CZMSX vs. VFAIX
Compare and contrast key facts about Multi-Manager Small Cap Equity Strategies Fund (CZMSX) and Vanguard Financials Index Fund Admiral Shares (VFAIX).
CZMSX is managed by BlackRock. It was launched on Jan 3, 2017. VFAIX is managed by BlackRock. It was launched on Feb 4, 2004.
Performance
CZMSX vs. VFAIX - Performance Comparison
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CZMSX vs. VFAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CZMSX Multi-Manager Small Cap Equity Strategies Fund | 0.46% | 1.55% | 8.55% | 15.65% | -20.05% | 19.40% | 20.47% | 27.16% | -10.77% | 14.84% |
VFAIX Vanguard Financials Index Fund Admiral Shares | -9.18% | 14.90% | 30.46% | 14.07% | -12.26% | 36.27% | -2.15% | 31.63% | -13.47% | 19.65% |
Returns By Period
In the year-to-date period, CZMSX achieves a 0.46% return, which is significantly higher than VFAIX's -9.18% return.
CZMSX
- 1D
- 3.01%
- 1M
- -5.52%
- YTD
- 0.46%
- 6M
- 1.83%
- 1Y
- 13.34%
- 3Y*
- 7.51%
- 5Y*
- 1.44%
- 10Y*
- —
VFAIX
- 1D
- 2.18%
- 1M
- -3.59%
- YTD
- -9.18%
- 6M
- -6.35%
- 1Y
- 2.77%
- 3Y*
- 17.93%
- 5Y*
- 9.49%
- 10Y*
- 12.36%
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CZMSX vs. VFAIX - Expense Ratio Comparison
CZMSX has a 0.99% expense ratio, which is higher than VFAIX's 0.10% expense ratio.
Return for Risk
CZMSX vs. VFAIX — Risk / Return Rank
CZMSX
VFAIX
CZMSX vs. VFAIX - 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 Financials Index Fund Admiral Shares (VFAIX). 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 | VFAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 0.14 | +0.48 |
Sortino ratioReturn per unit of downside risk | 1.03 | 0.32 | +0.71 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.05 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 0.26 | +0.68 |
Martin ratioReturn relative to average drawdown | 3.55 | 0.78 | +2.77 |
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 | VFAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.14 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.49 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.23 | +0.08 |
Correlation
The correlation between CZMSX and VFAIX is 0.80, 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. VFAIX - Dividend Comparison
CZMSX's dividend yield for the trailing twelve months is around 8.81%, more than VFAIX's 1.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZMSX Multi-Manager Small Cap Equity Strategies Fund | 8.81% | 8.85% | 3.05% | 2.04% | 10.31% | 17.14% | 0.31% | 5.75% | 7.94% | 7.88% | 0.00% | 0.00% |
VFAIX Vanguard Financials Index Fund Admiral Shares | 1.61% | 1.56% | 1.75% | 2.08% | 2.31% | 2.62% | 2.21% | 2.17% | 2.30% | 1.54% | 1.64% | 2.00% |
Drawdowns
CZMSX vs. VFAIX - Drawdown Comparison
The maximum CZMSX drawdown since its inception was -40.96%, smaller than the maximum VFAIX drawdown of -78.64%. Use the drawdown chart below to compare losses from any high point for CZMSX and VFAIX.
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Drawdown Indicators
| CZMSX | VFAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.96% | -78.64% | +37.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.87% | -14.72% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -37.16% | -25.71% | -11.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.37% | — |
Current DrawdownCurrent decline from peak | -13.22% | -11.94% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -18.69% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 4.92% | -1.23% |
Volatility
CZMSX vs. VFAIX - Volatility Comparison
Multi-Manager Small Cap Equity Strategies Fund (CZMSX) has a higher volatility of 6.72% compared to Vanguard Financials Index Fund Admiral Shares (VFAIX) at 4.84%. This indicates that CZMSX's price experiences larger fluctuations and is considered to be riskier than VFAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CZMSX | VFAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 4.84% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 11.74% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 19.94% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 19.42% | +4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 22.63% | +1.64% |