JPHSX vs. CFOIX

Last updated Aug 1, 2026

JPHSX (JPMorgan Floating Rate Income Fund) and CFOIX (Calvert Floating-Rate Advantage Fund) are both Bank Loan funds. Their 0.55 correlation means they have sometimes moved together and sometimes differently. JPHSX charges 0.75%/yr vs 0.78%/yr for CFOIX.

Performance

JPHSX vs. CFOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Floating Rate Income Fund (JPHSX) and Calvert Floating-Rate Advantage Fund (CFOIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JPHSX

• 1D: 0.13%
• 1M: 0.43%
• 6M: 1.60%
• YTD: 1.37%
• 1Y: 2.41%
• 3Y*: 4.50%
• 5Y*: 3.85%
• 10Y*: 3.67%
• ALL TIME*: 3.47%

CFOIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JPHSX JPMorgan Floating Rate Income Fund	$0.00	$0.00	$0.00

JPHSX vs. CFOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JPHSX JPMorgan Floating Rate Income Fund	1.37%	0.89%	7.14%	11.07%	-2.13%	4.57%	1.28%	7.15%	-1.28%
CFOIX Calvert Floating-Rate Advantage Fund	0.15%	3.48%	8.92%	12.09%	-4.21%	4.37%	0.62%	9.36%	-2.14%

Correlation

The correlation between JPHSX and CFOIX is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.32
Correlation (5Y) Shows whether the relationship held over a longer period.	0.52
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018	0.55

Over the past year, the correlation between JPHSX and CFOIX has dropped to 0.32 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

Return for Risk

JPHSX vs. CFOIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JPHSX

JPHSX Risk / Return Rank: 40
JPHSX Sharpe Ratio Rank: 32
JPHSX Sortino Ratio Rank: 24
JPHSX Omega Ratio Rank: 69
JPHSX Calmar Ratio Rank: 43
JPHSX Martin Ratio Rank: 32

CFOIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JPHSX vs. CFOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Floating Rate Income Fund (JPHSX) and Calvert Floating-Rate Advantage Fund (CFOIX). 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.

	JPHSX	CFOIX	Difference
Sharpe ratio: Return per unit of total volatility	1.09	—	—
Sortino ratio: Return per unit of downside risk	1.32	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	1.79	—	—
Martin ratio: Return relative to average drawdown	4.93	—	—

Drawdowns

Drawdown Indicators

	JPHSX	CFOIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.28%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-6.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.95%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-1.00%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	—	—

Volatility

Volatility by Period

	JPHSX	CFOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.10%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.64%	—	—

JPHSX vs. CFOIX - Expense Ratio Comparison

JPHSX has a 0.75% expense ratio, which is lower than CFOIX's 0.78% expense ratio.

Dividends

JPHSX vs. CFOIX - Dividend Comparison

JPHSX's dividend yield for the trailing twelve months is around 6.29%, more than CFOIX's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFOIX Calvert Floating-Rate Advantage Fund	4.88%	6.88%	8.62%	7.42%	5.02%	3.96%	4.23%	5.05%	4.20%	0.00%	0.00%	0.00%
JPHSX JPMorgan Floating Rate Income Fund	6.29%	6.84%	9.21%	7.94%	5.12%	3.34%	3.88%	5.27%	4.57%	3.78%	4.49%	4.52%

Frequently Asked Questions

Can I hold both JPHSX and CFOIX in my portfolio?

JPHSX and CFOIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.