HRTVX vs. VBR
Compare and contrast key facts about Heartland Value Fund (HRTVX) and Vanguard Small-Cap Value ETF (VBR).
HRTVX is managed by Heartland. It was launched on Dec 28, 1984. VBR is a passively managed fund by Vanguard that tracks the performance of the CRSP US Small Cap Value Index. It was launched on Jan 26, 2004.
Performance
HRTVX vs. VBR - Performance Comparison
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HRTVX vs. VBR - 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% |
VBR Vanguard Small-Cap Value ETF | 3.59% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -12.28% | 11.81% |
Returns By Period
In the year-to-date period, HRTVX achieves a 7.35% return, which is significantly higher than VBR's 3.59% return. Over the past 10 years, HRTVX has outperformed VBR with an annualized return of 11.03%, while VBR has yielded a comparatively lower 10.14% annualized return.
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%
VBR
- 1D
- 0.41%
- 1M
- -4.79%
- YTD
- 3.59%
- 6M
- 5.25%
- 1Y
- 19.13%
- 3Y*
- 13.58%
- 5Y*
- 7.64%
- 10Y*
- 10.14%
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HRTVX vs. VBR - Expense Ratio Comparison
HRTVX has a 1.04% expense ratio, which is higher than VBR's 0.07% expense ratio.
Return for Risk
HRTVX vs. VBR — Risk / Return Rank
HRTVX
VBR
HRTVX vs. VBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heartland Value Fund (HRTVX) and Vanguard Small-Cap Value ETF (VBR). 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 | VBR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 0.93 | +0.62 |
Sortino ratioReturn per unit of downside risk | 2.21 | 1.43 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.37 | +1.00 |
Martin ratioReturn relative to average drawdown | 9.02 | 5.62 | +3.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HRTVX | VBR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 0.93 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.39 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.47 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.40 | +0.17 |
Correlation
The correlation between HRTVX and VBR is 0.91, 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. VBR - Dividend Comparison
HRTVX's dividend yield for the trailing twelve months is around 8.65%, more than VBR's 1.90% 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% |
VBR Vanguard Small-Cap Value ETF | 1.90% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Drawdowns
HRTVX vs. VBR - Drawdown Comparison
The maximum HRTVX drawdown since its inception was -61.68%, roughly equal to the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for HRTVX and VBR.
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Drawdown Indicators
| HRTVX | VBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.68% | -61.98% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.48% | -14.18% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -24.19% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -46.31% | -45.28% | -1.03% |
Current DrawdownCurrent decline from peak | -5.91% | -5.75% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -8.32% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.46% | +0.08% |
Volatility
HRTVX vs. VBR - Volatility Comparison
Heartland Value Fund (HRTVX) has a higher volatility of 6.14% compared to Vanguard Small-Cap Value ETF (VBR) at 5.40%. This indicates that HRTVX's price experiences larger fluctuations and is considered to be riskier than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRTVX | VBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 5.40% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 11.29% | +1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.61% | 20.64% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 19.85% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 21.73% | -0.71% |