HDSVX vs. HDPBX

Last updated Jun 3, 2026

HDSVX (Hodges Small Intrinsic Value Fund) and HDPBX (Hodges Blue Chip Equity Income Fund) are both mutual funds - HDSVX is a Small Cap Value Equities fund managed by Hodges, while HDPBX is a Large Cap Blend Equities fund managed by Hodges. Over the past 10 years, HDSVX returned 10.65%/yr vs 17.19%/yr for HDPBX. A 0.73 correlation means they provide meaningful diversification when combined. HDSVX charges 1.29%/yr vs 1.30%/yr for HDPBX.

Performance

HDSVX vs. HDPBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hodges Small Intrinsic Value Fund (HDSVX) and Hodges Blue Chip Equity Income Fund (HDPBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDSVX achieves a 18.70% return, which is significantly higher than HDPBX's 7.92% return. Over the past 10 years, HDSVX has underperformed HDPBX with an annualized return of 10.65%, while HDPBX has yielded a comparatively higher 17.19% annualized return.

HDSVX

• 1D: 0.14%
• 1M: 2.77%
• YTD: 18.70%
• 6M: 18.47%
• 1Y: 35.27%
• 3Y*: 13.17%
• 5Y*: 7.29%
• 10Y*: 10.65%

HDPBX

• 1D: 0.37%
• 1M: 4.60%
• YTD: 7.92%
• 6M: 8.55%
• 1Y: 29.11%
• 3Y*: 31.08%
• 5Y*: 19.28%
• 10Y*: 17.19%

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

HDSVX vs. HDPBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDSVX Hodges Small Intrinsic Value Fund	18.70%	-0.73%	7.82%	18.32%	-9.87%	43.97%	6.60%	29.42%	-22.85%	8.77%
HDPBX Hodges Blue Chip Equity Income Fund	7.92%	23.40%	52.30%	21.54%	-11.52%	23.61%	15.88%	30.72%	-9.38%	24.73%

Correlation

The correlation between HDSVX and HDPBX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.73

The correlation between HDSVX and HDPBX shifts across timeframes, from 0.65 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

HDSVX vs. HDPBX — Risk / Return Rank

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

HDSVX

HDSVX Risk / Return Rank: 41
HDSVX Sharpe Ratio Rank: 37
HDSVX Sortino Ratio Rank: 39
HDSVX Omega Ratio Rank: 32
HDSVX Calmar Ratio Rank: 58
HDSVX Martin Ratio Rank: 36

HDPBX

HDPBX Risk / Return Rank: 51
HDPBX Sharpe Ratio Rank: 58
HDPBX Sortino Ratio Rank: 56
HDPBX Omega Ratio Rank: 53
HDPBX Calmar Ratio Rank: 40
HDPBX Martin Ratio Rank: 47

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.

HDSVX vs. HDPBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hodges Small Intrinsic Value Fund (HDSVX) and Hodges Blue Chip Equity Income Fund (HDPBX). 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.

	HDSVX	HDPBX	Difference
Sharpe ratio Return per unit of total volatility	1.79	2.24	-0.45
Sortino ratio Return per unit of downside risk	2.61	3.13	-0.52
Omega ratio Gain probability vs. loss probability	1.30	1.40	-0.10
Calmar ratio Return relative to maximum drawdown	2.94	2.43	+0.51
Martin ratio Return relative to average drawdown	8.16	9.87	-1.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDSVX vs. HDPBX - Sharpe Ratio Comparison

The current HDSVX Sharpe Ratio is 1.79, which is comparable to the HDPBX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of HDSVX and HDPBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HDSVX	HDPBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.24	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	1.03	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.89	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.81	-0.43

Drawdowns

HDSVX vs. HDPBX - Drawdown Comparison

The maximum HDSVX drawdown since its inception was -58.65%, which is greater than HDPBX's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for HDSVX and HDPBX.

Drawdown Indicators

	HDSVX	HDPBX	Difference
Max Drawdown Largest peak-to-trough decline	-58.65%	-35.10%	-23.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	-12.48%	+0.58%
Max Drawdown (3Y) Largest decline over 3 years	-28.24%	-20.96%	-7.28%
Max Drawdown (5Y) Largest decline over 5 years	-28.24%	-21.76%	-6.48%
Max Drawdown (10Y) Largest decline over 10 years	-58.65%	-35.10%	-23.55%
Current Drawdown Current decline from peak	-1.17%	0.00%	-1.17%
Average Drawdown Average peak-to-trough decline	-8.79%	-3.97%	-4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	3.07%	+1.22%

Volatility

HDSVX vs. HDPBX - Volatility Comparison

Hodges Small Intrinsic Value Fund (HDSVX) has a higher volatility of 5.11% compared to Hodges Blue Chip Equity Income Fund (HDPBX) at 3.29%. This indicates that HDSVX's price experiences larger fluctuations and is considered to be riskier than HDPBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDSVX	HDPBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	3.29%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	13.13%	10.48%	+2.65%
Volatility (1Y) Calculated over the trailing 1-year period	20.05%	13.62%	+6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.13%	18.87%	+3.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.38%	19.28%	+6.10%

HDSVX vs. HDPBX - Expense Ratio Comparison

HDSVX has a 1.29% expense ratio, which is lower than HDPBX's 1.30% expense ratio.

Dividends

HDSVX vs. HDPBX - Dividend Comparison

HDSVX's dividend yield for the trailing twelve months is around 0.92%, less than HDPBX's 4.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDPBX Hodges Blue Chip Equity Income Fund	4.58%	4.97%	27.38%	0.90%	8.75%	10.88%	5.26%	7.59%	5.83%	9.44%	5.04%	7.86%
HDSVX Hodges Small Intrinsic Value Fund	0.92%	1.09%	9.55%	0.06%	2.93%	6.17%	0.00%	0.02%	9.82%	2.93%	0.00%	0.81%

Frequently Asked Questions

Can I hold both HDSVX and HDPBX in my portfolio?

HDSVX and HDPBX 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.

Which is riskier, HDSVX or HDPBX?

HDSVX has higher volatility (5.11%) compared to HDPBX (3.29%). In terms of maximum drawdown, HDSVX dropped -58.65% vs HDPBX's -35.10%.

Which has better risk-adjusted returns?

HDPBX currently has the higher Sharpe Ratio (2.24 vs 1.79), 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.