PMJIX vs. JMCRX

Last updated Apr 2, 2026

Compare and contrast key facts about PIMCO RAE US Small Fund (PMJIX) and James Micro Cap Fund (JMCRX).

PMJIX is managed by PIMCO. It was launched on Jun 5, 2015. JMCRX is managed by James Advantage. It was launched on Jul 1, 2010.

Performance

PMJIX vs. JMCRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO RAE US Small Fund (PMJIX) and James Micro Cap Fund (JMCRX). The values are adjusted to include any dividend payments, if applicable.

PMJIX vs. JMCRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PMJIX PIMCO RAE US Small Fund	1.03%	5.11%	22.05%	19.77%	-4.62%	39.15%	6.95%	20.22%	-11.69%	9.22%
JMCRX James Micro Cap Fund	6.13%	4.37%	5.95%	31.72%	-17.33%	36.27%	-4.21%	30.55%	-16.62%	2.88%

Returns By Period

In the year-to-date period, PMJIX achieves a 1.03% return, which is significantly lower than JMCRX's 6.13% return. Over the past 10 years, PMJIX has outperformed JMCRX with an annualized return of 12.26%, while JMCRX has yielded a comparatively lower 8.38% annualized return.

PMJIX

• 1D: 2.00%
• 1M: -4.24%
• YTD: 1.03%
• 6M: 2.69%
• 1Y: 15.30%
• 3Y*: 15.55%
• 5Y*: 9.68%
• 10Y*: 12.26%

JMCRX

• 1D: 2.66%
• 1M: -2.81%
• YTD: 6.13%
• 6M: 7.61%
• 1Y: 22.51%
• 3Y*: 13.68%
• 5Y*: 7.51%
• 10Y*: 8.38%

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

PMJIX vs. JMCRX - Expense Ratio Comparison

PMJIX has a 0.50% expense ratio, which is lower than JMCRX's 1.51% expense ratio.

JMCRX

James Micro Cap Fund

PMJIX

PIMCO RAE US Small Fund

Return for Risk

PMJIX vs. JMCRX — Risk / Return Rank

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

PMJIX

PMJIX Risk / Return Rank: 30
PMJIX Sharpe Ratio Rank: 28
PMJIX Sortino Ratio Rank: 31
PMJIX Omega Ratio Rank: 26
PMJIX Calmar Ratio Rank: 31
PMJIX Martin Ratio Rank: 33

JMCRX

JMCRX Risk / Return Rank: 54
JMCRX Sharpe Ratio Rank: 50
JMCRX Sortino Ratio Rank: 55
JMCRX Omega Ratio Rank: 42
JMCRX Calmar Ratio Rank: 73
JMCRX Martin Ratio Rank: 50

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.

PMJIX vs. JMCRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE US Small Fund (PMJIX) and James Micro Cap Fund (JMCRX). 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.

	PMJIX	JMCRX	Difference
Sharpe ratio Return per unit of total volatility	0.72	1.04	-0.32
Sortino ratio Return per unit of downside risk	1.16	1.61	-0.45
Omega ratio Gain probability vs. loss probability	1.15	1.20	-0.05
Calmar ratio Return relative to maximum drawdown	0.94	1.88	-0.94
Martin ratio Return relative to average drawdown	3.76	5.55	-1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMJIX vs. JMCRX - Sharpe Ratio Comparison

The current PMJIX Sharpe Ratio is 0.72, which is lower than the JMCRX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of PMJIX and JMCRX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PMJIX	JMCRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	1.04	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.36	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.39	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.47	-0.15

Correlation

The correlation between PMJIX and JMCRX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PMJIX vs. JMCRX - Dividend Comparison

PMJIX's dividend yield for the trailing twelve months is around 3.12%, more than JMCRX's 0.96% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PMJIX PIMCO RAE US Small Fund	3.12%	3.15%	3.26%	1.25%	9.91%	65.79%	9.46%	1.55%	7.65%	4.69%	1.24%	1.67%
JMCRX James Micro Cap Fund	0.96%	1.02%	1.43%	0.63%	9.14%	3.84%	0.53%	6.35%	6.71%	7.80%	0.00%	0.09%

Drawdowns

PMJIX vs. JMCRX - Drawdown Comparison

The maximum PMJIX drawdown since its inception was -49.75%, which is greater than JMCRX's maximum drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for PMJIX and JMCRX.

Drawdown Indicators

	PMJIX	JMCRX	Difference
Max Drawdown Largest peak-to-trough decline	-49.75%	-46.65%	-3.10%
Max Drawdown (1Y) Largest decline over 1 year	-14.85%	-12.23%	-2.62%
Max Drawdown (5Y) Largest decline over 5 years	-49.75%	-26.90%	-22.85%
Max Drawdown (10Y) Largest decline over 10 years	-49.75%	-46.65%	-3.10%
Current Drawdown Current decline from peak	-9.91%	-4.38%	-5.53%
Average Drawdown Average peak-to-trough decline	-16.44%	-7.49%	-8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	4.13%	-0.44%

Volatility

PMJIX vs. JMCRX - Volatility Comparison

The current volatility for PIMCO RAE US Small Fund (PMJIX) is 5.31%, while James Micro Cap Fund (JMCRX) has a volatility of 6.22%. This indicates that PMJIX experiences smaller price fluctuations and is considered to be less risky than JMCRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PMJIX	JMCRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.31%	6.22%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	12.52%	13.16%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	22.29%	22.35%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.63%	20.90%	+18.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.08%	21.60%	+11.48%