OSTAX vs. MQY
OSTAX (JPMorgan Short-Intermediate Municipal Bond Fund) and MQY (BlackRock MuniYield Quality Fund) are both Municipal Bonds funds. Over the past 10 years, OSTAX returned 1.03%/yr vs 1.10%/yr for MQY. Their 0.25 correlation means their historical movements had little consistent relationship. OSTAX charges 0.87%/yr vs 2.07%/yr for MQY.
Performance
OSTAX vs. MQY - Performance Comparison
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Returns By Period
In the year-to-date period, OSTAX achieves a -0.12% return, which is significantly lower than MQY's 2.86% return. Over the past 10 years, OSTAX has underperformed MQY with an annualized return of 1.03%, while MQY has yielded a comparatively higher 1.10% annualized return.
OSTAX
- 1D
- -0.10%
- 1M
- -0.58%
- 6M
- -0.80%
- YTD
- -0.12%
- 1Y
- 1.18%
- 3Y*
- 2.47%
- 5Y*
- 0.46%
- 10Y*
- 1.03%
- ALL TIME*
- 1.92%
MQY
- 1D
- 0.18%
- 1M
- -2.96%
- 6M
- -1.40%
- YTD
- 2.86%
- 1Y
- 7.69%
- 3Y*
- 5.15%
- 5Y*
- -2.52%
- 10Y*
- 1.10%
- ALL TIME*
- 5.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.25M | $4.35M | $4.30M | |
| $0.00 | $0.00 | $0.00 |
OSTAX vs. MQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | -0.12% | 3.89% | 1.64% | 3.13% | -5.27% | -0.26% | 3.02% | 4.31% | 0.80% | 2.01% |
MQY BlackRock MuniYield Quality Fund | 2.86% | 4.28% | -0.06% | 10.20% | -24.23% | 2.67% | 14.65% | 20.89% | -10.12% | 8.98% |
Correlation
The correlation between OSTAX and MQY 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. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 1998 | 0.25 |
The correlation between OSTAX and MQY shifts across timeframes, from 0.25 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
OSTAX vs. MQY — Risk / Return Rank
OSTAX
MQY
OSTAX vs. MQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) and BlackRock MuniYield Quality Fund (MQY). 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.
| OSTAX | MQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.95 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.14 | 2.99 | -0.84 |
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Drawdowns
OSTAX vs. MQY - Drawdown Comparison
The maximum OSTAX drawdown since its inception was -8.72%, smaller than the maximum MQY drawdown of -41.67%. Use the drawdown chart below to compare losses from any high point for OSTAX and MQY.
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Drawdown Indicators
| OSTAX | MQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -41.67% | +32.95% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -8.13% | +6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.07% | -17.03% | +14.96% |
Max Drawdown (5Y)Largest decline over 5 years | -8.71% | -35.44% | +26.73% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -35.97% | +27.25% |
Current DrawdownCurrent decline from peak | -1.30% | -14.37% | +13.07% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -8.31% | +7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 2.58% | -1.93% |
Volatility
OSTAX vs. MQY - Volatility Comparison
The current volatility for JPMorgan Short-Intermediate Municipal Bond Fund (OSTAX) is 0.43%, while BlackRock MuniYield Quality Fund (MQY) has a volatility of 1.97%. This indicates that OSTAX experiences smaller price fluctuations and is considered to be less risky than MQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OSTAX | MQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 1.97% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.01% | 7.26% | -6.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.20% | 9.41% | -8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.01% | 12.22% | -10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.33% | 13.02% | -10.69% |
OSTAX vs. MQY - Expense Ratio Comparison
OSTAX has a 0.87% expense ratio, which is lower than MQY's 2.07% expense ratio.
Dividends
OSTAX vs. MQY - Dividend Comparison
OSTAX's dividend yield for the trailing twelve months is around 2.19%, less than MQY's 6.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MQY BlackRock MuniYield Quality Fund | 6.20% | 6.16% | 6.04% | 4.46% | 5.87% | 4.93% | 4.21% | 4.00% | 5.24% | 5.67% | 6.10% | 6.06% |
OSTAX JPMorgan Short-Intermediate Municipal Bond Fund | 2.19% | 2.62% | 2.52% | 1.88% | 1.33% | 1.03% | 1.20% | 1.56% | 1.56% | 1.03% | 1.45% | 0.68% |
Frequently Asked Questions
OSTAX and MQY 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.
MQY has higher volatility (1.97%) compared to OSTAX (0.43%). In terms of maximum drawdown, OSTAX dropped -8.72% vs MQY's -41.67%.
OSTAX currently has the higher Sharpe Ratio (1.16 vs 0.82), 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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