HUSIX vs. HUMDX

Last updated Jun 24, 2026

HUSIX (Huber Small Cap Value Fund) and HUMDX (Huber Mid Cap Value Fund) are both Small Cap Value Equities funds from Huber Funds. Over the past 10 years, HUSIX returned 10.10%/yr vs 8.64%/yr for HUMDX. With a 0.96 correlation, they move nearly in lockstep. HUSIX charges 1.75%/yr vs 1.40%/yr for HUMDX.

Performance

HUSIX vs. HUMDX - Performance Comparison

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

Returns By Period

In the year-to-date period, HUSIX achieves a 12.31% return, which is significantly lower than HUMDX's 12.95% return. Over the past 10 years, HUSIX has outperformed HUMDX with an annualized return of 10.10%, while HUMDX has yielded a comparatively lower 8.64% annualized return.

HUSIX

• 1D: 0.00%
• 1M: 1.87%
• YTD: 12.31%
• 6M: 11.43%
• 1Y: 25.09%
• 3Y*: 13.45%
• 5Y*: 6.92%
• 10Y*: 10.10%

HUMDX

• 1D: 0.71%
• 1M: 3.04%
• YTD: 12.95%
• 6M: 11.63%
• 1Y: 30.59%
• 3Y*: 15.70%
• 5Y*: 6.81%
• 10Y*: 8.64%

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

HUSIX vs. HUMDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HUSIX Huber Small Cap Value Fund	12.31%	3.28%	10.17%	17.86%	-4.92%	29.50%	-5.34%	33.99%	-18.73%	11.74%
HUMDX Huber Mid Cap Value Fund	12.95%	7.65%	13.40%	10.56%	-7.13%	26.51%	-8.19%	25.70%	-18.40%	15.04%

Correlation

The correlation between HUSIX and HUMDX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.96

The correlation between HUSIX and HUMDX has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.

Return for Risk

HUSIX vs. HUMDX — Risk / Return Rank

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

HUSIX

HUSIX Risk / Return Rank: 33
HUSIX Sharpe Ratio Rank: 29
HUSIX Sortino Ratio Rank: 28
HUSIX Omega Ratio Rank: 26
HUSIX Calmar Ratio Rank: 48
HUSIX Martin Ratio Rank: 32

HUMDX

HUMDX Risk / Return Rank: 50
HUMDX Sharpe Ratio Rank: 49
HUMDX Sortino Ratio Rank: 47
HUMDX Omega Ratio Rank: 44
HUMDX Calmar Ratio Rank: 59
HUMDX Martin Ratio Rank: 50

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. HUMDX - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HUSIX	HUMDX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.91	-0.48
Sortino ratio: Return per unit of downside risk	2.03	2.67	-0.64
Omega ratio: Gain probability vs. loss probability	1.25	1.33	-0.08
Calmar ratio: Return relative to maximum drawdown	2.56	2.81	-0.26
Martin ratio: Return relative to average drawdown	6.72	9.72	-2.99

HUSIX vs. HUMDX - Sharpe Ratio Comparison

The current HUSIX Sharpe Ratio is 1.43, which is comparable to the HUMDX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of HUSIX and HUMDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HUSIX vs. HUMDX - Drawdown Comparison

The maximum HUSIX drawdown since its inception was -69.93%, which is greater than HUMDX's maximum drawdown of -50.39%. Use the drawdown chart below to compare losses from any high point for HUSIX and HUMDX.

Drawdown Indicators

	HUSIX	HUMDX	Difference
Max Drawdown Largest peak-to-trough decline	-69.93%	-50.39%	-19.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.03%	-10.87%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-27.31%	-25.16%	-2.15%
Max Drawdown (5Y) Largest decline over 5 years	-27.31%	-25.16%	-2.15%
Max Drawdown (10Y) Largest decline over 10 years	-48.37%	-50.39%	+2.02%
Current Drawdown Current decline from peak	-1.89%	-0.99%	-0.90%
Average Drawdown Average peak-to-trough decline	-13.23%	-8.84%	-4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	3.14%	+0.66%

Volatility

HUSIX vs. HUMDX - Volatility Comparison

Huber Small Cap Value Fund (HUSIX) has a higher volatility of 5.04% compared to Huber Mid Cap Value Fund (HUMDX) at 4.42%. This indicates that HUSIX's price experiences larger fluctuations and is considered to be riskier than HUMDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUSIX	HUMDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	4.42%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	12.14%	11.61%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	18.01%	16.02%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.31%	20.44%	+0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.89%	22.52%	+1.37%

HUSIX vs. HUMDX - Expense Ratio Comparison

HUSIX has a 1.75% expense ratio, which is higher than HUMDX's 1.40% expense ratio.

Dividends

HUSIX vs. HUMDX - Dividend Comparison

HUSIX's dividend yield for the trailing twelve months is around 0.96%, more than HUMDX's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HUMDX Huber Mid Cap Value Fund	0.68%	0.76%	1.02%	1.14%	2.01%	0.95%	0.66%	0.00%	1.16%	0.61%	2.34%	0.00%
HUSIX Huber Small Cap Value Fund	0.96%	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 HUMDX in my portfolio?

HUSIX and HUMDX have a correlation of 0.88, 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 HUMDX?

HUSIX has higher volatility (5.04%) compared to HUMDX (4.42%). In terms of maximum drawdown, HUSIX dropped -69.93% vs HUMDX's -50.39%.

Which has better risk-adjusted returns?

HUMDX currently has the higher Sharpe Ratio (1.91 vs 1.43), 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.