ODIDX vs. JMM
ODIDX (Oaktree Diversified Income Fund Inc. Class D) and JMM (Nuveen Multi-Market Income Fund) are both Multisector Bonds funds. Over the past 3 years, ODIDX returned 9.12%/yr vs 5.03%/yr for JMM. Their 0.21 correlation means their historical movements had little consistent relationship. ODIDX charges 2.10%/yr vs 0.04%/yr for JMM.
Performance
ODIDX vs. JMM - Performance Comparison
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Returns By Period
In the year-to-date period, ODIDX achieves a 2.47% return, which is significantly higher than JMM's -1.14% return.
ODIDX
- 1D
- -0.11%
- 1M
- 0.23%
- 6M
- 2.02%
- YTD
- 2.47%
- 1Y
- 5.35%
- 3Y*
- 9.12%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.94%
JMM
- 1D
- -0.52%
- 1M
- -1.04%
- 6M
- -3.99%
- YTD
- -1.14%
- 1Y
- -4.21%
- 3Y*
- 5.03%
- 5Y*
- 0.49%
- 10Y*
- 2.91%
- ALL TIME*
- 2.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.44K | $35.48K | $52.62K | |
| $0.00 | $0.00 | $0.00 |
ODIDX vs. JMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ODIDX Oaktree Diversified Income Fund Inc. Class D | 2.47% | 7.94% | 11.99% | 11.91% | -13.02% | -0.37% |
JMM Nuveen Multi-Market Income Fund | -1.14% | 5.61% | 8.15% | 6.57% | -17.95% | 2.43% |
Correlation
The correlation between ODIDX and JMM is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2021 | 0.21 |
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Return for Risk
ODIDX vs. JMM — Risk / Return Rank
ODIDX
JMM
ODIDX vs. JMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oaktree Diversified Income Fund Inc. Class D (ODIDX) and Nuveen Multi-Market Income Fund (JMM). 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.
| ODIDX | JMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.01 | ||
| Sortino ratioReturn per unit of downside risk | +6.30 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 0.96 | +1.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | -0.36 | +5.34 |
| Martin ratioReturn relative to average drawdown | 20.96 | -0.66 | +21.63 |
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Drawdowns
ODIDX vs. JMM - Drawdown Comparison
The maximum ODIDX drawdown since its inception was -13.71%, smaller than the maximum JMM drawdown of -48.15%. Use the drawdown chart below to compare losses from any high point for ODIDX and JMM.
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Drawdown Indicators
| ODIDX | JMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.71% | -48.15% | +34.44% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -8.28% | +7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.29% | -9.92% | +7.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.48% | — |
Current DrawdownCurrent decline from peak | -0.11% | -6.11% | +6.00% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -14.07% | +10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 4.52% | -4.26% |
Volatility
ODIDX vs. JMM - Volatility Comparison
The current volatility for Oaktree Diversified Income Fund Inc. Class D (ODIDX) is 0.30%, while Nuveen Multi-Market Income Fund (JMM) has a volatility of 2.51%. This indicates that ODIDX experiences smaller price fluctuations and is considered to be less risky than JMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODIDX | JMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 2.51% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 1.19% | 8.28% | -7.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.47% | 10.98% | -9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.18% | 13.40% | -10.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.18% | 13.90% | -10.72% |
ODIDX vs. JMM - Expense Ratio Comparison
ODIDX has a 2.10% expense ratio, which is higher than JMM's 0.04% expense ratio.
Dividends
ODIDX vs. JMM - Dividend Comparison
ODIDX's dividend yield for the trailing twelve months is around 9.09%, more than JMM's 6.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMM Nuveen Multi-Market Income Fund | 6.03% | 5.76% | 5.48% | 5.58% | 6.13% | 4.60% | 4.49% | 4.86% | 5.34% | 5.63% | 6.19% | 6.76% |
ODIDX Oaktree Diversified Income Fund Inc. Class D | 9.09% | 9.32% | 8.45% | 7.83% | 0.84% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ODIDX and JMM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMM has higher volatility (2.51%) compared to ODIDX (0.30%). In terms of maximum drawdown, ODIDX dropped -13.71% vs JMM's -48.15%.
ODIDX currently has the higher Sharpe Ratio (3.73 vs -0.27), 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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