SADIX vs. JMGIX
Compare and contrast key facts about Allspring Ultra Short-Term Income Fund (SADIX) and JPMorgan Managed Income Fund (JMGIX).
SADIX is managed by Allspring Global Investments. It was launched on Aug 31, 1999. JMGIX is managed by Blackrock. It was launched on Sep 30, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SADIX or JMGIX.
Correlation
The correlation between SADIX and JMGIX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SADIX vs. JMGIX - Performance Comparison
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Key characteristics
SADIX:
3.79
JMGIX:
3.19
SADIX:
11.65
JMGIX:
10.20
SADIX:
3.54
JMGIX:
3.04
SADIX:
11.02
JMGIX:
17.39
SADIX:
56.10
JMGIX:
57.69
SADIX:
0.11%
JMGIX:
0.09%
SADIX:
1.66%
JMGIX:
1.62%
SADIX:
-7.34%
JMGIX:
-2.18%
SADIX:
-0.11%
JMGIX:
-0.20%
Returns By Period
In the year-to-date period, SADIX achieves a 1.24% return, which is significantly lower than JMGIX's 1.51% return. Over the past 10 years, SADIX has outperformed JMGIX with an annualized return of 2.97%, while JMGIX has yielded a comparatively lower 2.17% annualized return.
SADIX
1.24%
0.46%
2.14%
6.24%
4.23%
2.97%
JMGIX
1.51%
0.47%
2.31%
5.20%
2.78%
2.17%
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SADIX vs. JMGIX - Expense Ratio Comparison
SADIX has a 0.26% expense ratio, which is higher than JMGIX's 0.25% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SADIX vs. JMGIX — Risk-Adjusted Performance Rank
SADIX
JMGIX
SADIX vs. JMGIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short-Term Income Fund (SADIX) and JPMorgan Managed Income Fund (JMGIX). 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.
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Dividends
SADIX vs. JMGIX - Dividend Comparison
SADIX's dividend yield for the trailing twelve months is around 5.25%, more than JMGIX's 4.86% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SADIX Allspring Ultra Short-Term Income Fund | 5.25% | 6.22% | 4.64% | 2.18% | 1.06% | 1.87% | 2.46% | 2.04% | 1.50% | 1.36% | 1.13% | 1.11% |
JMGIX JPMorgan Managed Income Fund | 4.86% | 5.11% | 4.56% | 1.32% | 0.45% | 1.27% | 2.54% | 2.14% | 1.34% | 0.90% | 0.43% | 0.31% |
Drawdowns
SADIX vs. JMGIX - Drawdown Comparison
The maximum SADIX drawdown since its inception was -7.34%, which is greater than JMGIX's maximum drawdown of -2.18%. Use the drawdown chart below to compare losses from any high point for SADIX and JMGIX. For additional features, visit the drawdowns tool.
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Volatility
SADIX vs. JMGIX - Volatility Comparison
The current volatility for Allspring Ultra Short-Term Income Fund (SADIX) is 0.27%, while JPMorgan Managed Income Fund (JMGIX) has a volatility of 0.51%. This indicates that SADIX experiences smaller price fluctuations and is considered to be less risky than JMGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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