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NSDVX vs. AXVIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NSDVX vs. AXVIX

Last updated Jun 24, 2026

NSDVX (North Star Dividend Fund) and AXVIX (Acclivity Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 5 years, NSDVX returned 4.64%/yr vs 9.68%/yr for AXVIX. Their correlation of 0.87 suggests significant overlap in exposure. NSDVX charges 1.37%/yr vs 3.64%/yr for AXVIX.

Performance

NSDVX vs. AXVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in North Star Dividend Fund (NSDVX) and Acclivity Small Cap Value Fund (AXVIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NSDVX achieves a 17.74% return, which is significantly higher than AXVIX's 14.95% return.

NSDVX

1D
-0.76%
1M
2.96%
YTD
17.74%
6M
16.64%
1Y
21.28%
3Y*
12.02%
5Y*
4.64%
10Y*
7.34%

AXVIX

1D
0.14%
1M
2.89%
YTD
14.95%
6M
13.37%
1Y
30.18%
3Y*
15.21%
5Y*
9.68%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NSDVX vs. AXVIX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
NSDVX
North Star Dividend Fund		17.74%-1.31%9.25%8.06%-6.36%16.16%6.51%11.44%
AXVIX
Acclivity Small Cap Value Fund		14.95%5.14%5.67%22.62%-4.41%38.61%7.52%10.90%

Correlation

The correlation between NSDVX and AXVIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2019

0.87

The correlation between NSDVX and AXVIX has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

North Star Dividend Fund

Acclivity Small Cap Value Fund

Often compared with NSDVX:
NSDVX vs. AVALXNSDVX vs. SSCVXNSDVX vs. QQQNSDVX vs. VOONSDVX vs. PCFAXNSDVX vs. PZVSXNSDVX vs. VSIAX
Often compared with AXVIX:
AXVIX vs. AVUVAXVIX vs. VSIIXAXVIX vs. PVCMXAXVIX vs. MMEYXAXVIX vs. TASCXAXVIX vs. JMCRXAXVIX vs. BRSIX

Return for Risk

NSDVX vs. AXVIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NSDVX
NSDVX Risk / Return Rank: 3434
Overall Rank
NSDVX Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
NSDVX Sortino Ratio Rank: 3737
Sortino Ratio Rank
NSDVX Omega Ratio Rank: 3131
Omega Ratio Rank
NSDVX Calmar Ratio Rank: 3838
Calmar Ratio Rank
NSDVX Martin Ratio Rank: 3030
Martin Ratio Rank
AXVIX
AXVIX Risk / Return Rank: 5858
Overall Rank
AXVIX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
AXVIX Sortino Ratio Rank: 5252
Sortino Ratio Rank
AXVIX Omega Ratio Rank: 4646
Omega Ratio Rank
AXVIX Calmar Ratio Rank: 8484
Calmar Ratio Rank
AXVIX Martin Ratio Rank: 5858
Martin Ratio Rank
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.

NSDVX vs. AXVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for North Star Dividend Fund (NSDVX) and Acclivity Small Cap Value Fund (AXVIX). 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.

NSDVXAXVIXDifference
Sharpe ratioReturn per unit of total volatility
1.57
1.89

-0.32

Sortino ratioReturn per unit of downside risk
2.36
2.79

-0.43

Omega ratioGain probability vs. loss probability

1.27

1.34

-0.06

Calmar ratioReturn relative to maximum drawdown

2.23

3.70

-1.47

Martin ratioReturn relative to average drawdown

6.53

10.89

-4.36

NSDVX vs. AXVIX - Sharpe Ratio Comparison

The current NSDVX Sharpe Ratio is 1.57, which is comparable to the AXVIX Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of NSDVX and AXVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NSDVX vs. AXVIX - Drawdown Comparison

The maximum NSDVX drawdown since its inception was -38.64%, smaller than the maximum AXVIX drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for NSDVX and AXVIX.

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Drawdown Indicators

NSDVXAXVIXDifference

Max Drawdown

Largest peak-to-trough decline

-38.64%

-48.08%

+9.44%

Max Drawdown (1Y)

Largest decline over 1 year

-10.48%

-8.48%

-2.00%

Max Drawdown (3Y)

Largest decline over 3 years

-16.41%

-30.24%

+13.83%

Max Drawdown (5Y)

Largest decline over 5 years

-21.27%

-30.24%

+8.97%

Max Drawdown (10Y)

Largest decline over 10 years

-38.64%

—

—

Current Drawdown

Current decline from peak

-1.43%

-1.20%

-0.23%

Average Drawdown

Average peak-to-trough decline

-6.52%

-7.97%

+1.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

2.88%

+0.69%

Volatility

NSDVX vs. AXVIX - Volatility Comparison

North Star Dividend Fund (NSDVX) has a higher volatility of 4.25% compared to Acclivity Small Cap Value Fund (AXVIX) at 3.75%. This indicates that NSDVX's price experiences larger fluctuations and is considered to be riskier than AXVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NSDVXAXVIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

3.75%

+0.50%

Volatility (6M)

Calculated over the trailing 6-month period

9.60%

10.68%

-1.08%

Volatility (1Y)

Calculated over the trailing 1-year period

14.93%

16.65%

-1.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.06%

21.64%

-5.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.72%

26.75%

-9.03%

NSDVX vs. AXVIX - Expense Ratio Comparison

NSDVX has a 1.37% expense ratio, which is lower than AXVIX's 3.64% expense ratio.

Dividends

NSDVX vs. AXVIX - Dividend Comparison

NSDVX's dividend yield for the trailing twelve months is around 2.83%, less than AXVIX's 3.74% yield.

PositionTTM20252024202320222021202020192018201720162015
AXVIX
Acclivity Small Cap Value Fund		3.74%4.30%7.18%1.00%4.41%2.43%2.02%0.70%0.00%0.00%0.00%0.00%
NSDVX
North Star Dividend Fund		2.83%3.45%7.00%2.52%6.57%3.31%1.52%2.64%6.87%2.48%4.67%3.51%

Frequently Asked Questions

NSDVX and AXVIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NSDVX has higher volatility (4.25%) compared to AXVIX (3.75%). In terms of maximum drawdown, NSDVX dropped -38.64% vs AXVIX's -48.08%.

AXVIX currently has the higher Sharpe Ratio (1.89 vs 1.57), 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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