VBLAX vs. JSOSX
VBLAX (Vanguard Long-Term Bond Index Fund Admiral Shares) and JSOSX (JPMorgan Strategic Income Opportunities Fund Class I) are both Total Bond Market funds. Over the past 5 years, VBLAX returned -5.20%/yr vs 3.25%/yr for JSOSX. Their -0.19 correlation means they have often moved in opposite directions in the past. VBLAX charges 0.07%/yr vs 0.77%/yr for JSOSX.
Performance
VBLAX vs. JSOSX - Performance Comparison
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Returns By Period
In the year-to-date period, VBLAX achieves a -3.42% return, which is significantly lower than JSOSX's 1.44% return.
VBLAX
- 1D
- -0.50%
- 1M
- -3.76%
- 6M
- -3.26%
- YTD
- -3.42%
- 1Y
- -1.17%
- 3Y*
- 1.23%
- 5Y*
- -5.20%
- 10Y*
- —
- ALL TIME*
- 0.08%
JSOSX
- 1D
- 0.00%
- 1M
- 0.28%
- 6M
- 1.13%
- YTD
- 1.44%
- 1Y
- 3.00%
- 3Y*
- 4.28%
- 5Y*
- 3.25%
- 10Y*
- 2.95%
- ALL TIME*
- 4.00%
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 |
VBLAX vs. JSOSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | -3.42% | 6.57% | -4.14% | 7.55% | -27.22% | -3.36% | 15.75% | 16.45% |
JSOSX JPMorgan Strategic Income Opportunities Fund Class I | 1.44% | 3.70% | 5.45% | 5.25% | 0.46% | 0.64% | 1.55% | 2.51% |
Correlation
The correlation between VBLAX and JSOSX is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | -0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | -0.19 |
The correlation between VBLAX and JSOSX shifts across timeframes, from -0.27 (5 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBLAX vs. JSOSX — Risk / Return Rank
VBLAX
JSOSX
VBLAX vs. JSOSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) 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.
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.
| VBLAX | JSOSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.28 | ||
| Sortino ratioReturn per unit of downside risk | -7.09 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 3.15 | -2.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 11.82 | -11.84 |
| Martin ratioReturn relative to average drawdown | -0.05 | 56.47 | -56.52 |
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Drawdowns
VBLAX vs. JSOSX - Drawdown Comparison
The maximum VBLAX drawdown since its inception was -38.62%, which is greater than JSOSX's maximum drawdown of -6.40%. Use the drawdown chart below to compare losses from any high point for VBLAX and JSOSX.
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Drawdown Indicators
| VBLAX | JSOSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -6.40% | -32.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -0.26% | -6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -11.56% | -0.44% | -11.12% |
Max Drawdown (5Y)Largest decline over 5 years | -36.32% | -0.98% | -35.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.19% | — |
Current DrawdownCurrent decline from peak | -27.42% | 0.00% | -27.42% |
Average DrawdownAverage peak-to-trough decline | -18.25% | -0.46% | -17.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 0.05% | +2.70% |
Volatility
VBLAX vs. JSOSX - Volatility Comparison
Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) has a higher volatility of 2.10% compared to JPMorgan Strategic Income Opportunities Fund Class I (JSOSX) at 0.14%. This indicates that VBLAX'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.
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Volatility by Period
| VBLAX | JSOSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 0.14% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 6.00% | 0.60% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.87% | 0.73% | +7.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.81% | 0.80% | +12.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 1.18% | +11.38% |
VBLAX vs. JSOSX - Expense Ratio Comparison
VBLAX has a 0.07% expense ratio, which is lower than JSOSX's 0.77% expense ratio.
Dividends
VBLAX vs. JSOSX - Dividend Comparison
VBLAX's dividend yield for the trailing twelve months is around 4.54%, more than JSOSX's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JSOSX JPMorgan Strategic Income Opportunities Fund Class I | 3.23% | 3.82% | 5.05% | 4.77% | 1.69% | 0.55% | 1.26% | 2.85% | 3.00% | 3.21% | 4.30% | 3.44% |
VBLAX Vanguard Long-Term Bond Index Fund Admiral Shares | 4.54% | 4.64% | 4.61% | 4.08% | 4.13% | 2.62% | 5.39% | 3.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBLAX and JSOSX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBLAX has higher volatility (2.10%) compared to JSOSX (0.14%). In terms of maximum drawdown, VBLAX dropped -38.62% vs JSOSX's -6.40%.
JSOSX currently has the higher Sharpe Ratio (4.27 vs -0.02), 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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