JASCX vs. VSMVX

Last updated Aug 1, 2026

JASCX (James Small Cap Fund) and VSMVX (Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares) are both Small Cap Value Equities funds. Over the past 10 years, JASCX returned 9.79%/yr vs 10.18%/yr for VSMVX. Their correlation of 0.93 means they have usually moved in the same direction. JASCX charges 1.56%/yr vs 0.08%/yr for VSMVX.

Performance

JASCX vs. VSMVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in James Small Cap Fund (JASCX) and Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX). 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 JASCX having a 20.05% return and VSMVX slightly higher at 20.21%. Both investments have delivered pretty close results over the past 10 years, with JASCX having a 9.79% annualized return and VSMVX not far ahead at 10.18%.

JASCX

• 1D: 1.61%
• 1M: 0.86%
• 6M: 13.09%
• YTD: 20.05%
• 1Y: 30.79%
• 3Y*: 20.08%
• 5Y*: 14.15%
• 10Y*: 9.79%
• ALL TIME*: 8.62%

VSMVX

• 1D: 0.00%
• 1M: 0.29%
• 6M: 12.92%
• YTD: 20.21%
• 1Y: 39.48%
• 3Y*: 12.36%
• 5Y*: 8.02%
• 10Y*: 10.18%
• ALL TIME*: 11.29%

*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)
JASCX James Small Cap Fund	$0.00	$0.00	$0.00
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares	$0.00	$0.00	$0.00

JASCX vs. VSMVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JASCX James Small Cap Fund	20.05%	12.66%	18.11%	25.15%	-11.68%	38.79%	-1.12%	17.82%	-24.57%	6.34%
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares	20.21%	6.38%	7.53%	14.85%	-11.12%	30.85%	2.79%	24.47%	-12.67%	11.64%

Correlation

The correlation between JASCX and VSMVX is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.91
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Dec 17, 2012	0.93

The correlation between JASCX and VSMVX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

JASCX vs. VSMVX — Risk / Return Rank

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

JASCX

JASCX Risk / Return Rank: 76
JASCX Sharpe Ratio Rank: 73
JASCX Sortino Ratio Rank: 77
JASCX Omega Ratio Rank: 68
JASCX Calmar Ratio Rank: 86
JASCX Martin Ratio Rank: 75

VSMVX

VSMVX Risk / Return Rank: 86
VSMVX Sharpe Ratio Rank: 84
VSMVX Sortino Ratio Rank: 83
VSMVX Omega Ratio Rank: 79
VSMVX Calmar Ratio Rank: 94
VSMVX Martin Ratio Rank: 92

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.

JASCX vs. VSMVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for James Small Cap Fund (JASCX) and Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX). 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	VSMVX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.01	-0.27
Sortino ratio: Return per unit of downside risk	2.66	2.94	-0.28
Omega ratio: Gain probability vs. loss probability	1.30	1.35	-0.05
Calmar ratio: Return relative to maximum drawdown	3.06	3.84	-0.78
Martin ratio: Return relative to average drawdown	9.33	13.25	-3.92

JASCX vs. VSMVX - Sharpe Ratio Comparison

The current JASCX Sharpe Ratio is 1.74, which is comparable to the VSMVX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of JASCX and VSMVX, 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. VSMVX - Drawdown Comparison

The maximum JASCX drawdown since its inception was -59.21%, which is greater than VSMVX's maximum drawdown of -47.61%. Use the drawdown chart below to compare losses from any high point for JASCX and VSMVX.

Drawdown Indicators

	JASCX	VSMVX	Difference
Max Drawdown Largest peak-to-trough decline	-59.21%	-47.61%	-11.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-9.33%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-19.78%	-28.81%	+9.03%
Max Drawdown (5Y) Largest decline over 5 years	-22.24%	-28.81%	+6.57%
Max Drawdown (10Y) Largest decline over 10 years	-52.56%	-47.61%	-4.95%
Current Drawdown Current decline from peak	-0.87%	-1.61%	+0.74%
Average Drawdown Average peak-to-trough decline	-10.68%	-7.56%	-3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.70%	+0.28%

Volatility

JASCX vs. VSMVX - Volatility Comparison

James Small Cap Fund (JASCX) has a higher volatility of 4.18% compared to Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) at 3.51%. This indicates that JASCX's price experiences larger fluctuations and is considered to be riskier than VSMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JASCX	VSMVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	3.51%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	11.87%	11.21%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.96%	17.83%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	21.76%	-2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.14%	24.07%	-2.93%

JASCX vs. VSMVX - Expense Ratio Comparison

JASCX has a 1.56% expense ratio, which is higher than VSMVX's 0.08% expense ratio.

Dividends

JASCX vs. VSMVX - Dividend Comparison

JASCX's dividend yield for the trailing twelve months is around 2.82%, more than VSMVX's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JASCX James Small Cap Fund	2.82%	3.39%	6.62%	0.58%	6.51%	0.28%	0.52%	0.00%	10.24%	24.98%	0.48%	4.40%
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares	1.74%	1.45%	1.85%	1.92%	1.88%	1.66%	1.46%	1.65%	1.89%	1.55%	1.26%	1.42%

Frequently Asked Questions

Can I hold both JASCX and VSMVX in my portfolio?

JASCX and VSMVX have a correlation of 0.89, 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 VSMVX?

JASCX has higher volatility (4.18%) compared to VSMVX (3.51%). In terms of maximum drawdown, JASCX dropped -59.21% vs VSMVX's -47.61%.

Which has better risk-adjusted returns?

VSMVX currently has the higher Sharpe Ratio (2.01 vs 1.74), 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.