OLVAX vs. VIVIX

Last updated Jun 24, 2026

OLVAX (JPMorgan Large Cap Value Fund Class A) and VIVIX (Vanguard Value Index Fund Institutional Shares) are both Large Cap Value Equities funds. Over the past 10 years, OLVAX returned 14.08%/yr vs 13.01%/yr for VIVIX. With a 0.97 correlation, they move nearly in lockstep. OLVAX charges 0.93%/yr vs 0.04%/yr for VIVIX.

Performance

OLVAX vs. VIVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Large Cap Value Fund Class A (OLVAX) and Vanguard Value Index Fund Institutional Shares (VIVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OLVAX achieves a 8.98% return, which is significantly lower than VIVIX's 15.10% return. Over the past 10 years, OLVAX has outperformed VIVIX with an annualized return of 14.08%, while VIVIX has yielded a comparatively lower 13.01% annualized return.

OLVAX

• 1D: 0.00%
• 1M: 3.52%
• YTD: 8.98%
• 6M: 8.03%
• 1Y: 23.42%
• 3Y*: 20.34%
• 5Y*: 12.46%
• 10Y*: 14.08%

VIVIX

• 1D: 0.97%
• 1M: 3.70%
• YTD: 15.10%
• 6M: 14.55%
• 1Y: 27.91%
• 3Y*: 18.88%
• 5Y*: 12.51%
• 10Y*: 13.01%

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

OLVAX vs. VIVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OLVAX JPMorgan Large Cap Value Fund Class A	8.98%	15.40%	26.56%	11.05%	-0.35%	23.30%	10.24%	27.12%	-15.41%	17.45%
VIVIX Vanguard Value Index Fund Institutional Shares	15.10%	15.30%	15.99%	9.23%	-2.05%	26.50%	2.30%	25.83%	-5.44%	17.14%

Correlation

The correlation between OLVAX and VIVIX is 0.91, 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	0.91
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	0.93
Correlation (All Time) Calculated using the full available price history since Jul 2, 1998	0.97

The correlation between OLVAX and VIVIX has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.

Return for Risk

OLVAX vs. VIVIX — Risk / Return Rank

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

OLVAX

OLVAX Risk / Return Rank: 47
OLVAX Sharpe Ratio Rank: 48
OLVAX Sortino Ratio Rank: 48
OLVAX Omega Ratio Rank: 45
OLVAX Calmar Ratio Rank: 51
OLVAX Martin Ratio Rank: 43

VIVIX

VIVIX Risk / Return Rank: 89
VIVIX Sharpe Ratio Rank: 91
VIVIX Sortino Ratio Rank: 88
VIVIX Omega Ratio Rank: 82
VIVIX Calmar Ratio Rank: 92
VIVIX Martin Ratio Rank: 91

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.

OLVAX vs. VIVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Value Fund Class A (OLVAX) and Vanguard Value Index Fund Institutional Shares (VIVIX). 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	VIVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.80	-0.89
Sortino ratio: Return per unit of downside risk	2.68	3.96	-1.28
Omega ratio: Gain probability vs. loss probability	1.33	1.50	-0.17
Calmar ratio: Return relative to maximum drawdown	2.61	4.55	-1.94
Martin ratio: Return relative to average drawdown	8.66	17.11	-8.45

OLVAX vs. VIVIX - Sharpe Ratio Comparison

The current OLVAX Sharpe Ratio is 1.91, which is lower than the VIVIX Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of OLVAX and VIVIX, 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

OLVAX vs. VIVIX - Drawdown Comparison

The maximum OLVAX drawdown since its inception was -60.15%, roughly equal to the maximum VIVIX drawdown of -59.30%. Use the drawdown chart below to compare losses from any high point for OLVAX and VIVIX.

Drawdown Indicators

	OLVAX	VIVIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.15%	-59.30%	-0.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.37%	-6.36%	-3.01%
Max Drawdown (3Y) Largest decline over 3 years	-16.18%	-14.40%	-1.78%
Max Drawdown (5Y) Largest decline over 5 years	-18.49%	-17.12%	-1.37%
Max Drawdown (10Y) Largest decline over 10 years	-43.20%	-36.80%	-6.40%
Current Drawdown Current decline from peak	-0.42%	0.00%	-0.42%
Average Drawdown Average peak-to-trough decline	-9.81%	-9.24%	-0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	1.69%	+1.13%

Volatility

OLVAX vs. VIVIX - Volatility Comparison

JPMorgan Large Cap Value Fund Class A (OLVAX) has a higher volatility of 4.65% compared to Vanguard Value Index Fund Institutional Shares (VIVIX) at 3.36%. This indicates that OLVAX's price experiences larger fluctuations and is considered to be riskier than VIVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OLVAX	VIVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	3.36%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	9.74%	7.87%	+1.87%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	10.37%	+2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	13.91%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	16.76%	+3.61%

OLVAX vs. VIVIX - Expense Ratio Comparison

OLVAX has a 0.93% expense ratio, which is higher than VIVIX's 0.04% expense ratio.

Dividends

OLVAX vs. VIVIX - Dividend Comparison

OLVAX's dividend yield for the trailing twelve months is around 6.92%, more than VIVIX's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OLVAX JPMorgan Large Cap Value Fund Class A	6.92%	7.60%	19.97%	5.09%	5.43%	7.79%	0.81%	1.11%	8.65%	8.87%	5.56%	14.94%
VIVIX Vanguard Value Index Fund Institutional Shares	1.82%	2.04%	2.31%	2.46%	2.52%	2.15%	2.55%	2.50%	2.73%	2.30%	2.46%	2.61%

Frequently Asked Questions

Can I hold both OLVAX and VIVIX in my portfolio?

With a correlation of 0.91, OLVAX and VIVIX 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, OLVAX or VIVIX?

OLVAX has higher volatility (4.65%) compared to VIVIX (3.36%). In terms of maximum drawdown, OLVAX dropped -60.15% vs VIVIX's -59.30%.

Which has better risk-adjusted returns?

VIVIX currently has the higher Sharpe Ratio (2.80 vs 1.91), 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.