AFDVX vs. JMCRX

Last updated Jun 25, 2026

AFDVX (Applied Finance Explorer Investor) and JMCRX (James Micro Cap Fund) are both Small Cap Value Equities funds. Over the past 10 years, AFDVX returned 14.15%/yr vs 9.78%/yr for JMCRX. Their correlation of 0.91 suggests significant overlap in exposure. AFDVX charges 1.08%/yr vs 1.51%/yr for JMCRX.

Performance

AFDVX vs. JMCRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance Explorer Investor (AFDVX) and James Micro Cap Fund (JMCRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFDVX achieves a 14.11% return, which is significantly lower than JMCRX's 17.98% return. Over the past 10 years, AFDVX has outperformed JMCRX with an annualized return of 14.15%, while JMCRX has yielded a comparatively lower 9.78% annualized return.

AFDVX

• 1D: 0.00%
• 1M: 4.62%
• YTD: 14.11%
• 6M: 11.78%
• 1Y: 25.54%
• 3Y*: 17.20%
• 5Y*: 9.72%
• 10Y*: 14.15%

JMCRX

• 1D: -0.72%
• 1M: 3.60%
• YTD: 17.98%
• 6M: 15.03%
• 1Y: 28.96%
• 3Y*: 16.92%
• 5Y*: 9.14%
• 10Y*: 9.78%

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

AFDVX vs. JMCRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFDVX Applied Finance Explorer Investor	14.11%	8.96%	9.75%	22.19%	-13.84%	43.58%	19.12%	24.98%	-13.59%	17.32%
JMCRX James Micro Cap Fund	17.98%	4.37%	5.95%	31.72%	-17.33%	36.27%	-4.21%	30.55%	-16.62%	2.88%

Correlation

The correlation between AFDVX and JMCRX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.91

The correlation between AFDVX and JMCRX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

AFDVX vs. JMCRX — Risk / Return Rank

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

AFDVX

AFDVX Risk / Return Rank: 54
AFDVX Sharpe Ratio Rank: 45
AFDVX Sortino Ratio Rank: 48
AFDVX Omega Ratio Rank: 41
AFDVX Calmar Ratio Rank: 78
AFDVX Martin Ratio Rank: 60

JMCRX

JMCRX Risk / Return Rank: 50
JMCRX Sharpe Ratio Rank: 43
JMCRX Sortino Ratio Rank: 46
JMCRX Omega Ratio Rank: 38
JMCRX Calmar Ratio Rank: 76
JMCRX Martin Ratio Rank: 47

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.

AFDVX vs. JMCRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance Explorer Investor (AFDVX) and James Micro Cap Fund (JMCRX). 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.

	AFDVX	JMCRX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.69	-0.01
Sortino ratio: Return per unit of downside risk	2.50	2.54	-0.04
Omega ratio: Gain probability vs. loss probability	1.29	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	3.19	3.18	+0.01
Martin ratio: Return relative to average drawdown	10.48	8.85	+1.63

AFDVX vs. JMCRX - Sharpe Ratio Comparison

The current AFDVX Sharpe Ratio is 1.68, which is comparable to the JMCRX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of AFDVX and JMCRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AFDVX vs. JMCRX - Drawdown Comparison

The maximum AFDVX drawdown since its inception was -42.97%, smaller than the maximum JMCRX drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for AFDVX and JMCRX.

Drawdown Indicators

	AFDVX	JMCRX	Difference
Max Drawdown Largest peak-to-trough decline	-42.97%	-46.65%	+3.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-9.92%	+1.59%
Max Drawdown (3Y) Largest decline over 3 years	-23.38%	-26.90%	+3.52%
Max Drawdown (5Y) Largest decline over 5 years	-23.38%	-26.90%	+3.52%
Max Drawdown (10Y) Largest decline over 10 years	-42.97%	-46.65%	+3.68%
Current Drawdown Current decline from peak	0.00%	-0.72%	+0.72%
Average Drawdown Average peak-to-trough decline	-6.72%	-7.40%	+0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	3.56%	-1.03%

Volatility

AFDVX vs. JMCRX - Volatility Comparison

The current volatility for Applied Finance Explorer Investor (AFDVX) is 3.95%, while James Micro Cap Fund (JMCRX) has a volatility of 5.15%. This indicates that AFDVX experiences smaller price fluctuations and is considered to be less risky than JMCRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFDVX	JMCRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	5.15%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	10.68%	13.02%	-2.34%
Volatility (1Y) Calculated over the trailing 1-year period	15.83%	18.70%	-2.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.39%	20.87%	-0.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.51%	21.69%	+0.82%

AFDVX vs. JMCRX - Expense Ratio Comparison

AFDVX has a 1.08% expense ratio, which is lower than JMCRX's 1.51% expense ratio.

Dividends

AFDVX vs. JMCRX - Dividend Comparison

AFDVX's dividend yield for the trailing twelve months is around 2.54%, more than JMCRX's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFDVX Applied Finance Explorer Investor	2.54%	2.90%	2.49%	0.77%	1.73%	0.67%	0.15%	0.46%	10.44%	1.96%	0.00%	0.00%
JMCRX James Micro Cap Fund	0.87%	1.02%	1.43%	0.63%	9.14%	3.84%	0.53%	6.35%	6.71%	7.80%	0.00%	0.09%

Frequently Asked Questions

Can I hold both AFDVX and JMCRX in my portfolio?

With a correlation of 0.91, AFDVX and JMCRX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AFDVX or JMCRX?

JMCRX has higher volatility (5.15%) compared to AFDVX (3.95%). In terms of maximum drawdown, AFDVX dropped -42.97% vs JMCRX's -46.65%.

Which has better risk-adjusted returns?

JMCRX currently has the higher Sharpe Ratio (1.69 vs 1.68), 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.