JPICX vs. NMTRX
Compare and contrast key facts about JPMorgan California Tax Free Bond Fund (JPICX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
JPICX is managed by JPMorgan. It was launched on Dec 22, 1996. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
JPICX vs. NMTRX - Performance Comparison
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JPICX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPICX JPMorgan California Tax Free Bond Fund | -0.49% | 3.38% | 1.51% | 4.92% | -6.54% | -0.12% | 4.10% | 5.74% | 1.19% | 3.64% |
NMTRX Nuveen Municipal Total Return Managed Accounts | -0.12% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, JPICX achieves a -0.49% return, which is significantly lower than NMTRX's -0.12% return. Over the past 10 years, JPICX has underperformed NMTRX with an annualized return of 1.45%, while NMTRX has yielded a comparatively higher 2.27% annualized return.
JPICX
- 1D
- 0.30%
- 1M
- -2.08%
- YTD
- -0.49%
- 6M
- 0.72%
- 1Y
- 3.16%
- 3Y*
- 2.36%
- 5Y*
- 0.67%
- 10Y*
- 1.45%
NMTRX
- 1D
- 0.20%
- 1M
- -1.97%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.78%
- 3Y*
- 3.22%
- 5Y*
- 0.38%
- 10Y*
- 2.27%
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JPICX vs. NMTRX - Expense Ratio Comparison
JPICX has a 0.70% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
JPICX vs. NMTRX — Risk / Return Rank
JPICX
NMTRX
JPICX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan California Tax Free Bond Fund (JPICX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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.
| JPICX | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.84 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.16 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.99 | +0.03 |
Martin ratioReturn relative to average drawdown | 3.65 | 2.89 | +0.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPICX | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.84 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.10 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.52 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.18 | 0.97 | +0.21 |
Correlation
The correlation between JPICX and NMTRX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JPICX vs. NMTRX - Dividend Comparison
JPICX's dividend yield for the trailing twelve months is around 3.02%, less than NMTRX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPICX JPMorgan California Tax Free Bond Fund | 3.02% | 3.00% | 3.01% | 2.55% | 2.03% | 1.54% | 1.70% | 2.35% | 2.80% | 2.73% | 2.66% | 3.16% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.19% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
JPICX vs. NMTRX - Drawdown Comparison
The maximum JPICX drawdown since its inception was -10.59%, smaller than the maximum NMTRX drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for JPICX and NMTRX.
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Drawdown Indicators
| JPICX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.59% | -16.36% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -4.75% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -10.53% | -16.36% | +5.83% |
Max Drawdown (10Y)Largest decline over 10 years | -10.59% | -16.36% | +5.77% |
Current DrawdownCurrent decline from peak | -2.27% | -2.25% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -2.93% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.62% | -0.61% |
Volatility
JPICX vs. NMTRX - Volatility Comparison
JPMorgan California Tax Free Bond Fund (JPICX) and Nuveen Municipal Total Return Managed Accounts (NMTRX) have volatilities of 1.06% and 1.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPICX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.07% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 1.82% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 4.93% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.84% | 3.97% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 4.38% | -1.13% |