AXVIX vs. VSMVX
AXVIX (Acclivity Small Cap Value Fund) and VSMVX (Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares) are both Small Cap Value Equities funds. Over the past 5 years, AXVIX returned 10.93%/yr vs 8.03%/yr for VSMVX. Their 0.97 correlation means they have historically moved very closely together. AXVIX charges 3.64%/yr vs 0.08%/yr for VSMVX.
Performance
AXVIX vs. VSMVX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AXVIX having a 19.47% return and VSMVX slightly higher at 20.30%.
AXVIX
- 1D
- -0.18%
- 1M
- 1.83%
- 6M
- 12.12%
- YTD
- 19.47%
- 1Y
- 34.82%
- 3Y*
- 12.56%
- 5Y*
- 10.93%
- 10Y*
- —
- ALL TIME*
- 13.31%
VSMVX
- 1D
- 0.07%
- 1M
- 0.37%
- 6M
- 11.86%
- YTD
- 20.30%
- 1Y
- 39.58%
- 3Y*
- 12.52%
- 5Y*
- 8.03%
- 10Y*
- 10.36%
- ALL TIME*
- 11.29%
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 |
AXVIX vs. VSMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AXVIX Acclivity Small Cap Value Fund | 19.47% | 5.14% | 5.67% | 22.62% | -4.41% | 38.61% | 7.52% | 10.90% |
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 20.30% | 6.38% | 7.53% | 14.85% | -11.12% | 30.85% | 2.79% | 18.95% |
Correlation
The correlation between AXVIX and VSMVX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2019 | 0.97 |
The correlation between AXVIX and VSMVX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
AXVIX vs. VSMVX — Risk / Return Rank
AXVIX
VSMVX
AXVIX vs. VSMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Acclivity Small Cap Value Fund (AXVIX) and Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX). 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.
| AXVIX | VSMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 4.01 | -0.19 |
| Martin ratioReturn relative to average drawdown | 12.00 | 13.83 | -1.84 |
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Drawdowns
AXVIX vs. VSMVX - Drawdown Comparison
The maximum AXVIX drawdown since its inception was -48.08%, roughly equal to the maximum VSMVX drawdown of -47.61%. Use the drawdown chart below to compare losses from any high point for AXVIX and VSMVX.
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Drawdown Indicators
| AXVIX | VSMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.08% | -47.61% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -9.33% | +0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -30.24% | -28.81% | -1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -30.24% | -28.81% | -1.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.61% | — |
Current DrawdownCurrent decline from peak | -0.98% | -1.54% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -7.87% | -7.56% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.70% | 0.00% |
Volatility
AXVIX vs. VSMVX - Volatility Comparison
Acclivity Small Cap Value Fund (AXVIX) and Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares (VSMVX) have volatilities of 3.35% and 3.51%, 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.
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Volatility by Period
| AXVIX | VSMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 3.51% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 11.18% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 17.78% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 21.75% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.58% | 24.07% | +2.51% |
AXVIX vs. VSMVX - Expense Ratio Comparison
AXVIX has a 3.64% expense ratio, which is higher than VSMVX's 0.08% expense ratio.
Dividends
AXVIX vs. VSMVX - Dividend Comparison
AXVIX's dividend yield for the trailing twelve months is around 3.60%, more than VSMVX's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXVIX Acclivity Small Cap Value Fund | 3.60% | 4.30% | 7.18% | 1.00% | 4.41% | 2.43% | 2.02% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% |
VSMVX Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares | 1.74% | 1.45% | 1.85% | 1.92% | 1.88% | 1.66% | 1.46% | 1.65% | 1.89% | 1.55% | 1.26% | 1.42% |
Frequently Asked Questions
With a correlation of 0.96, AXVIX and VSMVX 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.
VSMVX has higher volatility (3.51%) compared to AXVIX (3.35%). In terms of maximum drawdown, AXVIX dropped -48.08% vs VSMVX's -47.61%.
VSMVX currently has the higher Sharpe Ratio (2.11 vs 2.04), 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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