KMDIX vs. NCBVX

Last updated Aug 1, 2026

KMDIX (Keeley Mid Cap Dividend Value Fund) and NCBVX (PGIM Quant Solutions Mid-Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, KMDIX returned 10.15%/yr vs 8.21%/yr for NCBVX. Their 0.95 correlation means they have historically moved very closely together. KMDIX charges 0.95%/yr vs 1.95%/yr for NCBVX.

Performance

KMDIX vs. NCBVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Keeley Mid Cap Dividend Value Fund (KMDIX) and PGIM Quant Solutions Mid-Cap Value Fund (NCBVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KMDIX achieves a 15.03% return, which is significantly lower than NCBVX's 22.64% return. Over the past 10 years, KMDIX has outperformed NCBVX with an annualized return of 10.15%, while NCBVX has yielded a comparatively lower 8.21% annualized return.

KMDIX

• 1D: 0.26%
• 1M: 0.06%
• 6M: 10.13%
• YTD: 15.03%
• 1Y: 19.64%
• 3Y*: 14.51%
• 5Y*: 10.38%
• 10Y*: 10.15%
• ALL TIME*: 12.30%

NCBVX

• 1D: -0.26%
• 1M: 3.02%
• 6M: 17.86%
• YTD: 22.64%
• 1Y: 35.08%
• 3Y*: 15.64%
• 5Y*: 9.90%
• 10Y*: 8.21%
• ALL TIME*: 8.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KMDIX Keeley Mid Cap Dividend Value Fund	$0.00	$0.00	$0.00
NCBVX PGIM Quant Solutions Mid-Cap Value Fund	$0.00	$0.00	$0.00

KMDIX vs. NCBVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KMDIX Keeley Mid Cap Dividend Value Fund	15.03%	9.35%	14.71%	12.72%	-5.27%	24.84%	-1.56%	25.93%	-12.60%	15.98%
NCBVX PGIM Quant Solutions Mid-Cap Value Fund	22.64%	11.86%	10.49%	10.40%	-10.18%	33.13%	-7.31%	18.78%	-20.51%	11.63%

Correlation

The correlation between KMDIX and NCBVX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011	0.95

The correlation between KMDIX and NCBVX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

KMDIX vs. NCBVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KMDIX

KMDIX Risk / Return Rank: 40
KMDIX Sharpe Ratio Rank: 39
KMDIX Sortino Ratio Rank: 43
KMDIX Omega Ratio Rank: 38
KMDIX Calmar Ratio Rank: 39
KMDIX Martin Ratio Rank: 40

NCBVX

NCBVX Risk / Return Rank: 94
NCBVX Sharpe Ratio Rank: 94
NCBVX Sortino Ratio Rank: 92
NCBVX Omega Ratio Rank: 87
NCBVX Calmar Ratio Rank: 97
NCBVX Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KMDIX vs. NCBVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keeley Mid Cap Dividend Value Fund (KMDIX) and PGIM Quant Solutions Mid-Cap Value Fund (NCBVX). 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.

	KMDIX	NCBVX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.52	-1.29
Sortino ratio: Return per unit of downside risk	1.87	3.63	-1.75
Omega ratio: Gain probability vs. loss probability	1.22	1.45	-0.23
Calmar ratio: Return relative to maximum drawdown	1.69	5.25	-3.56
Martin ratio: Return relative to average drawdown	6.07	19.75	-13.68

KMDIX vs. NCBVX - Sharpe Ratio Comparison

The current KMDIX Sharpe Ratio is 1.23, which is lower than the NCBVX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of KMDIX and NCBVX, 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

KMDIX vs. NCBVX - Drawdown Comparison

The maximum KMDIX drawdown since its inception was -73.51%, which is greater than NCBVX's maximum drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for KMDIX and NCBVX.

Drawdown Indicators

	KMDIX	NCBVX	Difference
Max Drawdown Largest peak-to-trough decline	-73.51%	-60.64%	-12.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.56%	-6.31%	-4.25%
Max Drawdown (3Y) Largest decline over 3 years	-21.22%	-21.27%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-21.22%	-23.15%	+1.93%
Max Drawdown (10Y) Largest decline over 10 years	-73.51%	-57.50%	-16.01%
Current Drawdown Current decline from peak	-6.35%	-0.73%	-5.62%
Average Drawdown Average peak-to-trough decline	-25.95%	-9.05%	-16.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.68%	+1.25%

Volatility

KMDIX vs. NCBVX - Volatility Comparison

Keeley Mid Cap Dividend Value Fund (KMDIX) has a higher volatility of 3.38% compared to PGIM Quant Solutions Mid-Cap Value Fund (NCBVX) at 2.92%. This indicates that KMDIX's price experiences larger fluctuations and is considered to be riskier than NCBVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KMDIX	NCBVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	2.92%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.87%	9.72%	+1.15%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	13.18%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.34%	18.66%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.52%	22.57%	+29.95%

KMDIX vs. NCBVX - Expense Ratio Comparison

KMDIX has a 0.95% expense ratio, which is lower than NCBVX's 1.95% expense ratio.

Dividends

KMDIX vs. NCBVX - Dividend Comparison

KMDIX's dividend yield for the trailing twelve months is around 4.82%, more than NCBVX's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KMDIX Keeley Mid Cap Dividend Value Fund	4.82%	6.03%	7.73%	5.40%	4.38%	1.14%	1.48%	2.42%	4.72%	0.82%	1.00%	5.46%
NCBVX PGIM Quant Solutions Mid-Cap Value Fund	0.56%	0.68%	1.03%	1.59%	1.17%	0.74%	1.60%	1.93%	13.70%	6.69%	2.83%	7.89%

Frequently Asked Questions

Can I hold both KMDIX and NCBVX in my portfolio?

KMDIX and NCBVX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KMDIX or NCBVX?

KMDIX has higher volatility (3.38%) compared to NCBVX (2.92%). In terms of maximum drawdown, KMDIX dropped -73.51% vs NCBVX's -60.64%.

Which has better risk-adjusted returns?

NCBVX currently has the higher Sharpe Ratio (2.52 vs 1.23), 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.