VMSIX vs. JPIE
VMSIX (Vanguard Multi-Sector Income Bond Inv) and JPIE (JPMorgan Income ETF) are both Multisector Bonds funds. Both are actively managed. Over the past 3 years, VMSIX returned 7.73%/yr vs 6.60%/yr for JPIE. A 0.80 correlation means they provide meaningful diversification when combined. VMSIX charges 0.45%/yr vs 0.40%/yr for JPIE.
Performance
VMSIX vs. JPIE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VMSIX achieves a 1.25% return, which is significantly lower than JPIE's 1.47% return.
VMSIX
- 1D
- 0.11%
- 1M
- 0.68%
- YTD
- 1.25%
- 6M
- 1.58%
- 1Y
- 6.49%
- 3Y*
- 7.73%
- 5Y*
- —
- 10Y*
- —
JPIE
- 1D
- -0.07%
- 1M
- 0.48%
- YTD
- 1.47%
- 6M
- 1.63%
- 1Y
- 5.46%
- 3Y*
- 6.60%
- 5Y*
- —
- 10Y*
- —
VMSIX vs. JPIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VMSIX Vanguard Multi-Sector Income Bond Inv | 1.25% | 9.09% | 6.68% | 10.43% | -8.50% |
JPIE JPMorgan Income ETF | 1.47% | 7.39% | 6.32% | 7.07% | -4.94% |
Correlation
The correlation between VMSIX and JPIE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022 | 0.80 |
The correlation between VMSIX and JPIE has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VMSIX vs. JPIE — Risk / Return Rank
VMSIX
JPIE
VMSIX vs. JPIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond Inv (VMSIX) 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.
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.
| VMSIX | JPIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.76 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 4.78 | -1.82 |
| Martin ratioReturn relative to average drawdown | 13.55 | 23.37 | -9.82 |
Loading charts...
Drawdowns
VMSIX vs. JPIE - Drawdown Comparison
The maximum VMSIX drawdown since its inception was -13.11%, which is greater than JPIE's maximum drawdown of -9.96%. Use the drawdown chart below to compare losses from any high point for VMSIX and JPIE.
Loading charts...
Drawdown Indicators
| VMSIX | JPIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.11% | -9.96% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.20% | -1.15% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -2.40% | -1.42% |
Current DrawdownCurrent decline from peak | -0.11% | -0.35% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -2.07% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 0.23% | +0.25% |
Volatility
VMSIX vs. JPIE - Volatility Comparison
Vanguard Multi-Sector Income Bond Inv (VMSIX) has a higher volatility of 0.78% compared to JPMorgan Income ETF (JPIE) at 0.59%. This indicates that VMSIX's price experiences larger fluctuations and is considered to be riskier than JPIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VMSIX | JPIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.59% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.05% | 1.34% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 1.62% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.68% | 3.51% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 3.51% | +1.17% |
VMSIX vs. JPIE - Expense Ratio Comparison
VMSIX has a 0.45% expense ratio, which is higher than JPIE's 0.40% expense ratio.
Dividends
VMSIX vs. JPIE - Dividend Comparison
VMSIX's dividend yield for the trailing twelve months is around 5.44%, 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% |
VMSIX Vanguard Multi-Sector Income Bond Inv | 5.44% | 5.56% | 6.37% | 5.43% | 3.66% | 0.00% |
Frequently Asked Questions
VMSIX and JPIE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMSIX has higher volatility (0.78%) compared to JPIE (0.59%). In terms of maximum drawdown, VMSIX dropped -13.11% vs JPIE's -9.96%.
JPIE currently has the higher Sharpe Ratio (3.40 vs 2.61), 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.
Find the right allocation for VMSIX and JPIE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer