JPVRX vs. FHLFX

Last updated Jun 24, 2026

JPVRX (JPMorgan Developed International Value Fund Class R5) and FHLFX (Fidelity Series International Index Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, JPVRX returned 15.63%/yr vs 9.33%/yr for FHLFX. Their correlation of 0.93 suggests significant overlap in exposure. JPVRX charges 0.65%/yr vs 0.01%/yr for FHLFX.

Performance

JPVRX vs. FHLFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Developed International Value Fund Class R5 (JPVRX) and Fidelity Series International Index Fund (FHLFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JPVRX having a 10.79% return and FHLFX slightly lower at 10.72%.

JPVRX

• 1D: 0.22%
• 1M: 0.81%
• YTD: 10.79%
• 6M: 10.46%
• 1Y: 34.53%
• 3Y*: 26.32%
• 5Y*: 15.63%
• 10Y*: —

FHLFX

• 1D: 0.12%
• 1M: 2.07%
• YTD: 10.72%
• 6M: 10.36%
• 1Y: 24.65%
• 3Y*: 17.70%
• 5Y*: 9.33%
• 10Y*: —

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

JPVRX vs. FHLFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
JPVRX JPMorgan Developed International Value Fund Class R5	10.79%	48.54%	9.98%	19.13%	-5.28%	16.67%	-3.97%	15.48%	-12.06%
FHLFX Fidelity Series International Index Fund	10.72%	31.96%	3.67%	18.16%	-14.17%	11.23%	8.09%	21.66%	-10.70%

Correlation

The correlation between JPVRX and FHLFX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.93

The correlation between JPVRX and FHLFX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

JPVRX vs. FHLFX — Risk / Return Rank

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

JPVRX

JPVRX Risk / Return Rank: 75
JPVRX Sharpe Ratio Rank: 83
JPVRX Sortino Ratio Rank: 78
JPVRX Omega Ratio Rank: 76
JPVRX Calmar Ratio Rank: 74
JPVRX Martin Ratio Rank: 64

FHLFX

FHLFX Risk / Return Rank: 39
FHLFX Sharpe Ratio Rank: 39
FHLFX Sortino Ratio Rank: 38
FHLFX Omega Ratio Rank: 38
FHLFX Calmar Ratio Rank: 39
FHLFX Martin Ratio Rank: 41

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.

JPVRX vs. FHLFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Developed International Value Fund Class R5 (JPVRX) and Fidelity Series International Index Fund (FHLFX). 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.

	JPVRX	FHLFX	Difference
Sharpe ratio: Return per unit of total volatility	2.51	1.68	+0.82
Sortino ratio: Return per unit of downside risk	3.42	2.39	+1.03
Omega ratio: Gain probability vs. loss probability	1.45	1.31	+0.14
Calmar ratio: Return relative to maximum drawdown	3.20	2.26	+0.94
Martin ratio: Return relative to average drawdown	11.75	8.44	+3.31

JPVRX vs. FHLFX - Sharpe Ratio Comparison

The current JPVRX Sharpe Ratio is 2.51, which is higher than the FHLFX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of JPVRX and FHLFX, 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

JPVRX vs. FHLFX - Drawdown Comparison

The maximum JPVRX drawdown since its inception was -48.30%, which is greater than FHLFX's maximum drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for JPVRX and FHLFX.

Drawdown Indicators

	JPVRX	FHLFX	Difference
Max Drawdown Largest peak-to-trough decline	-48.30%	-33.58%	-14.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-11.37%	+0.35%
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	-13.62%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-27.52%	-29.36%	+1.84%
Current Drawdown Current decline from peak	-1.71%	0.00%	-1.71%
Average Drawdown Average peak-to-trough decline	-9.27%	-6.07%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	3.03%	-0.04%

Volatility

JPVRX vs. FHLFX - Volatility Comparison

The current volatility for JPMorgan Developed International Value Fund Class R5 (JPVRX) is 3.61%, while Fidelity Series International Index Fund (FHLFX) has a volatility of 4.75%. This indicates that JPVRX experiences smaller price fluctuations and is considered to be less risky than FHLFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPVRX	FHLFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	4.75%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	11.37%	12.71%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.08%	15.27%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	16.06%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	17.65%	+0.11%

JPVRX vs. FHLFX - Expense Ratio Comparison

JPVRX has a 0.65% expense ratio, which is higher than FHLFX's 0.01% expense ratio.

Dividends

JPVRX vs. FHLFX - Dividend Comparison

JPVRX's dividend yield for the trailing twelve months is around 2.70%, less than FHLFX's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHLFX Fidelity Series International Index Fund	3.13%	3.46%	2.98%	2.86%	2.60%	2.47%	1.92%	1.95%	0.62%	0.00%
JPVRX JPMorgan Developed International Value Fund Class R5	2.70%	2.99%	4.60%	5.04%	3.96%	4.96%	3.05%	4.28%	4.68%	2.54%

Frequently Asked Questions

Can I hold both JPVRX and FHLFX in my portfolio?

With a correlation of 0.92, JPVRX and FHLFX 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, JPVRX or FHLFX?

FHLFX has higher volatility (4.75%) compared to JPVRX (3.61%). In terms of maximum drawdown, JPVRX dropped -48.30% vs FHLFX's -33.58%.

Which has better risk-adjusted returns?

JPVRX currently has the higher Sharpe Ratio (2.51 vs 1.68), 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.