JMCRX vs. CUSIX

Last updated Jun 24, 2026

JMCRX (James Micro Cap Fund) and CUSIX (Cullen Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, JMCRX returned 9.86%/yr vs 8.01%/yr for CUSIX. Their correlation of 0.84 suggests significant overlap in exposure. JMCRX charges 1.51%/yr vs 1.00%/yr for CUSIX.

Performance

JMCRX vs. CUSIX - Performance Comparison

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

Returns By Period

In the year-to-date period, JMCRX achieves a 18.84% return, which is significantly higher than CUSIX's 5.38% return. Over the past 10 years, JMCRX has outperformed CUSIX with an annualized return of 9.86%, while CUSIX has yielded a comparatively lower 8.01% annualized return.

JMCRX

• 1D: 0.27%
• 1M: 4.35%
• YTD: 18.84%
• 6M: 16.48%
• 1Y: 32.34%
• 3Y*: 17.20%
• 5Y*: 9.52%
• 10Y*: 9.86%

CUSIX

• 1D: -1.22%
• 1M: 3.70%
• YTD: 5.38%
• 6M: 3.95%
• 1Y: 13.67%
• 3Y*: 7.35%
• 5Y*: 2.75%
• 10Y*: 8.01%

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

JMCRX vs. CUSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMCRX James Micro Cap Fund	18.84%	4.37%	5.95%	31.72%	-17.33%	36.27%	-4.21%	30.55%	-16.62%	2.88%
CUSIX Cullen Small Cap Value Fund	5.38%	-1.21%	4.80%	5.77%	-0.75%	22.04%	12.07%	22.83%	-9.78%	0.89%

Correlation

The correlation between JMCRX and CUSIX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 7, 2010	0.84

The correlation between JMCRX and CUSIX has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.

Return for Risk

JMCRX vs. CUSIX — Risk / Return Rank

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

JMCRX

JMCRX Risk / Return Rank: 53
JMCRX Sharpe Ratio Rank: 47
JMCRX Sortino Ratio Rank: 50
JMCRX Omega Ratio Rank: 40
JMCRX Calmar Ratio Rank: 81
JMCRX Martin Ratio Rank: 50

CUSIX

CUSIX Risk / Return Rank: 8
CUSIX Sharpe Ratio Rank: 8
CUSIX Sortino Ratio Rank: 9
CUSIX Omega Ratio Rank: 8
CUSIX Calmar Ratio Rank: 9
CUSIX Martin Ratio Rank: 7

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. CUSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for James Micro Cap Fund (JMCRX) and Cullen Small Cap Value Fund (CUSIX). 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	CUSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	0.63	+1.22
Sortino ratio: Return per unit of downside risk	2.74	1.08	+1.67
Omega ratio: Gain probability vs. loss probability	1.31	1.12	+0.19
Calmar ratio: Return relative to maximum drawdown	3.48	0.81	+2.68
Martin ratio: Return relative to average drawdown	9.70	1.69	+8.01

JMCRX vs. CUSIX - Sharpe Ratio Comparison

The current JMCRX Sharpe Ratio is 1.85, which is higher than the CUSIX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of JMCRX and CUSIX, 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. CUSIX - Drawdown Comparison

The maximum JMCRX drawdown since its inception was -46.65%, roughly equal to the maximum CUSIX drawdown of -45.46%. Use the drawdown chart below to compare losses from any high point for JMCRX and CUSIX.

Drawdown Indicators

	JMCRX	CUSIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.65%	-45.46%	-1.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.92%	-18.49%	+8.57%
Max Drawdown (3Y) Largest decline over 3 years	-26.90%	-31.76%	+4.86%
Max Drawdown (5Y) Largest decline over 5 years	-26.90%	-31.76%	+4.86%
Max Drawdown (10Y) Largest decline over 10 years	-46.65%	-45.46%	-1.19%
Current Drawdown Current decline from peak	0.00%	-9.08%	+9.08%
Average Drawdown Average peak-to-trough decline	-7.40%	-8.53%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	8.78%	-5.22%

Volatility

JMCRX vs. CUSIX - Volatility Comparison

James Micro Cap Fund (JMCRX) and Cullen Small Cap Value Fund (CUSIX) have volatilities of 5.06% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMCRX	CUSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	5.29%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	13.01%	15.92%	-2.91%
Volatility (1Y) Calculated over the trailing 1-year period	18.72%	23.52%	-4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.86%	23.59%	-2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.70%	25.07%	-3.37%

JMCRX vs. CUSIX - Expense Ratio Comparison

JMCRX has a 1.51% expense ratio, which is higher than CUSIX's 1.00% expense ratio.

Dividends

JMCRX vs. CUSIX - Dividend Comparison

JMCRX's dividend yield for the trailing twelve months is around 0.86%, less than CUSIX's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CUSIX Cullen Small Cap Value Fund	1.02%	1.06%	5.46%	1.71%	7.61%	11.67%	0.21%	3.01%	5.98%	19.35%	0.67%	2.63%
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 CUSIX in my portfolio?

JMCRX and CUSIX have a correlation of 0.79, 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 CUSIX?

CUSIX has higher volatility (5.29%) compared to JMCRX (5.06%). In terms of maximum drawdown, JMCRX dropped -46.65% vs CUSIX's -45.46%.

Which has better risk-adjusted returns?

JMCRX currently has the higher Sharpe Ratio (1.85 vs 0.63), 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.