FLMVX vs. VO

Last updated Jul 14, 2026

FLMVX (JPMorgan Mid Cap Value Fund) and VO (Vanguard Mid-Cap ETF) are both funds - FLMVX is a Mid Cap Value Equities fund managed by JPMorgan, while VO is a Mid Cap Blend Equities fund tracking the CRSP US Mid Cap Index. Over the past 10 years, FLMVX returned 10.42%/yr vs 11.46%/yr for VO. Their correlation of 0.93 suggests significant overlap in exposure. FLMVX charges 0.75%/yr vs 0.03%/yr for VO.

Performance

FLMVX vs. VO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mid Cap Value Fund (FLMVX) and Vanguard Mid-Cap ETF (VO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with FLMVX having a 11.85% return and VO slightly higher at 12.19%. Over the past 10 years, FLMVX has underperformed VO with an annualized return of 10.42%, while VO has yielded a comparatively higher 11.46% annualized return.

FLMVX

• 1D: 0.56%
• 1M: 2.15%
• 6M: 8.48%
• YTD: 11.85%
• 1Y: 14.97%
• 3Y*: 16.56%
• 5Y*: 10.21%
• 10Y*: 10.42%

VO

• 1D: -0.12%
• 1M: 1.60%
• 6M: 8.84%
• YTD: 12.19%
• 1Y: 16.23%
• 3Y*: 14.65%
• 5Y*: 8.18%
• 10Y*: 11.46%

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

FLMVX vs. VO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLMVX JPMorgan Mid Cap Value Fund	11.85%	5.17%	27.75%	11.38%	-8.11%	29.89%	0.36%	26.67%	-11.66%	13.67%
VO Vanguard Mid-Cap ETF	12.19%	11.62%	15.31%	16.03%	-18.73%	24.70%	18.10%	30.98%	-9.24%	19.28%

Correlation

The correlation between FLMVX and VO is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004	0.93

The correlation between FLMVX and VO has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

FLMVX vs. VO — Risk / Return Rank

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

FLMVX

FLMVX Risk / Return Rank: 34
FLMVX Sharpe Ratio Rank: 30
FLMVX Sortino Ratio Rank: 33
FLMVX Omega Ratio Rank: 28
FLMVX Calmar Ratio Rank: 42
FLMVX Martin Ratio Rank: 39

VO

VO Risk / Return Rank: 48
VO Sharpe Ratio Rank: 45
VO Sortino Ratio Rank: 46
VO Omega Ratio Rank: 43
VO Calmar Ratio Rank: 50
VO Martin Ratio Rank: 55

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.

FLMVX vs. VO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Value Fund (FLMVX) and Vanguard Mid-Cap ETF (VO). 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.

	FLMVX	VO	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.28	-0.10
Sortino ratio: Return per unit of downside risk	1.82	1.86	-0.04
Omega ratio: Gain probability vs. loss probability	1.21	1.23	-0.02
Calmar ratio: Return relative to maximum drawdown	1.99	2.00	0.00
Martin ratio: Return relative to average drawdown	6.74	7.53	-0.78

FLMVX vs. VO - Sharpe Ratio Comparison

The current FLMVX Sharpe Ratio is 1.18, which is comparable to the VO Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of FLMVX and VO, 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

FLMVX vs. VO - Drawdown Comparison

The maximum FLMVX drawdown since its inception was -54.72%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for FLMVX and VO.

Drawdown Indicators

	FLMVX	VO	Difference
Max Drawdown Largest peak-to-trough decline	-54.72%	-58.87%	+4.15%
Max Drawdown (1Y) Largest decline over 1 year	-7.19%	-8.17%	+0.98%
Max Drawdown (3Y) Largest decline over 3 years	-15.91%	-19.02%	+3.11%
Max Drawdown (5Y) Largest decline over 5 years	-25.59%	-27.57%	+1.98%
Max Drawdown (10Y) Largest decline over 10 years	-43.06%	-39.37%	-3.69%
Current Drawdown Current decline from peak	-0.25%	-0.12%	-0.13%
Average Drawdown Average peak-to-trough decline	-6.43%	-7.83%	+1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.16%	-0.03%

Volatility

FLMVX vs. VO - Volatility Comparison

JPMorgan Mid Cap Value Fund (FLMVX) has a higher volatility of 3.55% compared to Vanguard Mid-Cap ETF (VO) at 3.38%. This indicates that FLMVX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLMVX	VO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.38%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	9.62%	-1.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	12.74%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	17.64%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.38%	18.87%	+1.51%

FLMVX vs. VO - Expense Ratio Comparison

FLMVX has a 0.75% expense ratio, which is higher than VO's 0.03% expense ratio.

Dividends

FLMVX vs. VO - Dividend Comparison

FLMVX's dividend yield for the trailing twelve months is around 18.92%, more than VO's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLMVX JPMorgan Mid Cap Value Fund	18.92%	21.16%	23.25%	6.10%	11.73%	14.98%	7.73%	5.20%	8.30%	2.71%	7.04%	6.69%
VO Vanguard Mid-Cap ETF	1.32%	1.52%	1.49%	1.52%	1.60%	1.12%	1.45%	1.48%	1.82%	1.35%	1.45%	1.47%

Frequently Asked Questions

Can I hold both FLMVX and VO in my portfolio?

FLMVX and VO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLMVX or VO?

FLMVX has higher volatility (3.55%) compared to VO (3.38%). In terms of maximum drawdown, FLMVX dropped -54.72% vs VO's -58.87%.

Which has better risk-adjusted returns?

VO currently has the higher Sharpe Ratio (1.28 vs 1.18), 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.