PVIVX vs. FDM
Compare and contrast key facts about Paradigm Micro-cap Fund (PVIVX) and First Trust Dow Jones Select MicroCap Index Fund (FDM).
PVIVX is managed by Paradigm Funds. It was launched on Dec 31, 2007. FDM is a passively managed fund by First Trust that tracks the performance of the Dow Jones Select Microcap Index. It was launched on Sep 27, 2005.
Performance
PVIVX vs. FDM - Performance Comparison
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PVIVX vs. FDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PVIVX Paradigm Micro-cap Fund | -1.09% | -4.81% | 13.48% | 17.89% | -20.62% | 27.94% | 46.96% | 22.38% | -10.88% | 15.82% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 3.39% | 18.64% | 13.00% | 12.76% | -11.61% | 35.08% | -4.04% | 27.45% | -13.53% | 8.72% |
Returns By Period
In the year-to-date period, PVIVX achieves a -1.09% return, which is significantly lower than FDM's 3.39% return. Both investments have delivered pretty close results over the past 10 years, with PVIVX having a 11.35% annualized return and FDM not far behind at 11.22%.
PVIVX
- 1D
- -1.90%
- 1M
- -11.09%
- YTD
- -1.09%
- 6M
- -5.57%
- 1Y
- 10.38%
- 3Y*
- 5.63%
- 5Y*
- 1.56%
- 10Y*
- 11.35%
FDM
- 1D
- 1.32%
- 1M
- -3.24%
- YTD
- 3.39%
- 6M
- 9.17%
- 1Y
- 33.86%
- 3Y*
- 17.23%
- 5Y*
- 7.95%
- 10Y*
- 11.22%
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PVIVX vs. FDM - Expense Ratio Comparison
PVIVX has a 1.25% expense ratio, which is higher than FDM's 0.60% expense ratio.
Return for Risk
PVIVX vs. FDM — Risk / Return Rank
PVIVX
FDM
PVIVX vs. FDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Paradigm Micro-cap Fund (PVIVX) and First Trust Dow Jones Select MicroCap Index Fund (FDM). 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.
| PVIVX | FDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.34 | 1.53 | -1.19 |
Sortino ratioReturn per unit of downside risk | 0.69 | 2.22 | -1.53 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.47 | 2.78 | -2.31 |
Martin ratioReturn relative to average drawdown | 1.28 | 9.61 | -8.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PVIVX | FDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 1.53 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.37 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | 0.48 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.34 | -0.32 |
Correlation
The correlation between PVIVX and FDM is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PVIVX vs. FDM - Dividend Comparison
PVIVX's dividend yield for the trailing twelve months is around 16.11%, more than FDM's 1.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PVIVX Paradigm Micro-cap Fund | 16.11% | 15.93% | 6.40% | 0.00% | 0.00% | 1.11% | 5.25% | 0.01% | 14.09% | 6.88% | 3.61% | 1.32% |
FDM First Trust Dow Jones Select MicroCap Index Fund | 1.33% | 1.43% | 1.56% | 1.81% | 1.80% | 1.08% | 1.68% | 1.37% | 1.26% | 0.97% | 1.13% | 1.45% |
Drawdowns
PVIVX vs. FDM - Drawdown Comparison
The maximum PVIVX drawdown since its inception was -95.67%, which is greater than FDM's maximum drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for PVIVX and FDM.
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Drawdown Indicators
| PVIVX | FDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.67% | -63.45% | -32.22% |
Max Drawdown (1Y)Largest decline over 1 year | -14.84% | -11.99% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -95.67% | -23.74% | -71.93% |
Max Drawdown (10Y)Largest decline over 10 years | -95.67% | -47.76% | -47.91% |
Current DrawdownCurrent decline from peak | -94.57% | -5.74% | -88.83% |
Average DrawdownAverage peak-to-trough decline | -16.15% | -11.43% | -4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 3.46% | +1.98% |
Volatility
PVIVX vs. FDM - Volatility Comparison
Paradigm Micro-cap Fund (PVIVX) has a higher volatility of 8.39% compared to First Trust Dow Jones Select MicroCap Index Fund (FDM) at 6.37%. This indicates that PVIVX's price experiences larger fluctuations and is considered to be riskier than FDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PVIVX | FDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 6.37% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 17.65% | 14.17% | +3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.19% | 22.29% | +6.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 887.36% | 21.53% | +865.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 627.66% | 23.33% | +604.33% |