AVDV vs. JMSIX

Last updated Jun 13, 2026

AVDV (Avantis International Small Cap Value ETF) and JMSIX (JPMorgan Income Fund) are both funds - AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while JMSIX is a Multisector Bonds fund managed by JPMorgan. Over the past 5 years, AVDV returned 13.63%/yr vs 2.76%/yr for JMSIX. At a 0.32 correlation, their price movements are largely independent. AVDV charges 0.36%/yr vs 0.40%/yr for JMSIX.

Performance

AVDV vs. JMSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value ETF (AVDV) 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, AVDV achieves a 14.99% return, which is significantly higher than JMSIX's 1.23% return.

AVDV

• 1D: 0.89%
• 1M: -1.95%
• YTD: 14.99%
• 6M: 17.18%
• 1Y: 40.93%
• 3Y*: 26.72%
• 5Y*: 13.63%
• 10Y*: —

JMSIX

• 1D: 0.12%
• 1M: 0.39%
• YTD: 1.23%
• 6M: 1.85%
• 1Y: 5.55%
• 3Y*: 7.12%
• 5Y*: 2.76%
• 10Y*: 3.97%

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

AVDV vs. JMSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	14.99%	49.37%	8.67%	16.85%	-11.47%	15.80%	5.01%	11.78%
JMSIX JPMorgan Income Fund	1.23%	7.68%	7.78%	6.14%	-8.24%	3.59%	3.07%	1.60%

Correlation

The correlation between AVDV and JMSIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.32

Return for Risk

AVDV vs. JMSIX — Risk / Return Rank

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

AVDV

AVDV Risk / Return Rank: 81
AVDV Sharpe Ratio Rank: 88
AVDV Sortino Ratio Rank: 86
AVDV Omega Ratio Rank: 86
AVDV Calmar Ratio Rank: 71
AVDV Martin Ratio Rank: 76

JMSIX

JMSIX Risk / Return Rank: 89
JMSIX Sharpe Ratio Rank: 82
JMSIX Sortino Ratio Rank: 94
JMSIX Omega Ratio Rank: 90
JMSIX Calmar Ratio Rank: 87
JMSIX Martin Ratio Rank: 90

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.

AVDV vs. JMSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value ETF (AVDV) 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.

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.

	AVDV	JMSIX	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.27	+0.27
Sortino ratio: Return per unit of downside risk	3.36	4.50	-1.14
Omega ratio: Gain probability vs. loss probability	1.46	1.60	-0.14
Calmar ratio: Return relative to maximum drawdown	3.12	3.51	-0.39
Martin ratio: Return relative to average drawdown	12.44	14.54	-2.10

AVDV vs. JMSIX - Sharpe Ratio Comparison

The current AVDV Sharpe Ratio is 2.53, which is comparable to the JMSIX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of AVDV 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.

Drawdowns

AVDV vs. JMSIX - Drawdown Comparison

The maximum AVDV drawdown since its inception was -43.01%, which is greater than JMSIX's maximum drawdown of -18.40%. Use the drawdown chart below to compare losses from any high point for AVDV and JMSIX.

Drawdown Indicators

	AVDV	JMSIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.01%	-18.40%	-24.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-1.62%	-11.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.17%	-2.31%	-11.86%
Max Drawdown (5Y) Largest decline over 5 years	-28.08%	-11.39%	-16.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.40%	—
Current Drawdown Current decline from peak	-2.24%	-0.12%	-2.12%
Average Drawdown Average peak-to-trough decline	-6.76%	-2.56%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	0.39%	+2.91%

Volatility

AVDV vs. JMSIX - Volatility Comparison

Avantis International Small Cap Value ETF (AVDV) has a higher volatility of 6.26% compared to JPMorgan Income Fund (JMSIX) at 0.79%. This indicates that AVDV'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

	AVDV	JMSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	0.79%	+5.47%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	1.89%	+11.99%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	2.52%	+13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	3.73%	+13.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	3.87%	+15.90%

AVDV vs. JMSIX - Expense Ratio Comparison

AVDV has a 0.36% expense ratio, which is lower than JMSIX's 0.40% expense ratio.

Dividends

AVDV vs. JMSIX - Dividend Comparison

AVDV's dividend yield for the trailing twelve months is around 4.11%, less than JMSIX's 6.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVDV Avantis International Small Cap Value ETF	4.11%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%	0.00%	0.00%	0.00%
JMSIX JPMorgan Income Fund	6.03%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%

Frequently Asked Questions

Can I hold both AVDV and JMSIX in my portfolio?

AVDV and JMSIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVDV or JMSIX?

AVDV has higher volatility (6.26%) compared to JMSIX (0.79%). In terms of maximum drawdown, AVDV dropped -43.01% vs JMSIX's -18.40%.

Which has better risk-adjusted returns?

AVDV currently has the higher Sharpe Ratio (2.53 vs 2.27), 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.