NCVLX vs. HDCTX
Compare and contrast key facts about Nuance Concentrated Value Fund (NCVLX) and Rational Equity Armor Fund (HDCTX).
NCVLX is managed by Nuance Investments. It was launched on May 31, 2011. HDCTX is managed by Rational Funds. It was launched on Feb 28, 2001.
Performance
NCVLX vs. HDCTX - Performance Comparison
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NCVLX vs. HDCTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NCVLX Nuance Concentrated Value Fund | 1.12% | 3.28% | 6.02% | 10.00% | -5.02% | 9.86% | 3.08% | 27.77% | -4.76% | 11.07% |
HDCTX Rational Equity Armor Fund | -1.36% | 12.64% | 16.85% | 2.95% | -10.68% | 14.52% | 15.85% | 11.32% | -11.94% | -1.99% |
Returns By Period
In the year-to-date period, NCVLX achieves a 1.12% return, which is significantly higher than HDCTX's -1.36% return. Over the past 10 years, NCVLX has outperformed HDCTX with an annualized return of 7.12%, while HDCTX has yielded a comparatively lower 4.46% annualized return.
NCVLX
- 1D
- 1.04%
- 1M
- -8.62%
- YTD
- 1.12%
- 6M
- 4.50%
- 1Y
- 10.15%
- 3Y*
- 5.11%
- 5Y*
- 3.91%
- 10Y*
- 7.12%
HDCTX
- 1D
- 0.95%
- 1M
- -3.07%
- YTD
- -1.36%
- 6M
- -1.82%
- 1Y
- 12.88%
- 3Y*
- 11.04%
- 5Y*
- 5.16%
- 10Y*
- 4.46%
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NCVLX vs. HDCTX - Expense Ratio Comparison
NCVLX has a 1.04% expense ratio, which is lower than HDCTX's 1.17% expense ratio.
Return for Risk
NCVLX vs. HDCTX — Risk / Return Rank
NCVLX
HDCTX
NCVLX vs. HDCTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuance Concentrated Value Fund (NCVLX) and Rational Equity Armor Fund (HDCTX). 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.
| NCVLX | HDCTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.20 | -0.53 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.75 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.96 | -1.04 |
Martin ratioReturn relative to average drawdown | 3.01 | 5.25 | -2.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NCVLX | HDCTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.20 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.49 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.39 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.36 | +0.19 |
Correlation
The correlation between NCVLX and HDCTX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NCVLX vs. HDCTX - Dividend Comparison
NCVLX's dividend yield for the trailing twelve months is around 1.73%, more than HDCTX's 0.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NCVLX Nuance Concentrated Value Fund | 1.73% | 2.38% | 7.34% | 1.81% | 13.64% | 17.21% | 0.64% | 7.97% | 13.45% | 7.02% | 0.96% | 5.66% |
HDCTX Rational Equity Armor Fund | 0.12% | 0.00% | 0.00% | 0.17% | 0.78% | 1.21% | 1.10% | 5.37% | 7.86% | 5.60% | 3.28% | 15.32% |
Drawdowns
NCVLX vs. HDCTX - Drawdown Comparison
The maximum NCVLX drawdown since its inception was -31.48%, smaller than the maximum HDCTX drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for NCVLX and HDCTX.
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Drawdown Indicators
| NCVLX | HDCTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.48% | -59.05% | +27.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -6.95% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.58% | -18.22% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -31.48% | -19.43% | -12.05% |
Current DrawdownCurrent decline from peak | -9.61% | -6.07% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -6.45% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.59% | +0.94% |
Volatility
NCVLX vs. HDCTX - Volatility Comparison
Nuance Concentrated Value Fund (NCVLX) has a higher volatility of 4.22% compared to Rational Equity Armor Fund (HDCTX) at 2.15%. This indicates that NCVLX's price experiences larger fluctuations and is considered to be riskier than HDCTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NCVLX | HDCTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 2.15% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.26% | 6.30% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.22% | 11.06% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 10.49% | +3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 11.44% | +3.63% |