SRJSX vs. JMSIX
SRJSX (JPMorgan SmartRetirement 2035 Fund) and JMSIX (JPMorgan Income Fund Class I) are both mutual funds - SRJSX is a Target Retirement Date fund managed by JPMorgan, while JMSIX is a Multisector Bonds fund actively managed by JPMorgan. Over the past 10 years, SRJSX returned 8.93%/yr vs 3.76%/yr for JMSIX. Their 0.32 correlation means their historical movements had little consistent relationship. SRJSX charges 0.25%/yr vs 0.40%/yr for JMSIX.
Performance
SRJSX vs. JMSIX - Performance Comparison
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Returns By Period
In the year-to-date period, SRJSX achieves a 6.50% return, which is significantly higher than JMSIX's 1.12% return. Over the past 10 years, SRJSX has outperformed JMSIX with an annualized return of 8.93%, while JMSIX has yielded a comparatively lower 3.76% annualized return.
SRJSX
- 1D
- 1.42%
- 1M
- -0.56%
- 6M
- 4.42%
- YTD
- 6.50%
- 1Y
- 14.22%
- 3Y*
- 12.54%
- 5Y*
- 6.62%
- 10Y*
- 8.93%
- ALL TIME*
- 7.13%
JMSIX
- 1D
- 0.00%
- 1M
- -0.47%
- 6M
- 0.74%
- YTD
- 1.12%
- 1Y
- 3.79%
- 3Y*
- 6.81%
- 5Y*
- 2.71%
- 10Y*
- 3.76%
- 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 |
SRJSX vs. JMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRJSX JPMorgan SmartRetirement 2035 Fund | 6.50% | 15.45% | 9.17% | 20.02% | -17.43% | 13.93% | 14.20% | 22.39% | -8.85% | 20.25% |
JMSIX JPMorgan Income Fund Class I | 1.12% | 7.68% | 7.78% | 6.14% | -8.24% | 3.59% | 3.07% | 11.82% | 1.03% | 6.00% |
Correlation
The correlation between SRJSX and JMSIX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014 | 0.32 |
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Return for Risk
SRJSX vs. JMSIX — Risk / Return Rank
SRJSX
JMSIX
SRJSX vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2035 Fund (SRJSX) 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.
| SRJSX | JMSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.49 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.89 | -1.08 |
| Martin ratioReturn relative to average drawdown | 7.61 | 11.55 | -3.94 |
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Drawdowns
SRJSX vs. JMSIX - Drawdown Comparison
The maximum SRJSX drawdown since its inception was -51.17%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for SRJSX and JMSIX.
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Drawdown Indicators
| SRJSX | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.17% | -18.40% | -32.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -1.62% | -5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | -2.25% | -9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -11.39% | -12.47% |
Max Drawdown (10Y)Largest decline over 10 years | -29.08% | -18.40% | -10.68% |
Current DrawdownCurrent decline from peak | -1.25% | -0.59% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -2.54% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 0.41% | +1.31% |
Volatility
SRJSX vs. JMSIX - Volatility Comparison
JPMorgan SmartRetirement 2035 Fund (SRJSX) has a higher volatility of 2.84% compared to JPMorgan Income Fund Class I (JMSIX) at 0.53%. This indicates that SRJSX'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
| SRJSX | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 0.53% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.17% | 1.94% | +6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.74% | 2.50% | +7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 3.73% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 3.86% | +9.09% |
SRJSX vs. JMSIX - Expense Ratio Comparison
SRJSX has a 0.25% expense ratio, which is lower than JMSIX's 0.40% expense ratio.
Dividends
SRJSX vs. JMSIX - Dividend Comparison
SRJSX's dividend yield for the trailing twelve months is around 5.49%, which matches JMSIX's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SRJSX JPMorgan SmartRetirement 2035 Fund | 5.49% | 5.85% | 4.81% | 2.10% | 8.75% | 16.99% | 4.63% | 10.04% | 5.64% | 3.93% | 2.84% | 3.15% |
Frequently Asked Questions
SRJSX and JMSIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRJSX has higher volatility (2.84%) compared to JMSIX (0.53%). In terms of maximum drawdown, SRJSX dropped -51.17% vs JMSIX's -18.40%.
JMSIX currently has the higher Sharpe Ratio (1.88 vs 1.35), 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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