NSDVX vs. UBVSX

Last updated Aug 4, 2026

NSDVX (North Star Dividend Fund) and UBVSX (JPMorgan Undiscovered Managers Behavioral Value Fund Class I) are both Small Cap Value Equities funds. Over the past 10 years, NSDVX returned 7.16%/yr vs 10.62%/yr for UBVSX. Their correlation of 0.82 means they have usually moved in the same direction. NSDVX charges 1.37%/yr vs 0.99%/yr for UBVSX.

Performance

NSDVX vs. UBVSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Star Dividend Fund (NSDVX) and JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NSDVX achieves a 22.08% return, which is significantly higher than UBVSX's 14.13% return. Over the past 10 years, NSDVX has underperformed UBVSX with an annualized return of 7.16%, while UBVSX has yielded a comparatively higher 10.62% annualized return.

NSDVX

• 1D: -0.54%
• 1M: 0.07%
• 6M: 13.21%
• YTD: 22.08%
• 1Y: 28.73%
• 3Y*: 10.76%
• 5Y*: 5.81%
• 10Y*: 7.16%
• ALL TIME*: 8.05%

UBVSX

• 1D: -0.63%
• 1M: -0.20%
• 6M: 8.48%
• YTD: 14.13%
• 1Y: 19.90%
• 3Y*: 11.26%
• 5Y*: 9.78%
• 10Y*: 10.62%
• ALL TIME*: 9.74%

*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)
NSDVX North Star Dividend Fund	$0.00	$0.00	$0.00
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I	$0.00	$0.00	$0.00

NSDVX vs. UBVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NSDVX North Star Dividend Fund	22.08%	-1.31%	9.25%	8.06%	-6.36%	16.16%	6.51%	16.13%	-12.35%	8.27%
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I	14.13%	1.70%	13.03%	14.59%	-1.26%	34.05%	3.35%	23.11%	-15.37%	13.26%

Correlation

The correlation between NSDVX and UBVSX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.83

The correlation between NSDVX and UBVSX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

NSDVX vs. UBVSX — Risk / Return Rank

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

NSDVX

NSDVX Risk / Return Rank: 70
NSDVX Sharpe Ratio Rank: 75
NSDVX Sortino Ratio Rank: 78
NSDVX Omega Ratio Rank: 70
NSDVX Calmar Ratio Rank: 75
NSDVX Martin Ratio Rank: 52

UBVSX

UBVSX Risk / Return Rank: 32
UBVSX Sharpe Ratio Rank: 29
UBVSX Sortino Ratio Rank: 33
UBVSX Omega Ratio Rank: 29
UBVSX Calmar Ratio Rank: 38
UBVSX Martin Ratio Rank: 31

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.

NSDVX vs. UBVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Star Dividend Fund (NSDVX) and JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX). 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.

	NSDVX	UBVSX	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.06	+0.76
Sortino ratio: Return per unit of downside risk	2.76	1.69	+1.07
Omega ratio: Gain probability vs. loss probability	1.32	1.19	+0.13
Calmar ratio: Return relative to maximum drawdown	2.54	1.70	+0.85
Martin ratio: Return relative to average drawdown	7.60	4.84	+2.76

NSDVX vs. UBVSX - Sharpe Ratio Comparison

The current NSDVX Sharpe Ratio is 1.82, which is higher than the UBVSX Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of NSDVX and UBVSX, 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

NSDVX vs. UBVSX - Drawdown Comparison

The maximum NSDVX drawdown since its inception was -38.64%, smaller than the maximum UBVSX drawdown of -52.19%. Use the drawdown chart below to compare losses from any high point for NSDVX and UBVSX.

Drawdown Indicators

	NSDVX	UBVSX	Difference
Max Drawdown Largest peak-to-trough decline	-38.64%	-52.19%	+13.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.48%	-10.36%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-16.41%	-21.48%	+5.07%
Max Drawdown (5Y) Largest decline over 5 years	-21.27%	-21.48%	+0.21%
Max Drawdown (10Y) Largest decline over 10 years	-38.64%	-52.19%	+13.55%
Current Drawdown Current decline from peak	-2.21%	-3.03%	+0.82%
Average Drawdown Average peak-to-trough decline	-6.48%	-6.21%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.62%	-0.12%

Volatility

NSDVX vs. UBVSX - Volatility Comparison

The current volatility for North Star Dividend Fund (NSDVX) is 3.73%, while JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX) has a volatility of 5.24%. This indicates that NSDVX experiences smaller price fluctuations and is considered to be less risky than UBVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NSDVX	UBVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	5.24%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	11.19%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.68%	16.59%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	20.11%	-4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.75%	24.57%	-6.82%

NSDVX vs. UBVSX - Expense Ratio Comparison

NSDVX has a 1.37% expense ratio, which is higher than UBVSX's 0.99% expense ratio.

Dividends

NSDVX vs. UBVSX - Dividend Comparison

NSDVX's dividend yield for the trailing twelve months is around 2.75%, less than UBVSX's 8.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NSDVX North Star Dividend Fund	2.75%	3.45%	7.00%	2.52%	6.57%	3.31%	1.52%	2.64%	6.87%	2.48%	4.67%	3.51%
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I	8.20%	9.35%	7.36%	8.30%	8.89%	3.34%	0.90%	4.85%	11.46%	4.53%	3.11%	3.69%

Frequently Asked Questions

Can I hold both NSDVX and UBVSX in my portfolio?

NSDVX and UBVSX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NSDVX or UBVSX?

UBVSX has higher volatility (5.24%) compared to NSDVX (3.73%). In terms of maximum drawdown, NSDVX dropped -38.64% vs UBVSX's -52.19%.

Which has better risk-adjusted returns?

NSDVX currently has the higher Sharpe Ratio (1.82 vs 1.06), 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.