UBVFX vs. NFJEX

Last updated Jul 17, 2026

UBVFX (Undiscovered Managers Behavioral Value Fund Class R6) and NFJEX (Virtus NFJ Dividend Value Fund) are both Large Cap Value Equities funds. Over the past 10 years, UBVFX returned 10.72%/yr vs 9.82%/yr for NFJEX. Their correlation of 0.82 suggests significant overlap in exposure. UBVFX charges 0.80%/yr vs 0.70%/yr for NFJEX.

Performance

UBVFX vs. NFJEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Undiscovered Managers Behavioral Value Fund Class R6 (UBVFX) and Virtus NFJ Dividend Value Fund (NFJEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBVFX achieves a 14.07% return, which is significantly lower than NFJEX's 22.28% return. Over the past 10 years, UBVFX has outperformed NFJEX with an annualized return of 10.72%, while NFJEX has yielded a comparatively lower 9.82% annualized return.

UBVFX

• 1D: 0.57%
• 1M: 3.58%
• 6M: 8.01%
• YTD: 14.07%
• 1Y: 16.70%
• 3Y*: 13.58%
• 5Y*: 10.56%
• 10Y*: 10.72%

NFJEX

• 1D: 0.49%
• 1M: 2.10%
• 6M: 17.96%
• YTD: 22.28%
• 1Y: 30.62%
• 3Y*: 14.97%
• 5Y*: 9.87%
• 10Y*: 9.82%

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

UBVFX vs. NFJEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UBVFX Undiscovered Managers Behavioral Value Fund Class R6	14.07%	1.89%	13.22%	14.81%	-1.08%	34.40%	3.60%	23.42%	-15.16%	13.53%
NFJEX Virtus NFJ Dividend Value Fund	22.28%	8.46%	5.29%	19.79%	-13.63%	28.90%	-2.13%	25.12%	-10.15%	15.49%

Correlation

The correlation between UBVFX and NFJEX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.82

The correlation between UBVFX and NFJEX has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

Return for Risk

UBVFX vs. NFJEX — Risk / Return Rank

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

UBVFX

UBVFX Risk / Return Rank: 23
UBVFX Sharpe Ratio Rank: 20
UBVFX Sortino Ratio Rank: 24
UBVFX Omega Ratio Rank: 20
UBVFX Calmar Ratio Rank: 28
UBVFX Martin Ratio Rank: 24

NFJEX

NFJEX Risk / Return Rank: 88
NFJEX Sharpe Ratio Rank: 87
NFJEX Sortino Ratio Rank: 86
NFJEX Omega Ratio Rank: 81
NFJEX Calmar Ratio Rank: 93
NFJEX 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.

UBVFX vs. NFJEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Undiscovered Managers Behavioral Value Fund Class R6 (UBVFX) and Virtus NFJ Dividend Value Fund (NFJEX). 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.

	UBVFX	NFJEX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	2.39	-1.34
Sortino ratio: Return per unit of downside risk	1.68	3.45	-1.78
Omega ratio: Gain probability vs. loss probability	1.19	1.42	-0.23
Calmar ratio: Return relative to maximum drawdown	1.67	4.23	-2.56
Martin ratio: Return relative to average drawdown	4.67	14.53	-9.86

UBVFX vs. NFJEX - Sharpe Ratio Comparison

The current UBVFX Sharpe Ratio is 1.05, which is lower than the NFJEX Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of UBVFX and NFJEX, 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

UBVFX vs. NFJEX - Drawdown Comparison

The maximum UBVFX drawdown since its inception was -52.01%, smaller than the maximum NFJEX drawdown of -61.94%. Use the drawdown chart below to compare losses from any high point for UBVFX and NFJEX.

Drawdown Indicators

	UBVFX	NFJEX	Difference
Max Drawdown Largest peak-to-trough decline	-52.01%	-61.94%	+9.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	-7.38%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-21.44%	-19.69%	-1.75%
Max Drawdown (5Y) Largest decline over 5 years	-21.44%	-23.29%	+1.85%
Max Drawdown (10Y) Largest decline over 10 years	-52.01%	-39.25%	-12.76%
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-6.16%	-9.57%	+3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	2.15%	+1.54%

Volatility

UBVFX vs. NFJEX - Volatility Comparison

Undiscovered Managers Behavioral Value Fund Class R6 (UBVFX) has a higher volatility of 4.57% compared to Virtus NFJ Dividend Value Fund (NFJEX) at 2.24%. This indicates that UBVFX's price experiences larger fluctuations and is considered to be riskier than NFJEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBVFX	NFJEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	2.24%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	10.92%	9.64%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	16.57%	13.19%	+3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	16.55%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.54%	18.04%	+6.50%

UBVFX vs. NFJEX - Expense Ratio Comparison

UBVFX has a 0.80% expense ratio, which is higher than NFJEX's 0.70% expense ratio.

Dividends

UBVFX vs. NFJEX - Dividend Comparison

UBVFX's dividend yield for the trailing twelve months is around 8.32%, less than NFJEX's 10.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NFJEX Virtus NFJ Dividend Value Fund	10.07%	12.61%	3.51%	14.16%	19.01%	6.43%	1.96%	14.20%	27.33%	27.35%	6.05%	2.77%
UBVFX Undiscovered Managers Behavioral Value Fund Class R6	8.32%	9.49%	7.47%	8.43%	9.05%	3.53%	1.08%	5.07%	11.74%	4.75%	3.31%	3.87%

Frequently Asked Questions

Can I hold both UBVFX and NFJEX in my portfolio?

UBVFX and NFJEX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UBVFX or NFJEX?

UBVFX has higher volatility (4.57%) compared to NFJEX (2.24%). In terms of maximum drawdown, UBVFX dropped -52.01% vs NFJEX's -61.94%.

Which has better risk-adjusted returns?

NFJEX currently has the higher Sharpe Ratio (2.39 vs 1.05), 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.