LMVTX vs. LMASX

Last updated Apr 1, 2026

Compare and contrast key facts about ClearBridge Value Trust (LMVTX) and ClearBridge Small Cap Fund (LMASX).

LMVTX is managed by Legg Mason. It was launched on Apr 16, 1982. LMASX is managed by Legg Mason. It was launched on Dec 30, 1985.

Performance

LMVTX vs. LMASX - Performance Comparison

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

LMVTX vs. LMASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMVTX ClearBridge Value Trust	-1.35%	9.80%	14.22%	18.80%	-7.00%	26.93%	10.63%	26.25%	-13.50%	13.76%
LMASX ClearBridge Small Cap Fund	-2.08%	5.38%	6.61%	16.09%	-21.19%	17.67%	2.44%	29.75%	-9.81%	10.94%

Returns By Period

In the year-to-date period, LMVTX achieves a -1.35% return, which is significantly higher than LMASX's -2.08% return. Over the past 10 years, LMVTX has outperformed LMASX with an annualized return of 10.41%, while LMASX has yielded a comparatively lower 7.04% annualized return.

LMVTX

• 1D: -0.35%
• 1M: -7.82%
• YTD: -1.35%
• 6M: 1.62%
• 1Y: 9.40%
• 3Y*: 12.96%
• 5Y*: 8.25%
• 10Y*: 10.41%

LMASX

• 1D: -0.40%
• 1M: -7.82%
• YTD: -2.08%
• 6M: -1.24%
• 1Y: 10.21%
• 3Y*: 7.58%
• 5Y*: 1.01%
• 10Y*: 7.04%

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

LMVTX vs. LMASX - Expense Ratio Comparison

LMVTX has a 1.74% expense ratio, which is lower than LMASX's 1.85% expense ratio.

LMASX

ClearBridge Small Cap Fund

LMVTX

ClearBridge Value Trust

Return for Risk

LMVTX vs. LMASX — Risk / Return Rank

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

LMVTX

LMVTX Risk / Return Rank: 23
LMVTX Sharpe Ratio Rank: 23
LMVTX Sortino Ratio Rank: 21
LMVTX Omega Ratio Rank: 24
LMVTX Calmar Ratio Rank: 22
LMVTX Martin Ratio Rank: 25

LMASX

LMASX Risk / Return Rank: 21
LMASX Sharpe Ratio Rank: 21
LMASX Sortino Ratio Rank: 22
LMASX Omega Ratio Rank: 19
LMASX Calmar Ratio Rank: 22
LMASX Martin Ratio Rank: 23

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.

LMVTX vs. LMASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Value Trust (LMVTX) and ClearBridge Small Cap Fund (LMASX). 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.

	LMVTX	LMASX	Difference
Sharpe ratio Return per unit of total volatility	0.59	0.56	+0.02
Sortino ratio Return per unit of downside risk	0.90	0.94	-0.05
Omega ratio Gain probability vs. loss probability	1.14	1.12	+0.01
Calmar ratio Return relative to maximum drawdown	0.65	0.68	-0.03
Martin ratio Return relative to average drawdown	2.70	2.49	+0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LMVTX vs. LMASX - Sharpe Ratio Comparison

The current LMVTX Sharpe Ratio is 0.59, which is comparable to the LMASX Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of LMVTX and LMASX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LMVTX	LMASX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	0.56	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.05	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.31	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.43	+0.13

Correlation

The correlation between LMVTX and LMASX 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

LMVTX vs. LMASX - Dividend Comparison

LMVTX's dividend yield for the trailing twelve months is around 10.48%, less than LMASX's 12.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMVTX ClearBridge Value Trust	10.48%	10.33%	10.32%	12.03%	7.85%	18.06%	5.41%	0.00%	1.34%	0.00%	0.10%	0.00%
LMASX ClearBridge Small Cap Fund	12.11%	11.86%	6.98%	1.81%	0.00%	18.14%	0.05%	4.15%	13.81%	6.78%	3.35%	5.67%

Drawdowns

LMVTX vs. LMASX - Drawdown Comparison

The maximum LMVTX drawdown since its inception was -72.54%, roughly equal to the maximum LMASX drawdown of -69.22%. Use the drawdown chart below to compare losses from any high point for LMVTX and LMASX.

Drawdown Indicators

	LMVTX	LMASX	Difference
Max Drawdown Largest peak-to-trough decline	-72.54%	-69.22%	-3.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.00%	-14.72%	+1.72%
Max Drawdown (5Y) Largest decline over 5 years	-20.79%	-30.07%	+9.28%
Max Drawdown (10Y) Largest decline over 10 years	-40.47%	-47.13%	+6.66%
Current Drawdown Current decline from peak	-7.87%	-9.44%	+1.57%
Average Drawdown Average peak-to-trough decline	-12.01%	-10.49%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.98%	-0.87%

Volatility

LMVTX vs. LMASX - Volatility Comparison

The current volatility for ClearBridge Value Trust (LMVTX) is 4.22%, while ClearBridge Small Cap Fund (LMASX) has a volatility of 5.25%. This indicates that LMVTX experiences smaller price fluctuations and is considered to be less risky than LMASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMVTX	LMASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	5.25%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	12.70%	-3.50%
Volatility (1Y) Calculated over the trailing 1-year period	17.17%	22.12%	-4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	20.99%	-3.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.22%	22.53%	-3.31%