GVMCX vs. JNVSX
GVMCX (Government Street Mid Cap Fund) and JNVSX (Jensen Quality Value Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, GVMCX returned 13.91%/yr vs 11.00%/yr for JNVSX. Their correlation of 0.87 suggests significant overlap in exposure. GVMCX charges 1.03%/yr vs 1.05%/yr for JNVSX.
Performance
GVMCX vs. JNVSX - Performance Comparison
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Returns By Period
In the year-to-date period, GVMCX achieves a 13.16% return, which is significantly higher than JNVSX's -2.57% return. Over the past 10 years, GVMCX has outperformed JNVSX with an annualized return of 13.91%, while JNVSX has yielded a comparatively lower 11.00% annualized return.
GVMCX
- 1D
- -2.02%
- 1M
- 1.84%
- YTD
- 13.16%
- 6M
- 10.91%
- 1Y
- 22.79%
- 3Y*
- 18.41%
- 5Y*
- 11.49%
- 10Y*
- 13.91%
JNVSX
- 1D
- 0.06%
- 1M
- -1.86%
- YTD
- -2.57%
- 6M
- -3.63%
- 1Y
- -4.68%
- 3Y*
- 4.47%
- 5Y*
- 7.92%
- 10Y*
- 11.00%
GVMCX vs. JNVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GVMCX Government Street Mid Cap Fund | 13.16% | 14.52% | 19.68% | 15.19% | -14.16% | 30.14% | 17.99% | 31.00% | -8.88% | 20.22% |
JNVSX Jensen Quality Value Fund | -2.57% | -2.58% | 9.40% | 18.58% | -15.83% | 60.71% | 14.79% | 27.58% | -9.03% | 15.08% |
Correlation
The correlation between GVMCX and JNVSX is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2010 | 0.87 |
Over the past year, the correlation between GVMCX and JNVSX has dropped to 0.55 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
GVMCX vs. JNVSX — Risk / Return Rank
GVMCX
JNVSX
GVMCX vs. JNVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Government Street Mid Cap Fund (GVMCX) 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.
| GVMCX | JNVSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.96 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | -0.37 | +3.12 |
| Martin ratioReturn relative to average drawdown | 11.14 | -0.69 | +11.83 |
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Drawdowns
GVMCX vs. JNVSX - Drawdown Comparison
The maximum GVMCX drawdown since its inception was -47.77%, which is greater than JNVSX's maximum drawdown of -34.52%. Use the drawdown chart below to compare losses from any high point for GVMCX and JNVSX.
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Drawdown Indicators
| GVMCX | JNVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.77% | -34.52% | -13.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -10.42% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.29% | -17.43% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.92% | -24.56% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -34.67% | -34.52% | -0.15% |
Current DrawdownCurrent decline from peak | -2.02% | -10.88% | +8.86% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -5.19% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 5.54% | -3.39% |
Volatility
GVMCX vs. JNVSX - Volatility Comparison
Government Street Mid Cap Fund (GVMCX) has a higher volatility of 5.93% compared to Jensen Quality Value Fund (JNVSX) at 3.31%. This indicates that GVMCX's price experiences larger fluctuations and is considered to be riskier than JNVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GVMCX | JNVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 3.31% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 9.41% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.51% | 12.80% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 20.47% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 19.22% | -1.77% |
GVMCX vs. JNVSX - Expense Ratio Comparison
GVMCX has a 1.03% expense ratio, which is lower than JNVSX's 1.05% expense ratio.
Dividends
GVMCX vs. JNVSX - Dividend Comparison
GVMCX's dividend yield for the trailing twelve months is around 3.36%, less than JNVSX's 11.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GVMCX Government Street Mid Cap Fund | 3.36% | 3.80% | 5.42% | 1.91% | 4.43% | 3.36% | 3.35% | 4.68% | 2.00% | 4.84% | 4.54% | 5.77% |
JNVSX Jensen Quality Value Fund | 11.55% | 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
GVMCX and JNVSX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GVMCX has higher volatility (5.93%) compared to JNVSX (3.31%). In terms of maximum drawdown, GVMCX dropped -47.77% vs JNVSX's -34.52%.
GVMCX currently has the higher Sharpe Ratio (1.66 vs -0.30), 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.
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