PDVAX vs. JMSIX
PDVAX (PIMCO Diversified Income Fund Class A) and JMSIX (JPMorgan Income Fund) are both Multisector Bonds funds. Over the past 10 years, PDVAX returned 3.87%/yr vs 3.95%/yr for JMSIX. A 0.74 correlation means they provide meaningful diversification when combined. PDVAX charges 1.21%/yr vs 0.40%/yr for JMSIX.
Performance
PDVAX vs. JMSIX - Performance Comparison
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Returns By Period
In the year-to-date period, PDVAX achieves a 1.58% return, which is significantly higher than JMSIX's 1.11% return. Both investments have delivered pretty close results over the past 10 years, with PDVAX having a 3.87% annualized return and JMSIX not far ahead at 3.95%.
PDVAX
- 1D
- 0.10%
- 1M
- 1.45%
- YTD
- 1.58%
- 6M
- 2.22%
- 1Y
- 8.30%
- 3Y*
- 8.08%
- 5Y*
- 2.01%
- 10Y*
- 3.87%
JMSIX
- 1D
- 0.00%
- 1M
- 0.62%
- YTD
- 1.11%
- 6M
- 1.73%
- 1Y
- 5.43%
- 3Y*
- 7.12%
- 5Y*
- 2.84%
- 10Y*
- 3.95%
PDVAX vs. JMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDVAX PIMCO Diversified Income Fund Class A | 1.58% | 9.98% | 5.93% | 9.55% | -14.97% | -0.06% | 5.98% | 12.59% | -1.37% | 8.43% |
JMSIX JPMorgan Income Fund | 1.11% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 11.82% | 1.03% | 6.00% |
Correlation
The correlation between PDVAX and JMSIX is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.74 |
The correlation between PDVAX and JMSIX has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
PDVAX vs. JMSIX — Risk / Return Rank
PDVAX
JMSIX
PDVAX vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Diversified Income Fund Class A (PDVAX) 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.
| PDVAX | JMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.57 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 3.43 | -1.07 |
| Martin ratioReturn relative to average drawdown | 9.47 | 14.19 | -4.72 |
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Drawdowns
PDVAX vs. JMSIX - Drawdown Comparison
The maximum PDVAX drawdown since its inception was -22.13%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for PDVAX and JMSIX.
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Drawdown Indicators
| PDVAX | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.13% | -18.40% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -1.62% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -2.31% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.85% | -11.39% | -9.46% |
Max Drawdown (10Y)Largest decline over 10 years | -20.85% | -18.40% | -2.45% |
Current DrawdownCurrent decline from peak | -0.20% | -0.35% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -2.56% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.39% | +0.49% |
Volatility
PDVAX vs. JMSIX - Volatility Comparison
PIMCO Diversified Income Fund Class A (PDVAX) has a higher volatility of 1.21% compared to JPMorgan Income Fund (JMSIX) at 0.77%. This indicates that PDVAX'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
| PDVAX | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.77% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.17% | 1.93% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 2.54% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 3.73% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.86% | 3.87% | +0.99% |
PDVAX vs. JMSIX - Expense Ratio Comparison
PDVAX has a 1.21% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Dividends
PDVAX vs. JMSIX - Dividend Comparison
PDVAX's dividend yield for the trailing twelve months is around 5.11%, less than JMSIX's 6.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
PDVAX PIMCO Diversified Income Fund Class A | 5.11% | 5.03% | 4.79% | 3.92% | 3.56% | 3.17% | 3.28% | 4.65% | 4.05% | 4.45% | 4.55% | 7.25% |
Frequently Asked Questions
PDVAX and JMSIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDVAX has higher volatility (1.21%) compared to JMSIX (0.77%). In terms of maximum drawdown, PDVAX dropped -22.13% vs JMSIX's -18.40%.
JMSIX currently has the higher Sharpe Ratio (2.19 vs 2.19), 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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