HRVIX vs. HRMDX
Compare and contrast key facts about Heartland Value Plus Fund (HRVIX) and Heartland Mid Cap Value Fund (HRMDX).
HRVIX is managed by Heartland. It was launched on Oct 26, 1993. HRMDX is managed by Heartland. It was launched on Oct 31, 2014.
Performance
HRVIX vs. HRMDX - Performance Comparison
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HRVIX vs. HRMDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRVIX Heartland Value Plus Fund | 4.95% | 1.06% | -0.28% | 1.83% | -4.99% | 24.89% | 12.62% | 26.00% | -13.12% | 9.81% |
HRMDX Heartland Mid Cap Value Fund | 4.09% | 0.12% | 3.68% | 13.37% | -3.09% | 28.13% | 6.93% | 25.30% | -8.58% | 8.14% |
Returns By Period
In the year-to-date period, HRVIX achieves a 4.95% return, which is significantly higher than HRMDX's 4.09% return. Over the past 10 years, HRVIX has underperformed HRMDX with an annualized return of 8.20%, while HRMDX has yielded a comparatively higher 9.72% annualized return.
HRVIX
- 1D
- 2.64%
- 1M
- -7.65%
- YTD
- 4.95%
- 6M
- 4.49%
- 1Y
- 15.33%
- 3Y*
- 2.39%
- 5Y*
- 0.92%
- 10Y*
- 8.20%
HRMDX
- 1D
- 1.70%
- 1M
- -7.79%
- YTD
- 4.09%
- 6M
- 1.94%
- 1Y
- 3.44%
- 3Y*
- 5.92%
- 5Y*
- 5.31%
- 10Y*
- 9.72%
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HRVIX vs. HRMDX - Expense Ratio Comparison
HRVIX has a 1.15% expense ratio, which is higher than HRMDX's 1.10% expense ratio.
Return for Risk
HRVIX vs. HRMDX — Risk / Return Rank
HRVIX
HRMDX
HRVIX vs. HRMDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heartland Value Plus Fund (HRVIX) and Heartland Mid Cap Value Fund (HRMDX). 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.
| HRVIX | HRMDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.20 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.12 | 0.42 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.05 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.34 | +0.66 |
Martin ratioReturn relative to average drawdown | 3.42 | 1.11 | +2.31 |
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
| HRVIX | HRMDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.20 | +0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.33 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.50 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.43 | +0.03 |
Correlation
The correlation between HRVIX and HRMDX is 0.89, 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
HRVIX vs. HRMDX - Dividend Comparison
HRVIX's dividend yield for the trailing twelve months is around 0.59%, less than HRMDX's 2.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRVIX Heartland Value Plus Fund | 0.59% | 0.62% | 3.00% | 1.43% | 2.25% | 24.50% | 1.03% | 1.47% | 1.13% | 0.14% | 0.65% | 8.78% |
HRMDX Heartland Mid Cap Value Fund | 2.09% | 2.17% | 5.93% | 1.93% | 5.45% | 23.95% | 0.44% | 2.26% | 9.68% | 6.60% | 0.69% | 1.80% |
Drawdowns
HRVIX vs. HRMDX - Drawdown Comparison
The maximum HRVIX drawdown since its inception was -46.82%, which is greater than HRMDX's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for HRVIX and HRMDX.
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Drawdown Indicators
| HRVIX | HRMDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.82% | -42.61% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -12.44% | -3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -28.50% | -17.89% | -10.61% |
Max Drawdown (10Y)Largest decline over 10 years | -36.47% | -42.61% | +6.14% |
Current DrawdownCurrent decline from peak | -9.18% | -7.85% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -5.21% | -3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 3.88% | +0.72% |
Volatility
HRVIX vs. HRMDX - Volatility Comparison
Heartland Value Plus Fund (HRVIX) has a higher volatility of 6.19% compared to Heartland Mid Cap Value Fund (HRMDX) at 4.65%. This indicates that HRVIX's price experiences larger fluctuations and is considered to be riskier than HRMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRVIX | HRMDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 4.65% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 9.62% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 17.83% | +4.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 16.31% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 19.42% | +2.21% |