JIVE vs. AVALX

Last updated Jun 13, 2026

JIVE (Jpmorgan International Value ETF) and AVALX (Aegis Value Fund) are both funds - JIVE is a Foreign Large Cap Equities fund actively managed by JPMorgan, while AVALX is a Small Cap Value Equities fund managed by Aegis. Over the past year, JIVE returned 40.92% vs 50.49% for AVALX. A 0.59 correlation means they provide meaningful diversification when combined. JIVE charges 0.55%/yr vs 1.50%/yr for AVALX.

Performance

JIVE vs. AVALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan International Value ETF (JIVE) and Aegis Value Fund (AVALX). 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 JIVE having a 16.59% return and AVALX slightly higher at 17.29%.

JIVE

• 1D: 0.63%
• 1M: 1.67%
• YTD: 16.59%
• 6M: 19.20%
• 1Y: 40.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVALX

• 1D: 1.78%
• 1M: -4.39%
• YTD: 17.29%
• 6M: 17.59%
• 1Y: 50.49%
• 3Y*: 32.38%
• 5Y*: 20.79%
• 10Y*: 20.09%

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

JIVE vs. AVALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JIVE Jpmorgan International Value ETF	16.59%	49.80%	11.22%	5.36%
AVALX Aegis Value Fund	17.29%	67.06%	8.29%	7.05%

Correlation

The correlation between JIVE and AVALX is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.59

The correlation between JIVE and AVALX has been stable across timeframes, ranging from 0.50 to 0.59 - a consistent structural relationship.

Return for Risk

JIVE vs. AVALX — Risk / Return Rank

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

JIVE

JIVE Risk / Return Rank: 87
JIVE Sharpe Ratio Rank: 91
JIVE Sortino Ratio Rank: 89
JIVE Omega Ratio Rank: 88
JIVE Calmar Ratio Rank: 83
JIVE Martin Ratio Rank: 84

AVALX

AVALX Risk / Return Rank: 92
AVALX Sharpe Ratio Rank: 96
AVALX Sortino Ratio Rank: 87
AVALX Omega Ratio Rank: 86
AVALX Calmar Ratio Rank: 97
AVALX Martin Ratio Rank: 96

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.

JIVE vs. AVALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan International Value ETF (JIVE) and Aegis Value Fund (AVALX). 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.

	JIVE	AVALX	Difference
Sharpe ratio: Return per unit of total volatility	2.73	3.00	-0.27
Sortino ratio: Return per unit of downside risk	3.59	3.66	-0.07
Omega ratio: Gain probability vs. loss probability	1.48	1.51	-0.03
Calmar ratio: Return relative to maximum drawdown	3.89	6.25	-2.36
Martin ratio: Return relative to average drawdown	14.92	21.12	-6.20

JIVE vs. AVALX - Sharpe Ratio Comparison

The current JIVE Sharpe Ratio is 2.73, which is comparable to the AVALX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of JIVE and AVALX, 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

JIVE vs. AVALX - Drawdown Comparison

The maximum JIVE drawdown since its inception was -13.79%, smaller than the maximum AVALX drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for JIVE and AVALX.

Drawdown Indicators

	JIVE	AVALX	Difference
Max Drawdown Largest peak-to-trough decline	-13.79%	-73.72%	+59.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.57%	-8.32%	-2.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.34%	—
Current Drawdown Current decline from peak	-0.30%	-4.41%	+4.11%
Average Drawdown Average peak-to-trough decline	-1.96%	-10.94%	+8.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.46%	+0.30%

Volatility

JIVE vs. AVALX - Volatility Comparison

Jpmorgan International Value ETF (JIVE) has a higher volatility of 5.61% compared to Aegis Value Fund (AVALX) at 5.33%. This indicates that JIVE's price experiences larger fluctuations and is considered to be riskier than AVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIVE	AVALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	5.33%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	12.71%	13.33%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	15.07%	17.35%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.11%	22.31%	-7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.11%	22.18%	-7.07%

JIVE vs. AVALX - Expense Ratio Comparison

JIVE has a 0.55% expense ratio, which is lower than AVALX's 1.50% expense ratio.

Dividends

JIVE vs. AVALX - Dividend Comparison

JIVE's dividend yield for the trailing twelve months is around 2.47%, more than AVALX's 1.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVALX Aegis Value Fund	1.99%	2.34%	7.07%	2.23%	0.16%	0.00%	6.62%	2.36%	6.18%	0.00%	1.45%	0.04%
JIVE Jpmorgan International Value ETF	2.47%	2.88%	2.48%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JIVE and AVALX in my portfolio?

JIVE and AVALX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JIVE or AVALX?

JIVE has higher volatility (5.61%) compared to AVALX (5.33%). In terms of maximum drawdown, JIVE dropped -13.79% vs AVALX's -73.72%.

Which has better risk-adjusted returns?

AVALX currently has the higher Sharpe Ratio (3.00 vs 2.73), 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.