AFDVX vs. AFVLX
AFDVX (Applied Finance Explorer Investor) and AFVLX (Applied Finance Select Fund) are both mutual funds - AFDVX is a Small Cap Value Equities fund managed by Applied Finance, while AFVLX is a Large Cap Value Equities fund managed by Applied Finance. Over the past 5 years, AFDVX returned 11.24%/yr vs 9.45%/yr for AFVLX. Their correlation of 0.87 means they have usually moved in the same direction. AFDVX charges 1.08%/yr vs 1.48%/yr for AFVLX.
Performance
AFDVX vs. AFVLX - Performance Comparison
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Returns By Period
In the year-to-date period, AFDVX achieves a 18.92% return, which is significantly higher than AFVLX's 13.02% return.
AFDVX
- 1D
- 0.07%
- 1M
- 2.16%
- 6M
- 15.17%
- YTD
- 18.92%
- 1Y
- 31.02%
- 3Y*
- 15.36%
- 5Y*
- 11.24%
- 10Y*
- 13.87%
- ALL TIME*
- 13.66%
AFVLX
- 1D
- 0.84%
- 1M
- 1.31%
- 6M
- 10.84%
- YTD
- 13.02%
- 1Y
- 22.42%
- 3Y*
- 12.76%
- 5Y*
- 9.45%
- 10Y*
- —
- ALL TIME*
- 13.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
AFDVX vs. AFVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AFDVX Applied Finance Explorer Investor | 18.92% | 8.96% | 9.75% | 22.19% | -13.84% | 43.58% | 19.12% | 16.19% |
AFVLX Applied Finance Select Fund | 13.02% | 13.12% | 7.06% | 19.43% | -10.88% | 27.73% | 15.33% | 12.42% |
Correlation
The correlation between AFDVX and AFVLX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.87 |
The correlation between AFDVX and AFVLX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
AFDVX vs. AFVLX — Risk / Return Rank
AFDVX
AFVLX
AFDVX vs. AFVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Finance Explorer Investor (AFDVX) and Applied Finance Select Fund (AFVLX). 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.
| AFDVX | AFVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.28 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.41 | +0.99 |
| Martin ratioReturn relative to average drawdown | 11.46 | 9.09 | +2.37 |
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Drawdowns
AFDVX vs. AFVLX - Drawdown Comparison
The maximum AFDVX drawdown since its inception was -42.97%, which is greater than AFVLX's maximum drawdown of -36.29%. Use the drawdown chart below to compare losses from any high point for AFDVX and AFVLX.
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Drawdown Indicators
| AFDVX | AFVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.97% | -36.29% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -8.42% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -23.38% | -17.74% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -20.12% | -3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -42.97% | — | — |
Current DrawdownCurrent decline from peak | -0.72% | -0.45% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -4.66% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.23% | +0.24% |
Volatility
AFDVX vs. AFVLX - Volatility Comparison
Applied Finance Explorer Investor (AFDVX) has a higher volatility of 3.53% compared to Applied Finance Select Fund (AFVLX) at 3.15%. This indicates that AFDVX's price experiences larger fluctuations and is considered to be riskier than AFVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFDVX | AFVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 3.15% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 9.45% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.49% | 12.65% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.23% | 15.95% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 20.11% | +2.33% |
AFDVX vs. AFVLX - Expense Ratio Comparison
AFDVX has a 1.08% expense ratio, which is lower than AFVLX's 1.48% expense ratio.
Dividends
AFDVX vs. AFVLX - Dividend Comparison
AFDVX's dividend yield for the trailing twelve months is around 2.44%, less than AFVLX's 3.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AFDVX Applied Finance Explorer Investor | 2.44% | 2.90% | 2.49% | 0.77% | 1.73% | 0.67% | 0.15% | 0.46% | 10.44% | 1.96% |
AFVLX Applied Finance Select Fund | 3.31% | 3.74% | 3.80% | 1.18% | 1.02% | 2.11% | 1.09% | 0.68% | 0.00% | 0.00% |
Frequently Asked Questions
AFDVX and AFVLX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AFDVX has higher volatility (3.53%) compared to AFVLX (3.15%). In terms of maximum drawdown, AFDVX dropped -42.97% vs AFVLX's -36.29%.
AFDVX currently has the higher Sharpe Ratio (1.83 vs 1.61), 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.
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