VMVIX vs. FLMVX
VMVIX (Vanguard Mid-Cap Value Index Fund) and FLMVX (JPMorgan Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, VMVIX returned 10.64%/yr vs 10.69%/yr for FLMVX. Their 0.97 correlation means they have historically moved very closely together. VMVIX charges 0.19%/yr vs 0.75%/yr for FLMVX.
Performance
VMVIX vs. FLMVX - Performance Comparison
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Returns By Period
In the year-to-date period, VMVIX achieves a 16.53% return, which is significantly higher than FLMVX's 13.54% return. Both investments have delivered pretty close results over the past 10 years, with VMVIX having a 10.64% annualized return and FLMVX not far ahead at 10.69%.
VMVIX
- 1D
- -0.27%
- 1M
- 2.25%
- 6M
- 11.21%
- YTD
- 16.53%
- 1Y
- 25.78%
- 3Y*
- 14.86%
- 5Y*
- 9.85%
- 10Y*
- 10.64%
- ALL TIME*
- 9.32%
FLMVX
- 1D
- -0.17%
- 1M
- 1.26%
- 6M
- 9.09%
- YTD
- 13.54%
- 1Y
- 18.28%
- 3Y*
- 16.74%
- 5Y*
- 10.64%
- 10Y*
- 10.69%
- ALL TIME*
- 11.95%
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 |
VMVIX vs. FLMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMVIX Vanguard Mid-Cap Value Index Fund | 16.53% | 11.22% | 13.48% | 10.00% | -8.00% | 28.60% | 2.33% | 27.85% | -12.57% | 16.91% |
FLMVX JPMorgan Mid Cap Value Fund | 13.54% | 5.17% | 27.75% | 11.38% | -8.11% | 29.89% | 0.36% | 26.67% | -11.66% | 13.67% |
Correlation
The correlation between VMVIX and FLMVX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2006 | 0.97 |
The correlation between VMVIX and FLMVX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
VMVIX vs. FLMVX — Risk / Return Rank
VMVIX
FLMVX
VMVIX vs. FLMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Value Index Fund (VMVIX) and JPMorgan Mid Cap Value Fund (FLMVX). 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.
| VMVIX | FLMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.40 | +1.17 |
| Martin ratioReturn relative to average drawdown | 13.90 | 8.31 | +5.59 |
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Drawdowns
VMVIX vs. FLMVX - Drawdown Comparison
The maximum VMVIX drawdown since its inception was -61.61%, which is greater than FLMVX's maximum drawdown of -54.72%. Use the drawdown chart below to compare losses from any high point for VMVIX and FLMVX.
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Drawdown Indicators
| VMVIX | FLMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.61% | -54.72% | -6.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.96% | -7.19% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | -15.91% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.81% | -25.59% | +5.78% |
Max Drawdown (10Y)Largest decline over 10 years | -43.08% | -43.06% | -0.02% |
Current DrawdownCurrent decline from peak | -1.35% | -1.39% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -6.42% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.07% | -0.29% |
Volatility
VMVIX vs. FLMVX - Volatility Comparison
The current volatility for Vanguard Mid-Cap Value Index Fund (VMVIX) is 2.72%, while JPMorgan Mid Cap Value Fund (FLMVX) has a volatility of 3.58%. This indicates that VMVIX experiences smaller price fluctuations and is considered to be less risky than FLMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMVIX | FLMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.58% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 8.68% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.36% | 12.11% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 19.25% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 20.40% | -1.71% |
VMVIX vs. FLMVX - Expense Ratio Comparison
VMVIX has a 0.19% expense ratio, which is lower than FLMVX's 0.75% expense ratio.
Dividends
VMVIX vs. FLMVX - Dividend Comparison
VMVIX's dividend yield for the trailing twelve months is around 1.70%, less than FLMVX's 18.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLMVX JPMorgan Mid Cap Value Fund | 18.64% | 21.16% | 23.25% | 6.10% | 11.73% | 14.98% | 7.73% | 5.20% | 8.30% | 2.71% | 7.04% | 6.69% |
VMVIX Vanguard Mid-Cap Value Index Fund | 1.70% | 1.42% | 1.99% | 2.15% | 2.15% | 1.67% | 2.26% | 1.95% | 2.60% | 1.75% | 1.81% | 1.91% |
Frequently Asked Questions
With a correlation of 0.94, VMVIX and FLMVX 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.
FLMVX has higher volatility (3.58%) compared to VMVIX (2.72%). In terms of maximum drawdown, VMVIX dropped -61.61% vs FLMVX's -54.72%.
VMVIX currently has the higher Sharpe Ratio (2.19 vs 1.43), 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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