JPHSX vs. VSIAX

Last updated Jun 24, 2026

JPHSX (JPMorgan Floating Rate Income Fund) and VSIAX (Vanguard Small-Cap Value Index Fund Admiral Shares) are both mutual funds - JPHSX is a Bank Loan fund managed by JPMorgan, while VSIAX is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index. Over the past 10 years, JPHSX returned 3.84%/yr vs 11.03%/yr for VSIAX. At a 0.31 correlation, their price movements are largely independent. JPHSX charges 0.75%/yr vs 0.07%/yr for VSIAX.

Performance

JPHSX vs. VSIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Floating Rate Income Fund (JPHSX) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPHSX achieves a 1.33% return, which is significantly lower than VSIAX's 13.43% return. Over the past 10 years, JPHSX has underperformed VSIAX with an annualized return of 3.84%, while VSIAX has yielded a comparatively higher 11.03% annualized return.

JPHSX

• 1D: 0.00%
• 1M: 0.35%
• YTD: 1.33%
• 6M: 1.44%
• 1Y: 3.27%
• 3Y*: 5.04%
• 5Y*: 3.86%
• 10Y*: 3.84%

VSIAX

• 1D: 0.20%
• 1M: 2.69%
• YTD: 13.43%
• 6M: 11.91%
• 1Y: 26.42%
• 3Y*: 16.94%
• 5Y*: 8.87%
• 10Y*: 11.03%

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

JPHSX vs. VSIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPHSX JPMorgan Floating Rate Income Fund	1.33%	0.89%	7.14%	11.07%	-2.13%	4.57%	1.28%	7.15%	-0.31%	3.05%
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares	13.43%	9.09%	11.34%	17.06%	-9.31%	28.10%	5.80%	22.76%	-12.24%	11.80%

Correlation

The correlation between JPHSX and VSIAX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 27, 2011	0.31

The correlation between JPHSX and VSIAX shifts across timeframes, from 0.21 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JPHSX vs. VSIAX — Risk / Return Rank

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

JPHSX

JPHSX Risk / Return Rank: 48
JPHSX Sharpe Ratio Rank: 39
JPHSX Sortino Ratio Rank: 29
JPHSX Omega Ratio Rank: 83
JPHSX Calmar Ratio Rank: 53
JPHSX Martin Ratio Rank: 35

VSIAX

VSIAX Risk / Return Rank: 53
VSIAX Sharpe Ratio Rank: 45
VSIAX Sortino Ratio Rank: 48
VSIAX Omega Ratio Rank: 40
VSIAX Calmar Ratio Rank: 73
VSIAX Martin Ratio Rank: 60

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.

JPHSX vs. VSIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Floating Rate Income Fund (JPHSX) and Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX). 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	VSIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.82	-0.15
Sortino ratio: Return per unit of downside risk	2.04	2.68	-0.63
Omega ratio: Gain probability vs. loss probability	1.51	1.31	+0.20
Calmar ratio: Return relative to maximum drawdown	2.66	3.15	-0.48
Martin ratio: Return relative to average drawdown	7.42	11.17	-3.76

JPHSX vs. VSIAX - Sharpe Ratio Comparison

The current JPHSX Sharpe Ratio is 1.68, which is comparable to the VSIAX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of JPHSX and VSIAX, 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

JPHSX vs. VSIAX - Drawdown Comparison

The maximum JPHSX drawdown since its inception was -20.95%, smaller than the maximum VSIAX drawdown of -45.39%. Use the drawdown chart below to compare losses from any high point for JPHSX and VSIAX.

Drawdown Indicators

	JPHSX	VSIAX	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-45.39%	+24.44%
Max Drawdown (1Y) Largest decline over 1 year	-1.28%	-8.87%	+7.59%
Max Drawdown (3Y) Largest decline over 3 years	-4.10%	-24.09%	+19.99%
Max Drawdown (5Y) Largest decline over 5 years	-6.84%	-24.09%	+17.25%
Max Drawdown (10Y) Largest decline over 10 years	-20.95%	-45.39%	+24.44%
Current Drawdown Current decline from peak	0.00%	-1.02%	+1.02%
Average Drawdown Average peak-to-trough decline	-1.01%	-5.48%	+4.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	2.50%	-2.04%

Volatility

JPHSX vs. VSIAX - Volatility Comparison

The current volatility for JPMorgan Floating Rate Income Fund (JPHSX) is 0.33%, while Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) has a volatility of 4.02%. This indicates that JPHSX experiences smaller price fluctuations and is considered to be less risky than VSIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPHSX	VSIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.33%	4.02%	-3.69%
Volatility (6M) Calculated over the trailing 6-month period	1.37%	10.66%	-9.29%
Volatility (1Y) Calculated over the trailing 1-year period	2.04%	15.36%	-13.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.27%	19.73%	-17.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.65%	22.47%	-18.82%

JPHSX vs. VSIAX - Expense Ratio Comparison

JPHSX has a 0.75% expense ratio, which is higher than VSIAX's 0.07% expense ratio.

Dividends

JPHSX vs. VSIAX - Dividend Comparison

JPHSX's dividend yield for the trailing twelve months is around 7.00%, more than VSIAX's 1.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPHSX JPMorgan Floating Rate Income Fund	7.00%	6.84%	9.21%	7.94%	5.12%	3.34%	3.88%	5.27%	4.57%	3.78%	4.49%	4.52%
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares	1.73%	1.95%	1.98%	2.10%	2.03%	1.75%	1.68%	2.06%	2.35%	1.79%	1.77%	1.99%

Frequently Asked Questions

Can I hold both JPHSX and VSIAX in my portfolio?

JPHSX and VSIAX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPHSX or VSIAX?

VSIAX has higher volatility (4.02%) compared to JPHSX (0.33%). In terms of maximum drawdown, JPHSX dropped -20.95% vs VSIAX's -45.39%.

Which has better risk-adjusted returns?

VSIAX currently has the higher Sharpe Ratio (1.82 vs 1.68), 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.