TSIIX vs. JMSIX
Compare and contrast key facts about Thornburg Strategic Income Fund (TSIIX) and JPMorgan Income Fund (JMSIX).
TSIIX is managed by Thornburg. It was launched on Dec 18, 2007. JMSIX is managed by JPMorgan Chase. It was launched on Jun 1, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSIIX or JMSIX.
Key characteristics
| TSIIX | JMSIX | |
|---|---|---|
| YTD Return | 4.90% | 7.43% |
| 1Y Return | 9.50% | 11.93% |
| 3Y Return (Ann) | 1.82% | 1.68% |
| 5Y Return (Ann) | 3.53% | 2.53% |
| 10Y Return (Ann) | 3.43% | 3.73% |
| Sharpe Ratio | 2.45 | 3.91 |
| Sortino Ratio | 3.82 | 7.04 |
| Omega Ratio | 1.48 | 2.07 |
| Calmar Ratio | 2.50 | 1.81 |
| Martin Ratio | 12.53 | 28.25 |
| Ulcer Index | 0.72% | 0.42% |
| Daily Std Dev | 3.67% | 3.07% |
| Max Drawdown | -24.71% | -18.41% |
| Current Drawdown | -1.44% | -0.43% |
Correlation
The correlation between TSIIX and JMSIX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TSIIX vs. JMSIX - Performance Comparison
In the year-to-date period, TSIIX achieves a 4.90% return, which is significantly lower than JMSIX's 7.43% return. Over the past 10 years, TSIIX has underperformed JMSIX with an annualized return of 3.43%, while JMSIX has yielded a comparatively higher 3.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSIIX vs. JMSIX - Expense Ratio Comparison
TSIIX has a 0.60% expense ratio, which is higher than JMSIX's 0.40% expense ratio.
Risk-Adjusted Performance
TSIIX vs. JMSIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Strategic Income Fund (TSIIX) and JPMorgan Income Fund (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.
Dividends
TSIIX vs. JMSIX - Dividend Comparison
TSIIX's dividend yield for the trailing twelve months is around 4.93%, less than JMSIX's 5.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSIIX Thornburg Strategic Income Fund | 4.93% | 4.50% | 3.81% | 3.94% | 3.71% | 3.83% | 3.42% | 3.60% | 3.42% | 4.26% | 4.52% | 5.68% |
JMSIX JPMorgan Income Fund | 5.63% | 5.31% | 4.80% | 4.04% | 4.84% | 5.07% | 5.42% | 5.42% | 5.47% | 5.72% | 0.92% | 0.00% |
Drawdowns
TSIIX vs. JMSIX - Drawdown Comparison
The maximum TSIIX drawdown since its inception was -24.71%, which is greater than JMSIX's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for TSIIX and JMSIX. For additional features, visit the drawdowns tool.
Volatility
TSIIX vs. JMSIX - Volatility Comparison
Thornburg Strategic Income Fund (TSIIX) has a higher volatility of 0.97% compared to JPMorgan Income Fund (JMSIX) at 0.60%. This indicates that TSIIX'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.