- ISIN
- US8841161040
- CUSIP
- 884116104
- Issuer
- Third Avenue
- Inception Date
- Oct 31, 1990
- Category
- Global Equities
- Min. Investment
- $10,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-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
TAVFX Performance Chart
Third Avenue Value Fund (TAVFX) is up 11.3% since the beginning of the year. TAVFX is currently trading at $81 per share. Investors who bought $1,000 worth of TAVFX shares 5 years ago would now be looking at an investment worth $2,052.
Loading charts...
Returns By Period
Third Avenue Value Fund (TAVFX) has returned 11.26% so far this year and 38.61% over the past 12 months. Over the last ten years, TAVFX has returned 10.63% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Third Avenue Value Fund
- 1D
- -0.90%
- 1M
- -1.78%
- YTD
- 11.26%
- 6M
- 11.70%
- 1Y
- 38.61%
- 3Y*
- 17.25%
- 5Y*
- 15.46%
- 10Y*
- 10.63%
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%
TAVFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1991, TAVFX's average daily return is +0.06%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +21.7%, while the worst month was Mar 2020 at -31.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TAVFX closed higher 53% of trading days. The best single day was Mar 13, 2025 with a return of +166.5%, while the worst single day was Mar 12, 2025 at -62.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.78% | 5.67% | -5.80% | 5.14% | 1.47% | -2.80% | 11.26% | ||||||
| 2025 | 3.50% | 0.13% | -0.37% | 0.45% | 4.63% | 4.15% | -0.06% | 8.56% | 3.09% | 0.74% | 3.58% | 3.05% | 35.93% |
| 2024 | -0.82% | 1.42% | 7.95% | -1.33% | 3.85% | -4.00% | 3.64% | -1.08% | -1.23% | -6.46% | 0.40% | -3.95% | -2.43% |
| 2023 | 13.10% | -1.54% | -2.41% | 0.56% | -5.21% | 8.75% | 5.62% | -6.08% | -1.59% | -5.90% | 6.73% | 8.87% | 20.26% |
| 2022 | 4.80% | 2.81% | 6.62% | -4.50% | 5.98% | -13.55% | 2.50% | -1.57% | -8.33% | 14.28% | 9.80% | 0.74% | 17.46% |
| 2021 | 1.23% | 13.63% | 4.37% | 6.41% | 4.30% | -5.99% | -3.08% | 1.17% | 0.06% | 1.08% | -5.71% | 4.50% | 22.39% |
Benchmark Metrics
Third Avenue Value Fund has an annualized alpha of 6.73%, beta of 0.76, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since January 02, 1991.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (95.68%) than losses (89.90%) - typical of diversified or defensive assets.
- R2 of 0.15 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
- 6.73%
- Beta
- 0.76
- R²
- 0.15
- Upside Capture
- 95.68%
- Downside Capture
- 89.90%
Expense Ratio
TAVFX has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TAVFX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Third Avenue Value Fund (TAVFX) 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.
| TAVFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.78 | +0.44 |
| Martin ratioReturn relative to average drawdown | 12.85 | 12.44 | +0.41 |
Dividends
Dividend History
Third Avenue Value Fund provided a 6.23% dividend yield over the last twelve months, with an annual payout of $5.06 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.06 | $5.06 | $5.67 | $2.89 | $3.19 | $1.90 | $0.30 | $2.39 | $1.68 | $1.61 | $4.15 | $4.05 |
Dividend yield | 6.23% | 6.93% | 9.86% | 4.48% | 5.67% | 3.74% | 0.70% | 5.95% | 4.45% | 3.03% | 8.24% | 8.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Third Avenue 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 | $5.06 | $5.06 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.67 | $5.67 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.89 | $2.89 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.19 | $3.19 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.90 | $1.90 |
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 Third Avenue 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 Third Avenue Value Fund was 66.11%, occurring on Mar 12, 2025. Recovery took 91 trading sessions.
The current Third Avenue Value Fund drawdown is 4.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -66.11%Mar 2025 | 9mo 25d | 4mo 13d | 1y 2moMay 2024 - Jul 2025 |
Financial crisis2007–2009 | -61.36%Mar 2009 | 1y 4mo | 5y 23d | 6y 5moNov 2007 - Mar 2014 |
COVID crash2020 | -60.36%Mar 2020 | 2y 1mo | 11mo 7d | 3y 25dJan 2018 - Feb 2021 |
Dot-com crash2000–2002 | -31.13%Oct 2002 | 4mo 22d | 11mo 13d | 1y 4moMay 2002 - Sep 2003 |
2016 bear market2016 | -26.60%Feb 2016 | 7mo 22d | 10mo | 1y 5moJun 2015 - Dec 2016 |
Drawdown Indicators
| TAVFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.11% | -56.78% | -9.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -9.10% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -66.11% | -18.90% | -47.21% |
Max Drawdown (5Y)Largest decline over 5 years | -66.11% | -25.43% | -40.68% |
Max Drawdown (10Y)Largest decline over 10 years | -66.11% | -33.92% | -32.19% |
Current DrawdownCurrent decline from peak | -4.32% | -1.80% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -10.71% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.03% | +0.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with TAVFX
Add Third Avenue 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 TAVFX