.67%/yr vs 3.98%/yr for JMSIX. At a 0.26 correlation, their price movements are largely independent. JNUSX charges 0.63%/yr vs 0.40%/yr for JMSIX.

Performance

JNUSX vs. JMSIX - Performance Comparison

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

Returns By Period

In the year-to-date period, JNUSX achieves a 9.93% return, which is significantly higher than JMSIX's 1.35% return. Over the past 10 years, JNUSX has outperformed JMSIX with an annualized return of 10.67%, while JMSIX has yielded a comparatively lower 3.98% annualized return.

JNUSX

• 1D: 0.36%
• 1M: 2.47%
• YTD: 9.93%
• 6M: 13.92%
• 1Y: 32.31%
• 3Y*: 26.26%
• 5Y*: 14.56%
• 10Y*: 10.67%

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%

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

JNUSX vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNUSX JPMorgan International Value Fund	9.93%	48.51%	9.94%	19.06%	-5.17%	16.55%	-3.92%	15.55%	-18.62%	22.26%
JMSIX JPMorgan Income Fund	1.35%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%

Correlation

The correlation between JNUSX and JMSIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Nov 10, 2014	0.26

Return for Risk

JNUSX vs. JMSIX — Risk / Return Rank

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

JNUSX

JNUSX Risk / Return Rank: 55
JNUSX Sharpe Ratio Rank: 58
JNUSX Sortino Ratio Rank: 54
JNUSX Omega Ratio Rank: 54
JNUSX Calmar Ratio Rank: 56
JNUSX Martin Ratio Rank: 52

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

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.

JNUSX vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Value Fund (JNUSX) and JPMorgan Income Fund (JMSIX). 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.

	JNUSX	JMSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.30	-0.05
Sortino ratio: Return per unit of downside risk	3.08	4.54	-1.45
Omega ratio: Gain probability vs. loss probability	1.40	1.60	-0.20
Calmar ratio: Return relative to maximum drawdown	2.85	3.59	-0.73
Martin ratio: Return relative to average drawdown	10.68	14.87	-4.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JNUSX vs. JMSIX - Sharpe Ratio Comparison

The current JNUSX Sharpe Ratio is 2.25, which is comparable to the JMSIX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of JNUSX and JMSIX, 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

	JNUSX	JMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.30	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.76	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	1.03	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.79	-0.49

Drawdowns

JNUSX vs. JMSIX - Drawdown Comparison

The maximum JNUSX drawdown since its inception was -62.24%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for JNUSX and JMSIX.

Drawdown Indicators

	JNUSX	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.24%	-18.40%	-43.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-1.62%	-9.37%
Max Drawdown (3Y) Largest decline over 3 years	-13.66%	-2.31%	-11.35%
Max Drawdown (5Y) Largest decline over 5 years	-27.49%	-11.39%	-16.10%
Max Drawdown (10Y) Largest decline over 10 years	-48.34%	-18.40%	-29.94%
Current Drawdown Current decline from peak	-2.48%	0.00%	-2.48%
Average Drawdown Average peak-to-trough decline	-15.28%	-2.57%	-12.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	0.39%	+2.54%

Volatility

JNUSX vs. JMSIX - Volatility Comparison

JPMorgan International Value Fund (JNUSX) has a higher volatility of 4.00% compared to JPMorgan Income Fund (JMSIX) at 0.82%. This indicates that JNUSX's price experiences larger fluctuations and is considered to be riskier than JMSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNUSX	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	0.82%	+3.18%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	1.88%	+9.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	2.53%	+11.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	3.73%	+12.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.98%	3.87%	+14.11%

JNUSX vs. JMSIX - Expense Ratio Comparison

JNUSX has a 0.63% expense ratio, which is higher than JMSIX's 0.40% expense ratio.

Dividends

JNUSX vs. JMSIX - Dividend Comparison

JNUSX's dividend yield for the trailing twelve months is around 2.65%, less than JMSIX's 6.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
JNUSX JPMorgan International Value Fund	2.65%	2.92%	4.51%	5.14%	3.93%	5.02%	2.89%	4.22%	4.56%	2.44%	6.43%	1.38%

Frequently Asked Questions

Can I hold both JNUSX and JMSIX in my portfolio?

JNUSX and JMSIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNUSX or JMSIX?

JNUSX has higher volatility (4.00%) compared to JMSIX (0.82%). In terms of maximum drawdown, JNUSX dropped -62.24% vs JMSIX's -18.40%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (2.30 vs 2.25), 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.