JASCX vs. JAVAX

Last updated Jun 24, 2026

JASCX (James Small Cap Fund) and JAVAX (James Aggressive Allocation Fund) are both mutual funds - JASCX is a Small Cap Value Equities fund managed by James Advantage, while JAVAX is a Diversified Portfolio fund managed by James Advantage. Over the past 10 years, JASCX returned 10.54%/yr vs 8.36%/yr for JAVAX. Their correlation of 0.84 suggests significant overlap in exposure. JASCX charges 1.56%/yr vs 1.01%/yr for JAVAX.

Performance

JASCX vs. JAVAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in James Small Cap Fund (JASCX) and James Aggressive Allocation Fund (JAVAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JASCX achieves a 18.86% return, which is significantly higher than JAVAX's 12.52% return. Over the past 10 years, JASCX has outperformed JAVAX with an annualized return of 10.54%, while JAVAX has yielded a comparatively lower 8.36% annualized return.

JASCX

• 1D: 0.18%
• 1M: 5.19%
• YTD: 18.86%
• 6M: 15.82%
• 1Y: 32.22%
• 3Y*: 23.49%
• 5Y*: 14.19%
• 10Y*: 10.54%

JAVAX

• 1D: -0.11%
• 1M: 2.46%
• YTD: 12.52%
• 6M: 11.57%
• 1Y: 28.35%
• 3Y*: 19.28%
• 5Y*: 10.77%
• 10Y*: 8.36%

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

JASCX vs. JAVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JASCX James Small Cap Fund	18.86%	12.66%	18.11%	25.15%	-11.68%	38.79%	-1.12%	17.82%	-24.57%	6.34%
JAVAX James Aggressive Allocation Fund	12.52%	15.92%	19.13%	19.31%	-15.81%	16.87%	-1.43%	19.20%	-13.31%	11.45%

Correlation

The correlation between JASCX and JAVAX is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.84

The correlation between JASCX and JAVAX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

Return for Risk

JASCX vs. JAVAX — Risk / Return Rank

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

JASCX

JASCX Risk / Return Rank: 65
JASCX Sharpe Ratio Rank: 61
JASCX Sortino Ratio Rank: 67
JASCX Omega Ratio Rank: 53
JASCX Calmar Ratio Rank: 84
JASCX Martin Ratio Rank: 61

JAVAX

JAVAX Risk / Return Rank: 85
JAVAX Sharpe Ratio Rank: 85
JAVAX Sortino Ratio Rank: 82
JAVAX Omega Ratio Rank: 79
JAVAX Calmar Ratio Rank: 86
JAVAX Martin Ratio Rank: 91

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.

JASCX vs. JAVAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for James Small Cap Fund (JASCX) and James Aggressive Allocation Fund (JAVAX). 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.

	JASCX	JAVAX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.56	-0.44
Sortino ratio: Return per unit of downside risk	3.12	3.58	-0.45
Omega ratio: Gain probability vs. loss probability	1.37	1.47	-0.10
Calmar ratio: Return relative to maximum drawdown	3.72	3.93	-0.21
Martin ratio: Return relative to average drawdown	11.36	17.08	-5.72

JASCX vs. JAVAX - Sharpe Ratio Comparison

The current JASCX Sharpe Ratio is 2.12, which is comparable to the JAVAX Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of JASCX and JAVAX, 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

JASCX vs. JAVAX - Drawdown Comparison

The maximum JASCX drawdown since its inception was -59.21%, which is greater than JAVAX's maximum drawdown of -27.76%. Use the drawdown chart below to compare losses from any high point for JASCX and JAVAX.

Drawdown Indicators

	JASCX	JAVAX	Difference
Max Drawdown Largest peak-to-trough decline	-59.21%	-27.76%	-31.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-7.47%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-19.78%	-16.24%	-3.54%
Max Drawdown (5Y) Largest decline over 5 years	-22.24%	-22.29%	+0.05%
Max Drawdown (10Y) Largest decline over 10 years	-52.56%	-27.76%	-24.80%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-10.71%	-5.35%	-5.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	1.72%	+1.25%

Volatility

JASCX vs. JAVAX - Volatility Comparison

James Small Cap Fund (JASCX) has a higher volatility of 4.72% compared to James Aggressive Allocation Fund (JAVAX) at 4.07%. This indicates that JASCX's price experiences larger fluctuations and is considered to be riskier than JAVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JASCX	JAVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.07%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	11.92%	9.19%	+2.73%
Volatility (1Y) Calculated over the trailing 1-year period	15.99%	11.49%	+4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.89%	13.66%	+5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.16%	13.82%	+7.34%

JASCX vs. JAVAX - Expense Ratio Comparison

JASCX has a 1.56% expense ratio, which is higher than JAVAX's 1.01% expense ratio.

Dividends

JASCX vs. JAVAX - Dividend Comparison

JASCX's dividend yield for the trailing twelve months is around 2.85%, more than JAVAX's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JASCX James Small Cap Fund	2.85%	3.39%	6.62%	0.58%	6.51%	0.28%	0.52%	0.00%	10.24%	24.98%	0.48%	4.40%
JAVAX James Aggressive Allocation Fund	0.49%	0.55%	0.67%	0.63%	0.83%	0.20%	0.86%	5.12%	0.95%	0.71%	0.90%	0.00%

Frequently Asked Questions

Can I hold both JASCX and JAVAX in my portfolio?

JASCX and JAVAX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JASCX or JAVAX?

JASCX has higher volatility (4.72%) compared to JAVAX (4.07%). In terms of maximum drawdown, JASCX dropped -59.21% vs JAVAX's -27.76%.

Which has better risk-adjusted returns?

JAVAX currently has the higher Sharpe Ratio (2.56 vs 2.12), 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.