UBVSX vs. FCPVX

Last updated Aug 1, 2026

UBVSX (JPMorgan Undiscovered Managers Behavioral Value Fund Class I) and FCPVX (Fidelity Small Cap Value Fund) are both Small Cap Value Equities funds. Both are actively managed. Over the past 10 years, UBVSX returned 10.56%/yr vs 11.56%/yr for FCPVX. Their correlation of 0.93 means they have usually moved in the same direction. UBVSX charges 0.99%/yr vs 0.91%/yr for FCPVX.

Performance

UBVSX vs. FCPVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX) and Fidelity Small Cap Value Fund (FCPVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBVSX achieves a 14.85% return, which is significantly lower than FCPVX's 25.65% return. Over the past 10 years, UBVSX has underperformed FCPVX with an annualized return of 10.56%, while FCPVX has yielded a comparatively higher 11.56% annualized return.

UBVSX

• 1D: -1.88%
• 1M: 0.43%
• 6M: 9.87%
• YTD: 14.85%
• 1Y: 20.66%
• 3Y*: 11.26%
• 5Y*: 9.91%
• 10Y*: 10.56%
• ALL TIME*: 9.79%

FCPVX

• 1D: 0.32%
• 1M: -0.87%
• 6M: 19.78%
• YTD: 25.65%
• 1Y: 38.94%
• 3Y*: 15.82%
• 5Y*: 10.53%
• 10Y*: 11.56%
• ALL TIME*: 11.02%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FCPVX Fidelity Small Cap Value Fund	$0.00	$0.00	$0.00
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I	$0.00	$0.00	$0.00

UBVSX vs. FCPVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I	14.85%	1.70%	13.03%	14.59%	-1.26%	34.05%	3.35%	23.11%	-15.37%	13.26%
FCPVX Fidelity Small Cap Value Fund	25.65%	8.13%	9.41%	17.77%	-13.07%	38.08%	11.18%	20.86%	-15.47%	12.26%

Correlation

The correlation between UBVSX and FCPVX is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.89
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.93
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.93

The correlation between UBVSX and FCPVX shifts across timeframes, from 0.80 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UBVSX vs. FCPVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UBVSX

UBVSX Risk / Return Rank: 34
UBVSX Sharpe Ratio Rank: 31
UBVSX Sortino Ratio Rank: 36
UBVSX Omega Ratio Rank: 30
UBVSX Calmar Ratio Rank: 40
UBVSX Martin Ratio Rank: 32

FCPVX

FCPVX Risk / Return Rank: 85
FCPVX Sharpe Ratio Rank: 83
FCPVX Sortino Ratio Rank: 83
FCPVX Omega Ratio Rank: 78
FCPVX Calmar Ratio Rank: 91
FCPVX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UBVSX vs. FCPVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX) and Fidelity Small Cap Value Fund (FCPVX). 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.

	UBVSX	FCPVX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.96	-0.89
Sortino ratio: Return per unit of downside risk	1.70	2.92	-1.22
Omega ratio: Gain probability vs. loss probability	1.19	1.34	-0.15
Calmar ratio: Return relative to maximum drawdown	1.70	3.40	-1.70
Martin ratio: Return relative to average drawdown	4.86	12.16	-7.30

UBVSX vs. FCPVX - Sharpe Ratio Comparison

The current UBVSX Sharpe Ratio is 1.06, which is lower than the FCPVX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of UBVSX and FCPVX, 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

UBVSX vs. FCPVX - Drawdown Comparison

The maximum UBVSX drawdown since its inception was -52.19%, smaller than the maximum FCPVX drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for UBVSX and FCPVX.

Drawdown Indicators

	UBVSX	FCPVX	Difference
Max Drawdown Largest peak-to-trough decline	-52.19%	-57.65%	+5.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.36%	-10.31%	-0.05%
Max Drawdown (3Y) Largest decline over 3 years	-21.48%	-23.81%	+2.33%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	-23.81%	+2.33%
Max Drawdown (10Y) Largest decline over 10 years	-52.19%	-44.59%	-7.60%
Current Drawdown Current decline from peak	-2.42%	-2.37%	-0.05%
Average Drawdown Average peak-to-trough decline	-6.21%	-7.92%	+1.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	2.88%	+0.74%

Volatility

UBVSX vs. FCPVX - Volatility Comparison

JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX) has a higher volatility of 5.21% compared to Fidelity Small Cap Value Fund (FCPVX) at 4.26%. This indicates that UBVSX's price experiences larger fluctuations and is considered to be riskier than FCPVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBVSX	FCPVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	4.26%	+0.95%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	13.47%	-2.29%
Volatility (1Y) Calculated over the trailing 1-year period	16.63%	17.94%	-1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.11%	20.88%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.56%	22.33%	+2.23%

UBVSX vs. FCPVX - Expense Ratio Comparison

UBVSX has a 0.99% expense ratio, which is higher than FCPVX's 0.91% expense ratio.

Dividends

UBVSX vs. FCPVX - Dividend Comparison

UBVSX's dividend yield for the trailing twelve months is around 8.15%, which matches FCPVX's 8.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCPVX Fidelity Small Cap Value Fund	8.08%	10.15%	6.13%	5.20%	5.92%	7.95%	0.46%	3.49%	36.44%	3.64%	7.12%	11.09%
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I	8.15%	9.35%	7.36%	8.30%	8.89%	3.34%	0.90%	4.85%	11.46%	4.53%	3.11%	3.69%

Frequently Asked Questions

Can I hold both UBVSX and FCPVX in my portfolio?

UBVSX and FCPVX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UBVSX or FCPVX?

UBVSX has higher volatility (5.21%) compared to FCPVX (4.26%). In terms of maximum drawdown, UBVSX dropped -52.19% vs FCPVX's -57.65%.

Which has better risk-adjusted returns?

FCPVX currently has the higher Sharpe Ratio (1.96 vs 1.06), 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.