JEMDX vs. DFEVX

Last updated Jun 23, 2026

JEMDX (JPMorgan Emerging Markets Debt Fund) and DFEVX (DFA Emerging Markets Value Portfolio) are both mutual funds - JEMDX is a Emerging Markets Bonds fund managed by JPMorgan, while DFEVX is a Emerging Markets Diversified fund managed by Dimensional. Over the past 10 years, JEMDX returned 3.30%/yr vs 11.47%/yr for DFEVX. At a 0.44 correlation, their price movements are largely independent. JEMDX charges 0.83%/yr vs 0.45%/yr for DFEVX.

Performance

JEMDX vs. DFEVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Emerging Markets Debt Fund (JEMDX) and DFA Emerging Markets Value Portfolio (DFEVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JEMDX achieves a 3.22% return, which is significantly lower than DFEVX's 24.94% return. Over the past 10 years, JEMDX has underperformed DFEVX with an annualized return of 3.30%, while DFEVX has yielded a comparatively higher 11.47% annualized return.

JEMDX

• 1D: 0.00%
• 1M: 2.32%
• YTD: 3.22%
• 6M: 3.54%
• 1Y: 14.49%
• 3Y*: 10.61%
• 5Y*: 1.97%
• 10Y*: 3.30%

DFEVX

• 1D: 1.69%
• 1M: 5.45%
• YTD: 24.94%
• 6M: 26.30%
• 1Y: 46.22%
• 3Y*: 21.85%
• 5Y*: 12.04%
• 10Y*: 11.47%

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

JEMDX vs. DFEVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JEMDX JPMorgan Emerging Markets Debt Fund	3.22%	13.87%	7.37%	10.17%	-18.60%	-3.22%	5.37%	13.86%	-5.82%	10.25%
DFEVX DFA Emerging Markets Value Portfolio	24.94%	29.50%	6.17%	16.50%	-10.77%	12.42%	2.73%	9.64%	-11.92%	33.77%

Correlation

The correlation between JEMDX and DFEVX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 31, 1998	0.44

The correlation between JEMDX and DFEVX shifts across timeframes, from 0.34 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JEMDX vs. DFEVX — Risk / Return Rank

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

JEMDX

JEMDX Risk / Return Rank: 81
JEMDX Sharpe Ratio Rank: 94
JEMDX Sortino Ratio Rank: 95
JEMDX Omega Ratio Rank: 92
JEMDX Calmar Ratio Rank: 58
JEMDX Martin Ratio Rank: 64

DFEVX

DFEVX Risk / Return Rank: 88
DFEVX Sharpe Ratio Rank: 93
DFEVX Sortino Ratio Rank: 86
DFEVX Omega Ratio Rank: 87
DFEVX Calmar Ratio Rank: 87
DFEVX Martin Ratio Rank: 85

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.

JEMDX vs. DFEVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Debt Fund (JEMDX) and DFA Emerging Markets Value Portfolio (DFEVX). 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.

	JEMDX	DFEVX	Difference
Sharpe ratio: Return per unit of total volatility	3.01	2.93	+0.08
Sortino ratio: Return per unit of downside risk	4.62	3.79	+0.82
Omega ratio: Gain probability vs. loss probability	1.65	1.56	+0.09
Calmar ratio: Return relative to maximum drawdown	2.79	4.00	-1.21
Martin ratio: Return relative to average drawdown	11.73	14.67	-2.94

JEMDX vs. DFEVX - Sharpe Ratio Comparison

The current JEMDX Sharpe Ratio is 3.01, which is comparable to the DFEVX Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of JEMDX and DFEVX, 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

JEMDX vs. DFEVX - Drawdown Comparison

The maximum JEMDX drawdown since its inception was -38.84%, smaller than the maximum DFEVX drawdown of -67.59%. Use the drawdown chart below to compare losses from any high point for JEMDX and DFEVX.

Drawdown Indicators

	JEMDX	DFEVX	Difference
Max Drawdown Largest peak-to-trough decline	-38.84%	-67.59%	+28.75%
Max Drawdown (1Y) Largest decline over 1 year	-5.14%	-11.35%	+6.21%
Max Drawdown (3Y) Largest decline over 3 years	-7.10%	-16.17%	+9.07%
Max Drawdown (5Y) Largest decline over 5 years	-30.83%	-23.49%	-7.34%
Max Drawdown (10Y) Largest decline over 10 years	-30.83%	-47.53%	+16.70%
Current Drawdown Current decline from peak	-0.15%	-0.62%	+0.47%
Average Drawdown Average peak-to-trough decline	-6.08%	-16.47%	+10.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	3.09%	-1.87%

Volatility

JEMDX vs. DFEVX - Volatility Comparison

The current volatility for JPMorgan Emerging Markets Debt Fund (JEMDX) is 1.28%, while DFA Emerging Markets Value Portfolio (DFEVX) has a volatility of 7.76%. This indicates that JEMDX experiences smaller price fluctuations and is considered to be less risky than DFEVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JEMDX	DFEVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	7.76%	-6.48%
Volatility (6M) Calculated over the trailing 6-month period	4.05%	13.61%	-9.56%
Volatility (1Y) Calculated over the trailing 1-year period	4.78%	15.49%	-10.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.92%	14.23%	-7.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.14%	15.66%	-8.52%

JEMDX vs. DFEVX - Expense Ratio Comparison

JEMDX has a 0.83% expense ratio, which is higher than DFEVX's 0.45% expense ratio.

Dividends

JEMDX vs. DFEVX - Dividend Comparison

JEMDX's dividend yield for the trailing twelve months is around 5.83%, more than DFEVX's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFEVX DFA Emerging Markets Value Portfolio	3.00%	3.80%	4.68%	4.39%	4.44%	3.82%	2.47%	2.47%	2.49%	2.45%	1.99%	2.55%
JEMDX JPMorgan Emerging Markets Debt Fund	5.83%	5.61%	6.13%	5.47%	6.15%	4.38%	3.71%	4.52%	4.64%	4.43%	5.06%	4.76%

Frequently Asked Questions

Can I hold both JEMDX and DFEVX in my portfolio?

JEMDX and DFEVX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JEMDX or DFEVX?

DFEVX has higher volatility (7.76%) compared to JEMDX (1.28%). In terms of maximum drawdown, JEMDX dropped -38.84% vs DFEVX's -67.59%.

Which has better risk-adjusted returns?

JEMDX currently has the higher Sharpe Ratio (3.01 vs 2.93), 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.