MZLSX vs. JMSIX

Last updated Apr 1, 2026

Compare and contrast key facts about Muzinich Low Duration Fund (MZLSX) and JPMorgan Income Fund (JMSIX).

MZLSX is managed by Muzinich. It was launched on Jun 29, 2016. JMSIX is managed by JPMorgan. It was launched on Jun 1, 2014.

Performance

MZLSX vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Muzinich Low Duration Fund (MZLSX) and JPMorgan Income Fund (JMSIX). The values are adjusted to include any dividend payments, if applicable.

MZLSX vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MZLSX Muzinich Low Duration Fund	-0.57%	6.38%	6.30%	7.63%	-3.41%	2.50%	2.64%	7.86%	0.80%	4.26%
JMSIX JPMorgan Income Fund	-0.29%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%

Returns By Period

In the year-to-date period, MZLSX achieves a -0.57% return, which is significantly lower than JMSIX's -0.29% return.

MZLSX

• 1D: 0.11%
• 1M: -1.38%
• YTD: -0.57%
• 6M: 0.72%
• 1Y: 4.41%
• 3Y*: 6.11%
• 5Y*: 3.46%
• 10Y*: —

JMSIX

• 1D: 0.24%
• 1M: -1.39%
• YTD: -0.29%
• 6M: 1.33%
• 1Y: 5.02%
• 3Y*: 6.36%
• 5Y*: 2.78%
• 10Y*: 3.93%

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

MZLSX vs. JMSIX - Expense Ratio Comparison

MZLSX has a 0.50% expense ratio, which is higher than JMSIX's 0.40% expense ratio.

MZLSX

Muzinich Low Duration Fund

JMSIX

JPMorgan Income Fund

Return for Risk

MZLSX vs. JMSIX — Risk / Return Rank

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

MZLSX

MZLSX Risk / Return Rank: 96
MZLSX Sharpe Ratio Rank: 98
MZLSX Sortino Ratio Rank: 97
MZLSX Omega Ratio Rank: 97
MZLSX Calmar Ratio Rank: 94
MZLSX Martin Ratio Rank: 96

JMSIX

JMSIX Risk / Return Rank: 96
JMSIX Sharpe Ratio Rank: 94
JMSIX Sortino Ratio Rank: 97
JMSIX Omega Ratio Rank: 95
JMSIX Calmar Ratio Rank: 96
JMSIX Martin Ratio Rank: 95

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.

MZLSX vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Muzinich Low Duration Fund (MZLSX) 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.

	MZLSX	JMSIX	Difference
Sharpe ratio Return per unit of total volatility	2.80	2.15	+0.65
Sortino ratio Return per unit of downside risk	4.00	3.84	+0.16
Omega ratio Gain probability vs. loss probability	1.71	1.54	+0.18
Calmar ratio Return relative to maximum drawdown	2.99	3.47	-0.48
Martin ratio Return relative to average drawdown	14.39	13.30	+1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MZLSX vs. JMSIX - Sharpe Ratio Comparison

The current MZLSX Sharpe Ratio is 2.80, which is higher than the JMSIX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of MZLSX and JMSIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MZLSX	JMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	2.15	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.19	0.76	+1.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	0.76	+0.92

Correlation

The correlation between MZLSX and JMSIX is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MZLSX vs. JMSIX - Dividend Comparison

MZLSX's dividend yield for the trailing twelve months is around 7.01%, more than JMSIX's 5.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MZLSX Muzinich Low Duration Fund	7.01%	7.03%	4.77%	4.88%	3.85%	6.36%	2.08%	2.24%	8.62%	1.86%	0.79%
JMSIX JPMorgan Income Fund	5.53%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%

Drawdowns

MZLSX vs. JMSIX - Drawdown Comparison

The maximum MZLSX drawdown since its inception was -12.66%, smaller than the maximum JMSIX drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for MZLSX and JMSIX.

Drawdown Indicators

	MZLSX	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-12.66%	-18.40%	+5.74%
Max Drawdown (1Y) Largest decline over 1 year	-1.50%	-1.64%	+0.14%
Max Drawdown (5Y) Largest decline over 5 years	-6.09%	-11.39%	+5.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.40%	—
Current Drawdown Current decline from peak	-1.40%	-1.39%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.86%	-2.60%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	0.43%	-0.12%

Volatility

MZLSX vs. JMSIX - Volatility Comparison

Muzinich Low Duration Fund (MZLSX) has a higher volatility of 0.81% compared to JPMorgan Income Fund (JMSIX) at 0.77%. This indicates that MZLSX'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

	MZLSX	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.81%	0.77%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	1.13%	1.67%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	1.57%	2.59%	-1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.58%	3.70%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.13%	3.85%	-1.72%