PZVSX vs. AVALX
Compare and contrast key facts about Pzena Small Cap Value Fund (PZVSX) and Aegis Value Fund (AVALX).
PZVSX is managed by Pzena. It was launched on Apr 27, 2016. AVALX is managed by Aegis. It was launched on May 15, 1998.
Performance
PZVSX vs. AVALX - Performance Comparison
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PZVSX vs. AVALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZVSX Pzena Small Cap Value Fund | 2.79% | -4.94% | 1.62% | 25.62% | -5.33% | 27.93% | -0.09% | 24.84% | -15.19% | 2.10% |
AVALX Aegis Value Fund | 16.31% | 67.06% | 8.29% | 13.11% | 10.50% | 37.67% | 18.89% | 25.67% | -16.95% | 15.24% |
Returns By Period
In the year-to-date period, PZVSX achieves a 2.79% return, which is significantly lower than AVALX's 16.31% return.
PZVSX
- 1D
- 2.16%
- 1M
- -6.09%
- YTD
- 2.79%
- 6M
- -2.15%
- 1Y
- 10.52%
- 3Y*
- 6.80%
- 5Y*
- 4.27%
- 10Y*
- —
AVALX
- 1D
- 2.45%
- 1M
- -3.79%
- YTD
- 16.31%
- 6M
- 27.20%
- 1Y
- 72.73%
- 3Y*
- 29.90%
- 5Y*
- 25.51%
- 10Y*
- 21.84%
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PZVSX vs. AVALX - Expense Ratio Comparison
PZVSX has a 1.52% expense ratio, which is higher than AVALX's 1.50% expense ratio.
Return for Risk
PZVSX vs. AVALX — Risk / Return Rank
PZVSX
AVALX
PZVSX vs. AVALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pzena Small Cap Value Fund (PZVSX) and Aegis Value Fund (AVALX). 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.
| PZVSX | AVALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 3.51 | -3.13 |
Sortino ratioReturn per unit of downside risk | 0.75 | 4.14 | -3.39 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.63 | -0.53 |
Calmar ratioReturn relative to maximum drawdown | 0.61 | 5.65 | -5.04 |
Martin ratioReturn relative to average drawdown | 1.54 | 27.42 | -25.88 |
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
| PZVSX | AVALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 3.51 | -3.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 1.13 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.53 | -0.33 |
Correlation
The correlation between PZVSX and AVALX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PZVSX vs. AVALX - Dividend Comparison
PZVSX's dividend yield for the trailing twelve months is around 2.27%, more than AVALX's 2.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZVSX Pzena Small Cap Value Fund | 2.27% | 2.33% | 7.03% | 0.45% | 17.31% | 1.25% | 1.39% | 0.00% | 4.56% | 7.54% | 0.00% | 0.00% |
AVALX Aegis Value Fund | 2.01% | 2.34% | 7.07% | 2.23% | 0.16% | 0.00% | 6.62% | 2.36% | 6.18% | 0.00% | 1.45% | 0.04% |
Drawdowns
PZVSX vs. AVALX - Drawdown Comparison
The maximum PZVSX drawdown since its inception was -54.22%, smaller than the maximum AVALX drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for PZVSX and AVALX.
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Drawdown Indicators
| PZVSX | AVALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.22% | -73.72% | +19.50% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -13.02% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -32.43% | -32.00% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.34% | — |
Current DrawdownCurrent decline from peak | -11.31% | -3.79% | -7.52% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -11.01% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.72% | 2.68% | +4.04% |
Volatility
PZVSX vs. AVALX - Volatility Comparison
Pzena Small Cap Value Fund (PZVSX) has a higher volatility of 6.36% compared to Aegis Value Fund (AVALX) at 5.77%. This indicates that PZVSX's price experiences larger fluctuations and is considered to be riskier than AVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PZVSX | AVALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 5.77% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 14.37% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.72% | 21.22% | +6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 22.62% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.59% | 22.33% | +5.26% |