JFEAX vs. AVDE

Last updated Jun 24, 2026

JFEAX (JPMorgan Developed International Value Fund Class A) and AVDE (Avantis International Equity ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 5 years, JFEAX returned 15.22%/yr vs 10.08%/yr for AVDE. Their correlation of 0.94 suggests significant overlap in exposure. JFEAX charges 1.00%/yr vs 0.23%/yr for AVDE.

Performance

JFEAX vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Developed International Value Fund Class A (JFEAX) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JFEAX achieves a 10.65% return, which is significantly higher than AVDE's 9.44% return.

JFEAX

• 1D: 0.23%
• 1M: 0.78%
• YTD: 10.65%
• 6M: 10.26%
• 1Y: 34.07%
• 3Y*: 25.87%
• 5Y*: 15.22%
• 10Y*: 11.21%

AVDE

• 1D: -2.02%
• 1M: -0.88%
• YTD: 9.44%
• 6M: 8.96%
• 1Y: 26.87%
• 3Y*: 19.94%
• 5Y*: 10.08%
• 10Y*: —

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

JFEAX vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JFEAX JPMorgan Developed International Value Fund Class A	10.65%	48.02%	9.57%	18.69%	-5.60%	16.26%	-4.33%	8.92%
AVDE Avantis International Equity ETF	9.44%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	7.95%

Correlation

The correlation between JFEAX and AVDE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.94

The correlation between JFEAX and AVDE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

JFEAX vs. AVDE — Risk / Return Rank

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

JFEAX

JFEAX Risk / Return Rank: 74
JFEAX Sharpe Ratio Rank: 82
JFEAX Sortino Ratio Rank: 77
JFEAX Omega Ratio Rank: 75
JFEAX Calmar Ratio Rank: 73
JFEAX Martin Ratio Rank: 62

AVDE

AVDE Risk / Return Rank: 53
AVDE Sharpe Ratio Rank: 54
AVDE Sortino Ratio Rank: 53
AVDE Omega Ratio Rank: 53
AVDE Calmar Ratio Rank: 49
AVDE Martin Ratio Rank: 55

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.

JFEAX vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Developed International Value Fund Class A (JFEAX) and Avantis International Equity ETF (AVDE). 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.

	JFEAX	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.78	+0.69
Sortino ratio: Return per unit of downside risk	3.38	2.48	+0.89
Omega ratio: Gain probability vs. loss probability	1.44	1.32	+0.12
Calmar ratio: Return relative to maximum drawdown	3.15	2.35	+0.80
Martin ratio: Return relative to average drawdown	11.54	9.18	+2.36

JFEAX vs. AVDE - Sharpe Ratio Comparison

The current JFEAX Sharpe Ratio is 2.48, which is higher than the AVDE Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of JFEAX and AVDE, 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

JFEAX vs. AVDE - Drawdown Comparison

The maximum JFEAX drawdown since its inception was -62.44%, which is greater than AVDE's maximum drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for JFEAX and AVDE.

Drawdown Indicators

	JFEAX	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-62.44%	-36.99%	-25.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-11.48%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	-13.64%	-13.46%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-27.71%	-28.73%	+1.02%
Max Drawdown (10Y) Largest decline over 10 years	-48.74%	—	—
Current Drawdown Current decline from peak	-1.79%	-2.37%	+0.58%
Average Drawdown Average peak-to-trough decline	-14.86%	-6.13%	-8.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.93%	+0.07%

Volatility

JFEAX vs. AVDE - Volatility Comparison

The current volatility for JPMorgan Developed International Value Fund Class A (JFEAX) is 3.67%, while Avantis International Equity ETF (AVDE) has a volatility of 5.36%. This indicates that JFEAX experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JFEAX	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	5.36%	-1.69%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	12.95%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	15.13%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	16.39%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	18.92%	-1.00%

JFEAX vs. AVDE - Expense Ratio Comparison

JFEAX has a 1.00% expense ratio, which is higher than AVDE's 0.23% expense ratio.

Dividends

JFEAX vs. AVDE - Dividend Comparison

JFEAX's dividend yield for the trailing twelve months is around 2.49%, less than AVDE's 3.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	3.89%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
JFEAX JPMorgan Developed International Value Fund Class A	2.49%	2.76%	4.26%	4.94%	3.68%	4.79%	2.75%	3.96%	4.12%	2.14%	5.75%	1.11%

Frequently Asked Questions

Can I hold both JFEAX and AVDE in my portfolio?

With a correlation of 0.93, JFEAX and AVDE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JFEAX or AVDE?

AVDE has higher volatility (5.36%) compared to JFEAX (3.67%). In terms of maximum drawdown, JFEAX dropped -62.44% vs AVDE's -36.99%.

Which has better risk-adjusted returns?

JFEAX currently has the higher Sharpe Ratio (2.48 vs 1.78), 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.