VSIEX vs. JCMAX
VSIEX (JPMorgan International Equity Fund) and JCMAX (JPMorgan Mid Cap Equity Fund Class A) are both mutual funds - VSIEX is a Foreign Large Cap Equities fund managed by JPMorgan, while JCMAX is a Mid Cap Blend Equities fund managed by JPMorgan. Over the past 10 years, VSIEX returned 8.76%/yr vs 11.47%/yr for JCMAX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. VSIEX charges 0.70%/yr vs 1.14%/yr for JCMAX.
Performance
VSIEX vs. JCMAX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with VSIEX having a 9.89% return and JCMAX slightly higher at 9.96%. Over the past 10 years, VSIEX has underperformed JCMAX with an annualized return of 8.76%, while JCMAX has yielded a comparatively higher 11.47% annualized return.
VSIEX
- 1D
- -0.62%
- 1M
- 0.33%
- 6M
- 4.42%
- YTD
- 9.89%
- 1Y
- 18.83%
- 3Y*
- 13.49%
- 5Y*
- 6.41%
- 10Y*
- 8.76%
- ALL TIME*
- 8.09%
JCMAX
- 1D
- -0.25%
- 1M
- -0.61%
- 6M
- 6.83%
- YTD
- 9.96%
- 1Y
- 12.97%
- 3Y*
- 12.81%
- 5Y*
- 6.80%
- 10Y*
- 11.47%
- ALL TIME*
- 12.62%
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 |
VSIEX vs. JCMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSIEX JPMorgan International Equity Fund | 9.89% | 25.90% | 1.41% | 17.89% | -19.62% | 11.70% | 13.17% | 27.20% | -17.84% | 29.72% |
JCMAX JPMorgan Mid Cap Equity Fund Class A | 9.96% | 5.82% | 18.44% | 15.87% | -16.24% | 19.67% | 22.33% | 32.37% | -8.43% | 20.96% |
Correlation
The correlation between VSIEX and JCMAX is 0.69, 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. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2009 | 0.76 |
The correlation between VSIEX and JCMAX has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VSIEX vs. JCMAX — Risk / Return Rank
VSIEX
JCMAX
VSIEX vs. JCMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Equity Fund (VSIEX) and JPMorgan Mid Cap Equity Fund Class A (JCMAX). 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.
| VSIEX | JCMAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.43 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.65 | 5.35 | +0.30 |
Loading charts...
Drawdowns
VSIEX vs. JCMAX - Drawdown Comparison
The maximum VSIEX drawdown since its inception was -60.80%, which is greater than JCMAX's maximum drawdown of -38.33%. Use the drawdown chart below to compare losses from any high point for VSIEX and JCMAX.
Loading charts...
Drawdown Indicators
| VSIEX | JCMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.80% | -38.33% | -22.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -8.26% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -18.99% | +6.39% |
Max Drawdown (5Y)Largest decline over 5 years | -33.19% | -25.26% | -7.93% |
Max Drawdown (10Y)Largest decline over 10 years | -34.65% | -38.33% | +3.68% |
Current DrawdownCurrent decline from peak | -0.74% | -1.02% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -14.91% | -5.11% | -9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.21% | +1.11% |
Volatility
VSIEX vs. JCMAX - Volatility Comparison
JPMorgan International Equity Fund (VSIEX) has a higher volatility of 4.41% compared to JPMorgan Mid Cap Equity Fund Class A (JCMAX) at 2.57%. This indicates that VSIEX's price experiences larger fluctuations and is considered to be riskier than JCMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VSIEX | JCMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 2.57% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 9.35% | +4.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.13% | 12.57% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 17.36% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 19.54% | -2.58% |
VSIEX vs. JCMAX - Expense Ratio Comparison
VSIEX has a 0.70% expense ratio, which is lower than JCMAX's 1.14% expense ratio.
Dividends
VSIEX vs. JCMAX - Dividend Comparison
VSIEX's dividend yield for the trailing twelve months is around 5.84%, more than JCMAX's 5.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JCMAX JPMorgan Mid Cap Equity Fund Class A | 5.60% | 6.16% | 8.60% | 0.31% | 2.63% | 7.65% | 11.63% | 8.54% | 12.89% | 5.69% | 3.23% | 5.06% |
VSIEX JPMorgan International Equity Fund | 5.84% | 6.41% | 3.06% | 2.23% | 2.66% | 6.74% | 1.17% | 3.13% | 3.69% | 1.63% | 1.78% | 1.94% |
Frequently Asked Questions
VSIEX and JCMAX 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.
VSIEX has higher volatility (4.41%) compared to JCMAX (2.57%). In terms of maximum drawdown, VSIEX dropped -60.80% vs JCMAX's -38.33%.
VSIEX currently has the higher Sharpe Ratio (1.17 vs 0.94), 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.
Find the right allocation for VSIEX and JCMAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer