JCMAX vs. TARKX

Last updated Jun 24, 2026

JCMAX (JPMorgan Mid Cap Equity Fund Class A) and TARKX (Tarkio Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, JCMAX returned 11.83%/yr vs 15.74%/yr for TARKX. Their correlation of 0.86 suggests significant overlap in exposure. JCMAX charges 1.14%/yr vs 1.00%/yr for TARKX.

Performance

JCMAX vs. TARKX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mid Cap Equity Fund Class A (JCMAX) and Tarkio Fund (TARKX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JCMAX achieves a 8.64% return, which is significantly lower than TARKX's 23.23% return. Over the past 10 years, JCMAX has underperformed TARKX with an annualized return of 11.83%, while TARKX has yielded a comparatively higher 15.74% annualized return.

JCMAX

• 1D: 0.46%
• 1M: 2.77%
• YTD: 8.64%
• 6M: 7.27%
• 1Y: 14.03%
• 3Y*: 14.68%
• 5Y*: 6.90%
• 10Y*: 11.83%

TARKX

• 1D: 0.16%
• 1M: 3.32%
• YTD: 23.23%
• 6M: 21.06%
• 1Y: 59.75%
• 3Y*: 28.59%
• 5Y*: 11.80%
• 10Y*: 15.74%

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

JCMAX vs. TARKX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCMAX JPMorgan Mid Cap Equity Fund Class A	8.64%	5.82%	18.44%	15.87%	-16.24%	19.67%	22.33%	32.37%	-8.43%	20.96%
TARKX Tarkio Fund	23.23%	30.18%	21.72%	26.33%	-30.39%	24.41%	27.00%	29.54%	-23.30%	29.04%

Correlation

The correlation between JCMAX and TARKX is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 30, 2011	0.86

The correlation between JCMAX and TARKX shifts across timeframes, from 0.71 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JCMAX vs. TARKX — Risk / Return Rank

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

JCMAX

JCMAX Risk / Return Rank: 24
JCMAX Sharpe Ratio Rank: 21
JCMAX Sortino Ratio Rank: 21
JCMAX Omega Ratio Rank: 19
JCMAX Calmar Ratio Rank: 28
JCMAX Martin Ratio Rank: 32

TARKX

TARKX Risk / Return Rank: 68
TARKX Sharpe Ratio Rank: 70
TARKX Sortino Ratio Rank: 57
TARKX Omega Ratio Rank: 53
TARKX Calmar Ratio Rank: 84
TARKX Martin Ratio Rank: 78

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.

JCMAX vs. TARKX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Equity Fund Class A (JCMAX) and Tarkio Fund (TARKX). 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.

	JCMAX	TARKX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.25	-1.05
Sortino ratio: Return per unit of downside risk	1.79	2.90	-1.10
Omega ratio: Gain probability vs. loss probability	1.21	1.37	-0.15
Calmar ratio: Return relative to maximum drawdown	1.84	3.73	-1.89
Martin ratio: Return relative to average drawdown	6.83	13.58	-6.76

JCMAX vs. TARKX - Sharpe Ratio Comparison

The current JCMAX Sharpe Ratio is 1.20, which is lower than the TARKX Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of JCMAX and TARKX, 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

JCMAX vs. TARKX - Drawdown Comparison

The maximum JCMAX drawdown since its inception was -38.33%, smaller than the maximum TARKX drawdown of -40.55%. Use the drawdown chart below to compare losses from any high point for JCMAX and TARKX.

Drawdown Indicators

	JCMAX	TARKX	Difference
Max Drawdown Largest peak-to-trough decline	-38.33%	-40.55%	+2.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.26%	-16.99%	+8.73%
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	-36.99%	+18.00%
Max Drawdown (5Y) Largest decline over 5 years	-25.26%	-40.38%	+15.12%
Max Drawdown (10Y) Largest decline over 10 years	-38.33%	-40.55%	+2.22%
Current Drawdown Current decline from peak	-0.12%	-1.21%	+1.09%
Average Drawdown Average peak-to-trough decline	-5.14%	-10.34%	+5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	4.65%	-2.43%

Volatility

JCMAX vs. TARKX - Volatility Comparison

The current volatility for JPMorgan Mid Cap Equity Fund Class A (JCMAX) is 3.82%, while Tarkio Fund (TARKX) has a volatility of 8.93%. This indicates that JCMAX experiences smaller price fluctuations and is considered to be less risky than TARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCMAX	TARKX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	8.93%	-5.11%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	21.64%	-12.09%
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	28.26%	-15.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	27.69%	-10.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.63%	26.77%	-7.14%

JCMAX vs. TARKX - Expense Ratio Comparison

JCMAX has a 1.14% expense ratio, which is higher than TARKX's 1.00% expense ratio.

Dividends

JCMAX vs. TARKX - Dividend Comparison

JCMAX's dividend yield for the trailing twelve months is around 5.67%, more than TARKX's 4.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCMAX JPMorgan Mid Cap Equity Fund Class A	5.67%	6.16%	8.60%	0.31%	2.63%	7.65%	11.63%	8.54%	12.89%	5.69%	3.23%	5.06%
TARKX Tarkio Fund	4.46%	5.50%	1.51%	2.98%	10.62%	1.40%	0.50%	5.21%	3.34%	1.70%	0.47%	0.36%

Frequently Asked Questions

Can I hold both JCMAX and TARKX in my portfolio?

JCMAX and TARKX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JCMAX or TARKX?

TARKX has higher volatility (8.93%) compared to JCMAX (3.82%). In terms of maximum drawdown, JCMAX dropped -38.33% vs TARKX's -40.55%.

Which has better risk-adjusted returns?

TARKX currently has the higher Sharpe Ratio (2.25 vs 1.20), 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.