UBVSX vs. VSMVX
UBVSX (JPMorgan Undiscovered Managers Behavioral Value Fund Class I) and VSMVX (Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares) are both Small Cap Value Equities funds. Over the past 10 years, UBVSX returned 9.79%/yr vs 10.25%/yr for VSMVX. Their correlation of 0.95 suggests significant overlap in exposure. UBVSX charges 0.99%/yr vs 0.08%/yr for VSMVX.
Performance
UBVSX vs. VSMVX - Performance Comparison
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Returns By Period
In the year-to-date period, UBVSX achieves a 6.41% return, which is significantly lower than VSMVX's 15.25% return. Both investments have delivered pretty close results over the past 10 years, with UBVSX having a 9.79% annualized return and VSMVX not far ahead at 10.25%.
UBVSX
- 1D
- -1.00%
- 1M
- -0.01%
- YTD
- 6.41%
- 6M
- 7.81%
- 1Y
- 14.32%
- 3Y*
- 12.37%
- 5Y*
- 6.96%
- 10Y*
- 9.79%
VSMVX
- 1D
- -1.15%
- 1M
- 1.16%
- YTD
- 15.25%
- 6M
- 15.26%
- 1Y
- 37.71%
- 3Y*
- 14.11%
- 5Y*
- 5.71%
- 10Y*
- 10.25%
UBVSX vs. VSMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I | 6.41% | 1.70% | 13.03% | 14.59% | -1.26% | 34.05% | 3.35% | 23.11% | -15.37% | 13.26% |
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 15.25% | 6.38% | 7.53% | 14.85% | -11.12% | 30.85% | 2.79% | 24.47% | -12.67% | 11.64% |
Correlation
The correlation between UBVSX and VSMVX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014 | 0.95 |
The correlation between UBVSX and VSMVX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
UBVSX vs. VSMVX — Risk / Return Rank
UBVSX
VSMVX
UBVSX vs. VSMVX - 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 Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX). 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.
| UBVSX | VSMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 4.02 | -2.70 |
| Martin ratioReturn relative to average drawdown | 3.64 | 13.23 | -9.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UBVSX | VSMVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 2.05 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.26 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.43 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.50 | -0.10 |
Drawdowns
UBVSX vs. VSMVX - Drawdown Comparison
The maximum UBVSX drawdown since its inception was -52.19%, which is greater than VSMVX's maximum drawdown of -47.61%. Use the drawdown chart below to compare losses from any high point for UBVSX and VSMVX.
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Drawdown Indicators
| UBVSX | VSMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.19% | -47.61% | -4.58% |
Max Drawdown (1Y)Largest decline over 1 year | -10.36% | -9.33% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.48% | -28.81% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -28.81% | +7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -52.19% | -47.61% | -4.58% |
Current DrawdownCurrent decline from peak | -3.08% | -1.15% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -7.64% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 2.83% | +0.90% |
Volatility
UBVSX vs. VSMVX - Volatility Comparison
JPMorgan Undiscovered Managers Behavioral Value Fund Class I (UBVSX) and Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) have volatilities of 4.28% and 4.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBVSX | VSMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 4.44% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 11.58% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.71% | 18.34% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.34% | 22.02% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 24.13% | +0.48% |
UBVSX vs. VSMVX - Expense Ratio Comparison
UBVSX has a 0.99% expense ratio, which is higher than VSMVX's 0.08% expense ratio.
Dividends
UBVSX vs. VSMVX - Dividend Comparison
UBVSX's dividend yield for the trailing twelve months is around 8.79%, more than VSMVX's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBVSX JPMorgan Undiscovered Managers Behavioral Value Fund Class I | 8.79% | 9.35% | 7.36% | 8.30% | 8.89% | 3.34% | 0.90% | 4.85% | 11.46% | 4.53% | 3.11% | 3.69% |
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 1.65% | 1.45% | 1.85% | 1.92% | 1.88% | 1.66% | 1.46% | 1.65% | 1.89% | 1.55% | 1.26% | 1.42% |
Frequently Asked Questions
With a correlation of 0.91, UBVSX and VSMVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VSMVX has higher volatility (4.44%) compared to UBVSX (4.28%). In terms of maximum drawdown, UBVSX dropped -52.19% vs VSMVX's -47.61%.
VSMVX currently has the higher Sharpe Ratio (2.05 vs 0.82), 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.
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