CZOVX vs. ZDIVX

Last updated Aug 1, 2026

CZOVX (Zacks All-Cap Core Fund) and ZDIVX (Zacks Dividend Fund) are both mutual funds - CZOVX is a Large Cap Blend Equities fund managed by Zacks, while ZDIVX is a Large Cap Value Equities fund managed by Zacks. Over the past 10 years, CZOVX returned 13.72%/yr vs 10.64%/yr for ZDIVX. Their correlation of 0.83 means they have usually moved in the same direction. CZOVX charges 1.00%/yr vs 1.30%/yr for ZDIVX.

Performance

CZOVX vs. ZDIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks All-Cap Core Fund (CZOVX) and Zacks Dividend Fund (ZDIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CZOVX achieves a 9.92% return, which is significantly lower than ZDIVX's 13.27% return. Over the past 10 years, CZOVX has outperformed ZDIVX with an annualized return of 13.72%, while ZDIVX has yielded a comparatively lower 10.64% annualized return.

CZOVX

• 1D: 1.73%
• 1M: -1.85%
• 6M: 7.51%
• YTD: 9.92%
• 1Y: 18.70%
• 3Y*: 18.17%
• 5Y*: 11.77%
• 10Y*: 13.72%
• ALL TIME*: 13.13%

ZDIVX

• 1D: -0.09%
• 1M: 1.30%
• 6M: 8.65%
• YTD: 13.27%
• 1Y: 22.88%
• 3Y*: 15.93%
• 5Y*: 10.90%
• 10Y*: 10.64%
• ALL TIME*: 9.79%

*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)
CZOVX Zacks All-Cap Core Fund	$0.00	$0.00	$0.00
ZDIVX Zacks Dividend Fund	$0.00	$0.00	$0.00

CZOVX vs. ZDIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CZOVX Zacks All-Cap Core Fund	9.92%	15.61%	24.75%	23.62%	-18.23%	29.23%	15.24%	29.34%	-5.32%	22.01%
ZDIVX Zacks Dividend Fund	13.27%	15.24%	16.03%	4.36%	-2.11%	25.17%	-0.56%	24.88%	-6.01%	16.20%

Correlation

The correlation between CZOVX and ZDIVX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.83

Over the past year, the correlation between CZOVX and ZDIVX has dropped to 0.61 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

CZOVX vs. ZDIVX — Risk / Return Rank

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

CZOVX

CZOVX Risk / Return Rank: 49
CZOVX Sharpe Ratio Rank: 43
CZOVX Sortino Ratio Rank: 42
CZOVX Omega Ratio Rank: 40
CZOVX Calmar Ratio Rank: 53
CZOVX Martin Ratio Rank: 65

ZDIVX

ZDIVX Risk / Return Rank: 86
ZDIVX Sharpe Ratio Rank: 87
ZDIVX Sortino Ratio Rank: 86
ZDIVX Omega Ratio Rank: 82
ZDIVX Calmar Ratio Rank: 87
ZDIVX Martin Ratio Rank: 88

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.

CZOVX vs. ZDIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks All-Cap Core Fund (CZOVX) and Zacks Dividend Fund (ZDIVX). 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.

	CZOVX	ZDIVX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.13	-0.88
Sortino ratio: Return per unit of downside risk	1.80	3.12	-1.33
Omega ratio: Gain probability vs. loss probability	1.22	1.38	-0.16
Calmar ratio: Return relative to maximum drawdown	1.93	3.05	-1.13
Martin ratio: Return relative to average drawdown	8.28	11.54	-3.26

CZOVX vs. ZDIVX - Sharpe Ratio Comparison

The current CZOVX Sharpe Ratio is 1.25, which is lower than the ZDIVX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of CZOVX and ZDIVX, 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

CZOVX vs. ZDIVX - Drawdown Comparison

The maximum CZOVX drawdown since its inception was -32.97%, smaller than the maximum ZDIVX drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for CZOVX and ZDIVX.

Drawdown Indicators

	CZOVX	ZDIVX	Difference
Max Drawdown Largest peak-to-trough decline	-32.97%	-35.27%	+2.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.49%	-6.93%	-1.56%
Max Drawdown (3Y) Largest decline over 3 years	-18.17%	-14.07%	-4.10%
Max Drawdown (5Y) Largest decline over 5 years	-23.68%	-17.18%	-6.50%
Max Drawdown (10Y) Largest decline over 10 years	-32.97%	-35.27%	+2.30%
Current Drawdown Current decline from peak	-2.82%	-1.42%	-1.40%
Average Drawdown Average peak-to-trough decline	-3.96%	-3.85%	-0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.83%	+0.15%

Volatility

CZOVX vs. ZDIVX - Volatility Comparison

Zacks All-Cap Core Fund (CZOVX) has a higher volatility of 3.58% compared to Zacks Dividend Fund (ZDIVX) at 2.75%. This indicates that CZOVX's price experiences larger fluctuations and is considered to be riskier than ZDIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CZOVX	ZDIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	2.75%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	7.45%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	9.94%	+3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.67%	13.46%	+3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.65%	16.17%	+1.48%

CZOVX vs. ZDIVX - Expense Ratio Comparison

CZOVX has a 1.00% expense ratio, which is lower than ZDIVX's 1.30% expense ratio.

Dividends

CZOVX vs. ZDIVX - Dividend Comparison

CZOVX's dividend yield for the trailing twelve months is around 2.10%, less than ZDIVX's 3.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CZOVX Zacks All-Cap Core Fund	2.10%	2.31%	13.81%	27.08%	12.67%	5.83%	5.45%	9.19%	11.09%	8.16%	7.84%	5.91%
ZDIVX Zacks Dividend Fund	3.27%	3.70%	5.88%	6.01%	6.32%	3.97%	2.81%	2.51%	6.66%	3.30%	1.59%	2.85%

Frequently Asked Questions

Can I hold both CZOVX and ZDIVX in my portfolio?

CZOVX and ZDIVX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CZOVX or ZDIVX?

CZOVX has higher volatility (3.58%) compared to ZDIVX (2.75%). In terms of maximum drawdown, CZOVX dropped -32.97% vs ZDIVX's -35.27%.

Which has better risk-adjusted returns?

ZDIVX currently has the higher Sharpe Ratio (2.13 vs 1.25), 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.