HUSIX vs. HRTVX

Last updated Jun 4, 2026

HUSIX (Huber Small Cap Value Fund) and HRTVX (Heartland Value Fund) are both Small Cap Value Equities funds. Over the past 10 years, HUSIX returned 9.53%/yr vs 11.89%/yr for HRTVX. Their correlation of 0.87 suggests significant overlap in exposure. HUSIX charges 1.75%/yr vs 1.04%/yr for HRTVX.

Performance

HUSIX vs. HRTVX - Performance Comparison

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

Returns By Period

In the year-to-date period, HUSIX achieves a 11.93% return, which is significantly lower than HRTVX's 20.07% return. Over the past 10 years, HUSIX has underperformed HRTVX with an annualized return of 9.53%, while HRTVX has yielded a comparatively higher 11.89% annualized return.

HUSIX

• 1D: 0.59%
• 1M: 0.84%
• YTD: 11.93%
• 6M: 15.00%
• 1Y: 24.29%
• 3Y*: 12.90%
• 5Y*: 6.28%
• 10Y*: 9.53%

HRTVX

• 1D: 0.94%
• 1M: 2.89%
• YTD: 20.07%
• 6M: 21.31%
• 1Y: 41.37%
• 3Y*: 22.21%
• 5Y*: 11.41%
• 10Y*: 11.89%

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

HUSIX vs. HRTVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HUSIX Huber Small Cap Value Fund	11.93%	3.28%	10.17%	17.86%	-4.92%	29.50%	-5.34%	33.99%	-18.73%	11.74%
HRTVX Heartland Value Fund	20.07%	15.94%	15.76%	17.15%	-10.04%	21.86%	13.12%	17.93%	-12.10%	8.45%

Correlation

The correlation between HUSIX and HRTVX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007	0.87

The correlation between HUSIX and HRTVX has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.

Return for Risk

HUSIX vs. HRTVX — Risk / Return Rank

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

HUSIX

HUSIX Risk / Return Rank: 31
HUSIX Sharpe Ratio Rank: 27
HUSIX Sortino Ratio Rank: 25
HUSIX Omega Ratio Rank: 24
HUSIX Calmar Ratio Rank: 47
HUSIX Martin Ratio Rank: 30

HRTVX

HRTVX Risk / Return Rank: 79
HRTVX Sharpe Ratio Rank: 80
HRTVX Sortino Ratio Rank: 77
HRTVX Omega Ratio Rank: 64
HRTVX Calmar Ratio Rank: 90
HRTVX Martin Ratio Rank: 84

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.

HUSIX vs. HRTVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Huber Small Cap Value Fund (HUSIX) and Heartland Value Fund (HRTVX). 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.

	HUSIX	HRTVX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.59	-1.12
Sortino ratio: Return per unit of downside risk	2.10	3.69	-1.59
Omega ratio: Gain probability vs. loss probability	1.26	1.45	-0.19
Calmar ratio: Return relative to maximum drawdown	2.61	4.60	-1.98
Martin ratio: Return relative to average drawdown	6.87	15.84	-8.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HUSIX vs. HRTVX - Sharpe Ratio Comparison

The current HUSIX Sharpe Ratio is 1.47, which is lower than the HRTVX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of HUSIX and HRTVX, 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

	HUSIX	HRTVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.59	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	0.59	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.57	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.59	-0.31

Drawdowns

HUSIX vs. HRTVX - Drawdown Comparison

The maximum HUSIX drawdown since its inception was -69.93%, which is greater than HRTVX's maximum drawdown of -61.68%. Use the drawdown chart below to compare losses from any high point for HUSIX and HRTVX.

Drawdown Indicators

	HUSIX	HRTVX	Difference
Max Drawdown Largest peak-to-trough decline	-69.93%	-61.68%	-8.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.03%	-9.50%	-0.53%
Max Drawdown (3Y) Largest decline over 3 years	-27.31%	-23.17%	-4.14%
Max Drawdown (5Y) Largest decline over 5 years	-27.31%	-23.17%	-4.14%
Max Drawdown (10Y) Largest decline over 10 years	-48.37%	-46.31%	-2.06%
Current Drawdown Current decline from peak	-0.15%	-0.11%	-0.04%
Average Drawdown Average peak-to-trough decline	-13.27%	-9.04%	-4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	2.75%	+1.06%

Volatility

HUSIX vs. HRTVX - Volatility Comparison

The current volatility for Huber Small Cap Value Fund (HUSIX) is 3.58%, while Heartland Value Fund (HRTVX) has a volatility of 4.54%. This indicates that HUSIX experiences smaller price fluctuations and is considered to be less risky than HRTVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUSIX	HRTVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	4.54%	-0.96%
Volatility (6M) Calculated over the trailing 6-month period	11.80%	11.66%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	16.83%	+0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	19.50%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.89%	21.04%	+2.85%

HUSIX vs. HRTVX - Expense Ratio Comparison

HUSIX has a 1.75% expense ratio, which is higher than HRTVX's 1.04% expense ratio.

Dividends

HUSIX vs. HRTVX - Dividend Comparison

HUSIX's dividend yield for the trailing twelve months is around 0.97%, less than HRTVX's 7.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRTVX Heartland Value Fund	7.73%	9.29%	8.91%	5.65%	3.01%	13.50%	0.76%	3.12%	7.26%	6.43%	3.56%	8.25%
HUSIX Huber Small Cap Value Fund	0.97%	1.08%	0.11%	0.34%	0.00%	0.96%	0.42%	0.07%	0.19%	0.71%	1.17%	0.61%

Frequently Asked Questions

Can I hold both HUSIX and HRTVX in my portfolio?

HUSIX and HRTVX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HUSIX or HRTVX?

HRTVX has higher volatility (4.54%) compared to HUSIX (3.58%). In terms of maximum drawdown, HUSIX dropped -69.93% vs HRTVX's -61.68%.

Which has better risk-adjusted returns?

HRTVX currently has the higher Sharpe Ratio (2.59 vs 1.47), 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.