HRVIX vs. TASCX
Compare and contrast key facts about Heartland Value Plus Fund (HRVIX) and Third Avenue Small Cap Value Fund (TASCX).
HRVIX is managed by Heartland. It was launched on Oct 26, 1993. TASCX is managed by Third Avenue. It was launched on Apr 1, 1997.
Performance
HRVIX vs. TASCX - Performance Comparison
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HRVIX vs. TASCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRVIX Heartland Value Plus Fund | 2.25% | 1.06% | -0.28% | 1.83% | -4.99% | 24.89% | 12.62% | 26.00% | -13.12% | 9.81% |
TASCX Third Avenue Small Cap Value Fund | 6.59% | 14.79% | 3.04% | 22.49% | -1.87% | 25.92% | -2.96% | 22.92% | -12.55% | 8.89% |
Returns By Period
In the year-to-date period, HRVIX achieves a 2.25% return, which is significantly lower than TASCX's 6.59% return. Over the past 10 years, HRVIX has underperformed TASCX with an annualized return of 7.92%, while TASCX has yielded a comparatively higher 10.22% annualized return.
HRVIX
- 1D
- -0.86%
- 1M
- -9.27%
- YTD
- 2.25%
- 6M
- 1.89%
- 1Y
- 12.61%
- 3Y*
- 1.51%
- 5Y*
- 0.65%
- 10Y*
- 7.92%
TASCX
- 1D
- 0.00%
- 1M
- -3.17%
- YTD
- 6.59%
- 6M
- 11.59%
- 1Y
- 27.41%
- 3Y*
- 14.03%
- 5Y*
- 10.00%
- 10Y*
- 10.22%
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HRVIX vs. TASCX - Expense Ratio Comparison
Both HRVIX and TASCX have an expense ratio of 1.15%.
Return for Risk
HRVIX vs. TASCX — Risk / Return Rank
HRVIX
TASCX
HRVIX vs. TASCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heartland Value Plus Fund (HRVIX) and Third Avenue Small Cap Value Fund (TASCX). 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 | TASCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 1.47 | -0.89 |
Sortino ratioReturn per unit of downside risk | 0.95 | 2.15 | -1.20 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.28 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | 2.09 | -1.41 |
Martin ratioReturn relative to average drawdown | 2.32 | 8.93 | -6.62 |
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 | TASCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.47 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.39 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.42 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.46 | 0.00 |
Correlation
The correlation between HRVIX and TASCX is 0.85, 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. TASCX - Dividend Comparison
HRVIX's dividend yield for the trailing twelve months is around 0.61%, less than TASCX's 3.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRVIX Heartland Value Plus Fund | 0.61% | 0.62% | 3.00% | 1.43% | 2.25% | 24.50% | 1.03% | 1.47% | 1.13% | 0.14% | 0.65% | 8.78% |
TASCX Third Avenue Small Cap Value Fund | 3.54% | 3.78% | 11.87% | 14.38% | 5.40% | 8.55% | 1.50% | 7.75% | 12.67% | 13.61% | 9.15% | 14.70% |
Drawdowns
HRVIX vs. TASCX - Drawdown Comparison
The maximum HRVIX drawdown since its inception was -46.82%, smaller than the maximum TASCX drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for HRVIX and TASCX.
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Drawdown Indicators
| HRVIX | TASCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.82% | -58.55% | +11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.66% | -12.12% | -3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -28.50% | -30.26% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -36.47% | -40.45% | +3.98% |
Current DrawdownCurrent decline from peak | -11.52% | -4.60% | -6.92% |
Average DrawdownAverage peak-to-trough decline | -8.65% | -8.66% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.83% | +1.73% |
Volatility
HRVIX vs. TASCX - Volatility Comparison
Heartland Value Plus Fund (HRVIX) has a higher volatility of 5.52% compared to Third Avenue Small Cap Value Fund (TASCX) at 3.87%. This indicates that HRVIX's price experiences larger fluctuations and is considered to be riskier than TASCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRVIX | TASCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 3.87% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 10.66% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 18.59% | +3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 25.47% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 24.17% | -2.56% |