VIG vs. JMSIX

Last updated Jun 9, 2026

VIG (Vanguard Dividend Appreciation ETF) and JMSIX (JPMorgan Income Fund) are both funds - VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while JMSIX is a Multisector Bonds fund managed by JPMorgan. Over the past 10 years, VIG returned 13.05%/yr vs 3.94%/yr for JMSIX. At a 0.22 correlation, their price movements are largely independent. VIG charges 0.04%/yr vs 0.40%/yr for JMSIX.

Performance

VIG vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Dividend Appreciation ETF (VIG) and JPMorgan Income Fund (JMSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIG achieves a 6.58% return, which is significantly higher than JMSIX's 1.11% return. Over the past 10 years, VIG has outperformed JMSIX with an annualized return of 13.05%, while JMSIX has yielded a comparatively lower 3.94% annualized return.

VIG

• 1D: 0.03%
• 1M: 2.32%
• YTD: 6.58%
• 6M: 6.47%
• 1Y: 18.31%
• 3Y*: 16.04%
• 5Y*: 10.62%
• 10Y*: 13.05%

JMSIX

• 1D: -0.12%
• 1M: 0.03%
• YTD: 1.11%
• 6M: 1.85%
• 1Y: 5.80%
• 3Y*: 7.04%
• 5Y*: 2.76%
• 10Y*: 3.94%

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

VIG vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIG Vanguard Dividend Appreciation ETF	6.58%	14.17%	16.99%	14.51%	-9.80%	23.76%	15.43%	29.62%	-2.08%	22.22%
JMSIX JPMorgan Income Fund	1.11%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	11.82%	1.03%	6.00%

Correlation

The correlation between VIG and JMSIX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Nov 10, 2014	0.22

Return for Risk

VIG vs. JMSIX — Risk / Return Rank

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

VIG

VIG Risk / Return Rank: 58
VIG Sharpe Ratio Rank: 60
VIG Sortino Ratio Rank: 64
VIG Omega Ratio Rank: 58
VIG Calmar Ratio Rank: 52
VIG Martin Ratio Rank: 58

JMSIX

JMSIX Risk / Return Rank: 79
JMSIX Sharpe Ratio Rank: 61
JMSIX Sortino Ratio Rank: 90
JMSIX Omega Ratio Rank: 86
JMSIX Calmar Ratio Rank: 78
JMSIX Martin Ratio Rank: 80

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.

VIG vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) 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.

	VIG	JMSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	2.21	-0.38
Sortino ratio: Return per unit of downside risk	2.65	4.35	-1.70
Omega ratio: Gain probability vs. loss probability	1.33	1.58	-0.25
Calmar ratio: Return relative to maximum drawdown	2.33	3.43	-1.11
Martin ratio: Return relative to average drawdown	9.37	14.27	-4.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIG vs. JMSIX - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 1.82, which is comparable to the JMSIX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of VIG and JMSIX, 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

	VIG	JMSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.21	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.74	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	1.02	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.78	-0.19

Drawdowns

VIG vs. JMSIX - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for VIG and JMSIX.

Drawdown Indicators

	VIG	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.81%	-18.40%	-28.41%
Max Drawdown (1Y) Largest decline over 1 year	-7.91%	-1.62%	-6.29%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-2.31%	-12.64%
Max Drawdown (5Y) Largest decline over 5 years	-20.39%	-11.39%	-9.00%
Max Drawdown (10Y) Largest decline over 10 years	-31.72%	-18.40%	-13.32%
Current Drawdown Current decline from peak	-1.34%	-0.24%	-1.10%
Average Drawdown Average peak-to-trough decline	-5.51%	-2.56%	-2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	0.39%	+1.57%

Volatility

VIG vs. JMSIX - Volatility Comparison

Vanguard Dividend Appreciation ETF (VIG) has a higher volatility of 2.42% compared to JPMorgan Income Fund (JMSIX) at 0.79%. This indicates that VIG'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.

Volatility by Period

	VIG	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.42%	0.79%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	7.68%	1.89%	+5.79%
Volatility (1Y) Calculated over the trailing 1-year period	10.10%	2.53%	+7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	3.73%	+10.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	3.87%	+12.19%

VIG vs. JMSIX - Expense Ratio Comparison

VIG has a 0.04% expense ratio, which is lower than JMSIX's 0.40% expense ratio.

Dividends

VIG vs. JMSIX - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.48%, less than JMSIX's 6.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMSIX JPMorgan Income Fund	6.04%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%	0.00%
VIG Vanguard Dividend Appreciation ETF	1.48%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%

Frequently Asked Questions

Can I hold both VIG and JMSIX in my portfolio?

VIG and JMSIX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIG or JMSIX?

VIG has higher volatility (2.42%) compared to JMSIX (0.79%). In terms of maximum drawdown, VIG dropped -46.81% vs JMSIX's -18.40%.

Which has better risk-adjusted returns?

JMSIX currently has the higher Sharpe Ratio (2.21 vs 1.82), 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.