CISMX vs. SMVTX

Last updated Jun 24, 2026

CISMX (Clarkston Partners Fund) and SMVTX (Virtus Ceredex Mid-Cap Value Equity Fund) are both Mid Cap Value Equities funds. Over the past 10 years, CISMX returned 6.28%/yr vs 12.97%/yr for SMVTX. Their correlation of 0.81 suggests significant overlap in exposure. CISMX charges 1.00%/yr vs 0.99%/yr for SMVTX.

Performance

CISMX vs. SMVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clarkston Partners Fund (CISMX) and Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CISMX achieves a -2.22% return, which is significantly lower than SMVTX's 25.14% return. Over the past 10 years, CISMX has underperformed SMVTX with an annualized return of 6.28%, while SMVTX has yielded a comparatively higher 12.97% annualized return.

CISMX

• 1D: -2.22%
• 1M: 0.33%
• YTD: -2.22%
• 6M: -3.07%
• 1Y: -0.06%
• 3Y*: -0.44%
• 5Y*: -1.14%
• 10Y*: 6.28%

SMVTX

• 1D: 1.17%
• 1M: 4.46%
• YTD: 25.14%
• 6M: 23.11%
• 1Y: 46.22%
• 3Y*: 24.75%
• 5Y*: 12.72%
• 10Y*: 12.97%

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

CISMX vs. SMVTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CISMX Clarkston Partners Fund	-2.22%	-8.37%	4.49%	6.41%	-0.40%	7.94%	17.42%	23.98%	-7.25%	12.84%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	25.14%	17.58%	18.93%	10.94%	-13.89%	29.15%	-1.19%	33.14%	-8.01%	11.69%

Correlation

The correlation between CISMX and SMVTX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 22, 2015	0.81

Over the past year, the correlation between CISMX and SMVTX has dropped to 0.49 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

Return for Risk

CISMX vs. SMVTX — Risk / Return Rank

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

CISMX

CISMX Risk / Return Rank: 3
CISMX Sharpe Ratio Rank: 3
CISMX Sortino Ratio Rank: 3
CISMX Omega Ratio Rank: 3
CISMX Calmar Ratio Rank: 3
CISMX Martin Ratio Rank: 3

SMVTX

SMVTX Risk / Return Rank: 92
SMVTX Sharpe Ratio Rank: 94
SMVTX Sortino Ratio Rank: 89
SMVTX Omega Ratio Rank: 83
SMVTX Calmar Ratio Rank: 97
SMVTX 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.

CISMX vs. SMVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clarkston Partners Fund (CISMX) and Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX). 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.

	CISMX	SMVTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	2.97	-2.99
Sortino ratio: Return per unit of downside risk	0.10	3.97	-3.87
Omega ratio: Gain probability vs. loss probability	1.01	1.51	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.03	6.64	-6.66
Martin ratio: Return relative to average drawdown	-0.06	24.05	-24.11

CISMX vs. SMVTX - Sharpe Ratio Comparison

The current CISMX Sharpe Ratio is -0.02, which is lower than the SMVTX Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of CISMX and SMVTX, 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

CISMX vs. SMVTX - Drawdown Comparison

The maximum CISMX drawdown since its inception was -33.80%, smaller than the maximum SMVTX drawdown of -54.72%. Use the drawdown chart below to compare losses from any high point for CISMX and SMVTX.

Drawdown Indicators

	CISMX	SMVTX	Difference
Max Drawdown Largest peak-to-trough decline	-33.80%	-54.72%	+20.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-7.17%	-3.37%
Max Drawdown (3Y) Largest decline over 3 years	-21.19%	-24.75%	+3.56%
Max Drawdown (5Y) Largest decline over 5 years	-21.19%	-25.44%	+4.25%
Max Drawdown (10Y) Largest decline over 10 years	-33.80%	-45.45%	+11.65%
Current Drawdown Current decline from peak	-16.31%	0.00%	-16.31%
Average Drawdown Average peak-to-trough decline	-6.73%	-8.22%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.81%	1.97%	+2.84%

Volatility

CISMX vs. SMVTX - Volatility Comparison

The current volatility for Clarkston Partners Fund (CISMX) is 5.25%, while Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) has a volatility of 6.13%. This indicates that CISMX experiences smaller price fluctuations and is considered to be less risky than SMVTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CISMX	SMVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	6.13%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	12.89%	12.63%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	17.38%	16.04%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	20.53%	-3.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	20.70%	-2.38%

CISMX vs. SMVTX - Expense Ratio Comparison

CISMX has a 1.00% expense ratio, which is higher than SMVTX's 0.99% expense ratio.

Dividends

CISMX vs. SMVTX - Dividend Comparison

CISMX's dividend yield for the trailing twelve months is around 4.76%, less than SMVTX's 13.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CISMX Clarkston Partners Fund	4.76%	4.65%	1.05%	3.76%	16.95%	0.81%	3.73%	3.79%	7.15%	1.30%	1.17%	0.09%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	13.95%	16.44%	15.96%	1.16%	6.75%	18.53%	2.52%	5.82%	14.47%	20.86%	3.61%	7.05%

Frequently Asked Questions

Can I hold both CISMX and SMVTX in my portfolio?

CISMX and SMVTX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CISMX or SMVTX?

SMVTX has higher volatility (6.13%) compared to CISMX (5.25%). In terms of maximum drawdown, CISMX dropped -33.80% vs SMVTX's -54.72%.

Which has better risk-adjusted returns?

SMVTX currently has the higher Sharpe Ratio (2.97 vs -0.02), 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.