AFVLX vs. IDIVX

Last updated Jul 15, 2026

AFVLX (Applied Finance Select Fund) and IDIVX (Integrity Dividend Harvest Fund) are both Large Cap Value Equities funds. Over the past 5 years, AFVLX returned 9.56%/yr vs 14.96%/yr for IDIVX. Their correlation of 0.84 suggests significant overlap in exposure. AFVLX charges 1.48%/yr vs 0.95%/yr for IDIVX.

Performance

AFVLX vs. IDIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance Select Fund (AFVLX) and Integrity Dividend Harvest Fund (IDIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFVLX achieves a 12.38% return, which is significantly lower than IDIVX's 18.57% return.

AFVLX

• 1D: -0.46%
• 1M: 0.50%
• 6M: 9.06%
• YTD: 12.38%
• 1Y: 19.64%
• 3Y*: 13.80%
• 5Y*: 9.56%
• 10Y*: —

IDIVX

• 1D: 0.04%
• 1M: 1.98%
• 6M: 16.89%
• YTD: 18.57%
• 1Y: 30.09%
• 3Y*: 21.00%
• 5Y*: 14.96%
• 10Y*: 11.43%

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

AFVLX vs. IDIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AFVLX Applied Finance Select Fund	12.38%	13.12%	7.06%	19.43%	-10.88%	27.73%	15.33%	12.42%
IDIVX Integrity Dividend Harvest Fund	18.57%	17.39%	21.13%	5.06%	2.13%	24.10%	-1.04%	9.72%

Correlation

The correlation between AFVLX and IDIVX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019	0.84

The correlation between AFVLX and IDIVX shifts across timeframes, from 0.71 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AFVLX vs. IDIVX — Risk / Return Rank

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

AFVLX

AFVLX Risk / Return Rank: 51
AFVLX Sharpe Ratio Rank: 49
AFVLX Sortino Ratio Rank: 49
AFVLX Omega Ratio Rank: 45
AFVLX Calmar Ratio Rank: 57
AFVLX Martin Ratio Rank: 55

IDIVX

IDIVX Risk / Return Rank: 96
IDIVX Sharpe Ratio Rank: 98
IDIVX Sortino Ratio Rank: 96
IDIVX Omega Ratio Rank: 91
IDIVX Calmar Ratio Rank: 97
IDIVX Martin Ratio Rank: 97

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.

AFVLX vs. IDIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance Select Fund (AFVLX) and Integrity Dividend Harvest Fund (IDIVX). 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.

	AFVLX	IDIVX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	3.07	-1.51
Sortino ratio: Return per unit of downside risk	2.22	4.55	-2.33
Omega ratio: Gain probability vs. loss probability	1.27	1.56	-0.29
Calmar ratio: Return relative to maximum drawdown	2.32	5.34	-3.02
Martin ratio: Return relative to average drawdown	8.72	22.93	-14.21

AFVLX vs. IDIVX - Sharpe Ratio Comparison

The current AFVLX Sharpe Ratio is 1.56, which is lower than the IDIVX Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of AFVLX and IDIVX, 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

AFVLX vs. IDIVX - Drawdown Comparison

The maximum AFVLX drawdown since its inception was -36.29%, which is greater than IDIVX's maximum drawdown of -31.64%. Use the drawdown chart below to compare losses from any high point for AFVLX and IDIVX.

Drawdown Indicators

	AFVLX	IDIVX	Difference
Max Drawdown Largest peak-to-trough decline	-36.29%	-31.64%	-4.65%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-5.72%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-17.74%	-15.37%	-2.37%
Max Drawdown (5Y) Largest decline over 5 years	-20.12%	-16.34%	-3.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.64%	—
Current Drawdown Current decline from peak	-0.46%	0.00%	-0.46%
Average Drawdown Average peak-to-trough decline	-4.68%	-3.34%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.33%	+0.90%

Volatility

AFVLX vs. IDIVX - Volatility Comparison

Applied Finance Select Fund (AFVLX) has a higher volatility of 3.47% compared to Integrity Dividend Harvest Fund (IDIVX) at 2.63%. This indicates that AFVLX's price experiences larger fluctuations and is considered to be riskier than IDIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFVLX	IDIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	2.63%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	9.51%	7.65%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.54%	9.94%	+2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	13.95%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.16%	14.93%	+5.23%

AFVLX vs. IDIVX - Expense Ratio Comparison

AFVLX has a 1.48% expense ratio, which is higher than IDIVX's 0.95% expense ratio.

Dividends

AFVLX vs. IDIVX - Dividend Comparison

AFVLX's dividend yield for the trailing twelve months is around 3.33%, less than IDIVX's 6.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AFVLX Applied Finance Select Fund	3.33%	3.74%	3.80%	1.18%	1.02%	2.11%	1.09%	0.68%	0.00%	0.00%	0.00%
IDIVX Integrity Dividend Harvest Fund	6.30%	7.19%	8.89%	3.13%	3.59%	2.83%	3.67%	7.27%	10.21%	8.31%	1.11%

Frequently Asked Questions

Can I hold both AFVLX and IDIVX in my portfolio?

AFVLX and IDIVX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFVLX or IDIVX?

AFVLX has higher volatility (3.47%) compared to IDIVX (2.63%). In terms of maximum drawdown, AFVLX dropped -36.29% vs IDIVX's -31.64%.

Which has better risk-adjusted returns?

IDIVX currently has the higher Sharpe Ratio (3.07 vs 1.56), 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.