PVFAX vs. PVIVX
PVFAX (Paradigm Value Fund) and PVIVX (Paradigm Micro-cap Fund) are both Small Cap Blend Equities funds from Paradigm Funds. Over the past 10 years, PVFAX returned 12.08%/yr vs 14.08%/yr for PVIVX. Their correlation of 0.91 means they have usually moved in the same direction. PVFAX charges 1.50%/yr vs 1.25%/yr for PVIVX.
Performance
PVFAX vs. PVIVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PVFAX achieves a 23.04% return, which is significantly lower than PVIVX's 33.64% return. Over the past 10 years, PVFAX has underperformed PVIVX with an annualized return of 12.08%, while PVIVX has yielded a comparatively higher 14.08% annualized return.
PVFAX
- 1D
- 2.49%
- 1M
- -3.31%
- 6M
- 17.75%
- YTD
- 23.04%
- 1Y
- 38.38%
- 3Y*
- 15.32%
- 5Y*
- 6.83%
- 10Y*
- 12.08%
- ALL TIME*
- 11.48%
PVIVX
- 1D
- 1.85%
- 1M
- -2.49%
- 6M
- 27.66%
- YTD
- 33.64%
- 1Y
- 47.11%
- 3Y*
- 13.05%
- 5Y*
- 7.21%
- 10Y*
- 14.08%
- ALL TIME*
- 10.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
PVFAX Paradigm Value Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
PVFAX vs. PVIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVFAX Paradigm Value Fund | 23.04% | 5.60% | 12.51% | 13.31% | -20.25% | 30.28% | 17.69% | 22.27% | -2.02% | 14.09% |
PVIVX Paradigm Micro-cap Fund | 33.64% | -4.81% | 13.48% | 17.89% | -20.62% | 27.94% | 46.96% | 22.38% | -10.88% | 15.82% |
Correlation
The correlation between PVFAX and PVIVX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2008 | 0.91 |
The correlation between PVFAX and PVIVX has been stable across timeframes, ranging from 0.91 to 0.94 - 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.
Return for Risk
PVFAX vs. PVIVX — Risk / Return Rank
PVFAX
PVIVX
PVFAX vs. PVIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paradigm Value Fund (PVFAX) and Paradigm Micro-cap Fund (PVIVX). 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.
| PVFAX | PVIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.84 | -0.23 |
| Martin ratioReturn relative to average drawdown | 8.04 | 9.03 | -0.99 |
Loading charts...
Drawdowns
PVFAX vs. PVIVX - Drawdown Comparison
The maximum PVFAX drawdown since its inception was -54.40%, smaller than the maximum PVIVX drawdown of -95.67%. Use the drawdown chart below to compare losses from any high point for PVFAX and PVIVX.
Loading charts...
Drawdown Indicators
| PVFAX | PVIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.40% | -95.67% | +41.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.81% | -14.84% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -28.00% | -95.67% | +67.67% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -95.67% | +64.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.64% | -95.67% | +53.03% |
Current DrawdownCurrent decline from peak | -6.58% | -92.67% | +86.09% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -17.53% | +8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 4.66% | -0.51% |
Volatility
PVFAX vs. PVIVX - Volatility Comparison
The current volatility for Paradigm Value Fund (PVFAX) is 6.85%, while Paradigm Micro-cap Fund (PVIVX) has a volatility of 7.57%. This indicates that PVFAX experiences smaller price fluctuations and is considered to be less risky than PVIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PVFAX | PVIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.85% | 7.57% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 16.13% | 19.47% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.66% | 26.12% | -4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.75% | 887.71% | -864.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.07% | 627.66% | -604.59% |
PVFAX vs. PVIVX - Expense Ratio Comparison
PVFAX has a 1.50% expense ratio, which is higher than PVIVX's 1.25% expense ratio.
Dividends
PVFAX vs. PVIVX - Dividend Comparison
PVFAX's dividend yield for the trailing twelve months is around 16.79%, more than PVIVX's 11.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PVFAX Paradigm Value Fund | 16.79% | 20.66% | 13.65% | 6.48% | 8.70% | 2.67% | 2.08% | 5.01% | 14.18% | 12.17% | 4.92% | 14.01% |
PVIVX Paradigm Micro-cap Fund | 11.92% | 15.93% | 6.40% | 0.00% | 0.00% | 1.11% | 5.25% | 0.01% | 14.09% | 6.88% | 3.61% | 1.32% |
Frequently Asked Questions
With a correlation of 0.92, PVFAX and PVIVX 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.
PVIVX has higher volatility (7.57%) compared to PVFAX (6.85%). In terms of maximum drawdown, PVFAX dropped -54.40% vs PVIVX's -95.67%.
PVIVX currently has the higher Sharpe Ratio (1.61 vs 1.54), 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.
Find the right allocation for PVFAX and PVIVX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer