GCAVX vs. VSCAX
GCAVX (GMO U.S. Small Cap Value Fund) and VSCAX (Invesco Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 5 years, GCAVX returned 12.09%/yr vs 19.52%/yr for VSCAX. Their correlation of 0.89 means they have usually moved in the same direction. GCAVX charges 0.42%/yr vs 1.12%/yr for VSCAX.
Performance
GCAVX vs. VSCAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GCAVX having a 20.94% return and VSCAX slightly higher at 21.61%.
GCAVX
- 1D
- -0.19%
- 1M
- 2.20%
- 6M
- 14.56%
- YTD
- 20.94%
- 1Y
- 43.07%
- 3Y*
- 18.14%
- 5Y*
- 12.09%
- 10Y*
- —
- ALL TIME*
- 13.38%
VSCAX
- 1D
- 2.74%
- 1M
- -4.65%
- 6M
- 10.32%
- YTD
- 21.61%
- 1Y
- 43.14%
- 3Y*
- 24.02%
- 5Y*
- 19.52%
- 10Y*
- 16.74%
- ALL TIME*
- 12.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GCAVX vs. VSCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GCAVX GMO U.S. Small Cap Value Fund | 20.94% | 15.27% | 11.16% | 22.72% | -14.22% | 35.66% | 2.38% | 7.27% |
VSCAX Invesco Small Cap Value Fund | 21.61% | 17.70% | 24.54% | 22.84% | 4.31% | 36.34% | 10.81% | 7.65% |
Correlation
The correlation between GCAVX and VSCAX is 0.75, 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. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2019 | 0.89 |
The correlation between GCAVX and VSCAX shifts across timeframes, from 0.75 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GCAVX vs. VSCAX — Risk / Return Rank
GCAVX
VSCAX
GCAVX vs. VSCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO U.S. Small Cap Value Fund (GCAVX) and Invesco Small Cap Value Fund (VSCAX). 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.
| GCAVX | VSCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 3.25 | +0.56 |
| Martin ratioReturn relative to average drawdown | 13.62 | 10.24 | +3.38 |
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Drawdowns
GCAVX vs. VSCAX - Drawdown Comparison
The maximum GCAVX drawdown since its inception was -48.22%, smaller than the maximum VSCAX drawdown of -57.77%. Use the drawdown chart below to compare losses from any high point for GCAVX and VSCAX.
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Drawdown Indicators
| GCAVX | VSCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.22% | -57.77% | +9.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -12.11% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -26.15% | -25.29% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.15% | -25.29% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.77% | — |
Current DrawdownCurrent decline from peak | -1.52% | -9.71% | +8.19% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -8.87% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 3.86% | -0.89% |
Volatility
GCAVX vs. VSCAX - Volatility Comparison
The current volatility for GMO U.S. Small Cap Value Fund (GCAVX) is 4.34%, while Invesco Small Cap Value Fund (VSCAX) has a volatility of 7.94%. This indicates that GCAVX experiences smaller price fluctuations and is considered to be less risky than VSCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCAVX | VSCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 7.94% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 18.53% | -6.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 23.32% | -4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.66% | 23.44% | -1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.43% | 26.73% | -0.30% |
GCAVX vs. VSCAX - Expense Ratio Comparison
GCAVX has a 0.42% expense ratio, which is lower than VSCAX's 1.12% expense ratio.
Dividends
GCAVX vs. VSCAX - Dividend Comparison
GCAVX's dividend yield for the trailing twelve months is around 8.64%, more than VSCAX's 7.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCAVX GMO U.S. Small Cap Value Fund | 8.64% | 2.94% | 1.68% | 1.85% | 10.92% | 41.19% | 1.54% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
VSCAX Invesco Small Cap Value Fund | 7.58% | 9.22% | 7.90% | 4.93% | 10.12% | 16.90% | 0.30% | 2.53% | 28.45% | 16.65% | 1.71% | 11.08% |
Frequently Asked Questions
GCAVX and VSCAX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSCAX has higher volatility (7.94%) compared to GCAVX (4.34%). In terms of maximum drawdown, GCAVX dropped -48.22% vs VSCAX's -57.77%.
GCAVX currently has the higher Sharpe Ratio (2.19 vs 1.69), 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.
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