- ISIN
- US00769G3781
- CUSIP
- 00769G378
- Issuer
- BlackRock
- Inception Date
- Jun 24, 2014
- Category
- Global Equities, Low Volatility
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
LVAFX Performance Chart
LSV Global Managed Volatility Fund (LVAFX) is up 17.3% since the beginning of the year. LVAFX is currently trading at $13 per share. Investors who bought $1,000 worth of LVAFX shares 5 years ago would now be looking at an investment worth $1,556.
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Returns By Period
LSV Global Managed Volatility Fund (LVAFX) has returned 17.34% so far this year and 29.64% over the past 12 months. Over the last ten years, LVAFX has returned 8.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
LSV Global Managed Volatility Fund
- 1D
- 0.31%
- 1M
- 5.72%
- 6M
- 12.90%
- YTD
- 17.34%
- 1Y
- 29.64%
- 3Y*
- 14.26%
- 5Y*
- 9.25%
- 10Y*
- 8.15%
- ALL TIME*
- 7.57%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
LVAFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2015, LVAFX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +10.4%, while the worst month was Dec 2024 at -15.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, LVAFX closed higher 51% of trading days. The best single day was Dec 22, 2023 with a return of +10.7%, while the worst single day was Mar 12, 2020 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.93% | 4.56% | -3.87% | 4.70% | 2.78% | -2.07% | 6.57% | 17.34% | |||||
| 2025 | 3.08% | 3.08% | 0.75% | -0.46% | 2.89% | 1.90% | -0.80% | 4.74% | 0.77% | -0.68% | 3.76% | 1.49% | 22.33% |
| 2024 | 0.77% | 2.21% | 4.32% | -3.87% | 3.28% | -0.73% | 4.66% | 3.32% | 1.77% | -2.07% | 3.39% | -15.16% | 0.10% |
| 2023 | 3.21% | -2.76% | 1.46% | 1.62% | -3.99% | 4.52% | 1.86% | -1.39% | -1.41% | -2.32% | 4.84% | 4.27% | 9.81% |
| 2022 | 0.17% | -1.71% | 2.09% | -3.40% | 1.94% | -6.57% | 2.50% | -3.61% | -7.87% | 8.74% | 7.01% | -2.03% | -4.04% |
| 2021 | -0.20% | 1.17% | 6.86% | 2.08% | 3.63% | -0.60% | 0.60% | 1.54% | -3.03% | 1.82% | -3.24% | 5.98% | 17.36% |
Benchmark Metrics
LSV Global Managed Volatility Fund has an annualized alpha of 0.61%, beta of 0.60, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since January 02, 2015.
- This fund participated in 75.26% of S&P 500 Index downside but only 64.29% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.60 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.61%
- Beta
- 0.60
- R²
- 0.63
- Upside Capture
- 64.29%
- Downside Capture
- 75.26%
Expense Ratio
LVAFX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
LVAFX ranks 97 for risk / return — above 97% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for LSV Global Managed Volatility Fund (LVAFX) and compare them to S&P 500 Index.
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.
| LVAFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.25 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.01 | 2.00 | +3.01 |
| Martin ratioReturn relative to average drawdown | 17.92 | 8.49 | +9.43 |
Dividends
Dividend History
LSV Global Managed Volatility Fund provided a 8.67% dividend yield over the last twelve months, with an annual payout of $1.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.14 | $1.14 | $0.27 | $1.62 | $0.32 | $0.34 | $0.22 | $0.84 | $0.36 | $0.79 | $0.17 | $0.16 |
Dividend yield | 8.67% | 10.17% | 2.71% | 15.64% | 2.90% | 2.90% | 2.14% | 7.62% | 3.59% | 7.10% | 1.66% | 1.74% |
Monthly Dividends
The table displays the monthly dividend distributions for LSV Global Managed Volatility Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.14 | $1.14 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $1.62 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the LSV Global Managed Volatility Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the LSV Global Managed Volatility Fund was 33.69%, occurring on Mar 23, 2020. Recovery took 246 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-33.69%Mar 2020 | 2mo 2d | 11mo 27d | 1y 1moJan 2020 - Mar 2021 | COVID crash2020 |
-18.34%Sep 2022 | 8mo 15d | 1y 2mo | 1y 10moJan 2022 - Dec 2023 | Bear market2022 |
-17.52%Apr 2025 | 4mo 7d | 6mo 22d | 10mo 29dDec 2024 - Oct 2025 | 2025 selloff2025 |
-17.18%Jan 2016 | 8mo 26d | 6mo 22d | 1y 3moApr 2015 - Aug 2016 | — |
-14.69%Dec 2018 | 10mo 29d | 10mo 10d | 1y 9moJan 2018 - Oct 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| LVAFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -56.78% | +23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -5.76% | -9.10% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -17.52% | -18.90% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -18.34% | -25.43% | +7.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.69% | -33.92% | +0.23% |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -10.70% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.14% | -0.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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