CZMSX vs. VB
Compare and contrast key facts about Multi-Manager Small Cap Equity Strategies Fund (CZMSX) and Vanguard Small-Cap ETF (VB).
CZMSX is managed by BlackRock. It was launched on Jan 3, 2017. VB is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap. It was launched on Jan 26, 2004.
Performance
CZMSX vs. VB - Performance Comparison
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CZMSX vs. VB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CZMSX Multi-Manager Small Cap Equity Strategies Fund | -2.48% | 1.55% | 8.55% | 15.65% | -20.05% | 19.40% | 20.47% | 27.16% | -10.77% | 14.84% |
VB Vanguard Small-Cap ETF | 1.92% | 8.87% | 14.17% | 18.22% | -17.51% | 17.57% | 19.19% | 27.34% | -9.34% | 14.73% |
Returns By Period
In the year-to-date period, CZMSX achieves a -2.48% return, which is significantly lower than VB's 1.92% return.
CZMSX
- 1D
- -0.80%
- 1M
- -7.95%
- YTD
- -2.48%
- 6M
- -1.21%
- 1Y
- 10.40%
- 3Y*
- 6.45%
- 5Y*
- 1.18%
- 10Y*
- —
VB
- 1D
- 3.18%
- 1M
- -5.13%
- YTD
- 1.92%
- 6M
- 3.76%
- 1Y
- 19.75%
- 3Y*
- 13.04%
- 5Y*
- 5.35%
- 10Y*
- 10.51%
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CZMSX vs. VB - Expense Ratio Comparison
CZMSX has a 0.99% expense ratio, which is higher than VB's 0.05% expense ratio.
Return for Risk
CZMSX vs. VB — Risk / Return Rank
CZMSX
VB
CZMSX vs. VB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Small Cap Equity Strategies Fund (CZMSX) and Vanguard Small-Cap ETF (VB). 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.
| CZMSX | VB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.44 | 0.91 | -0.47 |
Sortino ratioReturn per unit of downside risk | 0.79 | 1.41 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.19 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 1.39 | -0.84 |
Martin ratioReturn relative to average drawdown | 2.06 | 5.97 | -3.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CZMSX | VB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 0.91 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.26 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.42 | -0.13 |
Correlation
The correlation between CZMSX and VB is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CZMSX vs. VB - Dividend Comparison
CZMSX's dividend yield for the trailing twelve months is around 9.07%, more than VB's 1.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZMSX Multi-Manager Small Cap Equity Strategies Fund | 9.07% | 8.85% | 3.05% | 2.04% | 10.31% | 17.14% | 0.31% | 5.75% | 7.94% | 7.88% | 0.00% | 0.00% |
VB Vanguard Small-Cap ETF | 1.34% | 1.33% | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% |
Drawdowns
CZMSX vs. VB - Drawdown Comparison
The maximum CZMSX drawdown since its inception was -40.96%, smaller than the maximum VB drawdown of -59.56%. Use the drawdown chart below to compare losses from any high point for CZMSX and VB.
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Drawdown Indicators
| CZMSX | VB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.96% | -59.56% | +18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.87% | -14.29% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -37.16% | -28.15% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.05% | — |
Current DrawdownCurrent decline from peak | -15.76% | -6.08% | -9.68% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -8.49% | -5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 3.32% | +0.34% |
Volatility
CZMSX vs. VB - Volatility Comparison
The current volatility for Multi-Manager Small Cap Equity Strategies Fund (CZMSX) is 5.85%, while Vanguard Small-Cap ETF (VB) has a volatility of 6.84%. This indicates that CZMSX experiences smaller price fluctuations and is considered to be less risky than VB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CZMSX | VB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 6.84% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 12.60% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.33% | 21.86% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.90% | 20.78% | +3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.25% | 21.40% | +2.85% |