DRSVX vs. TASCX

Last updated Jun 24, 2026

DRSVX (Foundry Partners Fundamental Small Cap Value Fund) and TASCX (Third Avenue Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, DRSVX returned 10.18%/yr vs 11.00%/yr for TASCX. Their correlation of 0.91 suggests significant overlap in exposure. DRSVX charges 1.28%/yr vs 1.15%/yr for TASCX.

Performance

DRSVX vs. TASCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Foundry Partners Fundamental Small Cap Value Fund (DRSVX) and Third Avenue Small Cap Value Fund (TASCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRSVX achieves a 20.90% return, which is significantly higher than TASCX's 16.38% return. Over the past 10 years, DRSVX has underperformed TASCX with an annualized return of 10.18%, while TASCX has yielded a comparatively higher 11.00% annualized return.

DRSVX

• 1D: 0.18%
• 1M: 3.03%
• YTD: 20.90%
• 6M: 19.19%
• 1Y: 37.20%
• 3Y*: 16.00%
• 5Y*: 9.87%
• 10Y*: 10.18%

TASCX

• 1D: 0.00%
• 1M: 1.35%
• YTD: 16.38%
• 6M: 14.39%
• 1Y: 31.55%
• 3Y*: 17.24%
• 5Y*: 11.39%
• 10Y*: 11.00%

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

DRSVX vs. TASCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRSVX Foundry Partners Fundamental Small Cap Value Fund	20.90%	7.88%	3.48%	16.49%	-3.94%	31.23%	-1.97%	22.52%	-16.58%	7.52%
TASCX Third Avenue Small Cap Value Fund	16.38%	14.79%	3.04%	22.49%	-1.87%	25.92%	-2.96%	22.92%	-12.55%	8.89%

Correlation

The correlation between DRSVX and TASCX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 31, 2003	0.91

The correlation between DRSVX and TASCX shifts across timeframes, from 0.80 (3 years) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DRSVX vs. TASCX — Risk / Return Rank

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

DRSVX

DRSVX Risk / Return Rank: 72
DRSVX Sharpe Ratio Rank: 73
DRSVX Sortino Ratio Rank: 75
DRSVX Omega Ratio Rank: 60
DRSVX Calmar Ratio Rank: 86
DRSVX Martin Ratio Rank: 64

TASCX

TASCX Risk / Return Rank: 79
TASCX Sharpe Ratio Rank: 73
TASCX Sortino Ratio Rank: 77
TASCX Omega Ratio Rank: 62
TASCX Calmar Ratio Rank: 94
TASCX Martin Ratio Rank: 90

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.

DRSVX vs. TASCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Foundry Partners Fundamental Small Cap Value Fund (DRSVX) and Third Avenue Small Cap Value Fund (TASCX). 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.

	DRSVX	TASCX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.29	+0.01
Sortino ratio: Return per unit of downside risk	3.30	3.38	-0.08
Omega ratio: Gain probability vs. loss probability	1.39	1.40	-0.01
Calmar ratio: Return relative to maximum drawdown	3.94	5.19	-1.25
Martin ratio: Return relative to average drawdown	11.72	16.34	-4.62

DRSVX vs. TASCX - Sharpe Ratio Comparison

The current DRSVX Sharpe Ratio is 2.30, which is comparable to the TASCX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of DRSVX and TASCX, 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

DRSVX vs. TASCX - Drawdown Comparison

The maximum DRSVX drawdown since its inception was -54.75%, smaller than the maximum TASCX drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for DRSVX and TASCX.

Drawdown Indicators

	DRSVX	TASCX	Difference
Max Drawdown Largest peak-to-trough decline	-54.75%	-58.55%	+3.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-6.29%	-3.53%
Max Drawdown (3Y) Largest decline over 3 years	-25.81%	-30.26%	+4.45%
Max Drawdown (5Y) Largest decline over 5 years	-25.81%	-30.26%	+4.45%
Max Drawdown (10Y) Largest decline over 10 years	-47.46%	-40.45%	-7.01%
Current Drawdown Current decline from peak	-1.34%	-1.64%	+0.30%
Average Drawdown Average peak-to-trough decline	-7.88%	-8.60%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.30%	2.00%	+1.30%

Volatility

DRSVX vs. TASCX - Volatility Comparison

Foundry Partners Fundamental Small Cap Value Fund (DRSVX) has a higher volatility of 4.39% compared to Third Avenue Small Cap Value Fund (TASCX) at 2.97%. This indicates that DRSVX's price experiences larger fluctuations and is considered to be riskier than TASCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRSVX	TASCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	2.97%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	11.21%	9.04%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	16.87%	14.31%	+2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.93%	25.34%	-4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.32%	24.14%	-0.82%

DRSVX vs. TASCX - Expense Ratio Comparison

DRSVX has a 1.28% expense ratio, which is higher than TASCX's 1.15% expense ratio.

Dividends

DRSVX vs. TASCX - Dividend Comparison

DRSVX's dividend yield for the trailing twelve months is around 0.80%, less than TASCX's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRSVX Foundry Partners Fundamental Small Cap Value Fund	0.80%	0.97%	25.59%	11.12%	11.47%	15.14%	0.77%	3.45%	9.93%	3.39%	2.55%	13.22%
TASCX Third Avenue Small Cap Value Fund	3.24%	3.78%	11.87%	14.38%	5.40%	8.55%	1.50%	7.75%	12.67%	13.61%	9.15%	14.70%

Frequently Asked Questions

Can I hold both DRSVX and TASCX in my portfolio?

DRSVX and TASCX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRSVX or TASCX?

DRSVX has higher volatility (4.39%) compared to TASCX (2.97%). In terms of maximum drawdown, DRSVX dropped -54.75% vs TASCX's -58.55%.

Which has better risk-adjusted returns?

DRSVX currently has the higher Sharpe Ratio (2.30 vs 2.29), 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.