JNUSX vs. BISAX

Last updated Jun 3, 2026

JNUSX (JPMorgan International Value Fund) and BISAX (Brandes International Small Cap Equity Fund) are both mutual funds - JNUSX is a Foreign Large Cap Equities fund managed by JPMorgan, while BISAX is a Foreign Small & Mid Cap Equities fund managed by Brandes. Over the past 10 years, JNUSX returned 10.63%/yr vs 10.66%/yr for BISAX. Their correlation of 0.81 suggests significant overlap in exposure. JNUSX charges 0.63%/yr vs 1.36%/yr for BISAX.

Performance

JNUSX vs. BISAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan International Value Fund (JNUSX) and Brandes International Small Cap Equity Fund (BISAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNUSX achieves a 9.53% return, which is significantly higher than BISAX's 1.11% return. Both investments have delivered pretty close results over the past 10 years, with JNUSX having a 10.63% annualized return and BISAX not far ahead at 10.66%.

JNUSX

• 1D: -0.62%
• 1M: 0.91%
• YTD: 9.53%
• 6M: 13.74%
• 1Y: 30.71%
• 3Y*: 26.11%
• 5Y*: 14.40%
• 10Y*: 10.63%

BISAX

• 1D: -0.49%
• 1M: -0.75%
• YTD: 1.11%
• 6M: 4.25%
• 1Y: 15.51%
• 3Y*: 29.23%
• 5Y*: 16.94%
• 10Y*: 10.66%

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

JNUSX vs. BISAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNUSX JPMorgan International Value Fund	9.53%	48.51%	9.94%	19.06%	-5.17%	16.55%	-3.92%	15.55%	-18.62%	22.26%
BISAX Brandes International Small Cap Equity Fund	1.11%	45.50%	23.18%	39.03%	-8.68%	18.39%	4.62%	6.80%	-20.13%	11.52%

Correlation

The correlation between JNUSX and BISAX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Feb 2, 2012	0.81

The correlation between JNUSX and BISAX shifts across timeframes, from 0.72 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JNUSX vs. BISAX — Risk / Return Rank

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

JNUSX

JNUSX Risk / Return Rank: 58
JNUSX Sharpe Ratio Rank: 62
JNUSX Sortino Ratio Rank: 57
JNUSX Omega Ratio Rank: 57
JNUSX Calmar Ratio Rank: 60
JNUSX Martin Ratio Rank: 55

BISAX

BISAX Risk / Return Rank: 19
BISAX Sharpe Ratio Rank: 21
BISAX Sortino Ratio Rank: 23
BISAX Omega Ratio Rank: 21
BISAX Calmar Ratio Rank: 15
BISAX Martin Ratio Rank: 14

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.

JNUSX vs. BISAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Value Fund (JNUSX) and Brandes International Small Cap Equity Fund (BISAX). 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.

	JNUSX	BISAX	Difference
Sharpe ratio Return per unit of total volatility	2.33	1.37	+0.96
Sortino ratio Return per unit of downside risk	3.18	2.05	+1.14
Omega ratio Gain probability vs. loss probability	1.42	1.24	+0.17
Calmar ratio Return relative to maximum drawdown	2.99	1.46	+1.53
Martin ratio Return relative to average drawdown	11.23	4.37	+6.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JNUSX vs. BISAX - Sharpe Ratio Comparison

The current JNUSX Sharpe Ratio is 2.33, which is higher than the BISAX Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of JNUSX and BISAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JNUSX	BISAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	1.37	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	1.23	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.75	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.82	-0.53

Drawdowns

JNUSX vs. BISAX - Drawdown Comparison

The maximum JNUSX drawdown since its inception was -62.24%, which is greater than BISAX's maximum drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for JNUSX and BISAX.

Drawdown Indicators

	JNUSX	BISAX	Difference
Max Drawdown Largest peak-to-trough decline	-62.24%	-47.30%	-14.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-11.63%	+0.64%
Max Drawdown (3Y) Largest decline over 3 years	-13.66%	-11.63%	-2.03%
Max Drawdown (5Y) Largest decline over 5 years	-27.49%	-31.44%	+3.95%
Max Drawdown (10Y) Largest decline over 10 years	-48.34%	-47.30%	-1.04%
Current Drawdown Current decline from peak	-2.83%	-7.23%	+4.40%
Average Drawdown Average peak-to-trough decline	-15.28%	-8.04%	-7.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	3.87%	-0.95%

Volatility

JNUSX vs. BISAX - Volatility Comparison

JPMorgan International Value Fund (JNUSX) has a higher volatility of 4.04% compared to Brandes International Small Cap Equity Fund (BISAX) at 3.13%. This indicates that JNUSX's price experiences larger fluctuations and is considered to be riskier than BISAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNUSX	BISAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	3.13%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	9.97%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	12.38%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	13.88%	+2.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.98%	14.28%	+3.70%

JNUSX vs. BISAX - Expense Ratio Comparison

JNUSX has a 0.63% expense ratio, which is lower than BISAX's 1.36% expense ratio.

Dividends

JNUSX vs. BISAX - Dividend Comparison

JNUSX's dividend yield for the trailing twelve months is around 2.66%, less than BISAX's 3.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BISAX Brandes International Small Cap Equity Fund	3.19%	3.23%	3.06%	2.81%	3.87%	3.46%	0.81%	0.66%	3.88%	8.33%	4.00%	3.44%
JNUSX JPMorgan International Value Fund	2.66%	2.92%	4.51%	5.14%	3.93%	5.02%	2.89%	4.22%	4.56%	2.44%	6.43%	1.38%

Frequently Asked Questions

Can I hold both JNUSX and BISAX in my portfolio?

JNUSX and BISAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNUSX or BISAX?

JNUSX has higher volatility (4.04%) compared to BISAX (3.13%). In terms of maximum drawdown, JNUSX dropped -62.24% vs BISAX's -47.30%.

Which has better risk-adjusted returns?

JNUSX currently has the higher Sharpe Ratio (2.33 vs 1.37), 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.