JMCRX vs. AXVIX

Last updated Jun 23, 2026

JMCRX (James Micro Cap Fund) and AXVIX (Acclivity Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 5 years, JMCRX returned 9.88%/yr vs 10.31%/yr for AXVIX. Their correlation of 0.92 suggests significant overlap in exposure. JMCRX charges 1.51%/yr vs 3.64%/yr for AXVIX.

Performance

JMCRX vs. AXVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in James Micro Cap Fund (JMCRX) and Acclivity Small Cap Value Fund (AXVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMCRX achieves a 18.52% return, which is significantly higher than AXVIX's 14.79% return.

JMCRX

• 1D: 1.54%
• 1M: 4.08%
• YTD: 18.52%
• 6M: 15.35%
• 1Y: 34.06%
• 3Y*: 16.01%
• 5Y*: 9.88%
• 10Y*: 9.64%

AXVIX

• 1D: 1.09%
• 1M: 2.74%
• YTD: 14.79%
• 6M: 12.61%
• 1Y: 31.07%
• 3Y*: 14.24%
• 5Y*: 10.31%
• 10Y*: —

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

JMCRX vs. AXVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JMCRX James Micro Cap Fund	18.52%	4.37%	5.95%	31.72%	-17.33%	36.27%	-4.21%	24.03%
AXVIX Acclivity Small Cap Value Fund	14.79%	5.14%	5.67%	22.62%	-4.41%	38.61%	7.52%	10.90%

Correlation

The correlation between JMCRX and AXVIX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 8, 2019	0.92

The correlation between JMCRX and AXVIX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

JMCRX vs. AXVIX — Risk / Return Rank

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

JMCRX

JMCRX Risk / Return Rank: 52
JMCRX Sharpe Ratio Rank: 45
JMCRX Sortino Ratio Rank: 48
JMCRX Omega Ratio Rank: 39
JMCRX Calmar Ratio Rank: 80
JMCRX Martin Ratio Rank: 49

AXVIX

AXVIX Risk / Return Rank: 57
AXVIX Sharpe Ratio Rank: 48
AXVIX Sortino Ratio Rank: 52
AXVIX Omega Ratio Rank: 45
AXVIX Calmar Ratio Rank: 84
AXVIX Martin Ratio Rank: 57

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.

JMCRX vs. AXVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for James Micro Cap Fund (JMCRX) and Acclivity Small Cap Value Fund (AXVIX). 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.

	JMCRX	AXVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.89	-0.07
Sortino ratio: Return per unit of downside risk	2.70	2.78	-0.08
Omega ratio: Gain probability vs. loss probability	1.31	1.34	-0.03
Calmar ratio: Return relative to maximum drawdown	3.42	3.70	-0.28
Martin ratio: Return relative to average drawdown	9.52	10.88	-1.36

JMCRX vs. AXVIX - Sharpe Ratio Comparison

The current JMCRX Sharpe Ratio is 1.82, which is comparable to the AXVIX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of JMCRX and AXVIX, 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

JMCRX vs. AXVIX - Drawdown Comparison

The maximum JMCRX drawdown since its inception was -46.65%, roughly equal to the maximum AXVIX drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for JMCRX and AXVIX.

Drawdown Indicators

	JMCRX	AXVIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.65%	-48.08%	+1.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-8.48%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-26.90%	-30.24%	+3.34%
Max Drawdown (5Y) Largest decline over 5 years	-26.90%	-30.24%	+3.34%
Max Drawdown (10Y) Largest decline over 10 years	-46.65%	—	—
Current Drawdown Current decline from peak	0.00%	-1.34%	+1.34%
Average Drawdown Average peak-to-trough decline	-7.40%	-7.98%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	2.88%	+0.68%

Volatility

JMCRX vs. AXVIX - Volatility Comparison

James Micro Cap Fund (JMCRX) has a higher volatility of 5.46% compared to Acclivity Small Cap Value Fund (AXVIX) at 4.11%. This indicates that JMCRX's price experiences larger fluctuations and is considered to be riskier than AXVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMCRX	AXVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	4.11%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	13.02%	10.68%	+2.34%
Volatility (1Y) Calculated over the trailing 1-year period	18.69%	16.62%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.87%	21.67%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.69%	26.76%	-5.07%

JMCRX vs. AXVIX - Expense Ratio Comparison

JMCRX has a 1.51% expense ratio, which is lower than AXVIX's 3.64% expense ratio.

Dividends

JMCRX vs. AXVIX - Dividend Comparison

JMCRX's dividend yield for the trailing twelve months is around 0.86%, less than AXVIX's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXVIX Acclivity Small Cap Value Fund	3.74%	4.30%	7.18%	1.00%	4.41%	2.43%	2.02%	0.70%	0.00%	0.00%	0.00%	0.00%
JMCRX James Micro Cap Fund	0.86%	1.02%	1.43%	0.63%	9.14%	3.84%	0.53%	6.35%	6.71%	7.80%	0.00%	0.09%

Frequently Asked Questions

Can I hold both JMCRX and AXVIX in my portfolio?

JMCRX and AXVIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMCRX or AXVIX?

JMCRX has higher volatility (5.46%) compared to AXVIX (4.11%). In terms of maximum drawdown, JMCRX dropped -46.65% vs AXVIX's -48.08%.

Which has better risk-adjusted returns?

AXVIX currently has the higher Sharpe Ratio (1.89 vs 1.82), 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.