PIPNX vs. JMSIX
PIPNX (PIMCO Income Fund Class I-3) and JMSIX (JPMorgan Income Fund Class I) are both Multisector Bonds funds. Over the past 5 years, PIPNX returned 2.83%/yr vs 2.71%/yr for JMSIX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. PIPNX charges 0.77%/yr vs 0.40%/yr for JMSIX.
Performance
PIPNX vs. JMSIX - Performance Comparison
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Returns By Period
In the year-to-date period, PIPNX achieves a -0.12% return, which is significantly lower than JMSIX's 1.12% return.
PIPNX
- 1D
- -0.28%
- 1M
- -1.47%
- 6M
- -0.61%
- YTD
- -0.12%
- 1Y
- 4.16%
- 3Y*
- 6.61%
- 5Y*
- 2.83%
- 10Y*
- —
- ALL TIME*
- 3.75%
JMSIX
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 0.74%
- YTD
- 1.12%
- 1Y
- 3.79%
- 3Y*
- 6.94%
- 5Y*
- 2.71%
- 10Y*
- 3.79%
- ALL TIME*
- 2.90%
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 |
PIPNX vs. JMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PIPNX PIMCO Income Fund Class I-3 | -0.12% | 10.91% | 5.32% | 8.08% | -9.14% | 2.50% | 5.68% | 7.92% | 1.22% |
JMSIX JPMorgan Income Fund Class I | 1.12% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 11.82% | 1.75% |
Correlation
The correlation between PIPNX and JMSIX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018 | 0.76 |
The correlation between PIPNX and JMSIX has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
PIPNX vs. JMSIX — Risk / Return Rank
PIPNX
JMSIX
PIPNX vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Income Fund Class I-3 (PIPNX) and JPMorgan Income Fund Class I (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.
| PIPNX | JMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.45 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.64 | -1.32 |
| Martin ratioReturn relative to average drawdown | 4.15 | 10.52 | -6.37 |
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Drawdowns
PIPNX vs. JMSIX - Drawdown Comparison
The maximum PIPNX drawdown since its inception was -13.42%, smaller than the maximum JMSIX drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for PIPNX and JMSIX.
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Drawdown Indicators
| PIPNX | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.42% | -18.40% | +4.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.69% | -1.62% | -2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -2.25% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -13.42% | -11.39% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.40% | — |
Current DrawdownCurrent decline from peak | -2.01% | -0.59% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -2.38% | -2.53% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.41% | +0.76% |
Volatility
PIPNX vs. JMSIX - Volatility Comparison
PIMCO Income Fund Class I-3 (PIPNX) has a higher volatility of 1.17% compared to JPMorgan Income Fund Class I (JMSIX) at 0.53%. This indicates that PIPNX'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
| PIPNX | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.53% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 1.94% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 2.50% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 3.73% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 3.86% | +0.69% |
PIPNX vs. JMSIX - Expense Ratio Comparison
PIPNX has a 0.77% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Dividends
PIPNX vs. JMSIX - Dividend Comparison
PIPNX's dividend yield for the trailing twelve months is around 5.20%, less than JMSIX's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JMSIX JPMorgan Income Fund Class I | 5.54% | 5.95% | 5.78% | 4.43% | 4.78% | 4.00% | 4.95% | 5.10% | 5.43% | 5.42% | 0.46% |
PIPNX PIMCO Income Fund Class I-3 | 5.20% | 5.86% | 6.15% | 5.08% | 4.89% | 3.91% | 4.73% | 5.66% | 3.66% | 0.00% | 0.00% |
Frequently Asked Questions
PIPNX and JMSIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIPNX has higher volatility (1.17%) compared to JMSIX (0.53%). In terms of maximum drawdown, PIPNX dropped -13.42% vs JMSIX's -18.40%.
JMSIX currently has the higher Sharpe Ratio (1.74 vs 1.19), 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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