PDIAX vs. SVAAX

Last updated Aug 4, 2026

PDIAX (Virtus KAR Equity Income Fund) and SVAAX (Federated Hermes Strategic Value Dividend Fund Class A) are both Dividend funds. Over the past 10 years, PDIAX returned 10.65%/yr vs 8.14%/yr for SVAAX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. PDIAX charges 1.20%/yr vs 1.06%/yr for SVAAX.

Performance

PDIAX vs. SVAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus KAR Equity Income Fund (PDIAX) and Federated Hermes Strategic Value Dividend Fund Class A (SVAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PDIAX achieves a 13.90% return, which is significantly lower than SVAAX's 15.15% return. Over the past 10 years, PDIAX has outperformed SVAAX with an annualized return of 10.65%, while SVAAX has yielded a comparatively lower 8.14% annualized return.

PDIAX

• 1D: 0.04%
• 1M: -1.10%
• 6M: 8.28%
• YTD: 13.90%
• 1Y: 18.62%
• 3Y*: 12.80%
• 5Y*: 7.83%
• 10Y*: 10.65%
• ALL TIME*: 8.06%

SVAAX

• 1D: -0.14%
• 1M: 2.31%
• 6M: 8.52%
• YTD: 15.15%
• 1Y: 23.95%
• 3Y*: 16.18%
• 5Y*: 11.47%
• 10Y*: 8.14%
• ALL TIME*: 7.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PDIAX Virtus KAR Equity Income Fund	$0.00	$0.00	$0.00
SVAAX Federated Hermes Strategic Value Dividend Fund Class A	$0.00	$0.00	$0.00

PDIAX vs. SVAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PDIAX Virtus KAR Equity Income Fund	13.90%	13.45%	9.10%	1.08%	-2.58%	17.04%	14.51%	28.11%	-12.69%	22.45%
SVAAX Federated Hermes Strategic Value Dividend Fund Class A	15.15%	14.42%	16.29%	-2.07%	8.07%	21.36%	-8.15%	19.42%	-8.44%	14.69%

Correlation

The correlation between PDIAX and SVAAX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.72
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006	0.78

Over the past year, the correlation between PDIAX and SVAAX has dropped to 0.47 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

PDIAX vs. SVAAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDIAX

PDIAX Risk / Return Rank: 82
PDIAX Sharpe Ratio Rank: 80
PDIAX Sortino Ratio Rank: 81
PDIAX Omega Ratio Rank: 77
PDIAX Calmar Ratio Rank: 84
PDIAX Martin Ratio Rank: 89

SVAAX

SVAAX Risk / Return Rank: 94
SVAAX Sharpe Ratio Rank: 95
SVAAX Sortino Ratio Rank: 94
SVAAX Omega Ratio Rank: 88
SVAAX Calmar Ratio Rank: 98
SVAAX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PDIAX vs. SVAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus KAR Equity Income Fund (PDIAX) and Federated Hermes Strategic Value Dividend Fund Class A (SVAAX). 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.

	PDIAX	SVAAX	Difference
Sharpe ratio: Return per unit of total volatility	1.95	2.62	-0.67
Sortino ratio: Return per unit of downside risk	2.87	3.83	-0.96
Omega ratio: Gain probability vs. loss probability	1.35	1.45	-0.10
Calmar ratio: Return relative to maximum drawdown	2.97	6.24	-3.26
Martin ratio: Return relative to average drawdown	12.48	16.53	-4.05

PDIAX vs. SVAAX - Sharpe Ratio Comparison

The current PDIAX Sharpe Ratio is 1.95, which is comparable to the SVAAX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of PDIAX and SVAAX, 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

PDIAX vs. SVAAX - Drawdown Comparison

The maximum PDIAX drawdown since its inception was -53.27%, roughly equal to the maximum SVAAX drawdown of -51.16%. Use the drawdown chart below to compare losses from any high point for PDIAX and SVAAX.

Drawdown Indicators

	PDIAX	SVAAX	Difference
Max Drawdown Largest peak-to-trough decline	-53.27%	-51.16%	-2.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-4.71%	-1.51%
Max Drawdown (3Y) Largest decline over 3 years	-12.04%	-12.84%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	-16.17%	-0.04%
Max Drawdown (10Y) Largest decline over 10 years	-35.26%	-36.47%	+1.21%
Current Drawdown Current decline from peak	-1.10%	-1.64%	+0.54%
Average Drawdown Average peak-to-trough decline	-8.33%	-8.15%	-0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.48%	1.69%	-0.21%

Volatility

PDIAX vs. SVAAX - Volatility Comparison

The current volatility for Virtus KAR Equity Income Fund (PDIAX) is 2.50%, while Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) has a volatility of 4.58%. This indicates that PDIAX experiences smaller price fluctuations and is considered to be less risky than SVAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PDIAX	SVAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.50%	4.58%	-2.08%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	8.67%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	9.51%	11.30%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.95%	13.80%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	15.44%	+1.37%

PDIAX vs. SVAAX - Expense Ratio Comparison

PDIAX has a 1.20% expense ratio, which is higher than SVAAX's 1.06% expense ratio.

Dividends

PDIAX vs. SVAAX - Dividend Comparison

PDIAX's dividend yield for the trailing twelve months is around 6.54%, more than SVAAX's 5.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PDIAX Virtus KAR Equity Income Fund	6.54%	6.52%	2.88%	2.71%	5.83%	4.16%	35.18%	0.95%	1.20%	15.53%	3.60%	19.74%
SVAAX Federated Hermes Strategic Value Dividend Fund Class A	5.63%	5.80%	7.38%	4.10%	9.49%	3.50%	4.06%	8.55%	8.39%	10.16%	5.00%	8.45%

Frequently Asked Questions

Can I hold both PDIAX and SVAAX in my portfolio?

PDIAX and SVAAX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PDIAX or SVAAX?

SVAAX has higher volatility (4.58%) compared to PDIAX (2.50%). In terms of maximum drawdown, PDIAX dropped -53.27% vs SVAAX's -51.16%.

Which has better risk-adjusted returns?

SVAAX currently has the higher Sharpe Ratio (2.62 vs 1.95), 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.