RYDVX vs. JNVSX

Last updated Jun 4, 2026

RYDVX (Royce Dividend Value Fund) and JNVSX (Jensen Quality Value Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, RYDVX returned 10.64%/yr vs 10.91%/yr for JNVSX. Their correlation of 0.87 suggests significant overlap in exposure. RYDVX charges 1.34%/yr vs 1.05%/yr for JNVSX.

Performance

RYDVX vs. JNVSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce Dividend Value Fund (RYDVX) and Jensen Quality Value Fund (JNVSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYDVX achieves a 8.73% return, which is significantly higher than JNVSX's -0.36% return. Both investments have delivered pretty close results over the past 10 years, with RYDVX having a 10.64% annualized return and JNVSX not far ahead at 10.91%.

RYDVX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 8.73%
• 6M: 8.73%
• 1Y: 21.53%
• 3Y*: 17.50%
• 5Y*: 8.68%
• 10Y*: 10.64%

JNVSX

• 1D: -0.43%
• 1M: 1.30%
• YTD: -0.36%
• 6M: -1.20%
• 1Y: -2.19%
• 3Y*: 5.91%
• 5Y*: 8.27%
• 10Y*: 10.91%

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

RYDVX vs. JNVSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYDVX Royce Dividend Value Fund	8.73%	9.44%	19.41%	23.29%	-13.63%	20.00%	4.45%	30.00%	-16.33%	21.39%
JNVSX Jensen Quality Value Fund	-0.36%	-2.58%	9.40%	18.58%	-15.83%	60.71%	14.79%	27.58%	-9.03%	15.08%

Correlation

The correlation between RYDVX and JNVSX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Apr 1, 2010	0.87

The correlation between RYDVX and JNVSX shifts across timeframes, from 0.69 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYDVX vs. JNVSX — Risk / Return Rank

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

RYDVX

RYDVX Risk / Return Rank: 23
RYDVX Sharpe Ratio Rank: 20
RYDVX Sortino Ratio Rank: 25
RYDVX Omega Ratio Rank: 23
RYDVX Calmar Ratio Rank: 26
RYDVX Martin Ratio Rank: 21

JNVSX

JNVSX Risk / Return Rank: 2
JNVSX Sharpe Ratio Rank: 2
JNVSX Sortino Ratio Rank: 2
JNVSX Omega Ratio Rank: 2
JNVSX Calmar Ratio Rank: 2
JNVSX Martin Ratio Rank: 2

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.

RYDVX vs. JNVSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce Dividend Value Fund (RYDVX) and Jensen Quality Value Fund (JNVSX). 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.

	RYDVX	JNVSX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	-0.11	+1.37
Sortino ratio: Return per unit of downside risk	2.10	-0.07	+2.17
Omega ratio: Gain probability vs. loss probability	1.25	0.99	+0.26
Calmar ratio: Return relative to maximum drawdown	1.89	-0.13	+2.02
Martin ratio: Return relative to average drawdown	5.43	-0.27	+5.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYDVX vs. JNVSX - Sharpe Ratio Comparison

The current RYDVX Sharpe Ratio is 1.26, which is higher than the JNVSX Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of RYDVX and JNVSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYDVX	JNVSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	-0.11	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.41	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.57	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.58	-0.14

Drawdowns

RYDVX vs. JNVSX - Drawdown Comparison

The maximum RYDVX drawdown since its inception was -53.36%, which is greater than JNVSX's maximum drawdown of -34.52%. Use the drawdown chart below to compare losses from any high point for RYDVX and JNVSX.

Drawdown Indicators

	RYDVX	JNVSX	Difference
Max Drawdown Largest peak-to-trough decline	-53.36%	-34.52%	-18.84%
Max Drawdown (1Y) Largest decline over 1 year	-12.32%	-10.42%	-1.90%
Max Drawdown (3Y) Largest decline over 3 years	-21.45%	-17.43%	-4.02%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-24.56%	-2.79%
Max Drawdown (10Y) Largest decline over 10 years	-41.49%	-34.52%	-6.97%
Current Drawdown Current decline from peak	-4.32%	-8.86%	+4.54%
Average Drawdown Average peak-to-trough decline	-7.54%	-5.17%	-2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	5.25%	-0.98%

Volatility

RYDVX vs. JNVSX - Volatility Comparison

Royce Dividend Value Fund (RYDVX) has a higher volatility of 4.44% compared to Jensen Quality Value Fund (JNVSX) at 3.66%. This indicates that RYDVX's price experiences larger fluctuations and is considered to be riskier than JNVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYDVX	JNVSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.44%	3.66%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	9.23%	+2.58%
Volatility (1Y) Calculated over the trailing 1-year period	18.45%	12.71%	+5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.06%	20.46%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.71%	19.26%	+0.45%

RYDVX vs. JNVSX - Expense Ratio Comparison

RYDVX has a 1.34% expense ratio, which is higher than JNVSX's 1.05% expense ratio.

Dividends

RYDVX vs. JNVSX - Dividend Comparison

RYDVX's dividend yield for the trailing twelve months is around 170.15%, more than JNVSX's 11.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNVSX Jensen Quality Value Fund	11.25%	11.31%	6.15%	0.56%	2.69%	22.40%	1.27%	5.13%	6.15%	4.14%	1.34%	17.62%
RYDVX Royce Dividend Value Fund	170.15%	185.21%	21.24%	11.80%	0.57%	14.07%	5.55%	15.61%	14.15%	14.26%	10.48%	11.39%

Frequently Asked Questions

Can I hold both RYDVX and JNVSX in my portfolio?

RYDVX and JNVSX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYDVX or JNVSX?

RYDVX has higher volatility (4.44%) compared to JNVSX (3.66%). In terms of maximum drawdown, RYDVX dropped -53.36% vs JNVSX's -34.52%.

Which has better risk-adjusted returns?

RYDVX currently has the higher Sharpe Ratio (1.26 vs -0.11), 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.