FMIMX vs. JNVSX

Last updated Aug 1, 2026

FMIMX (FMI Common Stock Fund) and JNVSX (Jensen Quality Value Fund) are both mutual funds - FMIMX is a Mid Cap Blend Equities fund managed by FMI, while JNVSX is a Quality Factor fund managed by Jensen. Over the past 10 years, FMIMX returned 11.95%/yr vs 10.79%/yr for JNVSX. Their correlation of 0.87 means they have usually moved in the same direction. FMIMX charges 1.01%/yr vs 1.05%/yr for JNVSX.

Performance

FMIMX vs. JNVSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FMI Common Stock Fund (FMIMX) and Jensen Quality Value Fund (JNVSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMIMX achieves a 18.51% return, which is significantly higher than JNVSX's 3.70% return. Over the past 10 years, FMIMX has outperformed JNVSX with an annualized return of 11.95%, while JNVSX has yielded a comparatively lower 10.79% annualized return.

FMIMX

• 1D: -0.78%
• 1M: 2.67%
• 6M: 11.88%
• YTD: 18.51%
• 1Y: 17.90%
• 3Y*: 12.77%
• 5Y*: 10.68%
• 10Y*: 11.95%
• ALL TIME*: 9.43%

JNVSX

• 1D: -1.45%
• 1M: 1.73%
• 6M: 2.15%
• YTD: 3.70%
• 1Y: 1.89%
• 3Y*: 5.00%
• 5Y*: 8.36%
• 10Y*: 10.79%
• ALL TIME*: 10.46%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMIMX FMI Common Stock Fund	$0.00	$0.00	$0.00
JNVSX Jensen Quality Value Fund	$0.00	$0.00	$0.00

FMIMX vs. JNVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMIMX FMI Common Stock Fund	18.51%	2.12%	10.38%	24.85%	-5.95%	30.52%	5.79%	24.80%	-8.77%	13.92%
JNVSX Jensen Quality Value Fund	3.70%	-2.58%	9.40%	18.58%	-15.83%	60.71%	14.79%	27.58%	-9.03%	15.08%

Correlation

The correlation between FMIMX and JNVSX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010	0.87

The correlation between FMIMX and JNVSX shifts across timeframes, from 0.72 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FMIMX vs. JNVSX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMIMX

FMIMX Risk / Return Rank: 25
FMIMX Sharpe Ratio Rank: 25
FMIMX Sortino Ratio Rank: 29
FMIMX Omega Ratio Rank: 25
FMIMX Calmar Ratio Rank: 24
FMIMX Martin Ratio Rank: 20

JNVSX

JNVSX Risk / Return Rank: 5
JNVSX Sharpe Ratio Rank: 5
JNVSX Sortino Ratio Rank: 5
JNVSX Omega Ratio Rank: 4
JNVSX Calmar Ratio Rank: 5
JNVSX Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FMIMX vs. JNVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FMI Common Stock Fund (FMIMX) and Jensen Quality Value Fund (JNVSX). 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.

	FMIMX	JNVSX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.02	+0.84
Sortino ratio: Return per unit of downside risk	1.40	0.13	+1.28
Omega ratio: Gain probability vs. loss probability	1.16	1.01	+0.14
Calmar ratio: Return relative to maximum drawdown	1.09	0.02	+1.07
Martin ratio: Return relative to average drawdown	2.71	0.04	+2.67

FMIMX vs. JNVSX - Sharpe Ratio Comparison

The current FMIMX Sharpe Ratio is 0.86, which is higher than the JNVSX Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of FMIMX and JNVSX, 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

FMIMX vs. JNVSX - Drawdown Comparison

The maximum FMIMX drawdown since its inception was -59.09%, which is greater than JNVSX's maximum drawdown of -34.52%. Use the drawdown chart below to compare losses from any high point for FMIMX and JNVSX.

Drawdown Indicators

	FMIMX	JNVSX	Difference
Max Drawdown Largest peak-to-trough decline	-59.09%	-34.52%	-24.57%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-10.42%	-3.38%
Max Drawdown (3Y) Largest decline over 3 years	-21.31%	-17.43%	-3.88%
Max Drawdown (5Y) Largest decline over 5 years	-21.31%	-24.56%	+3.25%
Max Drawdown (10Y) Largest decline over 10 years	-38.07%	-34.52%	-3.55%
Current Drawdown Current decline from peak	-0.78%	-5.14%	+4.36%
Average Drawdown Average peak-to-trough decline	-10.42%	-5.20%	-5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.56%	5.81%	-0.25%

Volatility

FMIMX vs. JNVSX - Volatility Comparison

The current volatility for FMI Common Stock Fund (FMIMX) is 5.12%, while Jensen Quality Value Fund (JNVSX) has a volatility of 5.41%. This indicates that FMIMX experiences smaller price fluctuations and is considered to be less risky than JNVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMIMX	JNVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	5.41%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	12.67%	10.36%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.58%	13.53%	+4.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	20.56%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.23%	19.22%	+0.01%

FMIMX vs. JNVSX - Expense Ratio Comparison

FMIMX has a 1.01% expense ratio, which is lower than JNVSX's 1.05% expense ratio.

Dividends

FMIMX vs. JNVSX - Dividend Comparison

FMIMX's dividend yield for the trailing twelve months is around 11.17%, more than JNVSX's 10.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIMX FMI Common Stock Fund	11.17%	13.24%	2.01%	2.84%	6.65%	12.44%	0.76%	4.93%	10.17%	11.82%	4.92%	10.77%
JNVSX Jensen Quality Value Fund	10.85%	11.31%	6.15%	0.56%	2.69%	22.40%	1.27%	5.13%	6.15%	4.14%	1.34%	17.62%

Frequently Asked Questions

Can I hold both FMIMX and JNVSX in my portfolio?

FMIMX and JNVSX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMIMX or JNVSX?

JNVSX has higher volatility (5.41%) compared to FMIMX (5.12%). In terms of maximum drawdown, FMIMX dropped -59.09% vs JNVSX's -34.52%.

Which has better risk-adjusted returns?

FMIMX currently has the higher Sharpe Ratio (0.86 vs 0.02), 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.