MSTMX vs. JMSIX
MSTMX (Morningstar Multisector Bond Fund) and JMSIX (JPMorgan Income Fund) are both Multisector Bonds funds. Over the past 5 years, MSTMX returned 2.01%/yr vs 2.78%/yr for JMSIX. A 0.61 correlation means they provide meaningful diversification when combined. MSTMX charges 0.58%/yr vs 0.40%/yr for JMSIX.
Performance
MSTMX vs. JMSIX - Performance Comparison
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Returns By Period
In the year-to-date period, MSTMX achieves a 1.80% return, which is significantly higher than JMSIX's 0.99% return.
MSTMX
- 1D
- -0.11%
- 1M
- 1.20%
- YTD
- 1.80%
- 6M
- 2.02%
- 1Y
- 7.09%
- 3Y*
- 7.64%
- 5Y*
- 2.01%
- 10Y*
- —
JMSIX
- 1D
- -0.12%
- 1M
- 0.50%
- YTD
- 0.99%
- 6M
- 1.61%
- 1Y
- 5.18%
- 3Y*
- 7.17%
- 5Y*
- 2.78%
- 10Y*
- 3.96%
MSTMX vs. JMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MSTMX Morningstar Multisector Bond Fund | 1.80% | 10.03% | 4.60% | 10.77% | -13.11% | -2.86% | 6.45% | 10.53% | -0.23% |
JMSIX JPMorgan Income Fund | 0.99% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 11.82% | 0.36% |
Correlation
The correlation between MSTMX and JMSIX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018 | 0.61 |
The correlation between MSTMX and JMSIX shifts across timeframes, from 0.51 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSTMX vs. JMSIX — Risk / Return Rank
MSTMX
JMSIX
MSTMX vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar Multisector Bond Fund (MSTMX) 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.
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.
| MSTMX | JMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.54 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.28 | -1.08 |
| Martin ratioReturn relative to average drawdown | 8.05 | 13.51 | -5.46 |
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Drawdowns
MSTMX vs. JMSIX - Drawdown Comparison
The maximum MSTMX drawdown since its inception was -21.37%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for MSTMX and JMSIX.
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Drawdown Indicators
| MSTMX | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.37% | -18.40% | -2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.09% | -1.62% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -5.79% | -2.31% | -3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | -11.39% | -9.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.40% | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.47% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -2.56% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.39% | +0.70% |
Volatility
MSTMX vs. JMSIX - Volatility Comparison
Morningstar Multisector Bond Fund (MSTMX) has a higher volatility of 1.32% compared to JPMorgan Income Fund (JMSIX) at 0.76%. This indicates that MSTMX'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.
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Volatility by Period
| MSTMX | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 0.76% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 1.93% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.56% | 2.55% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.51% | 3.73% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.77% | 3.87% | +1.90% |
MSTMX vs. JMSIX - Expense Ratio Comparison
MSTMX has a 0.58% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Dividends
MSTMX vs. JMSIX - Dividend Comparison
MSTMX's dividend yield for the trailing twelve months is around 4.22%, less than JMSIX's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JMSIX JPMorgan Income Fund | 6.04% | 5.95% | 5.78% | 4.43% | 4.78% | 4.00% | 4.95% | 5.10% | 5.43% | 5.42% | 0.46% |
MSTMX Morningstar Multisector Bond Fund | 4.22% | 4.00% | 6.01% | 5.26% | 1.42% | 4.17% | 2.68% | 6.18% | 0.37% | 0.00% | 0.00% |
Frequently Asked Questions
MSTMX and JMSIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTMX has higher volatility (1.32%) compared to JMSIX (0.76%). In terms of maximum drawdown, MSTMX dropped -21.37% vs JMSIX's -18.40%.
JMSIX currently has the higher Sharpe Ratio (2.09 vs 1.97), 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.
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