SWAGX vs. JSOSX

Last updated Jun 4, 2026

SWAGX (Schwab U.S. Aggregate Bond Index Fund) and JSOSX (JPMorgan Strategic Income Opportunities Fund Class I) are both Total Bond Market funds. Over the past 5 years, SWAGX returned 0.01%/yr vs 3.22%/yr for JSOSX. At a correlation of -0.19, they often move in opposite directions. SWAGX charges 0.04%/yr vs 0.77%/yr for JSOSX.

Performance

SWAGX vs. JSOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Aggregate Bond Index Fund (SWAGX) and JPMorgan Strategic Income Opportunities Fund Class I (JSOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWAGX achieves a 0.38% return, which is significantly lower than JSOSX's 1.16% return.

SWAGX

• 1D: 0.00%
• 1M: 0.47%
• YTD: 0.38%
• 6M: 0.30%
• 1Y: 5.37%
• 3Y*: 3.97%
• 5Y*: 0.01%
• 10Y*: —

JSOSX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 1.16%
• 6M: 1.41%
• 1Y: 3.40%
• 3Y*: 4.53%
• 5Y*: 3.22%
• 10Y*: 3.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SWAGX vs. JSOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWAGX Schwab U.S. Aggregate Bond Index Fund	0.38%	7.11%	1.38%	5.46%	-13.62%	-2.29%	7.39%	8.64%	-0.11%	2.62%
JSOSX JPMorgan Strategic Income Opportunities Fund Class I	1.16%	3.70%	5.45%	5.25%	0.46%	0.64%	1.55%	3.97%	0.77%	1.85%

Correlation

The correlation between SWAGX and JSOSX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	-0.24
Correlation (5Y) Calculated over the trailing 5-year period	-0.27
Correlation (All Time) Calculated using the full available price history since Feb 24, 2017	-0.19

The correlation between SWAGX and JSOSX shifts across timeframes, from -0.27 (5 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SWAGX vs. JSOSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SWAGX

SWAGX Risk / Return Rank: 21
SWAGX Sharpe Ratio Rank: 21
SWAGX Sortino Ratio Rank: 23
SWAGX Omega Ratio Rank: 19
SWAGX Calmar Ratio Rank: 21
SWAGX Martin Ratio Rank: 19

JSOSX

JSOSX Risk / Return Rank: 99
JSOSX Sharpe Ratio Rank: 99
JSOSX Sortino Ratio Rank: 99
JSOSX Omega Ratio Rank: 99
JSOSX Calmar Ratio Rank: 99
JSOSX Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWAGX vs. JSOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Aggregate Bond Index Fund (SWAGX) and JPMorgan Strategic Income Opportunities Fund Class I (JSOSX). 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.

	SWAGX	JSOSX	Difference
Sharpe ratio Return per unit of total volatility	1.31	5.15	-3.84
Sortino ratio Return per unit of downside risk	2.00	10.13	-8.14
Omega ratio Gain probability vs. loss probability	1.23	3.93	-2.70
Calmar ratio Return relative to maximum drawdown	1.73	13.36	-11.63
Martin ratio Return relative to average drawdown	5.25	82.51	-77.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SWAGX vs. JSOSX - Sharpe Ratio Comparison

The current SWAGX Sharpe Ratio is 1.31, which is lower than the JSOSX Sharpe Ratio of 5.15. The chart below compares the historical Sharpe Ratios of SWAGX and JSOSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SWAGX	JSOSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	5.15	-3.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	4.08	-4.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	2.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.99	-1.67

Drawdowns

SWAGX vs. JSOSX - Drawdown Comparison

The maximum SWAGX drawdown since its inception was -19.68%, which is greater than JSOSX's maximum drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for SWAGX and JSOSX.

Drawdown Indicators

	SWAGX	JSOSX	Difference
Max Drawdown Largest peak-to-trough decline	-19.68%	-6.40%	-13.28%
Max Drawdown (1Y) Largest decline over 1 year	-3.05%	-0.26%	-2.79%
Max Drawdown (3Y) Largest decline over 3 years	-6.14%	-0.44%	-5.70%
Max Drawdown (5Y) Largest decline over 5 years	-18.76%	-0.98%	-17.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-6.19%	—
Current Drawdown Current decline from peak	-3.38%	0.00%	-3.38%
Average Drawdown Average peak-to-trough decline	-5.68%	-0.46%	-5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	0.04%	+0.96%

Volatility

SWAGX vs. JSOSX - Volatility Comparison

Schwab U.S. Aggregate Bond Index Fund (SWAGX) has a higher volatility of 1.35% compared to JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) at 0.20%. This indicates that SWAGX's price experiences larger fluctuations and is considered to be riskier than JSOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SWAGX	JSOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	0.20%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	2.93%	0.54%	+2.39%
Volatility (1Y) Calculated over the trailing 1-year period	4.02%	0.68%	+3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	0.79%	+5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.12%	1.26%	+3.86%

SWAGX vs. JSOSX - Expense Ratio Comparison

SWAGX has a 0.04% expense ratio, which is lower than JSOSX's 0.77% expense ratio.

Dividends

SWAGX vs. JSOSX - Dividend Comparison

SWAGX's dividend yield for the trailing twelve months is around 4.13%, more than JSOSX's 3.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JSOSX JPMorgan Strategic Income Opportunities Fund Class I	3.62%	3.82%	5.05%	4.77%	1.69%	0.55%	1.26%	2.85%	3.00%	3.21%	4.30%	3.44%
SWAGX Schwab U.S. Aggregate Bond Index Fund	4.13%	4.02%	3.88%	3.22%	1.93%	1.56%	2.47%	2.87%	2.80%	1.98%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SWAGX and JSOSX in my portfolio?

SWAGX and JSOSX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SWAGX or JSOSX?

SWAGX has higher volatility (1.35%) compared to JSOSX (0.20%). In terms of maximum drawdown, SWAGX dropped -19.68% vs JSOSX's -6.40%.

Which has better risk-adjusted returns?

JSOSX currently has the higher Sharpe Ratio (5.15 vs 1.31), 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.