LVAZX vs. LSVQX

Last updated Jun 23, 2026

LVAZX (LSV Emerging Markets Equity Fund) and LSVQX (LSV Small Cap Value Fund) are both mutual funds - LVAZX is a Emerging Markets Diversified fund managed by LSV, while LSVQX is a Small Cap Value Equities fund managed by LSV. Over the past 5 years, LVAZX returned 16.41%/yr vs 9.20%/yr for LSVQX. At a 0.46 correlation, their price movements are largely independent. LVAZX charges 1.45%/yr vs 0.83%/yr for LSVQX.

Performance

LVAZX vs. LSVQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LSV Emerging Markets Equity Fund (LVAZX) and LSV Small Cap Value Fund (LSVQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVAZX achieves a 35.81% return, which is significantly higher than LSVQX's 15.12% return.

LVAZX

• 1D: 2.48%
• 1M: 7.95%
• YTD: 35.81%
• 6M: 38.52%
• 1Y: 65.32%
• 3Y*: 30.19%
• 5Y*: 16.41%
• 10Y*: —

LSVQX

• 1D: 0.76%
• 1M: 2.61%
• YTD: 15.12%
• 6M: 13.02%
• 1Y: 29.83%
• 3Y*: 14.18%
• 5Y*: 9.20%
• 10Y*: 9.07%

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

LVAZX vs. LSVQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LVAZX LSV Emerging Markets Equity Fund	35.81%	39.90%	7.26%	21.26%	-13.03%	13.77%	5.03%	5.91%
LSVQX LSV Small Cap Value Fund	15.12%	7.31%	4.23%	19.02%	-6.24%	34.54%	-5.98%	9.21%

Correlation

The correlation between LVAZX and LSVQX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 25, 2019	0.46

Return for Risk

LVAZX vs. LSVQX — Risk / Return Rank

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

LVAZX

LVAZX Risk / Return Rank: 95
LVAZX Sharpe Ratio Rank: 98
LVAZX Sortino Ratio Rank: 93
LVAZX Omega Ratio Rank: 94
LVAZX Calmar Ratio Rank: 96
LVAZX Martin Ratio Rank: 95

LSVQX

LSVQX Risk / Return Rank: 57
LSVQX Sharpe Ratio Rank: 49
LSVQX Sortino Ratio Rank: 54
LSVQX Omega Ratio Rank: 45
LSVQX Calmar Ratio Rank: 82
LSVQX Martin Ratio Rank: 55

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.

LVAZX vs. LSVQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LSV Emerging Markets Equity Fund (LVAZX) and LSV Small Cap Value Fund (LSVQX). 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.

	LVAZX	LSVQX	Difference
Sharpe ratio: Return per unit of total volatility	3.64	1.92	+1.72
Sortino ratio: Return per unit of downside risk	4.42	2.82	+1.60
Omega ratio: Gain probability vs. loss probability	1.70	1.34	+0.36
Calmar ratio: Return relative to maximum drawdown	5.62	3.54	+2.08
Martin ratio: Return relative to average drawdown	20.81	10.49	+10.32

LVAZX vs. LSVQX - Sharpe Ratio Comparison

The current LVAZX Sharpe Ratio is 3.64, which is higher than the LSVQX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of LVAZX and LSVQX, 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

LVAZX vs. LSVQX - Drawdown Comparison

The maximum LVAZX drawdown since its inception was -37.87%, smaller than the maximum LSVQX drawdown of -54.77%. Use the drawdown chart below to compare losses from any high point for LVAZX and LSVQX.

Drawdown Indicators

	LVAZX	LSVQX	Difference
Max Drawdown Largest peak-to-trough decline	-37.87%	-54.77%	+16.90%
Max Drawdown (1Y) Largest decline over 1 year	-11.44%	-8.48%	-2.96%
Max Drawdown (3Y) Largest decline over 3 years	-15.02%	-25.76%	+10.74%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-25.76%	-1.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-54.77%	—
Current Drawdown Current decline from peak	-0.52%	-1.89%	+1.37%
Average Drawdown Average peak-to-trough decline	-6.76%	-7.42%	+0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.86%	+0.22%

Volatility

LVAZX vs. LSVQX - Volatility Comparison

LSV Emerging Markets Equity Fund (LVAZX) has a higher volatility of 9.46% compared to LSV Small Cap Value Fund (LSVQX) at 4.11%. This indicates that LVAZX's price experiences larger fluctuations and is considered to be riskier than LSVQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LVAZX	LSVQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.46%	4.11%	+5.35%
Volatility (6M) Calculated over the trailing 6-month period	15.74%	10.43%	+5.31%
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	15.67%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.79%	20.33%	-5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	24.30%	-8.16%

LVAZX vs. LSVQX - Expense Ratio Comparison

LVAZX has a 1.45% expense ratio, which is higher than LSVQX's 0.83% expense ratio.

Dividends

LVAZX vs. LSVQX - Dividend Comparison

LVAZX's dividend yield for the trailing twelve months is around 3.77%, less than LSVQX's 7.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSVQX LSV Small Cap Value Fund	7.06%	8.13%	1.78%	4.73%	2.02%	1.45%	1.83%	2.04%	7.00%	4.78%	2.35%	3.59%
LVAZX LSV Emerging Markets Equity Fund	3.77%	5.12%	1.39%	4.58%	3.14%	8.50%	2.54%	2.99%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LVAZX and LSVQX in my portfolio?

LVAZX and LSVQX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LVAZX or LSVQX?

LVAZX has higher volatility (9.46%) compared to LSVQX (4.11%). In terms of maximum drawdown, LVAZX dropped -37.87% vs LSVQX's -54.77%.

Which has better risk-adjusted returns?

LVAZX currently has the higher Sharpe Ratio (3.64 vs 1.92), 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.