TMSF vs. JPIE
TMSF (T. Rowe Price Multi-Sector Income ETF) and JPIE (JPMorgan Income ETF) are both Multisector Bonds funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. TMSF charges 0.37%/yr vs 0.41%/yr for JPIE.
Performance
TMSF vs. JPIE - Performance Comparison
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Returns By Period
In the year-to-date period, TMSF achieves a 1.71% return, which is significantly higher than JPIE's 1.43% return.
TMSF
- 1D
- -0.20%
- 1M
- 0.53%
- YTD
- 1.71%
- 6M
- 2.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPIE
- 1D
- -0.13%
- 1M
- 0.37%
- YTD
- 1.43%
- 6M
- 1.83%
- 1Y
- 5.90%
- 3Y*
- 6.43%
- 5Y*
- —
- 10Y*
- —
TMSF vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TMSF T. Rowe Price Multi-Sector Income ETF | 1.71% | 1.29% |
JPIE JPMorgan Income ETF | 1.43% | 0.92% |
Correlation
The correlation between TMSF and JPIE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 21, 2025 | 0.67 |
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Return for Risk
TMSF vs. JPIE — Risk / Return Rank
TMSF
JPIE
TMSF vs. JPIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Multi-Sector Income ETF (TMSF) and JPMorgan Income ETF (JPIE). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TMSF | JPIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.99 | 0.98 | +1.01 |
Drawdowns
TMSF vs. JPIE - Drawdown Comparison
The maximum TMSF drawdown since its inception was -2.28%, smaller than the maximum JPIE drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for TMSF and JPIE.
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Drawdown Indicators
| TMSF | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -9.96% | +7.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.15% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.40% | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.13% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -2.10% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.23% | — |
Volatility
TMSF vs. JPIE - Volatility Comparison
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Volatility by Period
| TMSF | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.60% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.94% | 1.59% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.94% | 3.52% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.94% | 3.52% | -0.58% |
TMSF vs. JPIE - Expense Ratio Comparison
TMSF has a 0.37% expense ratio, which is lower than JPIE's 0.41% expense ratio.
Dividends
TMSF vs. JPIE - Dividend Comparison
TMSF's dividend yield for the trailing twelve months is around 3.06%, less than JPIE's 5.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
JPIE JPMorgan Income ETF | 5.62% | 5.65% | 6.11% | 5.70% | 4.49% | 0.63% |
TMSF T. Rowe Price Multi-Sector Income ETF | 3.06% | 0.75% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TMSF and JPIE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TMSF is cheaper at 0.37% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TMSF is cheaper with a 0.37% expense ratio, compared with 0.41% for JPIE.
JPIE has the higher dividend yield at 5.62%, compared with 3.06% for TMSF.
They also come from different issuers: T. Rowe Price and JPMorgan. Their fees differ too: 0.37% for TMSF and 0.41% for JPIE.
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