JMVYX vs. PVMIX

Last updated Jun 25, 2026

JMVYX (JPMorgan Mid Cap Value Fund Class R6) and PVMIX (Principal MidCap Value Fund I) are both Mid Cap Value Equities funds. Over the past 5 years, JMVYX returned 10.01%/yr vs 12.27%/yr for PVMIX. With a 0.96 correlation, they move nearly in lockstep. JMVYX charges 0.60%/yr vs 0.69%/yr for PVMIX.

Performance

JMVYX vs. PVMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mid Cap Value Fund Class R6 (JMVYX) and Principal MidCap Value Fund I (PVMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMVYX achieves a 9.10% return, which is significantly lower than PVMIX's 12.17% return.

JMVYX

• 1D: -0.37%
• 1M: 1.96%
• YTD: 9.10%
• 6M: 7.81%
• 1Y: 14.48%
• 3Y*: 17.95%
• 5Y*: 10.01%
• 10Y*: —

PVMIX

• 1D: -0.52%
• 1M: 1.00%
• YTD: 12.17%
• 6M: 10.65%
• 1Y: 17.71%
• 3Y*: 20.48%
• 5Y*: 12.27%
• 10Y*: 12.90%

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

JMVYX vs. PVMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMVYX JPMorgan Mid Cap Value Fund Class R6	9.10%	5.28%	27.89%	11.46%	-8.00%	29.92%	0.38%	26.72%	-11.66%	13.09%
PVMIX Principal MidCap Value Fund I	12.17%	6.09%	33.38%	11.04%	-5.95%	30.97%	6.50%	26.69%	-11.07%	14.63%

Correlation

The correlation between JMVYX and PVMIX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.96

The correlation between JMVYX and PVMIX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

JMVYX vs. PVMIX — Risk / Return Rank

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

JMVYX

JMVYX Risk / Return Rank: 31
JMVYX Sharpe Ratio Rank: 26
JMVYX Sortino Ratio Rank: 29
JMVYX Omega Ratio Rank: 24
JMVYX Calmar Ratio Rank: 39
JMVYX Martin Ratio Rank: 37

PVMIX

PVMIX Risk / Return Rank: 43
PVMIX Sharpe Ratio Rank: 38
PVMIX Sortino Ratio Rank: 40
PVMIX Omega Ratio Rank: 35
PVMIX Calmar Ratio Rank: 53
PVMIX Martin Ratio Rank: 48

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.

JMVYX vs. PVMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Value Fund Class R6 (JMVYX) and Principal MidCap Value Fund I (PVMIX). 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.

	JMVYX	PVMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.54	-0.28
Sortino ratio: Return per unit of downside risk	1.93	2.30	-0.37
Omega ratio: Gain probability vs. loss probability	1.22	1.27	-0.05
Calmar ratio: Return relative to maximum drawdown	2.14	2.51	-0.37
Martin ratio: Return relative to average drawdown	7.23	8.85	-1.61

JMVYX vs. PVMIX - Sharpe Ratio Comparison

The current JMVYX Sharpe Ratio is 1.26, which is comparable to the PVMIX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of JMVYX and PVMIX, 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

JMVYX vs. PVMIX - Drawdown Comparison

The maximum JMVYX drawdown since its inception was -43.08%, smaller than the maximum PVMIX drawdown of -56.76%. Use the drawdown chart below to compare losses from any high point for JMVYX and PVMIX.

Drawdown Indicators

	JMVYX	PVMIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.08%	-56.76%	+13.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.17%	-7.37%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.89%	-16.78%	+0.89%
Max Drawdown (5Y) Largest decline over 5 years	-25.53%	-17.05%	-8.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.34%	—
Current Drawdown Current decline from peak	-0.88%	-1.88%	+1.00%
Average Drawdown Average peak-to-trough decline	-6.97%	-6.82%	-0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.08%	+0.03%

Volatility

JMVYX vs. PVMIX - Volatility Comparison

JPMorgan Mid Cap Value Fund Class R6 (JMVYX) and Principal MidCap Value Fund I (PVMIX) have volatilities of 3.51% and 3.61%, 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

	JMVYX	PVMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	3.61%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	8.80%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.19%	12.00%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.33%	18.22%	+1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.80%	19.19%	+1.61%

JMVYX vs. PVMIX - Expense Ratio Comparison

JMVYX has a 0.60% expense ratio, which is lower than PVMIX's 0.69% expense ratio.

Dividends

JMVYX vs. PVMIX - Dividend Comparison

JMVYX's dividend yield for the trailing twelve months is around 19.53%, more than PVMIX's 6.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMVYX JPMorgan Mid Cap Value Fund Class R6	19.53%	21.31%	23.38%	6.20%	11.85%	15.03%	7.75%	5.23%	8.31%	2.71%	0.00%	0.00%
PVMIX Principal MidCap Value Fund I	6.44%	7.22%	33.98%	4.63%	7.12%	11.44%	1.38%	5.11%	13.23%	6.92%	1.58%	11.19%

Frequently Asked Questions

Can I hold both JMVYX and PVMIX in my portfolio?

With a correlation of 0.92, JMVYX and PVMIX 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, JMVYX or PVMIX?

PVMIX has higher volatility (3.61%) compared to JMVYX (3.51%). In terms of maximum drawdown, JMVYX dropped -43.08% vs PVMIX's -56.76%.

Which has better risk-adjusted returns?

PVMIX currently has the higher Sharpe Ratio (1.54 vs 1.26), 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.