PZLV vs. PZIV
PZLV (Pzena U.S. Large Cap Value ETF) and PZIV (Pzena International Value ETF) are both exchange-traded funds - PZLV is a Large Cap Value Equities fund actively managed by Pzena, while PZIV is a Foreign Large Cap Equities fund actively managed by Pzena. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. PZLV charges 0.60%/yr vs 0.70%/yr for PZIV.
Performance
PZLV vs. PZIV - Performance Comparison
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Returns By Period
PZLV
- 1D
- 1.69%
- 1M
- 4.06%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PZIV
- 1D
- 0.03%
- 1M
- 1.56%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PZLV vs. PZIV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PZLV Pzena U.S. Large Cap Value ETF | 18.94% |
PZIV Pzena International Value ETF | 13.27% |
Correlation
The correlation between PZLV and PZIV is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026 | 0.52 |
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Return for Risk
PZLV vs. PZIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pzena U.S. Large Cap Value ETF (PZLV) and Pzena International Value ETF (PZIV). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
PZLV vs. PZIV - Drawdown Comparison
The maximum PZLV drawdown since its inception was -2.81%, smaller than the maximum PZIV drawdown of -3.74%. Use the drawdown chart below to compare losses from any high point for PZLV and PZIV.
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Drawdown Indicators
| PZLV | PZIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.81% | -3.74% | +0.93% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -0.93% | +0.20% |
Volatility
PZLV vs. PZIV - Volatility Comparison
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Volatility by Period
| PZLV | PZIV | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 14.35% | 15.24% | -0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 15.24% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.35% | 15.24% | -0.89% |
PZLV vs. PZIV - Expense Ratio Comparison
PZLV has a 0.60% expense ratio, which is lower than PZIV's 0.70% expense ratio.
Dividends
PZLV vs. PZIV - Dividend Comparison
Neither PZLV nor PZIV has paid dividends to shareholders.
Frequently Asked Questions
PZLV and PZIV have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PZLV is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PZLV is cheaper with a 0.60% expense ratio, compared with 0.70% for PZIV.
PZLV and PZIV have nearly identical dividend yields, around 0.00%.
PZLV is categorized as Large Cap Value Equities, while PZIV is Foreign Large Cap Equities. Their fees differ too: 0.60% for PZLV and 0.70% for PZIV.
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