OLVAX vs. MALVX
OLVAX (JPMorgan Large Cap Value Fund Class A) and MALVX (BlackRock Advantage Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, OLVAX returned 13.65%/yr vs 12.73%/yr for MALVX. Their correlation of 0.93 suggests significant overlap in exposure. OLVAX charges 0.93%/yr vs 0.54%/yr for MALVX.
Performance
OLVAX vs. MALVX - Performance Comparison
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Returns By Period
In the year-to-date period, OLVAX achieves a 10.43% return, which is significantly lower than MALVX's 20.69% return. Over the past 10 years, OLVAX has outperformed MALVX with an annualized return of 13.65%, while MALVX has yielded a comparatively lower 12.73% annualized return.
OLVAX
- 1D
- 0.59%
- 1M
- 0.90%
- 6M
- 5.55%
- YTD
- 10.43%
- 1Y
- 21.77%
- 3Y*
- 19.44%
- 5Y*
- 13.57%
- 10Y*
- 13.65%
MALVX
- 1D
- 0.33%
- 1M
- 1.68%
- 6M
- 16.54%
- YTD
- 20.69%
- 1Y
- 35.79%
- 3Y*
- 20.87%
- 5Y*
- 13.04%
- 10Y*
- 12.73%
OLVAX vs. MALVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OLVAX JPMorgan Large Cap Value Fund Class A | 10.43% | 15.40% | 26.56% | 11.05% | -0.35% | 23.30% | 10.24% | 27.12% | -15.41% | 17.45% |
MALVX BlackRock Advantage Large Cap Value Fund | 20.69% | 18.38% | 15.39% | 13.74% | -8.68% | 26.51% | 3.91% | 24.74% | -7.74% | 15.82% |
Correlation
The correlation between OLVAX and MALVX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
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 Dec 22, 1999 | 0.93 |
The correlation between OLVAX and MALVX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
OLVAX vs. MALVX — Risk / Return Rank
OLVAX
MALVX
OLVAX vs. MALVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Value Fund Class A (OLVAX) and BlackRock Advantage Large Cap Value Fund (MALVX). 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.
| OLVAX | MALVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.60 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 5.56 | -3.16 |
| Martin ratioReturn relative to average drawdown | 7.99 | 25.33 | -17.34 |
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Drawdowns
OLVAX vs. MALVX - Drawdown Comparison
The maximum OLVAX drawdown since its inception was -60.15%, which is greater than MALVX's maximum drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for OLVAX and MALVX.
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Drawdown Indicators
| OLVAX | MALVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.15% | -55.21% | -4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.37% | -6.53% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -16.13% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -18.49% | -19.73% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -43.20% | -37.12% | -6.08% |
Current DrawdownCurrent decline from peak | -0.08% | -0.10% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -9.80% | -8.72% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.43% | +1.38% |
Volatility
OLVAX vs. MALVX - Volatility Comparison
JPMorgan Large Cap Value Fund Class A (OLVAX) and BlackRock Advantage Large Cap Value Fund (MALVX) have volatilities of 3.36% and 3.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OLVAX | MALVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.23% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 8.91% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 11.29% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 14.81% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.22% | 17.24% | +2.98% |
OLVAX vs. MALVX - Expense Ratio Comparison
OLVAX has a 0.93% expense ratio, which is higher than MALVX's 0.54% expense ratio.
Dividends
OLVAX vs. MALVX - Dividend Comparison
OLVAX's dividend yield for the trailing twelve months is around 6.76%, less than MALVX's 7.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MALVX BlackRock Advantage Large Cap Value Fund | 7.65% | 9.23% | 14.33% | 2.84% | 5.96% | 17.48% | 1.68% | 3.92% | 12.95% | 0.43% | 1.38% | 1.01% |
OLVAX JPMorgan Large Cap Value Fund Class A | 6.76% | 7.60% | 19.97% | 5.09% | 5.43% | 7.79% | 0.81% | 1.11% | 8.65% | 8.87% | 5.56% | 14.94% |
Frequently Asked Questions
With a correlation of 0.93, OLVAX and MALVX 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.
OLVAX has higher volatility (3.36%) compared to MALVX (3.23%). In terms of maximum drawdown, OLVAX dropped -60.15% vs MALVX's -55.21%.
MALVX currently has the higher Sharpe Ratio (3.24 vs 1.77), 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.
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