HRTVX vs. ANCIX

Last updated Apr 2, 2026

Compare and contrast key facts about Heartland Value Fund (HRTVX) and Ancora MicroCap Fund (ANCIX).

HRTVX is managed by Heartland. It was launched on Dec 28, 1984. ANCIX is managed by Ancora. It was launched on Sep 2, 2008.

Performance

HRTVX vs. ANCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Heartland Value Fund (HRTVX) and Ancora MicroCap Fund (ANCIX). The values are adjusted to include any dividend payments, if applicable.

HRTVX vs. ANCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HRTVX Heartland Value Fund	7.35%	15.94%	15.76%	17.15%	-10.04%	21.86%	13.12%	17.93%	-12.10%	8.45%
ANCIX Ancora MicroCap Fund	5.35%	-2.35%	-2.06%	24.98%	-7.92%	37.42%	4.59%	10.98%	-22.08%	17.97%

Returns By Period

HRTVX

• 1D: 2.41%
• 1M: -5.76%
• YTD: 7.35%
• 6M: 9.98%
• 1Y: 31.24%
• 3Y*: 17.99%
• 5Y*: 10.07%
• 10Y*: 11.03%

ANCIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HRTVX vs. ANCIX - Expense Ratio Comparison

HRTVX has a 1.04% expense ratio, which is lower than ANCIX's 1.74% expense ratio.

ANCIX

Ancora MicroCap Fund

HRTVX

Heartland Value Fund

Return for Risk

HRTVX vs. ANCIX — Risk / Return Rank

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

HRTVX

HRTVX Risk / Return Rank: 81
HRTVX Sharpe Ratio Rank: 80
HRTVX Sortino Ratio Rank: 82
HRTVX Omega Ratio Rank: 74
HRTVX Calmar Ratio Rank: 86
HRTVX Martin Ratio Rank: 83

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.

HRTVX vs. ANCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Heartland Value Fund (HRTVX) and Ancora MicroCap Fund (ANCIX). 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.

	HRTVX	ANCIX	Difference
Sharpe ratio Return per unit of total volatility	1.55	—	—
Sortino ratio Return per unit of downside risk	2.21	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	2.37	—	—
Martin ratio Return relative to average drawdown	9.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HRTVX	ANCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	—	—

Correlation

The correlation between HRTVX and ANCIX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HRTVX vs. ANCIX - Dividend Comparison

HRTVX's dividend yield for the trailing twelve months is around 8.65%, less than ANCIX's 15.21% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRTVX Heartland Value Fund	8.65%	9.29%	8.91%	5.65%	3.01%	13.50%	0.76%	3.12%	7.26%	6.43%	3.56%	8.25%
ANCIX Ancora MicroCap Fund	15.21%	4.30%	0.00%	4.57%	0.00%	0.00%	0.00%	1.52%	14.15%	7.81%	1.60%	15.56%

Drawdowns

Drawdown Indicators

	HRTVX	ANCIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.68%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.31%	—	—
Current Drawdown Current decline from peak	-5.91%	—	—
Average Drawdown Average peak-to-trough decline	-9.07%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	—	—

Volatility

Volatility by Period

	HRTVX	ANCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.61%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.53%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.02%	—	—