NSVAX vs. SSCVX

Last updated Jun 26, 2026

NSVAX (Columbia Small Cap Value Fund II) and SSCVX (Columbia Select Small Cap Value Fund) are both Small Cap Value Equities funds from Columbia. Over the past 10 years, NSVAX returned 10.73%/yr vs 10.52%/yr for SSCVX. Their correlation of 0.94 suggests significant overlap in exposure. NSVAX charges 1.02%/yr vs 1.28%/yr for SSCVX.

Performance

NSVAX vs. SSCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Small Cap Value Fund II (NSVAX) and Columbia Select Small Cap Value Fund (SSCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NSVAX achieves a 16.40% return, which is significantly lower than SSCVX's 24.88% return. Both investments have delivered pretty close results over the past 10 years, with NSVAX having a 10.73% annualized return and SSCVX not far behind at 10.52%.

NSVAX

• 1D: 1.24%
• 1M: -0.26%
• YTD: 16.40%
• 6M: 14.18%
• 1Y: 32.35%
• 3Y*: 16.69%
• 5Y*: 7.51%
• 10Y*: 10.73%

SSCVX

• 1D: 1.07%
• 1M: 2.11%
• YTD: 24.88%
• 6M: 22.53%
• 1Y: 38.67%
• 3Y*: 17.42%
• 5Y*: 7.81%
• 10Y*: 10.52%

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

NSVAX vs. SSCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NSVAX Columbia Small Cap Value Fund II	16.40%	8.20%	11.25%	14.10%	-13.70%	34.27%	10.11%	20.65%	-17.48%	10.46%
SSCVX Columbia Select Small Cap Value Fund	24.88%	5.46%	12.33%	12.47%	-15.35%	31.25%	9.61%	18.76%	-13.70%	12.65%

Correlation

The correlation between NSVAX and SSCVX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since May 1, 2002	0.94

The correlation between NSVAX and SSCVX has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

Return for Risk

NSVAX vs. SSCVX — Risk / Return Rank

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

NSVAX

NSVAX Risk / Return Rank: 62
NSVAX Sharpe Ratio Rank: 53
NSVAX Sortino Ratio Rank: 53
NSVAX Omega Ratio Rank: 49
NSVAX Calmar Ratio Rank: 83
NSVAX Martin Ratio Rank: 72

SSCVX

SSCVX Risk / Return Rank: 80
SSCVX Sharpe Ratio Rank: 76
SSCVX Sortino Ratio Rank: 76
SSCVX Omega Ratio Rank: 64
SSCVX Calmar Ratio Rank: 94
SSCVX Martin Ratio Rank: 89

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.

NSVAX vs. SSCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Small Cap Value Fund II (NSVAX) and Columbia Select Small Cap Value Fund (SSCVX). 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.

	NSVAX	SSCVX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.13	-0.38
Sortino ratio: Return per unit of downside risk	2.47	3.07	-0.60
Omega ratio: Gain probability vs. loss probability	1.31	1.36	-0.05
Calmar ratio: Return relative to maximum drawdown	3.30	4.77	-1.47
Martin ratio: Return relative to average drawdown	11.30	14.62	-3.32

NSVAX vs. SSCVX - Sharpe Ratio Comparison

The current NSVAX Sharpe Ratio is 1.75, which is comparable to the SSCVX Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of NSVAX and SSCVX, 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

NSVAX vs. SSCVX - Drawdown Comparison

The maximum NSVAX drawdown since its inception was -59.32%, smaller than the maximum SSCVX drawdown of -65.34%. Use the drawdown chart below to compare losses from any high point for NSVAX and SSCVX.

Drawdown Indicators

	NSVAX	SSCVX	Difference
Max Drawdown Largest peak-to-trough decline	-59.32%	-65.34%	+6.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.51%	-7.88%	-1.63%
Max Drawdown (3Y) Largest decline over 3 years	-27.11%	-29.22%	+2.11%
Max Drawdown (5Y) Largest decline over 5 years	-27.11%	-29.22%	+2.11%
Max Drawdown (10Y) Largest decline over 10 years	-48.33%	-48.87%	+0.54%
Current Drawdown Current decline from peak	-4.55%	0.00%	-4.55%
Average Drawdown Average peak-to-trough decline	-9.72%	-11.82%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.56%	+0.21%

Volatility

NSVAX vs. SSCVX - Volatility Comparison

Columbia Small Cap Value Fund II (NSVAX) has a higher volatility of 7.40% compared to Columbia Select Small Cap Value Fund (SSCVX) at 5.28%. This indicates that NSVAX's price experiences larger fluctuations and is considered to be riskier than SSCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NSVAX	SSCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.40%	5.28%	+2.12%
Volatility (6M) Calculated over the trailing 6-month period	13.21%	12.33%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.99%	17.69%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	21.18%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.93%	23.43%	+0.50%

NSVAX vs. SSCVX - Expense Ratio Comparison

NSVAX has a 1.02% expense ratio, which is lower than SSCVX's 1.28% expense ratio.

Dividends

NSVAX vs. SSCVX - Dividend Comparison

NSVAX's dividend yield for the trailing twelve months is around 9.92%, more than SSCVX's 8.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NSVAX Columbia Small Cap Value Fund II	9.92%	15.89%	29.38%	6.93%	6.46%	13.95%	0.83%	3.68%	14.97%	9.10%	5.23%	12.66%
SSCVX Columbia Select Small Cap Value Fund	8.78%	10.96%	20.45%	6.56%	4.62%	6.64%	6.45%	0.12%	7.59%	13.50%	6.18%	12.44%

Frequently Asked Questions

Can I hold both NSVAX and SSCVX in my portfolio?

With a correlation of 0.91, NSVAX and SSCVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NSVAX or SSCVX?

NSVAX has higher volatility (7.40%) compared to SSCVX (5.28%). In terms of maximum drawdown, NSVAX dropped -59.32% vs SSCVX's -65.34%.

Which has better risk-adjusted returns?

SSCVX currently has the higher Sharpe Ratio (2.13 vs 1.75), 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.