PZIEX vs. JEMSX
PZIEX (Pzena Emerging Markets Value Fund Institutional Class) and JEMSX (JPMorgan Emerging Markets Equity Fund Class I) are both Emerging Markets Equities funds. Over the past 10 years, PZIEX returned 11.00%/yr vs 9.80%/yr for JEMSX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PZIEX charges 1.08%/yr vs 0.99%/yr for JEMSX.
Performance
PZIEX vs. JEMSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PZIEX achieves a 11.34% return, which is significantly lower than JEMSX's 20.99% return. Over the past 10 years, PZIEX has outperformed JEMSX with an annualized return of 11.00%, while JEMSX has yielded a comparatively lower 9.80% annualized return.
PZIEX
- 1D
- 0.35%
- 1M
- 2.58%
- 6M
- -1.10%
- YTD
- 11.34%
- 1Y
- 28.39%
- 3Y*
- 16.01%
- 5Y*
- 11.78%
- 10Y*
- 11.00%
- ALL TIME*
- 9.21%
JEMSX
- 1D
- 4.24%
- 1M
- -4.53%
- 6M
- 9.76%
- YTD
- 20.99%
- 1Y
- 45.52%
- 3Y*
- 19.45%
- 5Y*
- 5.56%
- 10Y*
- 9.80%
- ALL TIME*
- 5.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PZIEX vs. JEMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 11.34% | 35.49% | 4.54% | 20.73% | -5.67% | 6.65% | 8.43% | 13.57% | -10.23% | 29.98% |
JEMSX JPMorgan Emerging Markets Equity Fund Class I | 20.99% | 40.13% | 3.39% | 7.21% | -25.77% | -10.36% | 34.73% | 31.96% | -16.02% | 42.49% |
Correlation
The correlation between PZIEX and JEMSX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.65 |
The correlation between PZIEX and JEMSX shifts across timeframes, from 0.47 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PZIEX vs. JEMSX — Risk / Return Rank
PZIEX
JEMSX
PZIEX vs. JEMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pzena Emerging Markets Value Fund Institutional Class (PZIEX) and JPMorgan Emerging Markets Equity Fund Class I (JEMSX). 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.
| PZIEX | JEMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.90 | -0.93 |
| Martin ratioReturn relative to average drawdown | 5.16 | 10.28 | -5.12 |
Loading charts...
Drawdowns
PZIEX vs. JEMSX - Drawdown Comparison
The maximum PZIEX drawdown since its inception was -44.59%, smaller than the maximum JEMSX drawdown of -62.07%. Use the drawdown chart below to compare losses from any high point for PZIEX and JEMSX.
Loading charts...
Drawdown Indicators
| PZIEX | JEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.59% | -62.07% | +17.48% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -14.85% | +2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.40% | -15.10% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.22% | -43.40% | +19.18% |
Max Drawdown (10Y)Largest decline over 10 years | -44.59% | -49.59% | +5.00% |
Current DrawdownCurrent decline from peak | -7.07% | -11.24% | +4.17% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -21.61% | +12.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 4.18% | +0.68% |
Volatility
PZIEX vs. JEMSX - Volatility Comparison
The current volatility for Pzena Emerging Markets Value Fund Institutional Class (PZIEX) is 4.14%, while JPMorgan Emerging Markets Equity Fund Class I (JEMSX) has a volatility of 10.61%. This indicates that PZIEX experiences smaller price fluctuations and is considered to be less risky than JEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PZIEX | JEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 10.61% | -6.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 22.38% | -8.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 24.77% | -8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 20.23% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.33% | 19.91% | -4.58% |
PZIEX vs. JEMSX - Expense Ratio Comparison
PZIEX has a 1.08% expense ratio, which is higher than JEMSX's 0.99% expense ratio.
Dividends
PZIEX vs. JEMSX - Dividend Comparison
PZIEX's dividend yield for the trailing twelve months is around 4.32%, more than JEMSX's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEMSX JPMorgan Emerging Markets Equity Fund Class I | 1.04% | 1.26% | 1.41% | 1.45% | 0.37% | 3.80% | 0.09% | 0.76% | 0.87% | 0.39% | 0.66% | 0.67% |
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 4.32% | 4.81% | 7.38% | 5.79% | 2.08% | 2.79% | 1.28% | 6.32% | 1.28% | 1.41% | 0.98% | 2.23% |
Frequently Asked Questions
PZIEX and JEMSX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JEMSX has higher volatility (10.61%) compared to PZIEX (4.14%). In terms of maximum drawdown, PZIEX dropped -44.59% vs JEMSX's -62.07%.
JEMSX currently has the higher Sharpe Ratio (1.74 vs 1.57), 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.
Find the right allocation for PZIEX and JEMSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer