APSGX vs. BLK

Last updated Apr 2, 2026

Compare and contrast key facts about Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and BlackRock, Inc. (BLK).

APSGX is managed by Fiera Capital. It was launched on Jun 29, 2012.

Performance

APSGX vs. BLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and BlackRock, Inc. (BLK). The values are adjusted to include any dividend payments, if applicable.

APSGX vs. BLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
APSGX Fiera Capital Small/Mid-Cap Growth Fund	-6.42%	5.74%	4.69%	26.12%	-23.71%	17.09%	44.67%	31.20%	-10.38%	26.60%
BLK BlackRock, Inc.	-10.05%	6.55%	29.29%	17.86%	-20.40%	29.39%	47.21%	31.87%	-21.59%	38.20%

Returns By Period

In the year-to-date period, APSGX achieves a -6.42% return, which is significantly higher than BLK's -10.05% return. Over the past 10 years, APSGX has underperformed BLK with an annualized return of 10.46%, while BLK has yielded a comparatively higher 13.61% annualized return.

APSGX

• 1D: 4.04%
• 1M: -4.68%
• YTD: -6.42%
• 6M: -3.04%
• 1Y: 10.70%
• 3Y*: 7.58%
• 5Y*: 1.59%
• 10Y*: 10.46%

BLK

• 1D: -0.45%
• 1M: -9.88%
• YTD: -10.05%
• 6M: -15.22%
• 1Y: 3.50%
• 3Y*: 15.37%
• 5Y*: 7.07%
• 10Y*: 13.61%

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

Return for Risk

APSGX vs. BLK — Risk / Return Rank

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

APSGX

APSGX Risk / Return Rank: 16
APSGX Sharpe Ratio Rank: 15
APSGX Sortino Ratio Rank: 17
APSGX Omega Ratio Rank: 15
APSGX Calmar Ratio Rank: 15
APSGX Martin Ratio Rank: 15

BLK

BLK Risk / Return Rank: 42
BLK Sharpe Ratio Rank: 45
BLK Sortino Ratio Rank: 37
BLK Omega Ratio Rank: 38
BLK Calmar Ratio Rank: 44
BLK Martin Ratio Rank: 45

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.

APSGX vs. BLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fiera Capital Small/Mid-Cap Growth Fund (APSGX) and BlackRock, Inc. (BLK). 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.

	APSGX	BLK	Difference
Sharpe ratio Return per unit of total volatility	0.49	0.12	+0.37
Sortino ratio Return per unit of downside risk	0.87	0.36	+0.51
Omega ratio Gain probability vs. loss probability	1.11	1.05	+0.06
Calmar ratio Return relative to maximum drawdown	0.56	0.14	+0.42
Martin ratio Return relative to average drawdown	1.86	0.37	+1.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APSGX vs. BLK - Sharpe Ratio Comparison

The current APSGX Sharpe Ratio is 0.49, which is higher than the BLK Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of APSGX and BLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	APSGX	BLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.49	0.12	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.27	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.49	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.58	-0.07

Correlation

The correlation between APSGX and BLK is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

APSGX vs. BLK - Dividend Comparison

APSGX's dividend yield for the trailing twelve months is around 2.59%, more than BLK's 2.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APSGX Fiera Capital Small/Mid-Cap Growth Fund	2.59%	2.43%	2.91%	2.48%	16.83%	11.57%	21.15%	11.48%	28.25%	0.00%	0.28%	1.03%
BLK BlackRock, Inc.	2.23%	1.95%	1.99%	2.46%	2.75%	1.80%	2.01%	2.63%	3.08%	1.95%	2.41%	2.56%

Drawdowns

APSGX vs. BLK - Drawdown Comparison

The maximum APSGX drawdown since its inception was -35.77%, smaller than the maximum BLK drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for APSGX and BLK.

Drawdown Indicators

	APSGX	BLK	Difference
Max Drawdown Largest peak-to-trough decline	-35.77%	-60.36%	+24.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.60%	-22.45%	+8.85%
Max Drawdown (5Y) Largest decline over 5 years	-33.52%	-43.90%	+10.38%
Max Drawdown (10Y) Largest decline over 10 years	-35.77%	-43.90%	+8.13%
Current Drawdown Current decline from peak	-9.80%	-19.56%	+9.76%
Average Drawdown Average peak-to-trough decline	-7.60%	-11.92%	+4.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	8.70%	-4.58%

Volatility

APSGX vs. BLK - Volatility Comparison

The current volatility for Fiera Capital Small/Mid-Cap Growth Fund (APSGX) is 7.47%, while BlackRock, Inc. (BLK) has a volatility of 10.64%. This indicates that APSGX experiences smaller price fluctuations and is considered to be less risky than BLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APSGX	BLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.47%	10.64%	-3.17%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	19.82%	-6.52%
Volatility (1Y) Calculated over the trailing 1-year period	22.49%	29.05%	-6.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.35%	26.51%	-4.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	27.63%	-5.09%