JNVSX vs. FUQIX

Last updated Aug 5, 2026

JNVSX (Jensen Quality Value Fund) and FUQIX (Fidelity SAI U.S. Quality Index Fund) are both Quality Factor funds. Over the past 10 years, JNVSX returned 10.80%/yr vs 15.90%/yr for FUQIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. JNVSX charges 1.05%/yr vs 0.10%/yr for FUQIX.

Performance

JNVSX vs. FUQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jensen Quality Value Fund (JNVSX) and Fidelity SAI U.S. Quality Index Fund (FUQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNVSX achieves a 4.50% return, which is significantly lower than FUQIX's 10.19% return. Over the past 10 years, JNVSX has underperformed FUQIX with an annualized return of 10.80%, while FUQIX has yielded a comparatively higher 15.90% annualized return.

JNVSX

• 1D: 0.82%
• 1M: 2.51%
• 6M: 4.18%
• YTD: 4.50%
• 1Y: 0.72%
• 3Y*: 5.80%
• 5Y*: 8.58%
• 10Y*: 10.80%
• ALL TIME*: 10.50%

FUQIX

• 1D: 0.84%
• 1M: 0.61%
• 6M: 11.96%
• YTD: 10.19%
• 1Y: 17.55%
• 3Y*: 20.44%
• 5Y*: 12.65%
• 10Y*: 15.90%
• ALL TIME*: 15.54%

*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)
FUQIX Fidelity SAI U.S. Quality Index Fund	$0.00	$0.00	$0.00
JNVSX Jensen Quality Value Fund	$0.00	$0.00	$0.00

JNVSX vs. FUQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNVSX Jensen Quality Value Fund	4.50%	-2.58%	9.40%	18.58%	-15.83%	60.71%	14.79%	27.58%	-9.03%	15.08%
FUQIX Fidelity SAI U.S. Quality Index Fund	10.19%	16.76%	24.32%	29.63%	-18.09%	28.28%	20.67%	34.66%	-3.39%	25.77%

Correlation

The correlation between JNVSX and FUQIX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.76
Correlation (All Time) Calculated using the full available price history since Oct 16, 2015	0.77

Over the past year, the correlation between JNVSX and FUQIX has dropped to 0.49 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

JNVSX vs. FUQIX — Risk / Return Rank

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

JNVSX

JNVSX Risk / Return Rank: 6
JNVSX Sharpe Ratio Rank: 5
JNVSX Sortino Ratio Rank: 6
JNVSX Omega Ratio Rank: 6
JNVSX Calmar Ratio Rank: 6
JNVSX Martin Ratio Rank: 5

FUQIX

FUQIX Risk / Return Rank: 43
FUQIX Sharpe Ratio Rank: 50
FUQIX Sortino Ratio Rank: 48
FUQIX Omega Ratio Rank: 44
FUQIX Calmar Ratio Rank: 34
FUQIX Martin Ratio Rank: 41

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.

JNVSX vs. FUQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jensen Quality Value Fund (JNVSX) and Fidelity SAI U.S. Quality Index Fund (FUQIX). 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.

	JNVSX	FUQIX	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.52	-1.32
Sortino ratio: Return per unit of downside risk	0.40	2.15	-1.76
Omega ratio: Gain probability vs. loss probability	1.04	1.27	-0.22
Calmar ratio: Return relative to maximum drawdown	0.26	1.63	-1.37
Martin ratio: Return relative to average drawdown	0.46	6.48	-6.02

JNVSX vs. FUQIX - Sharpe Ratio Comparison

The current JNVSX Sharpe Ratio is 0.20, which is lower than the FUQIX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of JNVSX and FUQIX, 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

JNVSX vs. FUQIX - Drawdown Comparison

The maximum JNVSX drawdown since its inception was -34.52%, which is greater than FUQIX's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for JNVSX and FUQIX.

Drawdown Indicators

	JNVSX	FUQIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.52%	-31.19%	-3.33%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-12.31%	+1.89%
Max Drawdown (3Y) Largest decline over 3 years	-17.43%	-17.86%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-24.56%	-24.96%	+0.40%
Max Drawdown (10Y) Largest decline over 10 years	-34.52%	-31.19%	-3.33%
Current Drawdown Current decline from peak	-4.42%	-0.34%	-4.08%
Average Drawdown Average peak-to-trough decline	-5.20%	-4.21%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	3.08%	+2.73%

Volatility

JNVSX vs. FUQIX - Volatility Comparison

Jensen Quality Value Fund (JNVSX) has a higher volatility of 5.26% compared to Fidelity SAI U.S. Quality Index Fund (FUQIX) at 3.09%. This indicates that JNVSX's price experiences larger fluctuations and is considered to be riskier than FUQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNVSX	FUQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	3.09%	+2.17%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	10.38%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	13.51%	13.24%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.56%	17.19%	+3.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	18.26%	+0.96%

JNVSX vs. FUQIX - Expense Ratio Comparison

JNVSX has a 1.05% expense ratio, which is higher than FUQIX's 0.10% expense ratio.

Dividends

JNVSX vs. FUQIX - Dividend Comparison

JNVSX's dividend yield for the trailing twelve months is around 10.77%, more than FUQIX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUQIX Fidelity SAI U.S. Quality Index Fund	3.30%	3.63%	12.80%	2.38%	1.42%	8.55%	9.46%	13.68%	2.41%	3.79%	1.57%	0.29%
JNVSX Jensen Quality Value Fund	10.77%	11.31%	6.15%	0.56%	2.69%	22.40%	1.27%	5.13%	6.15%	4.14%	1.34%	17.62%

Frequently Asked Questions

Can I hold both JNVSX and FUQIX in my portfolio?

JNVSX and FUQIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNVSX or FUQIX?

JNVSX has higher volatility (5.26%) compared to FUQIX (3.09%). In terms of maximum drawdown, JNVSX dropped -34.52% vs FUQIX's -31.19%.

Which has better risk-adjusted returns?

FUQIX currently has the higher Sharpe Ratio (1.52 vs 0.20), 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.