BVAL vs. VMAX

Last updated Aug 4, 2026

BVAL (Bluemonte Large Cap Value ETF) and VMAX (Hartford US Value ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, BVAL returned 25.50% vs 31.16% for VMAX. Their correlation of 0.90 means they have usually moved in the same direction. BVAL charges 0.24%/yr vs 0.29%/yr for VMAX.

Performance

BVAL vs. VMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Large Cap Value ETF (BVAL) and Hartford US Value ETF (VMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BVAL achieves a 14.62% return, which is significantly lower than VMAX's 18.73% return.

BVAL

• 1D: 0.76%
• 1M: 1.22%
• 6M: 10.01%
• YTD: 14.62%
• 1Y: 25.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.29%

VMAX

• 1D: 0.57%
• 1M: 2.72%
• 6M: 13.64%
• YTD: 18.73%
• 1Y: 31.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BVAL Bluemonte Large Cap Value ETF	$658.39K	$641.04K	$1.02M
VMAX Hartford US Value ETF	$16.61K	$9.61K	$6.33K

BVAL vs. VMAX - Yearly Performance Comparison

	2026 (YTD)	2025
BVAL Bluemonte Large Cap Value ETF	14.62%	12.09%
VMAX Hartford US Value ETF	18.73%	13.09%

Correlation

The correlation between BVAL and VMAX is 0.89, 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.	0.89
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.90

The correlation between BVAL and VMAX has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

BVAL vs. VMAX - Sectors Allocation Comparison

Sectors	BVAL	VMAX
Technology	23.6%	13.8%
Financial Services	16.3%	33.8%
Industrials	11.8%	5.4%
Healthcare	11.2%	11.3%
Consumer Cyclical	8.5%	3.8%
Consumer Defensive	7.6%	3.6%
Energy	5.8%	9.8%
Communication Services	4.9%	5.9%
Utilities	4.0%	5.4%
Real Estate	3.5%	4.8%
Basic Materials	2.9%	2.4%

Return for Risk

BVAL vs. VMAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BVAL

BVAL Risk / Return Rank: 90
BVAL Sharpe Ratio Rank: 91
BVAL Sortino Ratio Rank: 91
BVAL Omega Ratio Rank: 90
BVAL Calmar Ratio Rank: 88
BVAL Martin Ratio Rank: 91

VMAX

VMAX Risk / Return Rank: 94
VMAX Sharpe Ratio Rank: 93
VMAX Sortino Ratio Rank: 93
VMAX Omega Ratio Rank: 92
VMAX Calmar Ratio Rank: 96
VMAX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BVAL vs. VMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Large Cap Value ETF (BVAL) and Hartford US Value ETF (VMAX). 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.

	BVAL	VMAX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.62	-0.13
Sortino ratio: Return per unit of downside risk	3.46	3.57	-0.10
Omega ratio: Gain probability vs. loss probability	1.45	1.47	-0.02
Calmar ratio: Return relative to maximum drawdown	3.83	6.35	-2.52
Martin ratio: Return relative to average drawdown	16.14	23.40	-7.26

BVAL vs. VMAX - Sharpe Ratio Comparison

The current BVAL Sharpe Ratio is 2.48, which is comparable to the VMAX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of BVAL and VMAX, 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

BVAL vs. VMAX - Drawdown Comparison

The maximum BVAL drawdown since its inception was -6.69%, smaller than the maximum VMAX drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for BVAL and VMAX.

Drawdown Indicators

	BVAL	VMAX	Difference
Max Drawdown Largest peak-to-trough decline	-6.69%	-19.05%	+12.36%
Max Drawdown (1Y) Largest decline over 1 year	-6.69%	-4.93%	-1.76%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.86%	-2.43%	+1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	1.33%	+0.25%

Volatility

BVAL vs. VMAX - Volatility Comparison

Bluemonte Large Cap Value ETF (BVAL) and Hartford US Value ETF (VMAX) have volatilities of 2.59% and 2.51%, 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.

Volatility by Period

	BVAL	VMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	2.51%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.90%	8.30%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	10.33%	11.99%	-1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.18%	15.17%	-4.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.18%	15.17%	-4.99%

BVAL vs. VMAX - Expense Ratio Comparison

BVAL has a 0.24% expense ratio, which is lower than VMAX's 0.29% expense ratio.

Dividends

BVAL vs. VMAX - Dividend Comparison

BVAL's dividend yield for the trailing twelve months is around 1.30%, less than VMAX's 1.82% yield.

Position	TTM	2025	2024
BVAL Bluemonte Large Cap Value ETF	1.30%	0.73%	0.00%
VMAX Hartford US Value ETF	1.82%	2.14%	1.95%

Frequently Asked Questions

Can I hold both BVAL and VMAX in my portfolio?

BVAL and VMAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BVAL or VMAX?

BVAL has higher volatility (2.59%) compared to VMAX (2.51%). In terms of maximum drawdown, BVAL dropped -6.69% vs VMAX's -19.05%.

Which ETF is better, BVAL or VMAX?

On 1-year performance, VMAX leads with 31.16% vs 25.50% for BVAL. On fees, BVAL is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BVAL or VMAX?

Over the 1-year period, VMAX has performed better with a 31.16% return vs 25.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BVAL or VMAX?

BVAL is cheaper with a 0.24% expense ratio, compared with 0.29% for VMAX.

Which ETF pays a higher dividend yield, BVAL or VMAX?

VMAX has the higher dividend yield at 1.82%, compared with 1.30% for BVAL.

What is the main difference between BVAL and VMAX?

They also come from different issuers: Bluemonte and Hartford. Their fees differ too: 0.24% for BVAL and 0.29% for VMAX.

Which has better risk-adjusted returns?

VMAX currently has the higher Sharpe Ratio (2.62 vs 2.48), 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.