JNVMX vs. THOIX

Last updated Aug 1, 2026

JNVMX (JPMorgan Developed International Value Fund Class R6) and THOIX (Thornburg Global Opportunities Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, JNVMX returned 11.60%/yr vs 13.43%/yr for THOIX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. JNVMX charges 0.55%/yr vs 0.99%/yr for THOIX.

Performance

JNVMX vs. THOIX - Performance Comparison

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

Returns By Period

In the year-to-date period, JNVMX achieves a 17.32% return, which is significantly higher than THOIX's 10.91% return. Over the past 10 years, JNVMX has underperformed THOIX with an annualized return of 11.60%, while THOIX has yielded a comparatively higher 13.43% annualized return.

JNVMX

• 1D: 2.24%
• 1M: 5.28%
• 6M: 9.87%
• YTD: 17.32%
• 1Y: 38.26%
• 3Y*: 25.96%
• 5Y*: 17.21%
• 10Y*: 11.60%
• ALL TIME*: 7.97%

THOIX

• 1D: -0.41%
• 1M: 1.48%
• 6M: 3.68%
• YTD: 10.91%
• 1Y: 30.28%
• 3Y*: 21.57%
• 5Y*: 13.48%
• 10Y*: 13.43%
• ALL TIME*: 10.40%

*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)
JNVMX JPMorgan Developed International Value Fund Class R6	$0.00	$0.00	$0.00
THOIX Thornburg Global Opportunities Fund	$0.00	$0.00	$0.00

JNVMX vs. THOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNVMX JPMorgan Developed International Value Fund Class R6	17.32%	48.72%	10.03%	19.21%	-5.10%	16.71%	-3.88%	15.66%	-18.45%	22.38%
THOIX Thornburg Global Opportunities Fund	10.91%	41.04%	13.08%	16.26%	-10.12%	14.72%	22.50%	28.74%	-20.72%	22.03%

Correlation

The correlation between JNVMX and THOIX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.80

The correlation between JNVMX and THOIX shifts across timeframes, from 0.60 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JNVMX vs. THOIX — Risk / Return Rank

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

JNVMX

JNVMX Risk / Return Rank: 92
JNVMX Sharpe Ratio Rank: 96
JNVMX Sortino Ratio Rank: 94
JNVMX Omega Ratio Rank: 90
JNVMX Calmar Ratio Rank: 90
JNVMX Martin Ratio Rank: 90

THOIX

THOIX Risk / Return Rank: 89
THOIX Sharpe Ratio Rank: 93
THOIX Sortino Ratio Rank: 88
THOIX Omega Ratio Rank: 88
THOIX Calmar Ratio Rank: 90
THOIX Martin Ratio Rank: 88

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.

JNVMX vs. THOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Developed International Value Fund Class R6 (JNVMX) and Thornburg Global Opportunities Fund (THOIX). 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	THOIX	Difference
Sharpe ratio: Return per unit of total volatility	2.74	2.41	+0.33
Sortino ratio: Return per unit of downside risk	3.76	3.23	+0.53
Omega ratio: Gain probability vs. loss probability	1.49	1.45	+0.04
Calmar ratio: Return relative to maximum drawdown	3.49	3.32	+0.17
Martin ratio: Return relative to average drawdown	12.83	11.52	+1.31

JNVMX vs. THOIX - Sharpe Ratio Comparison

The current JNVMX Sharpe Ratio is 2.74, which is comparable to the THOIX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of JNVMX and THOIX, 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. THOIX - Drawdown Comparison

The maximum JNVMX drawdown since its inception was -48.20%, smaller than the maximum THOIX drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for JNVMX and THOIX.

Drawdown Indicators

	JNVMX	THOIX	Difference
Max Drawdown Largest peak-to-trough decline	-48.20%	-64.58%	+16.38%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-8.62%	-2.40%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-13.71%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-27.45%	-30.18%	+2.73%
Max Drawdown (10Y) Largest decline over 10 years	-48.20%	-35.22%	-12.98%
Current Drawdown Current decline from peak	0.00%	-3.32%	+3.32%
Average Drawdown Average peak-to-trough decline	-9.79%	-11.40%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.48%	+0.51%

Volatility

JNVMX vs. THOIX - Volatility Comparison

JPMorgan Developed International Value Fund Class R6 (JNVMX) has a higher volatility of 4.03% compared to Thornburg Global Opportunities Fund (THOIX) at 3.36%. This indicates that JNVMX's price experiences larger fluctuations and is considered to be riskier than THOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNVMX	THOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	3.36%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	9.38%	+2.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	11.89%	+2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	16.48%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	17.33%	+0.21%

JNVMX vs. THOIX - Expense Ratio Comparison

JNVMX has a 0.55% expense ratio, which is lower than THOIX's 0.99% expense ratio.

Dividends

JNVMX vs. THOIX - Dividend Comparison

JNVMX's dividend yield for the trailing twelve months is around 2.59%, less than THOIX's 5.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNVMX JPMorgan Developed International Value Fund Class R6	2.59%	3.04%	4.64%	5.27%	4.06%	5.17%	3.14%	4.36%	4.79%	2.63%	6.76%	1.64%
THOIX Thornburg Global Opportunities Fund	5.79%	6.42%	5.70%	5.70%	4.00%	14.39%	6.70%	1.47%	2.65%	0.67%	0.82%	0.59%

Frequently Asked Questions

Can I hold both JNVMX and THOIX in my portfolio?

JNVMX and THOIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNVMX or THOIX?

JNVMX has higher volatility (4.03%) compared to THOIX (3.36%). In terms of maximum drawdown, JNVMX dropped -48.20% vs THOIX's -64.58%.

Which has better risk-adjusted returns?

JNVMX currently has the higher Sharpe Ratio (2.74 vs 2.41), 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.