JPDVX vs. VTMFX

Last updated Jun 24, 2026

JPDVX (JPMorgan Diversified Fund) and VTMFX (Vanguard Tax-Managed Balanced Fund Admiral Shares) are both Diversified Portfolio funds. Over the past 10 years, JPDVX returned 8.57%/yr vs 8.70%/yr for VTMFX. Their correlation of 0.94 suggests significant overlap in exposure. JPDVX charges 0.60%/yr vs 0.05%/yr for VTMFX.

Performance

JPDVX vs. VTMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Fund (JPDVX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPDVX achieves a 4.12% return, which is significantly lower than VTMFX's 5.23% return. Both investments have delivered pretty close results over the past 10 years, with JPDVX having a 8.57% annualized return and VTMFX not far ahead at 8.70%.

JPDVX

• 1D: -0.25%
• 1M: 0.82%
• YTD: 4.12%
• 6M: 3.74%
• 1Y: 13.03%
• 3Y*: 11.93%
• 5Y*: 3.69%
• 10Y*: 8.57%

VTMFX

• 1D: -0.19%
• 1M: 0.76%
• YTD: 5.23%
• 6M: 4.83%
• 1Y: 14.99%
• 3Y*: 12.08%
• 5Y*: 7.01%
• 10Y*: 8.70%

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

JPDVX vs. VTMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPDVX JPMorgan Diversified Fund	4.12%	13.61%	10.15%	14.91%	-15.43%	1.94%	17.17%	30.24%	-7.96%	17.91%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	5.23%	11.28%	12.17%	15.55%	-12.69%	13.10%	13.31%	18.01%	-1.40%	12.61%

Correlation

The correlation between JPDVX and VTMFX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Sep 6, 1994	0.94

The correlation between JPDVX and VTMFX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

JPDVX vs. VTMFX — Risk / Return Rank

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

JPDVX

JPDVX Risk / Return Rank: 30
JPDVX Sharpe Ratio Rank: 31
JPDVX Sortino Ratio Rank: 29
JPDVX Omega Ratio Rank: 31
JPDVX Calmar Ratio Rank: 25
JPDVX Martin Ratio Rank: 35

VTMFX

VTMFX Risk / Return Rank: 76
VTMFX Sharpe Ratio Rank: 80
VTMFX Sortino Ratio Rank: 78
VTMFX Omega Ratio Rank: 78
VTMFX Calmar Ratio Rank: 63
VTMFX Martin Ratio Rank: 78

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.

JPDVX vs. VTMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Fund (JPDVX) and Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX). 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.

	JPDVX	VTMFX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.43	-0.96
Sortino ratio: Return per unit of downside risk	2.07	3.42	-1.35
Omega ratio: Gain probability vs. loss probability	1.27	1.46	-0.19
Calmar ratio: Return relative to maximum drawdown	1.71	2.91	-1.20
Martin ratio: Return relative to average drawdown	7.31	13.60	-6.30

JPDVX vs. VTMFX - Sharpe Ratio Comparison

The current JPDVX Sharpe Ratio is 1.47, which is lower than the VTMFX Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of JPDVX and VTMFX, 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

JPDVX vs. VTMFX - Drawdown Comparison

The maximum JPDVX drawdown since its inception was -32.29%, which is greater than VTMFX's maximum drawdown of -28.49%. Use the drawdown chart below to compare losses from any high point for JPDVX and VTMFX.

Drawdown Indicators

	JPDVX	VTMFX	Difference
Max Drawdown Largest peak-to-trough decline	-32.29%	-28.49%	-3.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-5.38%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-11.40%	-10.61%	-0.79%
Max Drawdown (5Y) Largest decline over 5 years	-29.29%	-17.40%	-11.89%
Max Drawdown (10Y) Largest decline over 10 years	-29.29%	-21.87%	-7.42%
Current Drawdown Current decline from peak	-0.56%	-0.75%	+0.19%
Average Drawdown Average peak-to-trough decline	-5.53%	-3.54%	-1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.15%	+0.73%

Volatility

JPDVX vs. VTMFX - Volatility Comparison

JPMorgan Diversified Fund (JPDVX) has a higher volatility of 3.34% compared to Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) at 2.45%. This indicates that JPDVX's price experiences larger fluctuations and is considered to be riskier than VTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPDVX	VTMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	2.45%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	7.94%	5.18%	+2.76%
Volatility (1Y) Calculated over the trailing 1-year period	9.40%	6.46%	+2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.49%	8.57%	+2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.85%	9.15%	+2.70%

JPDVX vs. VTMFX - Expense Ratio Comparison

JPDVX has a 0.60% expense ratio, which is higher than VTMFX's 0.05% expense ratio.

Dividends

JPDVX vs. VTMFX - Dividend Comparison

JPDVX's dividend yield for the trailing twelve months is around 13.58%, more than VTMFX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPDVX JPMorgan Diversified Fund	13.58%	14.14%	4.07%	1.34%	7.02%	8.33%	9.35%	16.68%	11.26%	6.99%	2.59%	4.52%
VTMFX Vanguard Tax-Managed Balanced Fund Admiral Shares	2.12%	2.14%	2.08%	1.94%	1.85%	1.38%	1.72%	2.05%	2.22%	2.00%	2.13%	2.06%

Frequently Asked Questions

Can I hold both JPDVX and VTMFX in my portfolio?

With a correlation of 0.95, JPDVX and VTMFX 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, JPDVX or VTMFX?

JPDVX has higher volatility (3.34%) compared to VTMFX (2.45%). In terms of maximum drawdown, JPDVX dropped -32.29% vs VTMFX's -28.49%.

Which has better risk-adjusted returns?

VTMFX currently has the higher Sharpe Ratio (2.43 vs 1.47), 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.