HDCTX vs. LGVAX
HDCTX (Rational Equity Armor Fund) and LGVAX (ClearBridge Value Fund Class A) are both Large Cap Value Equities funds. Over the past 10 years, HDCTX returned 5.01%/yr vs 12.18%/yr for LGVAX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. HDCTX charges 1.17%/yr vs 1.01%/yr for LGVAX.
Performance
HDCTX vs. LGVAX - Performance Comparison
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Returns By Period
In the year-to-date period, HDCTX achieves a 7.27% return, which is significantly lower than LGVAX's 13.94% return. Over the past 10 years, HDCTX has underperformed LGVAX with an annualized return of 5.01%, while LGVAX has yielded a comparatively higher 12.18% annualized return.
HDCTX
- 1D
- 1.14%
- 1M
- -0.43%
- 6M
- 5.50%
- YTD
- 7.27%
- 1Y
- 14.26%
- 3Y*
- 13.30%
- 5Y*
- 6.21%
- 10Y*
- 5.01%
- ALL TIME*
- 5.71%
LGVAX
- 1D
- 0.22%
- 1M
- 1.39%
- 6M
- 8.06%
- YTD
- 13.94%
- 1Y
- 26.02%
- 3Y*
- 14.91%
- 5Y*
- 11.44%
- 10Y*
- 12.18%
- ALL TIME*
- 13.50%
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 |
HDCTX vs. LGVAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDCTX Rational Equity Armor Fund | 7.27% | 12.64% | 16.85% | 2.95% | -10.68% | 14.52% | 15.85% | 11.32% | -11.94% | -1.99% |
LGVAX ClearBridge Value Fund Class A | 13.94% | 10.56% | 15.04% | 19.69% | -6.33% | 27.81% | 11.40% | 27.04% | -12.93% | 14.59% |
Correlation
The correlation between HDCTX and LGVAX is 0.65, 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. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2009 | 0.79 |
The correlation between HDCTX and LGVAX shifts across timeframes, from 0.65 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HDCTX vs. LGVAX — Risk / Return Rank
HDCTX
LGVAX
HDCTX vs. LGVAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rational Equity Armor Fund (HDCTX) and ClearBridge Value Fund Class A (LGVAX). 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.
| HDCTX | LGVAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 3.08 | -1.20 |
| Martin ratioReturn relative to average drawdown | 4.29 | 12.37 | -8.08 |
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Drawdowns
HDCTX vs. LGVAX - Drawdown Comparison
The maximum HDCTX drawdown since its inception was -59.05%, which is greater than LGVAX's maximum drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for HDCTX and LGVAX.
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Drawdown Indicators
| HDCTX | LGVAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -40.40% | -18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -7.81% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -11.74% | -19.09% | +7.35% |
Max Drawdown (5Y)Largest decline over 5 years | -18.22% | -20.41% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -18.82% | -40.40% | +21.58% |
Current DrawdownCurrent decline from peak | -4.39% | -0.10% | -4.29% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -5.16% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.95% | +1.10% |
Volatility
HDCTX vs. LGVAX - Volatility Comparison
Rational Equity Armor Fund (HDCTX) has a higher volatility of 2.41% compared to ClearBridge Value Fund Class A (LGVAX) at 2.05%. This indicates that HDCTX's price experiences larger fluctuations and is considered to be riskier than LGVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDCTX | LGVAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 2.05% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 9.19% | -1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.69% | 12.39% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.64% | 17.52% | -6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 19.13% | -7.57% |
HDCTX vs. LGVAX - Expense Ratio Comparison
HDCTX has a 1.17% expense ratio, which is higher than LGVAX's 1.01% expense ratio.
Dividends
HDCTX vs. LGVAX - Dividend Comparison
HDCTX's dividend yield for the trailing twelve months is around 0.19%, less than LGVAX's 9.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDCTX Rational Equity Armor Fund | 0.19% | 0.00% | 0.00% | 0.17% | 0.78% | 1.21% | 1.10% | 5.37% | 7.86% | 5.60% | 3.28% | 15.32% |
LGVAX ClearBridge Value Fund Class A | 9.45% | 10.76% | 10.83% | 12.64% | 8.49% | 18.44% | 6.01% | 0.54% | 1.86% | 0.50% | 0.93% | 0.39% |
Frequently Asked Questions
HDCTX and LGVAX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDCTX has higher volatility (2.41%) compared to LGVAX (2.05%). In terms of maximum drawdown, HDCTX dropped -59.05% vs LGVAX's -40.40%.
LGVAX currently has the higher Sharpe Ratio (1.95 vs 1.35), 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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