OLGAX vs. USMSX
OLGAX (JPMorgan Large Cap Growth Fund Class A) and USMSX (JPMorgan Ultra-Short Municipal Fund) are both mutual funds - OLGAX is a Large Cap Growth Equities fund actively managed by JPMorgan, while USMSX is a Municipal Bonds fund managed by JPMorgan. Over the past 5 years, OLGAX returned 9.56%/yr vs 1.73%/yr for USMSX. Their 0.06 correlation means their historical movements had little consistent relationship. OLGAX charges 0.94%/yr vs 0.45%/yr for USMSX.
Performance
OLGAX vs. USMSX - Performance Comparison
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Returns By Period
In the year-to-date period, OLGAX achieves a -2.05% return, which is significantly lower than USMSX's 0.62% return.
OLGAX
- 1D
- 3.90%
- 1M
- -4.46%
- 6M
- -0.81%
- YTD
- -2.05%
- 1Y
- 4.32%
- 3Y*
- 16.57%
- 5Y*
- 9.56%
- 10Y*
- 18.09%
- ALL TIME*
- 10.03%
USMSX
- 1D
- -0.10%
- 1M
- -0.10%
- 6M
- 0.35%
- YTD
- 0.62%
- 1Y
- 1.71%
- 3Y*
- 2.76%
- 5Y*
- 1.73%
- 10Y*
- —
- ALL TIME*
- 1.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
OLGAX vs. USMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OLGAX JPMorgan Large Cap Growth Fund Class A | -2.05% | 13.79% | 34.85% | 34.28% | -25.58% | 17.87% | 55.60% | 38.81% | 0.23% | 37.75% |
USMSX JPMorgan Ultra-Short Municipal Fund | 0.62% | 2.87% | 3.09% | 3.21% | -0.90% | -0.15% | 0.77% | 1.90% | 1.01% | 0.69% |
Correlation
The correlation between OLGAX and USMSX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.06 |
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Return for Risk
OLGAX vs. USMSX — Risk / Return Rank
OLGAX
USMSX
OLGAX vs. USMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Growth Fund Class A (OLGAX) and JPMorgan Ultra-Short Municipal Fund (USMSX). 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.
| OLGAX | USMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.59 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 2.63 | -1.59 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 5.76 | -5.59 |
| Martin ratioReturn relative to average drawdown | 0.45 | 24.12 | -23.67 |
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Drawdowns
OLGAX vs. USMSX - Drawdown Comparison
The maximum OLGAX drawdown since its inception was -63.25%, which is greater than USMSX's maximum drawdown of -2.09%. Use the drawdown chart below to compare losses from any high point for OLGAX and USMSX.
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Drawdown Indicators
| OLGAX | USMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.25% | -2.09% | -61.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.92% | -0.30% | -16.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -0.50% | -21.05% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -2.03% | -29.31% |
Max Drawdown (10Y)Largest decline over 10 years | -31.87% | — | — |
Current DrawdownCurrent decline from peak | -9.09% | -0.20% | -8.89% |
Average DrawdownAverage peak-to-trough decline | -18.63% | -0.22% | -18.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 0.07% | +6.23% |
Volatility
OLGAX vs. USMSX - Volatility Comparison
JPMorgan Large Cap Growth Fund Class A (OLGAX) has a higher volatility of 8.32% compared to JPMorgan Ultra-Short Municipal Fund (USMSX) at 0.20%. This indicates that OLGAX's price experiences larger fluctuations and is considered to be riskier than USMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OLGAX | USMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.32% | 0.20% | +8.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 0.49% | +14.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 0.63% | +18.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.74% | 0.71% | +20.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.80% | 0.74% | +21.06% |
OLGAX vs. USMSX - Expense Ratio Comparison
OLGAX has a 0.94% expense ratio, which is higher than USMSX's 0.45% expense ratio.
Dividends
OLGAX vs. USMSX - Dividend Comparison
OLGAX's dividend yield for the trailing twelve months is around 12.06%, more than USMSX's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OLGAX JPMorgan Large Cap Growth Fund Class A | 12.06% | 11.82% | 2.06% | 0.00% | 3.20% | 15.30% | 5.32% | 13.03% | 16.18% | 14.92% | 9.94% | 4.51% |
USMSX JPMorgan Ultra-Short Municipal Fund | 2.11% | 2.42% | 2.84% | 2.35% | 0.70% | 0.05% | 0.57% | 1.28% | 1.01% | 0.59% | 0.00% | 0.00% |
Frequently Asked Questions
OLGAX and USMSX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OLGAX has higher volatility (8.32%) compared to USMSX (0.20%). In terms of maximum drawdown, OLGAX dropped -63.25% vs USMSX's -2.09%.
USMSX currently has the higher Sharpe Ratio (2.74 vs 0.15), 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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