- ISIN
- US9045048421
- CUSIP
- 904504842
- Issuer
- BlackRock
- Inception Date
- Dec 28, 1998
- Category
- Small Cap Value Equities
- Min. Investment
- $3,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
UBVLX Performance Chart
Undiscovered Managers Behavioral Value Fund (UBVLX) is up 14.9% since the beginning of the year. UBVLX is currently trading at $90 per share. Investors who bought $1,000 worth of UBVLX shares 5 years ago would now be looking at an investment worth $1,611.
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Returns By Period
Undiscovered Managers Behavioral Value Fund (UBVLX) has returned 14.89% so far this year and 20.75% over the past 12 months. Over the last ten years, UBVLX has returned 10.69% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Undiscovered Managers Behavioral Value Fund
- 1D
- -1.89%
- 1M
- 0.42%
- 6M
- 9.90%
- YTD
- 14.89%
- 1Y
- 20.75%
- 3Y*
- 11.35%
- 5Y*
- 10.01%
- 10Y*
- 10.69%
- ALL TIME*
- 11.74%
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%
UBVLX Monthly Returns History
Based on dividend-adjusted daily data since Dec 28, 1998, UBVLX's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +24.0%, while the worst month was Mar 2020 at -28.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, UBVLX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +12.9%, while the worst single day was Mar 16, 2020 at -15.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.55% | 4.18% | -5.51% | 3.93% | 0.61% | 4.37% | 2.30% | 14.89% | |||||
| 2025 | 2.98% | -3.37% | -3.37% | -6.15% | 4.90% | 2.85% | 1.49% | 5.96% | -2.09% | -3.51% | 1.63% | 1.25% | 1.79% |
| 2024 | -2.13% | 2.50% | 6.04% | -4.88% | 3.71% | -3.02% | 10.51% | -0.78% | -0.84% | -1.13% | 8.94% | -5.07% | 13.11% |
| 2023 | 8.53% | -2.19% | -5.32% | -1.76% | -5.38% | 7.37% | 9.55% | -4.64% | -5.29% | -4.70% | 9.83% | 10.42% | 14.69% |
| 2022 | -0.20% | 4.32% | -0.56% | -4.81% | 3.74% | -9.94% | 7.80% | -2.77% | -9.96% | 13.52% | 4.23% | -3.85% | -1.16% |
| 2021 | 2.19% | 13.07% | 6.17% | 3.31% | 3.20% | -2.32% | -2.23% | 3.34% | -2.98% | 3.99% | -2.27% | 5.47% | 34.25% |
Benchmark Metrics
Undiscovered Managers Behavioral Value Fund has an annualized alpha of 5.46%, beta of 1.05, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since December 28, 1998.
- This fund captured 126.46% of S&P 500 Index gains and 102.11% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 5.46% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.05 and R2 of 0.68, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 5.46%
- Beta
- 1.05
- R²
- 0.68
- Upside Capture
- 126.46%
- Downside Capture
- 102.11%
Expense Ratio
UBVLX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UBVLX ranks 33 for risk / return — above 33% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Undiscovered Managers Behavioral Value Fund (UBVLX) 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.
| UBVLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.00 | -0.29 |
| Martin ratioReturn relative to average drawdown | 4.91 | 8.49 | -3.59 |
Dividends
Dividend History
Undiscovered Managers Behavioral Value Fund provided a 8.19% dividend yield over the last twelve months, with an annual payout of $7.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.37 | $7.37 | $6.22 | $6.66 | $6.78 | $2.87 | $0.63 | $3.13 | $6.21 | $3.26 | $2.09 | $2.09 |
Dividend yield | 8.19% | 9.41% | 7.39% | 8.35% | 8.96% | 3.44% | 0.99% | 4.98% | 11.62% | 4.67% | 3.24% | 3.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Undiscovered Managers Behavioral 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 | $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 | $7.37 | $7.37 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.22 | $6.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.66 | $6.66 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.78 | $6.78 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.87 | $2.87 |
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 Undiscovered Managers Behavioral 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 Undiscovered Managers Behavioral Value Fund was 67.24%, occurring on Mar 9, 2009. Recovery took 489 trading sessions.
The current Undiscovered Managers Behavioral Value Fund drawdown is 2.43%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-67.24%Mar 2009 | 1y 9mo | 1y 11mo | 3y 8moJun 2007 - Feb 2011 | Financial crisis2007–2009 |
-52.08%Mar 2020 | 1y 6mo | 9mo 18d | 2y 4moAug 2018 - Jan 2021 | COVID crash2020 |
-39.46%Oct 2002 | 5mo 25d | 9mo 3d | 1y 2moApr 2002 - Jul 2003 | Dot-com crash2000–2002 |
-31.81%Oct 2011 | 5mo 29d | 4mo 1d | 10moApr 2011 - Feb 2012 | — |
-24.13%Sep 2001 | 3mo 17d | 5mo 22d | 9mo 9dJun 2001 - Mar 2002 | Dot-com crash2000–2002 |
Drawdown Indicators
| UBVLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.24% | -56.78% | -10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -9.10% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -18.90% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -25.43% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -52.08% | -33.92% | -18.16% |
Current DrawdownCurrent decline from peak | -2.43% | -1.58% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -10.70% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 2.14% | +1.47% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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