PRVIX vs. ICISX

Last updated Jul 14, 2026

PRVIX (T. Rowe Price Small-Cap Value Fund Class I) and ICISX (VY Columbia Small Cap Value II Portfolio) are both Small Cap Value Equities funds. Over the past 10 years, PRVIX returned 10.63%/yr vs 10.74%/yr for ICISX. Their correlation of 0.95 suggests significant overlap in exposure. PRVIX charges 0.66%/yr vs 0.92%/yr for ICISX.

Performance

PRVIX vs. ICISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Small-Cap Value Fund Class I (PRVIX) and VY Columbia Small Cap Value II Portfolio (ICISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRVIX achieves a 21.00% return, which is significantly lower than ICISX's 23.84% return. Both investments have delivered pretty close results over the past 10 years, with PRVIX having a 10.63% annualized return and ICISX not far ahead at 10.74%.

PRVIX

• 1D: 0.00%
• 1M: 1.45%
• 6M: 14.95%
• YTD: 21.00%
• 1Y: 30.52%
• 3Y*: 15.88%
• 5Y*: 7.34%
• 10Y*: 10.63%

ICISX

• 1D: 0.29%
• 1M: 1.52%
• 6M: 18.27%
• YTD: 23.84%
• 1Y: 34.21%
• 3Y*: 16.87%
• 5Y*: 9.45%
• 10Y*: 10.74%

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

PRVIX vs. ICISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRVIX T. Rowe Price Small-Cap Value Fund Class I	21.00%	8.44%	10.96%	12.46%	-18.42%	25.60%	12.58%	25.95%	-11.49%	12.86%
ICISX VY Columbia Small Cap Value II Portfolio	23.84%	8.38%	11.15%	14.13%	-13.57%	34.53%	9.95%	20.26%	-17.54%	11.24%

Correlation

The correlation between PRVIX and ICISX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Aug 28, 2015	0.95

The correlation between PRVIX and ICISX shifts across timeframes, from 0.79 (1 year) to 0.95 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PRVIX vs. ICISX — Risk / Return Rank

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

PRVIX

PRVIX Risk / Return Rank: 74
PRVIX Sharpe Ratio Rank: 66
PRVIX Sortino Ratio Rank: 70
PRVIX Omega Ratio Rank: 58
PRVIX Calmar Ratio Rank: 88
PRVIX Martin Ratio Rank: 87

ICISX

ICISX Risk / Return Rank: 86
ICISX Sharpe Ratio Rank: 85
ICISX Sortino Ratio Rank: 85
ICISX Omega Ratio Rank: 78
ICISX Calmar Ratio Rank: 93
ICISX Martin Ratio Rank: 91

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.

PRVIX vs. ICISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Cap Value Fund Class I (PRVIX) and VY Columbia Small Cap Value II Portfolio (ICISX). 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.

	PRVIX	ICISX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.24	-0.45
Sortino ratio: Return per unit of downside risk	2.64	3.25	-0.61
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	3.42	4.00	-0.58
Martin ratio: Return relative to average drawdown	12.78	13.98	-1.19

PRVIX vs. ICISX - Sharpe Ratio Comparison

The current PRVIX Sharpe Ratio is 1.80, which is comparable to the ICISX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of PRVIX and ICISX, 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

PRVIX vs. ICISX - Drawdown Comparison

The maximum PRVIX drawdown since its inception was -40.95%, smaller than the maximum ICISX drawdown of -59.91%. Use the drawdown chart below to compare losses from any high point for PRVIX and ICISX.

Drawdown Indicators

	PRVIX	ICISX	Difference
Max Drawdown Largest peak-to-trough decline	-40.95%	-59.91%	+18.96%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-9.50%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-24.57%	-28.05%	+3.48%
Max Drawdown (5Y) Largest decline over 5 years	-28.00%	-28.05%	+0.05%
Max Drawdown (10Y) Largest decline over 10 years	-40.95%	-49.01%	+8.06%
Current Drawdown Current decline from peak	-1.66%	-0.97%	-0.69%
Average Drawdown Average peak-to-trough decline	-8.25%	-10.77%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.63%	-0.27%

Volatility

PRVIX vs. ICISX - Volatility Comparison

T. Rowe Price Small-Cap Value Fund Class I (PRVIX) and VY Columbia Small Cap Value II Portfolio (ICISX) have volatilities of 4.56% and 4.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRVIX	ICISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	4.35%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	12.40%	11.94%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	16.98%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	21.58%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.02%	23.60%	-2.58%

PRVIX vs. ICISX - Expense Ratio Comparison

PRVIX has a 0.66% expense ratio, which is lower than ICISX's 0.92% expense ratio.

Dividends

PRVIX vs. ICISX - Dividend Comparison

PRVIX's dividend yield for the trailing twelve months is around 10.01%, less than ICISX's 22.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICISX VY Columbia Small Cap Value II Portfolio	22.57%	27.95%	11.14%	7.68%	17.24%	0.74%	4.30%	13.90%	14.67%	4.45%	4.26%	0.62%
PRVIX T. Rowe Price Small-Cap Value Fund Class I	10.01%	12.11%	9.96%	3.40%	5.54%	7.15%	2.12%	4.72%	9.61%	3.79%	3.88%	22.61%

Frequently Asked Questions

Can I hold both PRVIX and ICISX in my portfolio?

PRVIX and ICISX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRVIX or ICISX?

PRVIX has higher volatility (4.56%) compared to ICISX (4.35%). In terms of maximum drawdown, PRVIX dropped -40.95% vs ICISX's -59.91%.

Which has better risk-adjusted returns?

ICISX currently has the higher Sharpe Ratio (2.24 vs 1.80), 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.