ADEIX vs. AATIX

Last updated Aug 1, 2026

ADEIX (Ancora Dividend Value Equity Fund) and AATIX (Ancora/Thelen Small-Mid Cap Fund) are both mutual funds - ADEIX is a Large Cap Value Equities fund managed by Ancora, while AATIX is a Small Cap Blend Equities fund managed by Ancora. Over the past 5 years, ADEIX returned 7.50%/yr vs 5.17%/yr for AATIX. Their correlation of 0.85 means they have usually moved in the same direction. ADEIX charges 1.21%/yr vs 1.22%/yr for AATIX.

Performance

ADEIX vs. AATIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ancora Dividend Value Equity Fund (ADEIX) and Ancora/Thelen Small-Mid Cap Fund (AATIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADEIX achieves a 6.06% return, which is significantly lower than AATIX's 8.48% return.

ADEIX

• 1D: 0.71%
• 1M: 2.17%
• 6M: 5.76%
• YTD: 6.06%
• 1Y: 10.25%
• 3Y*: 10.33%
• 5Y*: 7.50%
• 10Y*: —
• ALL TIME*: 10.59%

AATIX

• 1D: -1.01%
• 1M: -1.41%
• 6M: 3.00%
• YTD: 8.48%
• 1Y: 14.79%
• 3Y*: 9.51%
• 5Y*: 5.17%
• 10Y*: 9.09%
• ALL TIME*: 9.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AATIX Ancora/Thelen Small-Mid Cap Fund	$0.00	$0.00	$0.00
ADEIX Ancora Dividend Value Equity Fund	$0.00	$0.00	$0.00

ADEIX vs. AATIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ADEIX Ancora Dividend Value Equity Fund	6.06%	7.64%	12.59%	13.93%	-11.41%	27.35%	8.93%	14.82%
AATIX Ancora/Thelen Small-Mid Cap Fund	8.48%	4.07%	10.12%	21.23%	-17.34%	24.46%	12.14%	8.24%

Correlation

The correlation between ADEIX and AATIX is 0.78, 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.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (All Time) Calculated using the full available price history since May 15, 2019	0.85

The correlation between ADEIX and AATIX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

Return for Risk

ADEIX vs. AATIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ADEIX

ADEIX Risk / Return Rank: 22
ADEIX Sharpe Ratio Rank: 21
ADEIX Sortino Ratio Rank: 21
ADEIX Omega Ratio Rank: 21
ADEIX Calmar Ratio Rank: 22
ADEIX Martin Ratio Rank: 25

AATIX

AATIX Risk / Return Rank: 19
AATIX Sharpe Ratio Rank: 18
AATIX Sortino Ratio Rank: 20
AATIX Omega Ratio Rank: 18
AATIX Calmar Ratio Rank: 19
AATIX Martin Ratio Rank: 19

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ADEIX vs. AATIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ancora Dividend Value Equity Fund (ADEIX) and Ancora/Thelen Small-Mid Cap Fund (AATIX). 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.

	ADEIX	AATIX	Difference
Sharpe ratio: Return per unit of total volatility	0.75	0.72	+0.03
Sortino ratio: Return per unit of downside risk	1.15	1.16	-0.01
Omega ratio: Gain probability vs. loss probability	1.14	1.13	+0.01
Calmar ratio: Return relative to maximum drawdown	1.05	0.95	+0.09
Martin ratio: Return relative to average drawdown	3.47	2.75	+0.72

ADEIX vs. AATIX - Sharpe Ratio Comparison

The current ADEIX Sharpe Ratio is 0.75, which is comparable to the AATIX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of ADEIX and AATIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADEIX vs. AATIX - Drawdown Comparison

The maximum ADEIX drawdown since its inception was -94.85%, which is greater than AATIX's maximum drawdown of -43.17%. Use the drawdown chart below to compare losses from any high point for ADEIX and AATIX.

Drawdown Indicators

	ADEIX	AATIX	Difference
Max Drawdown Largest peak-to-trough decline	-94.85%	-43.17%	-51.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-13.22%	+5.19%
Max Drawdown (3Y) Largest decline over 3 years	-94.85%	-29.94%	-64.91%
Max Drawdown (5Y) Largest decline over 5 years	-94.85%	-29.94%	-64.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.17%	—
Current Drawdown Current decline from peak	-93.26%	-3.41%	-89.85%
Average Drawdown Average peak-to-trough decline	-24.04%	-7.34%	-16.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	4.58%	-2.16%

Volatility

ADEIX vs. AATIX - Volatility Comparison

The current volatility for Ancora Dividend Value Equity Fund (ADEIX) is 3.38%, while Ancora/Thelen Small-Mid Cap Fund (AATIX) has a volatility of 4.64%. This indicates that ADEIX experiences smaller price fluctuations and is considered to be less risky than AATIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADEIX	AATIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	4.64%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	13.10%	-4.74%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	17.55%	-6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	698.70%	19.76%	+678.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	581.61%	20.88%	+560.73%

ADEIX vs. AATIX - Expense Ratio Comparison

ADEIX has a 1.21% expense ratio, which is lower than AATIX's 1.22% expense ratio.

Dividends

ADEIX vs. AATIX - Dividend Comparison

ADEIX's dividend yield for the trailing twelve months is around 3.19%, less than AATIX's 8.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AATIX Ancora/Thelen Small-Mid Cap Fund	8.09%	8.77%	0.00%	1.88%	2.21%	23.11%	0.28%	0.05%	7.60%	7.54%	0.14%	1.01%
ADEIX Ancora Dividend Value Equity Fund	3.19%	3.38%	0.54%	1.30%	1.43%	1.06%	1.23%	0.79%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADEIX and AATIX in my portfolio?

ADEIX and AATIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADEIX or AATIX?

AATIX has higher volatility (4.64%) compared to ADEIX (3.38%). In terms of maximum drawdown, ADEIX dropped -94.85% vs AATIX's -43.17%.

Which has better risk-adjusted returns?

ADEIX currently has the higher Sharpe Ratio (0.75 vs 0.72), 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.