JRBEX vs. JMSIX

Last updated Aug 1, 2026

JRBEX (JPMorgan SmartRetirement Blend 2030 Fund) and JMSIX (JPMorgan Income Fund Class I) are both mutual funds - JRBEX is a Target Retirement Date fund managed by JPMorgan, while JMSIX is a Multisector Bonds fund actively managed by JPMorgan. Over the past 10 years, JRBEX returned 8.04%/yr vs 3.76%/yr for JMSIX. Their 0.35 correlation means their historical movements had little consistent relationship. JRBEX charges 0.32%/yr vs 0.40%/yr for JMSIX.

Performance

JRBEX vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement Blend 2030 Fund (JRBEX) and JPMorgan Income Fund Class I (JMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JRBEX achieves a 6.60% return, which is significantly higher than JMSIX's 1.12% return. Over the past 10 years, JRBEX has outperformed JMSIX with an annualized return of 8.04%, while JMSIX has yielded a comparatively lower 3.76% annualized return.

JRBEX

• 1D: 1.11%
• 1M: -0.58%
• 6M: 4.48%
• YTD: 6.60%
• 1Y: 14.45%
• 3Y*: 11.87%
• 5Y*: 6.12%
• 10Y*: 8.04%
• ALL TIME*: 7.94%

JMSIX

• 1D: 0.00%
• 1M: -0.47%
• 6M: 0.74%
• YTD: 1.12%
• 1Y: 3.79%
• 3Y*: 6.81%
• 5Y*: 2.71%
• 10Y*: 3.76%
• ALL TIME*: 2.90%

*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)
JMSIX JPMorgan Income Fund Class I	$0.00	$0.00	$0.00
JRBEX JPMorgan SmartRetirement Blend 2030 Fund	$0.00	$0.00	$0.00

JRBEX vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JRBEX JPMorgan SmartRetirement Blend 2030 Fund	6.60%	15.33%	7.14%	18.28%	-16.36%	11.63%	11.91%	20.65%	-6.86%	17.22%
JMSIX JPMorgan Income Fund Class I	1.12%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%

Correlation

The correlation between JRBEX and JMSIX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.41
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (10Y) Provides a long-term view across more market conditions.	0.36
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014	0.35

The correlation between JRBEX and JMSIX shifts across timeframes, from 0.35 (all time) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JRBEX vs. JMSIX — Risk / Return Rank

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

JRBEX

JRBEX Risk / Return Rank: 66
JRBEX Sharpe Ratio Rank: 65
JRBEX Sortino Ratio Rank: 65
JRBEX Omega Ratio Rank: 64
JRBEX Calmar Ratio Rank: 63
JRBEX Martin Ratio Rank: 74

JMSIX

JMSIX Risk / Return Rank: 87
JMSIX Sharpe Ratio Rank: 80
JMSIX Sortino Ratio Rank: 92
JMSIX Omega Ratio Rank: 90
JMSIX Calmar Ratio Rank: 85
JMSIX Martin Ratio Rank: 89

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.

JRBEX vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement Blend 2030 Fund (JRBEX) and JPMorgan Income Fund Class I (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.

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.

	JRBEX	JMSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.88	-0.25
Sortino ratio: Return per unit of downside risk	2.34	3.52	-1.18
Omega ratio: Gain probability vs. loss probability	1.30	1.49	-0.19
Calmar ratio: Return relative to maximum drawdown	2.23	2.89	-0.66
Martin ratio: Return relative to average drawdown	9.43	11.55	-2.12

JRBEX vs. JMSIX - Sharpe Ratio Comparison

The current JRBEX Sharpe Ratio is 1.63, which is comparable to the JMSIX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of JRBEX 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.

Drawdowns

JRBEX vs. JMSIX - Drawdown Comparison

The maximum JRBEX drawdown since its inception was -25.15%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for JRBEX and JMSIX.

Drawdown Indicators

	JRBEX	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.15%	-18.40%	-6.75%
Max Drawdown (1Y) Largest decline over 1 year	-6.15%	-1.62%	-4.53%
Max Drawdown (3Y) Largest decline over 3 years	-9.58%	-2.25%	-7.33%
Max Drawdown (5Y) Largest decline over 5 years	-22.21%	-11.39%	-10.82%
Max Drawdown (10Y) Largest decline over 10 years	-25.15%	-18.40%	-6.75%
Current Drawdown Current decline from peak	-1.12%	-0.59%	-0.53%
Average Drawdown Average peak-to-trough decline	-3.62%	-2.54%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.45%	0.41%	+1.04%

Volatility

JRBEX vs. JMSIX - Volatility Comparison

JPMorgan SmartRetirement Blend 2030 Fund (JRBEX) has a higher volatility of 2.35% compared to JPMorgan Income Fund Class I (JMSIX) at 0.53%. This indicates that JRBEX'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

	JRBEX	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	0.53%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	7.04%	1.94%	+5.10%
Volatility (1Y) Calculated over the trailing 1-year period	8.42%	2.50%	+5.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.48%	3.73%	+6.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.05%	3.86%	+7.19%

JRBEX vs. JMSIX - Expense Ratio Comparison

JRBEX has a 0.32% expense ratio, which is lower than JMSIX's 0.40% expense ratio.

Dividends

JRBEX vs. JMSIX - Dividend Comparison

JRBEX's dividend yield for the trailing twelve months is around 2.87%, less than JMSIX's 5.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMSIX JPMorgan Income Fund Class I	5.54%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%	0.00%
JRBEX JPMorgan SmartRetirement Blend 2030 Fund	2.87%	3.06%	2.86%	2.47%	1.94%	5.57%	2.51%	3.19%	6.01%	1.99%	2.09%	2.09%

Frequently Asked Questions

Can I hold both JRBEX and JMSIX in my portfolio?

JRBEX and JMSIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JRBEX or JMSIX?

JRBEX has higher volatility (2.35%) compared to JMSIX (0.53%). In terms of maximum drawdown, JRBEX dropped -25.15% vs JMSIX's -18.40%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (1.88 vs 1.63), 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.