AVALX vs. JIVE

Last updated Jun 13, 2026

AVALX (Aegis Value Fund) and JIVE (Jpmorgan International Value ETF) are both funds - AVALX is a Small Cap Value Equities fund managed by Aegis, while JIVE is a Foreign Large Cap Equities fund actively managed by JPMorgan. Over the past year, AVALX returned 50.49% vs 40.92% for JIVE. A 0.59 correlation means they provide meaningful diversification when combined. AVALX charges 1.50%/yr vs 0.55%/yr for JIVE.

Performance

AVALX vs. JIVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aegis Value Fund (AVALX) and Jpmorgan International Value ETF (JIVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with AVALX having a 17.29% return and JIVE slightly lower at 16.59%.

AVALX

• 1D: 1.78%
• 1M: -4.39%
• YTD: 17.29%
• 6M: 17.59%
• 1Y: 50.49%
• 3Y*: 32.38%
• 5Y*: 20.79%
• 10Y*: 20.09%

JIVE

• 1D: 0.63%
• 1M: 1.67%
• YTD: 16.59%
• 6M: 19.20%
• 1Y: 40.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVALX vs. JIVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVALX Aegis Value Fund	17.29%	67.06%	8.29%	7.05%
JIVE Jpmorgan International Value ETF	16.59%	49.80%	11.22%	5.36%

Correlation

The correlation between AVALX and JIVE is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.59

The correlation between AVALX and JIVE has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.

Return for Risk

AVALX vs. JIVE — Risk / Return Rank

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

AVALX

AVALX Risk / Return Rank: 92
AVALX Sharpe Ratio Rank: 96
AVALX Sortino Ratio Rank: 87
AVALX Omega Ratio Rank: 86
AVALX Calmar Ratio Rank: 97
AVALX Martin Ratio Rank: 96

JIVE

JIVE Risk / Return Rank: 87
JIVE Sharpe Ratio Rank: 91
JIVE Sortino Ratio Rank: 89
JIVE Omega Ratio Rank: 88
JIVE Calmar Ratio Rank: 83
JIVE Martin Ratio Rank: 84

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.

AVALX vs. JIVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aegis Value Fund (AVALX) and Jpmorgan International Value ETF (JIVE). 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.

	AVALX	JIVE	Difference
Sharpe ratio: Return per unit of total volatility	3.00	2.73	+0.27
Sortino ratio: Return per unit of downside risk	3.66	3.59	+0.07
Omega ratio: Gain probability vs. loss probability	1.51	1.48	+0.03
Calmar ratio: Return relative to maximum drawdown	6.25	3.89	+2.36
Martin ratio: Return relative to average drawdown	21.12	14.92	+6.20

AVALX vs. JIVE - Sharpe Ratio Comparison

The current AVALX Sharpe Ratio is 3.00, which is comparable to the JIVE Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of AVALX and JIVE, 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

AVALX vs. JIVE - Drawdown Comparison

The maximum AVALX drawdown since its inception was -73.72%, which is greater than JIVE's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for AVALX and JIVE.

Drawdown Indicators

	AVALX	JIVE	Difference
Max Drawdown Largest peak-to-trough decline	-73.72%	-13.79%	-59.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-10.57%	+2.25%
Max Drawdown (3Y) Largest decline over 3 years	-13.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.34%	—	—
Current Drawdown Current decline from peak	-4.41%	-0.30%	-4.11%
Average Drawdown Average peak-to-trough decline	-10.94%	-1.96%	-8.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	2.76%	-0.30%

Volatility

AVALX vs. JIVE - Volatility Comparison

Aegis Value Fund (AVALX) and Jpmorgan International Value ETF (JIVE) have volatilities of 5.33% and 5.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVALX	JIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	5.61%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	12.71%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	15.07%	+2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.31%	15.11%	+7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.18%	15.11%	+7.07%

AVALX vs. JIVE - Expense Ratio Comparison

AVALX has a 1.50% expense ratio, which is higher than JIVE's 0.55% expense ratio.

Dividends

AVALX vs. JIVE - Dividend Comparison

AVALX's dividend yield for the trailing twelve months is around 1.99%, less than JIVE's 2.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVALX Aegis Value Fund	1.99%	2.34%	7.07%	2.23%	0.16%	0.00%	6.62%	2.36%	6.18%	0.00%	1.45%	0.04%
JIVE Jpmorgan International Value ETF	2.47%	2.88%	2.48%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVALX and JIVE in my portfolio?

AVALX and JIVE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVALX or JIVE?

JIVE has higher volatility (5.61%) compared to AVALX (5.33%). In terms of maximum drawdown, AVALX dropped -73.72% vs JIVE's -13.79%.

Which has better risk-adjusted returns?

AVALX currently has the higher Sharpe Ratio (3.00 vs 2.73), 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.