LLSCX vs. MVALX
LLSCX (Longleaf Partners Small-Cap Fund) and MVALX (Meridian Contrarian Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, LLSCX returned 5.81%/yr vs 12.56%/yr for MVALX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. LLSCX charges 0.95%/yr vs 1.12%/yr for MVALX.
Performance
LLSCX vs. MVALX - Performance Comparison
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Returns By Period
In the year-to-date period, LLSCX achieves a -3.30% return, which is significantly lower than MVALX's 11.73% return. Over the past 10 years, LLSCX has underperformed MVALX with an annualized return of 5.81%, while MVALX has yielded a comparatively higher 12.56% annualized return.
LLSCX
- 1D
- -2.33%
- 1M
- 1.15%
- 6M
- -4.81%
- YTD
- -3.30%
- 1Y
- 1.06%
- 3Y*
- 5.40%
- 5Y*
- 2.00%
- 10Y*
- 5.81%
- ALL TIME*
- 9.87%
MVALX
- 1D
- 1.87%
- 1M
- -4.82%
- 6M
- 6.45%
- YTD
- 11.73%
- 1Y
- 22.46%
- 3Y*
- 12.17%
- 5Y*
- 7.57%
- 10Y*
- 12.56%
- ALL TIME*
- 11.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LLSCX vs. MVALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LLSCX Longleaf Partners Small-Cap Fund | -3.30% | 7.56% | 9.69% | 20.17% | -19.25% | 11.18% | 4.17% | 27.74% | -6.52% | 9.07% |
MVALX Meridian Contrarian Fund | 11.73% | 17.43% | 9.73% | 12.40% | -16.67% | 26.66% | 23.75% | 23.66% | -7.85% | 24.88% |
Correlation
The correlation between LLSCX and MVALX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 1994 | 0.76 |
Over the past year, the correlation between LLSCX and MVALX has dropped to 0.46 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
LLSCX vs. MVALX — Risk / Return Rank
LLSCX
MVALX
LLSCX vs. MVALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longleaf Partners Small-Cap Fund (LLSCX) and Meridian Contrarian Fund (MVALX). 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.
| LLSCX | MVALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.17 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.67 | -1.82 |
| Martin ratioReturn relative to average drawdown | -0.31 | 5.65 | -5.96 |
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Drawdowns
LLSCX vs. MVALX - Drawdown Comparison
The maximum LLSCX drawdown since its inception was -63.97%, which is greater than MVALX's maximum drawdown of -50.65%. Use the drawdown chart below to compare losses from any high point for LLSCX and MVALX.
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Drawdown Indicators
| LLSCX | MVALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.97% | -50.65% | -13.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.44% | -11.53% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -24.80% | +9.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -24.80% | -1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -42.23% | -42.06% | -0.17% |
Current DrawdownCurrent decline from peak | -7.56% | -6.15% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -8.90% | -7.10% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 3.42% | +2.20% |
Volatility
LLSCX vs. MVALX - Volatility Comparison
The current volatility for Longleaf Partners Small-Cap Fund (LLSCX) is 5.13%, while Meridian Contrarian Fund (MVALX) has a volatility of 5.60%. This indicates that LLSCX experiences smaller price fluctuations and is considered to be less risky than MVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LLSCX | MVALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 5.60% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 15.55% | -5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 20.23% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 20.87% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 21.46% | +3.12% |
LLSCX vs. MVALX - Expense Ratio Comparison
LLSCX has a 0.95% expense ratio, which is lower than MVALX's 1.12% expense ratio.
Dividends
LLSCX vs. MVALX - Dividend Comparison
LLSCX's dividend yield for the trailing twelve months is around 1.21%, less than MVALX's 11.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LLSCX Longleaf Partners Small-Cap Fund | 1.21% | 1.17% | 0.11% | 0.94% | 1.20% | 0.82% | 5.85% | 14.89% | 18.13% | 8.43% | 18.01% | 5.91% |
MVALX Meridian Contrarian Fund | 11.46% | 12.81% | 4.26% | 5.45% | 11.45% | 14.16% | 4.93% | 7.94% | 25.52% | 10.53% | 0.52% | 16.76% |
Frequently Asked Questions
LLSCX and MVALX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVALX has higher volatility (5.60%) compared to LLSCX (5.13%). In terms of maximum drawdown, LLSCX dropped -63.97% vs MVALX's -50.65%.
MVALX currently has the higher Sharpe Ratio (0.95 vs -0.13), 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.
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