ADVMX vs. ADVLX

Last updated Jun 3, 2026

ADVMX (Vaughan Nelson Emerging Markets Opportunities Fund) and ADVLX (Vaughan Nelson International Small Cap Fund) are both mutual funds - ADVMX is a Emerging Markets Diversified fund managed by Vaughan Nelson, while ADVLX is a Foreign Small & Mid Cap Equities fund managed by Vaughan Nelson. Over the past 10 years, ADVMX returned 8.86%/yr vs 9.39%/yr for ADVLX. A 0.75 correlation means they provide meaningful diversification when combined. ADVMX charges 1.10%/yr vs 0.99%/yr for ADVLX.

Performance

ADVMX vs. ADVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vaughan Nelson Emerging Markets Opportunities Fund (ADVMX) and Vaughan Nelson International Small Cap Fund (ADVLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ADVMX having a 14.22% return and ADVLX slightly lower at 14.08%. Over the past 10 years, ADVMX has underperformed ADVLX with an annualized return of 8.86%, while ADVLX has yielded a comparatively higher 9.39% annualized return.

ADVMX

• 1D: -0.19%
• 1M: 1.23%
• YTD: 14.22%
• 6M: 16.57%
• 1Y: 50.27%
• 3Y*: 21.01%
• 5Y*: 9.47%
• 10Y*: 8.86%

ADVLX

• 1D: 1.12%
• 1M: 1.72%
• YTD: 14.08%
• 6M: 17.21%
• 1Y: 41.69%
• 3Y*: 21.44%
• 5Y*: 6.21%
• 10Y*: 9.39%

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

ADVMX vs. ADVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADVMX Vaughan Nelson Emerging Markets Opportunities Fund	14.22%	45.69%	-2.43%	16.20%	-11.69%	9.81%	10.81%	7.15%	-18.47%	25.07%
ADVLX Vaughan Nelson International Small Cap Fund	14.08%	49.91%	4.50%	2.73%	-26.24%	12.89%	15.65%	23.42%	-15.41%	29.58%

Correlation

The correlation between ADVMX and ADVLX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.75

The correlation between ADVMX and ADVLX shifts across timeframes, from 0.75 (10 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ADVMX vs. ADVLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADVMX

ADVMX Risk / Return Rank: 79
ADVMX Sharpe Ratio Rank: 83
ADVMX Sortino Ratio Rank: 76
ADVMX Omega Ratio Rank: 68
ADVMX Calmar Ratio Rank: 87
ADVMX Martin Ratio Rank: 80

ADVLX

ADVLX Risk / Return Rank: 60
ADVLX Sharpe Ratio Rank: 61
ADVLX Sortino Ratio Rank: 57
ADVLX Omega Ratio Rank: 53
ADVLX Calmar Ratio Rank: 69
ADVLX Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADVMX vs. ADVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vaughan Nelson Emerging Markets Opportunities Fund (ADVMX) and Vaughan Nelson International Small Cap Fund (ADVLX). 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.

	ADVMX	ADVLX	Difference
Sharpe ratio Return per unit of total volatility	2.68	2.29	+0.39
Sortino ratio Return per unit of downside risk	3.64	3.18	+0.46
Omega ratio Gain probability vs. loss probability	1.46	1.40	+0.06
Calmar ratio Return relative to maximum drawdown	4.27	3.21	+1.07
Martin ratio Return relative to average drawdown	15.10	12.03	+3.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADVMX vs. ADVLX - Sharpe Ratio Comparison

The current ADVMX Sharpe Ratio is 2.68, which is comparable to the ADVLX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of ADVMX and ADVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADVMX	ADVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.29	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.33	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.54	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.46	-0.04

Drawdowns

ADVMX vs. ADVLX - Drawdown Comparison

The maximum ADVMX drawdown since its inception was -51.17%, which is greater than ADVLX's maximum drawdown of -38.90%. Use the drawdown chart below to compare losses from any high point for ADVMX and ADVLX.

Drawdown Indicators

	ADVMX	ADVLX	Difference
Max Drawdown Largest peak-to-trough decline	-51.17%	-38.90%	-12.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	-12.60%	+1.20%
Max Drawdown (3Y) Largest decline over 3 years	-14.92%	-17.10%	+2.18%
Max Drawdown (5Y) Largest decline over 5 years	-24.72%	-38.90%	+14.18%
Max Drawdown (10Y) Largest decline over 10 years	-51.17%	-38.90%	-12.27%
Current Drawdown Current decline from peak	-2.49%	-1.79%	-0.70%
Average Drawdown Average peak-to-trough decline	-11.59%	-12.09%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	3.36%	-0.13%

Volatility

ADVMX vs. ADVLX - Volatility Comparison

Vaughan Nelson Emerging Markets Opportunities Fund (ADVMX) has a higher volatility of 4.79% compared to Vaughan Nelson International Small Cap Fund (ADVLX) at 4.13%. This indicates that ADVMX's price experiences larger fluctuations and is considered to be riskier than ADVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVMX	ADVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	4.13%	+0.66%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	14.75%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	19.37%	18.81%	+0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	18.71%	-2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	17.55%	-1.44%

ADVMX vs. ADVLX - Expense Ratio Comparison

ADVMX has a 1.10% expense ratio, which is higher than ADVLX's 0.99% expense ratio.

Dividends

ADVMX vs. ADVLX - Dividend Comparison

ADVMX's dividend yield for the trailing twelve months is around 9.33%, more than ADVLX's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVLX Vaughan Nelson International Small Cap Fund	0.76%	0.87%	1.59%	1.59%	1.38%	0.96%	0.83%	1.71%	2.15%	5.97%	1.30%	2.67%
ADVMX Vaughan Nelson Emerging Markets Opportunities Fund	9.33%	10.65%	0.00%	0.95%	1.13%	1.51%	1.51%	2.84%	1.48%	3.06%	2.18%	1.89%

Frequently Asked Questions

Can I hold both ADVMX and ADVLX in my portfolio?

ADVMX and ADVLX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADVMX or ADVLX?

ADVMX has higher volatility (4.79%) compared to ADVLX (4.13%). In terms of maximum drawdown, ADVMX dropped -51.17% vs ADVLX's -38.90%.

Which has better risk-adjusted returns?

ADVMX currently has the higher Sharpe Ratio (2.68 vs 2.29), 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.