JOPPX vs. KMVAX

Last updated Apr 2, 2026

Compare and contrast key facts about Johnson Opportunity Fund (JOPPX) and Kirr Marbach Partners Value Fund (KMVAX).

JOPPX is managed by Johnson Mutual Funds. It was launched on May 16, 1994. KMVAX is managed by Kirr Marbach Partners. It was launched on Dec 31, 1998.

Performance

JOPPX vs. KMVAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Johnson Opportunity Fund (JOPPX) and Kirr Marbach Partners Value Fund (KMVAX). The values are adjusted to include any dividend payments, if applicable.

JOPPX vs. KMVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JOPPX Johnson Opportunity Fund	-0.45%	4.13%	3.97%	17.12%	-12.39%	30.51%	7.85%	28.63%	-14.16%	16.95%
KMVAX Kirr Marbach Partners Value Fund	1.97%	14.44%	27.82%	20.42%	-16.01%	28.83%	2.96%	27.03%	-19.72%	16.12%

Returns By Period

In the year-to-date period, JOPPX achieves a -0.45% return, which is significantly lower than KMVAX's 1.97% return. Over the past 10 years, JOPPX has underperformed KMVAX with an annualized return of 8.63%, while KMVAX has yielded a comparatively higher 10.26% annualized return.

JOPPX

• 1D: 2.23%
• 1M: -6.35%
• YTD: -0.45%
• 6M: 1.00%
• 1Y: 8.06%
• 3Y*: 7.03%
• 5Y*: 4.99%
• 10Y*: 8.63%

KMVAX

• 1D: 3.26%
• 1M: -6.04%
• YTD: 1.97%
• 6M: -2.72%
• 1Y: 23.05%
• 3Y*: 18.99%
• 5Y*: 11.56%
• 10Y*: 10.26%

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

JOPPX vs. KMVAX - Expense Ratio Comparison

JOPPX has a 1.00% expense ratio, which is lower than KMVAX's 1.45% expense ratio.

KMVAX

Kirr Marbach Partners Value Fund

JOPPX

Johnson Opportunity Fund

Return for Risk

JOPPX vs. KMVAX — Risk / Return Rank

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

JOPPX

JOPPX Risk / Return Rank: 16
JOPPX Sharpe Ratio Rank: 14
JOPPX Sortino Ratio Rank: 15
JOPPX Omega Ratio Rank: 13
JOPPX Calmar Ratio Rank: 19
JOPPX Martin Ratio Rank: 20

KMVAX

KMVAX Risk / Return Rank: 67
KMVAX Sharpe Ratio Rank: 63
KMVAX Sortino Ratio Rank: 67
KMVAX Omega Ratio Rank: 60
KMVAX Calmar Ratio Rank: 83
KMVAX Martin Ratio Rank: 60

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.

JOPPX vs. KMVAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Johnson Opportunity Fund (JOPPX) and Kirr Marbach Partners Value Fund (KMVAX). 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.

	JOPPX	KMVAX	Difference
Sharpe ratio Return per unit of total volatility	0.47	1.20	-0.72
Sortino ratio Return per unit of downside risk	0.83	1.79	-0.96
Omega ratio Gain probability vs. loss probability	1.10	1.25	-0.14
Calmar ratio Return relative to maximum drawdown	0.74	2.17	-1.43
Martin ratio Return relative to average drawdown	2.66	6.23	-3.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JOPPX vs. KMVAX - Sharpe Ratio Comparison

The current JOPPX Sharpe Ratio is 0.47, which is lower than the KMVAX Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of JOPPX and KMVAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JOPPX	KMVAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	1.20	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.63	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.51	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.40	-0.14

Correlation

The correlation between JOPPX and KMVAX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JOPPX vs. KMVAX - Dividend Comparison

JOPPX's dividend yield for the trailing twelve months is around 4.92%, less than KMVAX's 5.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JOPPX Johnson Opportunity Fund	4.92%	4.90%	0.00%	3.67%	4.36%	13.04%	0.57%	4.36%	6.75%	10.55%	2.03%	9.61%
KMVAX Kirr Marbach Partners Value Fund	5.19%	5.30%	7.58%	3.35%	3.57%	3.72%	1.35%	2.11%	9.38%	6.87%	5.64%	0.34%

Drawdowns

JOPPX vs. KMVAX - Drawdown Comparison

The maximum JOPPX drawdown since its inception was -71.27%, which is greater than KMVAX's maximum drawdown of -65.81%. Use the drawdown chart below to compare losses from any high point for JOPPX and KMVAX.

Drawdown Indicators

	JOPPX	KMVAX	Difference
Max Drawdown Largest peak-to-trough decline	-71.27%	-65.81%	-5.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-11.33%	-0.81%
Max Drawdown (5Y) Largest decline over 5 years	-25.88%	-24.84%	-1.04%
Max Drawdown (10Y) Largest decline over 10 years	-38.28%	-45.41%	+7.13%
Current Drawdown Current decline from peak	-9.87%	-6.82%	-3.05%
Average Drawdown Average peak-to-trough decline	-14.53%	-10.04%	-4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.95%	-0.56%

Volatility

JOPPX vs. KMVAX - Volatility Comparison

The current volatility for Johnson Opportunity Fund (JOPPX) is 5.20%, while Kirr Marbach Partners Value Fund (KMVAX) has a volatility of 6.55%. This indicates that JOPPX experiences smaller price fluctuations and is considered to be less risky than KMVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JOPPX	KMVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	6.55%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	12.31%	-2.07%
Volatility (1Y) Calculated over the trailing 1-year period	18.59%	20.21%	-1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	18.30%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	20.10%	-0.90%