HOVLX vs. BUSA

Last updated Jun 5, 2026

HOVLX (Homestead Funds Value Fund) and BUSA (Brandes U.S. Value ETF) are both Large Cap Value Equities funds. Over the past year, HOVLX returned 21.29% vs 24.37% for BUSA. Their correlation of 0.88 suggests significant overlap in exposure. HOVLX charges 0.63%/yr vs 0.60%/yr for BUSA.

Performance

HOVLX vs. BUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Homestead Funds Value Fund (HOVLX) and Brandes U.S. Value ETF (BUSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HOVLX having a 8.24% return and BUSA slightly higher at 8.42%.

HOVLX

• 1D: -0.04%
• 1M: 2.13%
• YTD: 8.24%
• 6M: 9.65%
• 1Y: 21.29%
• 3Y*: 16.61%
• 5Y*: 9.52%
• 10Y*: 12.21%

BUSA

• 1D: 1.39%
• 1M: 2.61%
• YTD: 8.42%
• 6M: 10.80%
• 1Y: 24.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOVLX vs. BUSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HOVLX Homestead Funds Value Fund	8.24%	14.60%	14.29%	12.42%
BUSA Brandes U.S. Value ETF	8.42%	17.56%	15.76%	10.65%

Correlation

The correlation between HOVLX and BUSA is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023	0.88

The correlation between HOVLX and BUSA has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

HOVLX vs. BUSA — Risk / Return Rank

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

HOVLX

HOVLX Risk / Return Rank: 46
HOVLX Sharpe Ratio Rank: 45
HOVLX Sortino Ratio Rank: 46
HOVLX Omega Ratio Rank: 43
HOVLX Calmar Ratio Rank: 47
HOVLX Martin Ratio Rank: 52

BUSA

BUSA Risk / Return Rank: 63
BUSA Sharpe Ratio Rank: 62
BUSA Sortino Ratio Rank: 64
BUSA Omega Ratio Rank: 61
BUSA Calmar Ratio Rank: 66
BUSA Martin Ratio Rank: 62

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.

HOVLX vs. BUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Homestead Funds Value Fund (HOVLX) and Brandes U.S. Value ETF (BUSA). 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.

	HOVLX	BUSA	Difference
Sharpe ratio: Return per unit of total volatility	1.94	2.06	-0.12
Sortino ratio: Return per unit of downside risk	2.84	2.93	-0.09
Omega ratio: Gain probability vs. loss probability	1.35	1.36	-0.01
Calmar ratio: Return relative to maximum drawdown	2.60	3.22	-0.62
Martin ratio: Return relative to average drawdown	10.45	10.94	-0.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOVLX vs. BUSA - Sharpe Ratio Comparison

The current HOVLX Sharpe Ratio is 1.94, which is comparable to the BUSA Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of HOVLX and BUSA, 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

	HOVLX	BUSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	2.06	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.49	-0.88

Drawdowns

HOVLX vs. BUSA - Drawdown Comparison

The maximum HOVLX drawdown since its inception was -57.90%, which is greater than BUSA's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for HOVLX and BUSA.

Drawdown Indicators

	HOVLX	BUSA	Difference
Max Drawdown Largest peak-to-trough decline	-57.90%	-14.19%	-43.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-7.61%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	-15.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.08%	—	—
Current Drawdown Current decline from peak	-0.04%	0.00%	-0.04%
Average Drawdown Average peak-to-trough decline	-6.82%	-2.15%	-4.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.23%	-0.18%

Volatility

HOVLX vs. BUSA - Volatility Comparison

The current volatility for Homestead Funds Value Fund (HOVLX) is 2.62%, while Brandes U.S. Value ETF (BUSA) has a volatility of 2.79%. This indicates that HOVLX experiences smaller price fluctuations and is considered to be less risky than BUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOVLX	BUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	2.79%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	8.53%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	11.88%	-0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	13.66%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.90%	13.66%	+4.24%

HOVLX vs. BUSA - Expense Ratio Comparison

HOVLX has a 0.63% expense ratio, which is higher than BUSA's 0.60% expense ratio.

Dividends

HOVLX vs. BUSA - Dividend Comparison

HOVLX's dividend yield for the trailing twelve months is around 9.81%, more than BUSA's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUSA Brandes U.S. Value ETF	1.46%	1.53%	1.37%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HOVLX Homestead Funds Value Fund	9.81%	10.62%	9.71%	5.75%	10.54%	8.65%	16.55%	15.30%	11.01%	5.34%	10.00%	7.22%

Frequently Asked Questions

Can I hold both HOVLX and BUSA in my portfolio?

HOVLX and BUSA have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOVLX or BUSA?

BUSA has higher volatility (2.79%) compared to HOVLX (2.62%). In terms of maximum drawdown, HOVLX dropped -57.90% vs BUSA's -14.19%.

Which has better risk-adjusted returns?

BUSA currently has the higher Sharpe Ratio (2.06 vs 1.94), 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.