JNVMX vs. DFIVX

Last updated Jun 24, 2026

JNVMX (JPMorgan Developed International Value Fund Class R6) and DFIVX (DFA International Value Portfolio Institutional Class) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past 10 years, JNVMX returned 11.73%/yr vs 12.43%/yr for DFIVX. With a 0.97 correlation, they move nearly in lockstep. JNVMX charges 0.55%/yr vs 0.28%/yr for DFIVX.

Performance

JNVMX vs. DFIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Developed International Value Fund Class R6 (JNVMX) and DFA International Value Portfolio Institutional Class (DFIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNVMX achieves a 10.84% return, which is significantly lower than DFIVX's 12.21% return. Over the past 10 years, JNVMX has underperformed DFIVX with an annualized return of 11.73%, while DFIVX has yielded a comparatively higher 12.43% annualized return.

JNVMX

• 1D: 0.22%
• 1M: 0.81%
• YTD: 10.84%
• 6M: 10.51%
• 1Y: 34.66%
• 3Y*: 26.44%
• 5Y*: 15.73%
• 10Y*: 11.73%

DFIVX

• 1D: 0.34%
• 1M: 0.09%
• YTD: 12.21%
• 6M: 11.62%
• 1Y: 35.91%
• 3Y*: 24.00%
• 5Y*: 14.86%
• 10Y*: 12.43%

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

JNVMX vs. DFIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNVMX JPMorgan Developed International Value Fund Class R6	10.84%	48.72%	10.03%	19.21%	-5.10%	16.71%	-3.88%	15.66%	-18.45%	22.38%
DFIVX DFA International Value Portfolio Institutional Class	12.21%	45.24%	6.87%	17.83%	-3.51%	18.57%	-2.13%	15.68%	-17.49%	26.08%

Correlation

The correlation between JNVMX and DFIVX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.97

The correlation between JNVMX and DFIVX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

JNVMX vs. DFIVX — Risk / Return Rank

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

JNVMX

JNVMX Risk / Return Rank: 76
JNVMX Sharpe Ratio Rank: 84
JNVMX Sortino Ratio Rank: 79
JNVMX Omega Ratio Rank: 76
JNVMX Calmar Ratio Rank: 74
JNVMX Martin Ratio Rank: 65

DFIVX

DFIVX Risk / Return Rank: 83
DFIVX Sharpe Ratio Rank: 85
DFIVX Sortino Ratio Rank: 79
DFIVX Omega Ratio Rank: 78
DFIVX Calmar Ratio Rank: 85
DFIVX Martin Ratio Rank: 85

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.

JNVMX vs. DFIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Developed International Value Fund Class R6 (JNVMX) and DFA International Value Portfolio Institutional Class (DFIVX). 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.

	JNVMX	DFIVX	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.58	-0.05
Sortino ratio: Return per unit of downside risk	3.44	3.45	-0.01
Omega ratio: Gain probability vs. loss probability	1.45	1.46	-0.01
Calmar ratio: Return relative to maximum drawdown	3.21	3.81	-0.60
Martin ratio: Return relative to average drawdown	11.85	14.86	-3.02

JNVMX vs. DFIVX - Sharpe Ratio Comparison

The current JNVMX Sharpe Ratio is 2.52, which is comparable to the DFIVX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of JNVMX and DFIVX, 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

JNVMX vs. DFIVX - Drawdown Comparison

The maximum JNVMX drawdown since its inception was -48.20%, smaller than the maximum DFIVX drawdown of -66.61%. Use the drawdown chart below to compare losses from any high point for JNVMX and DFIVX.

Drawdown Indicators

	JNVMX	DFIVX	Difference
Max Drawdown Largest peak-to-trough decline	-48.20%	-66.61%	+18.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-9.58%	-1.44%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-14.39%	+0.76%
Max Drawdown (5Y) Largest decline over 5 years	-27.45%	-25.29%	-2.16%
Max Drawdown (10Y) Largest decline over 10 years	-48.20%	-48.11%	-0.09%
Current Drawdown Current decline from peak	-1.67%	-0.99%	-0.68%
Average Drawdown Average peak-to-trough decline	-9.85%	-12.22%	+2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.45%	+0.53%

Volatility

JNVMX vs. DFIVX - Volatility Comparison

The current volatility for JPMorgan Developed International Value Fund Class R6 (JNVMX) is 3.61%, while DFA International Value Portfolio Institutional Class (DFIVX) has a volatility of 4.21%. This indicates that JNVMX experiences smaller price fluctuations and is considered to be less risky than DFIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNVMX	DFIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	4.21%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	11.38%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	14.21%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	16.30%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	17.96%	-0.05%

JNVMX vs. DFIVX - Expense Ratio Comparison

JNVMX has a 0.55% expense ratio, which is higher than DFIVX's 0.28% expense ratio.

Dividends

JNVMX vs. DFIVX - Dividend Comparison

JNVMX's dividend yield for the trailing twelve months is around 2.74%, less than DFIVX's 3.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFIVX DFA International Value Portfolio Institutional Class	3.75%	4.21%	3.94%	4.40%	3.78%	4.37%	2.42%	3.70%	6.60%	2.85%	3.36%	3.45%
JNVMX JPMorgan Developed International Value Fund Class R6	2.74%	3.04%	4.64%	5.27%	4.06%	5.17%	3.14%	4.36%	4.79%	2.63%	6.76%	1.64%

Frequently Asked Questions

Can I hold both JNVMX and DFIVX in my portfolio?

With a correlation of 0.96, JNVMX and DFIVX 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, JNVMX or DFIVX?

DFIVX has higher volatility (4.21%) compared to JNVMX (3.61%). In terms of maximum drawdown, JNVMX dropped -48.20% vs DFIVX's -66.61%.

Which has better risk-adjusted returns?

DFIVX currently has the higher Sharpe Ratio (2.58 vs 2.52), 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.