APITX vs. YOVIX

Last updated Jul 14, 2026

APITX (Yorktown Growth Fund) and YOVIX (Yorktown Small-Cap Fund) are both mutual funds - APITX is a Global Equities fund managed by Yorktown Funds, while YOVIX is a Small Cap Growth Equities fund managed by Yorktown Funds. Over the past 10 years, APITX returned 10.03%/yr vs 9.37%/yr for YOVIX. Their correlation of 0.89 suggests significant overlap in exposure. APITX charges 2.04%/yr vs 1.38%/yr for YOVIX.

Performance

APITX vs. YOVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Yorktown Growth Fund (APITX) and Yorktown Small-Cap Fund (YOVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APITX achieves a 17.14% return, which is significantly higher than YOVIX's 10.34% return. Over the past 10 years, APITX has outperformed YOVIX with an annualized return of 10.03%, while YOVIX has yielded a comparatively lower 9.37% annualized return.

APITX

• 1D: -0.79%
• 1M: -1.39%
• 6M: 10.94%
• YTD: 17.14%
• 1Y: 25.42%
• 3Y*: 13.63%
• 5Y*: 4.98%
• 10Y*: 10.03%

YOVIX

• 1D: -1.23%
• 1M: -1.03%
• 6M: 3.34%
• YTD: 10.34%
• 1Y: 11.43%
• 3Y*: 9.69%
• 5Y*: 3.50%
• 10Y*: 9.37%

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

APITX vs. YOVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APITX Yorktown Growth Fund	17.14%	10.90%	7.34%	19.37%	-26.74%	16.38%	28.59%	30.52%	-14.66%	26.20%
YOVIX Yorktown Small-Cap Fund	10.34%	9.64%	6.01%	14.19%	-25.19%	24.76%	30.31%	21.85%	-7.94%	8.83%

Correlation

The correlation between APITX and YOVIX is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since May 10, 2016	0.89

The correlation between APITX and YOVIX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

APITX vs. YOVIX — Risk / Return Rank

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

APITX

APITX Risk / Return Rank: 34
APITX Sharpe Ratio Rank: 28
APITX Sortino Ratio Rank: 28
APITX Omega Ratio Rank: 26
APITX Calmar Ratio Rank: 45
APITX Martin Ratio Rank: 44

YOVIX

YOVIX Risk / Return Rank: 9
YOVIX Sharpe Ratio Rank: 9
YOVIX Sortino Ratio Rank: 9
YOVIX Omega Ratio Rank: 9
YOVIX Calmar Ratio Rank: 9
YOVIX Martin Ratio Rank: 9

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.

APITX vs. YOVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Yorktown Growth Fund (APITX) and Yorktown Small-Cap Fund (YOVIX). 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.

	APITX	YOVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.14	0.48	+0.65
Sortino ratio: Return per unit of downside risk	1.67	0.82	+0.84
Omega ratio: Gain probability vs. loss probability	1.20	1.10	+0.10
Calmar ratio: Return relative to maximum drawdown	2.03	0.62	+1.42
Martin ratio: Return relative to average drawdown	7.38	1.83	+5.55

APITX vs. YOVIX - Sharpe Ratio Comparison

The current APITX Sharpe Ratio is 1.14, which is higher than the YOVIX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of APITX and YOVIX, 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

APITX vs. YOVIX - Drawdown Comparison

The maximum APITX drawdown since its inception was -63.33%, which is greater than YOVIX's maximum drawdown of -41.82%. Use the drawdown chart below to compare losses from any high point for APITX and YOVIX.

Drawdown Indicators

	APITX	YOVIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.33%	-41.82%	-21.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.76%	-16.53%	+4.77%
Max Drawdown (3Y) Largest decline over 3 years	-24.80%	-21.72%	-3.08%
Max Drawdown (5Y) Largest decline over 5 years	-35.69%	-33.13%	-2.56%
Max Drawdown (10Y) Largest decline over 10 years	-35.69%	-41.82%	+6.13%
Current Drawdown Current decline from peak	-3.88%	-5.00%	+1.12%
Average Drawdown Average peak-to-trough decline	-14.37%	-10.31%	-4.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	5.56%	-2.32%

Volatility

APITX vs. YOVIX - Volatility Comparison

Yorktown Growth Fund (APITX) and Yorktown Small-Cap Fund (YOVIX) have volatilities of 7.52% and 7.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APITX	YOVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.52%	7.74%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	17.03%	16.59%	+0.44%
Volatility (1Y) Calculated over the trailing 1-year period	21.04%	21.09%	-0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.12%	22.30%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.02%	22.71%	-3.69%

APITX vs. YOVIX - Expense Ratio Comparison

APITX has a 2.04% expense ratio, which is higher than YOVIX's 1.38% expense ratio.

Dividends

APITX vs. YOVIX - Dividend Comparison

Neither APITX nor YOVIX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APITX Yorktown Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	18.81%	13.95%	9.40%	25.45%	7.74%	1.09%	3.16%
YOVIX Yorktown Small-Cap Fund	0.00%	0.00%	0.00%	0.24%	8.03%	4.61%	0.07%	1.26%	1.01%	17.08%	0.27%	0.00%

Frequently Asked Questions

Can I hold both APITX and YOVIX in my portfolio?

With a correlation of 0.92, APITX and YOVIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, APITX or YOVIX?

YOVIX has higher volatility (7.74%) compared to APITX (7.52%). In terms of maximum drawdown, APITX dropped -63.33% vs YOVIX's -41.82%.

Which has better risk-adjusted returns?

APITX currently has the higher Sharpe Ratio (1.14 vs 0.48), 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.