JNVMX vs. JMSIX

Last updated Jun 4, 2026

JNVMX (JPMorgan Developed International Value Fund Class R6) and JMSIX (JPMorgan Income Fund) are both mutual funds - JNVMX is a Foreign Large Cap Equities fund actively managed by JPMorgan, while JMSIX is a Multisector Bonds fund managed by JPMorgan. Over the past 10 years, JNVMX returned 10.79%/yr vs 3.98%/yr for JMSIX. At a 0.25 correlation, their price movements are largely independent. JNVMX charges 0.55%/yr vs 0.40%/yr for JMSIX.

Performance

JNVMX vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Developed International Value Fund Class R6 (JNVMX) 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, JNVMX achieves a 9.95% return, which is significantly higher than JMSIX's 1.35% return. Over the past 10 years, JNVMX has outperformed JMSIX with an annualized return of 10.79%, while JMSIX has yielded a comparatively lower 3.98% annualized return.

JNVMX

• 1D: 0.36%
• 1M: 2.49%
• YTD: 9.95%
• 6M: 13.97%
• 1Y: 32.49%
• 3Y*: 26.40%
• 5Y*: 14.68%
• 10Y*: 10.79%

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)

JNVMX vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNVMX JPMorgan Developed International Value Fund Class R6	9.95%	48.72%	10.03%	19.21%	-5.10%	16.71%	-3.88%	15.66%	-18.45%	22.38%
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 JNVMX 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	0.31
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	0.25

Return for Risk

JNVMX vs. JMSIX — Risk / Return Rank

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

JNVMX

JNVMX Risk / Return Rank: 54
JNVMX Sharpe Ratio Rank: 58
JNVMX Sortino Ratio Rank: 53
JNVMX Omega Ratio Rank: 53
JNVMX Calmar Ratio Rank: 56
JNVMX Martin Ratio Rank: 53

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.

JNVMX vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Developed International Value Fund Class R6 (JNVMX) 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.

	JNVMX	JMSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.25	2.30	-0.04
Sortino ratio: Return per unit of downside risk	3.09	4.54	-1.45
Omega ratio: Gain probability vs. loss probability	1.41	1.60	-0.19
Calmar ratio: Return relative to maximum drawdown	2.85	3.59	-0.73
Martin ratio: Return relative to average drawdown	10.71	14.87	-4.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JNVMX vs. JMSIX - Sharpe Ratio Comparison

The current JNVMX 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 JNVMX 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

	JNVMX	JMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.30	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.76	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	1.03	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.79	-0.38

Drawdowns

JNVMX vs. JMSIX - Drawdown Comparison

The maximum JNVMX drawdown since its inception was -48.20%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for JNVMX and JMSIX.

Drawdown Indicators

	JNVMX	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.20%	-18.40%	-29.80%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-1.62%	-9.40%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-2.31%	-11.32%
Max Drawdown (5Y) Largest decline over 5 years	-27.45%	-11.39%	-16.06%
Max Drawdown (10Y) Largest decline over 10 years	-48.20%	-18.40%	-29.80%
Current Drawdown Current decline from peak	-2.46%	0.00%	-2.46%
Average Drawdown Average peak-to-trough decline	-9.87%	-2.57%	-7.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	0.39%	+2.54%

Volatility

JNVMX vs. JMSIX - Volatility Comparison

JPMorgan Developed International Value Fund Class R6 (JNVMX) has a higher volatility of 4.03% compared to JPMorgan Income Fund (JMSIX) at 0.82%. This indicates that JNVMX'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

	JNVMX	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	0.82%	+3.21%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	1.88%	+9.29%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	2.53%	+11.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	3.73%	+12.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	3.87%	+14.12%

JNVMX vs. JMSIX - Expense Ratio Comparison

JNVMX has a 0.55% expense ratio, which is higher than JMSIX's 0.40% expense ratio.

Dividends

JNVMX vs. JMSIX - Dividend Comparison

JNVMX's dividend yield for the trailing twelve months is around 2.76%, 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%
JNVMX JPMorgan Developed International Value Fund Class R6	2.76%	3.04%	4.64%	5.27%	4.06%	5.17%	3.14%	4.36%	4.79%	2.63%	6.76%	1.64%

Frequently Asked Questions

Can I hold both JNVMX and JMSIX in my portfolio?

JNVMX 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, JNVMX or JMSIX?

JNVMX has higher volatility (4.03%) compared to JMSIX (0.82%). In terms of maximum drawdown, JNVMX dropped -48.20% 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.