PVFIX vs. IPSHX

Last updated Jun 3, 2026

PVFIX (Pinnacle Value Fund) and IPSHX (Pinnacle Sherman Multi-Strategy Core Fund) are both mutual funds - PVFIX is a Diversified Portfolio fund managed by Pinnacle, while IPSHX is a Tactical Allocation fund managed by Pinnacle. Over the past 10 years, PVFIX returned 7.04%/yr vs 7.76%/yr for IPSHX. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 1.24% expense ratio.

Performance

PVFIX vs. IPSHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pinnacle Value Fund (PVFIX) and Pinnacle Sherman Multi-Strategy Core Fund (IPSHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PVFIX achieves a 9.23% return, which is significantly lower than IPSHX's 14.91% return. Over the past 10 years, PVFIX has underperformed IPSHX with an annualized return of 7.04%, while IPSHX has yielded a comparatively higher 7.76% annualized return.

PVFIX

• 1D: 0.35%
• 1M: -0.17%
• YTD: 9.23%
• 6M: 10.23%
• 1Y: 23.39%
• 3Y*: 14.96%
• 5Y*: 7.09%
• 10Y*: 7.04%

IPSHX

• 1D: 0.44%
• 1M: 4.81%
• YTD: 14.91%
• 6M: 14.54%
• 1Y: 33.78%
• 3Y*: 14.76%
• 5Y*: 5.86%
• 10Y*: 7.76%

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

PVFIX vs. IPSHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PVFIX Pinnacle Value Fund	9.23%	5.95%	10.54%	25.38%	-7.48%	14.12%	3.57%	13.47%	-11.70%	-0.13%
IPSHX Pinnacle Sherman Multi-Strategy Core Fund	14.91%	10.90%	6.79%	18.85%	-17.42%	8.71%	22.20%	15.05%	-13.11%	11.19%

Correlation

The correlation between PVFIX and IPSHX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015	0.55

The correlation between PVFIX and IPSHX has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

Return for Risk

PVFIX vs. IPSHX — Risk / Return Rank

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

PVFIX

PVFIX Risk / Return Rank: 66
PVFIX Sharpe Ratio Rank: 57
PVFIX Sortino Ratio Rank: 66
PVFIX Omega Ratio Rank: 54
PVFIX Calmar Ratio Rank: 90
PVFIX Martin Ratio Rank: 65

IPSHX

IPSHX Risk / Return Rank: 74
IPSHX Sharpe Ratio Rank: 75
IPSHX Sortino Ratio Rank: 61
IPSHX Omega Ratio Rank: 65
IPSHX Calmar Ratio Rank: 91
IPSHX Martin Ratio Rank: 79

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.

PVFIX vs. IPSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pinnacle Value Fund (PVFIX) and Pinnacle Sherman Multi-Strategy Core Fund (IPSHX). 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.

	PVFIX	IPSHX	Difference
Sharpe ratio Return per unit of total volatility	2.22	2.51	-0.28
Sortino ratio Return per unit of downside risk	3.39	3.27	+0.12
Omega ratio Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio Return relative to maximum drawdown	4.51	4.85	-0.34
Martin ratio Return relative to average drawdown	12.70	14.84	-2.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PVFIX vs. IPSHX - Sharpe Ratio Comparison

The current PVFIX Sharpe Ratio is 2.22, which is comparable to the IPSHX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of PVFIX and IPSHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PVFIX	IPSHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.51	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	0.39	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	0.52	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.51	-0.50

Drawdowns

PVFIX vs. IPSHX - Drawdown Comparison

The maximum PVFIX drawdown since its inception was -97.80%, which is greater than IPSHX's maximum drawdown of -25.73%. Use the drawdown chart below to compare losses from any high point for PVFIX and IPSHX.

Drawdown Indicators

	PVFIX	IPSHX	Difference
Max Drawdown Largest peak-to-trough decline	-97.80%	-25.73%	-72.07%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	-7.12%	+1.95%
Max Drawdown (3Y) Largest decline over 3 years	-97.80%	-25.73%	-72.07%
Max Drawdown (5Y) Largest decline over 5 years	-97.80%	-25.73%	-72.07%
Max Drawdown (10Y) Largest decline over 10 years	-97.80%	-25.73%	-72.07%
Current Drawdown Current decline from peak	-97.11%	0.00%	-97.11%
Average Drawdown Average peak-to-trough decline	-10.08%	-7.94%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.33%	-0.50%

Volatility

PVFIX vs. IPSHX - Volatility Comparison

The current volatility for Pinnacle Value Fund (PVFIX) is 2.08%, while Pinnacle Sherman Multi-Strategy Core Fund (IPSHX) has a volatility of 4.03%. This indicates that PVFIX experiences smaller price fluctuations and is considered to be less risky than IPSHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PVFIX	IPSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	4.03%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	6.14%	9.91%	-3.77%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	13.75%	-3.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,037.89%	14.94%	+1,022.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	733.97%	14.97%	+719.00%

PVFIX vs. IPSHX - Expense Ratio Comparison

Both PVFIX and IPSHX have an expense ratio of 1.24%.

Dividends

PVFIX vs. IPSHX - Dividend Comparison

PVFIX's dividend yield for the trailing twelve months is around 8.64%, more than IPSHX's 2.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPSHX Pinnacle Sherman Multi-Strategy Core Fund	2.89%	3.32%	0.00%	0.00%	0.00%	16.18%	0.00%	0.90%	3.68%	6.15%	0.71%	0.00%
PVFIX Pinnacle Value Fund	8.64%	9.44%	13.80%	6.07%	1.13%	7.71%	0.00%	4.74%	4.45%	3.01%	6.90%	9.41%

Frequently Asked Questions

Can I hold both PVFIX and IPSHX in my portfolio?

PVFIX and IPSHX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PVFIX or IPSHX?

IPSHX has higher volatility (4.03%) compared to PVFIX (2.08%). In terms of maximum drawdown, PVFIX dropped -97.80% vs IPSHX's -25.73%.

Which has better risk-adjusted returns?

IPSHX currently has the higher Sharpe Ratio (2.51 vs 2.22), 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.