JNUSX vs. JIVE

Last updated Aug 1, 2026

JNUSX (JPMorgan International Value Fund) and JIVE (JPMorgan International Value ETF) are both Foreign Large Cap Equities funds from JPMorgan. Over the past year, JNUSX returned 38.09% vs 41.61% for JIVE. Their correlation of 0.93 means they have usually moved in the same direction. JNUSX charges 0.63%/yr vs 0.55%/yr for JIVE.

Performance

JNUSX vs. JIVE - Performance Comparison

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

Returns By Period

In the year-to-date period, JNUSX achieves a 17.30% return, which is significantly lower than JIVE's 19.28% return.

JNUSX

• 1D: 2.27%
• 1M: 5.29%
• 6M: 9.80%
• YTD: 17.30%
• 1Y: 38.09%
• 3Y*: 25.84%
• 5Y*: 17.10%
• 10Y*: 11.48%
• ALL TIME*: 5.89%

JIVE

• 1D: -0.46%
• 1M: 3.79%
• 6M: 10.74%
• YTD: 19.28%
• 1Y: 41.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JIVE JPMorgan International Value ETF	$31.51M	$29.83M	$30.13M
JNUSX JPMorgan International Value Fund	$0.00	$0.00	$0.00

JNUSX vs. JIVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JNUSX JPMorgan International Value Fund	17.30%	48.51%	9.94%	6.17%
JIVE JPMorgan International Value ETF	19.28%	49.80%	11.22%	5.36%

Correlation

The correlation between JNUSX and JIVE is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.93

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

Return for Risk

JNUSX vs. JIVE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JNUSX

JNUSX Risk / Return Rank: 92
JNUSX Sharpe Ratio Rank: 96
JNUSX Sortino Ratio Rank: 93
JNUSX Omega Ratio Rank: 90
JNUSX Calmar Ratio Rank: 91
JNUSX Martin Ratio Rank: 91

JIVE

JIVE Risk / Return Rank: 93
JIVE Sharpe Ratio Rank: 95
JIVE Sortino Ratio Rank: 93
JIVE Omega Ratio Rank: 93
JIVE Calmar Ratio Rank: 91
JIVE Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JNUSX vs. JIVE - Risk-Adjusted Trends Comparison

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

	JNUSX	JIVE	Difference
Sharpe ratio: Return per unit of total volatility	2.72	2.72	0.00
Sortino ratio: Return per unit of downside risk	3.74	3.62	+0.12
Omega ratio: Gain probability vs. loss probability	1.49	1.49	0.00
Calmar ratio: Return relative to maximum drawdown	3.48	3.94	-0.45
Martin ratio: Return relative to average drawdown	12.78	14.89	-2.12

JNUSX vs. JIVE - Sharpe Ratio Comparison

The current JNUSX Sharpe Ratio is 2.72, which is comparable to the JIVE Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of JNUSX and JIVE, 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

JNUSX vs. JIVE - Drawdown Comparison

The maximum JNUSX drawdown since its inception was -62.24%, which is greater than JIVE's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for JNUSX and JIVE.

Drawdown Indicators

	JNUSX	JIVE	Difference
Max Drawdown Largest peak-to-trough decline	-62.24%	-13.79%	-48.45%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-10.57%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-13.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.34%	—	—
Current Drawdown Current decline from peak	0.00%	-0.46%	+0.46%
Average Drawdown Average peak-to-trough decline	-15.21%	-1.93%	-13.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.79%	+0.20%

Volatility

JNUSX vs. JIVE - Volatility Comparison

The current volatility for JPMorgan International Value Fund (JNUSX) is 4.03%, while JPMorgan International Value ETF (JIVE) has a volatility of 4.58%. This indicates that JNUSX experiences smaller price fluctuations and is considered to be less risky than JIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNUSX	JIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	4.58%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	13.32%	-1.60%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	15.28%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.08%	15.12%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	15.12%	+2.41%

JNUSX vs. JIVE - Expense Ratio Comparison

JNUSX has a 0.63% expense ratio, which is higher than JIVE's 0.55% expense ratio.

Dividends

JNUSX vs. JIVE - Dividend Comparison

JNUSX's dividend yield for the trailing twelve months is around 2.49%, more than JIVE's 2.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JIVE JPMorgan International Value ETF	2.41%	2.88%	2.48%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JNUSX JPMorgan International Value Fund	2.49%	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 JIVE in my portfolio?

With a correlation of 0.93, JNUSX and JIVE 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, JNUSX or JIVE?

JIVE has higher volatility (4.58%) compared to JNUSX (4.03%). In terms of maximum drawdown, JNUSX dropped -62.24% vs JIVE's -13.79%.

Which has better risk-adjusted returns?

JNUSX currently has the higher Sharpe Ratio (2.72 vs 2.72), 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.