- ISIN
- US00770X3522
- Issuer
- Pzena
- Inception Date
- Jul 1, 2018
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PZVIX Performance Chart
Pzena International Small Cap Value Fund (PZVIX) is up 3.8% since the beginning of the year. PZVIX is currently trading at $14 per share. Investors who bought $1,000 worth of PZVIX shares 5 years ago would now be looking at an investment worth $1,652.
Loading charts...
Returns By Period
Pzena International Small Cap Value Fund (PZVIX) has returned 3.82% so far this year and 17.46% over the past 12 months.
Pzena International Small Cap Value Fund
- 1D
- -0.43%
- 1M
- 0.65%
- YTD
- 3.82%
- 6M
- 4.21%
- 1Y
- 17.46%
- 3Y*
- 15.15%
- 5Y*
- 10.56%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PZVIX Monthly Returns History
Based on dividend-adjusted daily data since Jul 2, 2018, PZVIX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +22.1%, while the worst month was Mar 2020 at -30.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PZVIX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +8.9%, while the worst single day was Mar 12, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.94% | 3.57% | -12.74% | 6.31% | 4.08% | -1.07% | 3.82% | ||||||
| 2025 | 0.47% | 0.84% | 1.21% | 3.39% | 7.19% | 4.30% | 1.43% | 3.83% | 0.08% | -2.33% | 1.93% | 3.72% | 29.00% |
| 2024 | -2.05% | -0.00% | 5.28% | 0.43% | 6.54% | -5.17% | 4.77% | -0.16% | 2.77% | -5.39% | -0.17% | -1.14% | 5.02% |
| 2023 | 9.52% | 1.43% | -0.00% | 1.60% | -5.00% | 3.61% | 6.03% | -2.84% | -1.46% | -5.38% | 8.14% | 6.08% | 22.39% |
| 2022 | 1.48% | -2.05% | -1.29% | -3.53% | 4.18% | -11.03% | 2.93% | -2.74% | -8.00% | 6.12% | 12.69% | 2.33% | -1.11% |
| 2021 | 0.34% | 8.10% | 4.54% | 4.34% | 5.13% | -3.50% | 0.00% | 3.15% | -2.96% | 0.76% | -8.03% | 4.80% | 16.67% |
Benchmark Metrics
Pzena International Small Cap Value Fund has an annualized alpha of 2.23%, beta of 0.48, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since July 02, 2018.
- This fund participated in 102.53% of S&P 500 Index downside but only 82.02% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.48 may look defensive, but with R2 of 0.26 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.26 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.23%
- Beta
- 0.48
- R²
- 0.26
- Upside Capture
- 82.02%
- Downside Capture
- 102.53%
Expense Ratio
PZVIX has a high expense ratio of 1.45%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PZVIX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pzena International Small Cap Value Fund (PZVIX) 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.
| PZVIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.78 | -1.62 |
| Martin ratioReturn relative to average drawdown | 3.35 | 12.44 | -9.08 |
Dividends
Dividend History
Pzena International Small Cap Value Fund provided a 2.53% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.35 | $1.15 | $0.47 | $0.44 | $0.08 | $0.10 | $0.18 | $0.17 |
Dividend yield | 2.53% | 2.62% | 10.86% | 4.15% | 4.57% | 0.83% | 1.11% | 2.01% | 2.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Pzena International Small Cap Value 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $1.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Pzena International Small Cap Value 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 Pzena International Small Cap Value Fund was 56.15%, occurring on Mar 23, 2020. Recovery took 244 trading sessions.
The current Pzena International Small Cap Value Fund drawdown is 5.00%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -56.15%Mar 2020 | 1y 5mo | 11mo 23d | 2y 5moSep 2018 - Mar 2021 |
Bear market2022 | -26.33%Sep 2022 | 1y 3mo | 4mo | 1y 7moJun 2021 - Jan 2023 |
2025 selloff2025 | -15.97%Apr 2025 | 6mo 9d | 1mo 1d | 7mo 10dSep 2024 - May 2025 |
2026 correction2026 | -14.59%Mar 2026 | 1mo 7d | — | 4mo 12dFeb 2026 - now |
2023 correction2023 | -10.34%Oct 2023 | 2mo 27d | 1mo 19d | 4mo 16dJul 2023 - Dec 2023 |
Drawdown Indicators
| PZVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.15% | -56.78% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -9.10% | -5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.97% | -18.90% | +2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | -25.43% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.00% | -1.80% | -3.20% |
Average DrawdownAverage peak-to-trough decline | -10.01% | -10.71% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.04% | 2.03% | +3.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PZVIX
Add Pzena International Small Cap Value Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PZVIX