VMSAX vs. JMSIX
Compare and contrast key facts about Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) and JPMorgan Income Fund (JMSIX).
VMSAX is an actively managed fund by Vanguard. It was launched on Oct 12, 2021. JMSIX is managed by JPMorgan. It was launched on Jun 1, 2014.
Performance
VMSAX vs. JMSIX - Performance Comparison
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VMSAX vs. JMSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | -0.99% | 9.08% | 6.86% | 10.53% | -8.42% |
JMSIX JPMorgan Income Fund | -0.29% | 7.68% | 7.78% | 6.14% | -7.45% |
Returns By Period
In the year-to-date period, VMSAX achieves a -0.99% return, which is significantly lower than JMSIX's -0.29% return.
VMSAX
- 1D
- 0.22%
- 1M
- -1.98%
- YTD
- -0.99%
- 6M
- 0.66%
- 1Y
- 6.00%
- 3Y*
- 7.21%
- 5Y*
- —
- 10Y*
- —
JMSIX
- 1D
- 0.24%
- 1M
- -1.39%
- YTD
- -0.29%
- 6M
- 1.33%
- 1Y
- 5.02%
- 3Y*
- 6.36%
- 5Y*
- 2.78%
- 10Y*
- 3.93%
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VMSAX vs. JMSIX - Expense Ratio Comparison
VMSAX has a 0.30% expense ratio, which is lower than JMSIX's 0.40% expense ratio.
Return for Risk
VMSAX vs. JMSIX — Risk / Return Rank
VMSAX
JMSIX
VMSAX vs. JMSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) 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.
| VMSAX | JMSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 2.15 | -2.11 |
Sortino ratioReturn per unit of downside risk | 1.32 | 3.84 | -2.52 |
Omega ratioGain probability vs. loss probability | 2.07 | 1.54 | +0.54 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 3.47 | -3.36 |
Martin ratioReturn relative to average drawdown | 1.75 | 13.30 | -11.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VMSAX | JMSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 2.15 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.76 | -0.70 |
Correlation
The correlation between VMSAX and JMSIX is 0.80, 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.
Dividends
VMSAX vs. JMSIX - Dividend Comparison
VMSAX's dividend yield for the trailing twelve months is around 5.17%, less than JMSIX's 5.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares | 5.17% | 5.66% | 6.48% | 5.52% | 3.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JMSIX JPMorgan Income Fund | 5.53% | 5.95% | 5.78% | 4.43% | 4.78% | 4.00% | 4.95% | 5.10% | 5.43% | 5.42% | 0.46% |
Drawdowns
VMSAX vs. JMSIX - Drawdown Comparison
The maximum VMSAX drawdown since its inception was -54.84%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for VMSAX and JMSIX.
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Drawdown Indicators
| VMSAX | JMSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.84% | -18.40% | -36.44% |
Max Drawdown (1Y)Largest decline over 1 year | -54.84% | -1.64% | -53.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.40% | — |
Current DrawdownCurrent decline from peak | -2.03% | -1.39% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -2.60% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 0.43% | +3.07% |
Volatility
VMSAX vs. JMSIX - Volatility Comparison
Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) has a higher volatility of 1.19% compared to JPMorgan Income Fund (JMSIX) at 0.77%. This indicates that VMSAX'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.
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Volatility by Period
| VMSAX | JMSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.77% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 112.83% | 1.67% | +111.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 133.59% | 2.59% | +131.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.65% | 3.70% | +61.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.65% | 3.85% | +61.80% |