PZVSX vs. PZIEX
Compare and contrast key facts about Pzena Small Cap Value Fund (PZVSX) and Pzena Emerging Markets Value Fund Institutional Class (PZIEX).
PZVSX is managed by Pzena. It was launched on Apr 27, 2016. PZIEX is an actively managed fund by Pzena. It was launched on Mar 31, 2014.
Performance
PZVSX vs. PZIEX - Performance Comparison
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PZVSX vs. PZIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PZVSX Pzena Small Cap Value Fund | 0.62% | -4.94% | 1.62% | 25.62% | -5.33% | 27.93% | -0.09% | 24.84% | -15.19% | 2.10% |
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 4.56% | 35.49% | 4.54% | 20.73% | -5.67% | 6.65% | 8.43% | 13.57% | -10.23% | 28.79% |
Returns By Period
In the year-to-date period, PZVSX achieves a 0.62% return, which is significantly lower than PZIEX's 4.56% return.
PZVSX
- 1D
- -0.46%
- 1M
- -8.65%
- YTD
- 0.62%
- 6M
- -4.07%
- 1Y
- 8.10%
- 3Y*
- 6.04%
- 5Y*
- 4.13%
- 10Y*
- —
PZIEX
- 1D
- -1.41%
- 1M
- -11.82%
- YTD
- 4.56%
- 6M
- 10.95%
- 1Y
- 33.26%
- 3Y*
- 18.81%
- 5Y*
- 10.19%
- 10Y*
- 11.43%
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PZVSX vs. PZIEX - Expense Ratio Comparison
PZVSX has a 1.52% expense ratio, which is higher than PZIEX's 1.08% expense ratio.
Return for Risk
PZVSX vs. PZIEX — Risk / Return Rank
PZVSX
PZIEX
PZVSX vs. PZIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pzena Small Cap Value Fund (PZVSX) and Pzena Emerging Markets Value Fund Institutional Class (PZIEX). 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 | PZIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | 2.07 | -1.78 |
Sortino ratioReturn per unit of downside risk | 0.63 | 2.52 | -1.89 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.39 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 0.29 | 2.40 | -2.11 |
Martin ratioReturn relative to average drawdown | 0.74 | 9.28 | -8.54 |
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 | PZIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 2.07 | -1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.71 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.57 | -0.38 |
Correlation
The correlation between PZVSX and PZIEX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PZVSX vs. PZIEX - Dividend Comparison
PZVSX's dividend yield for the trailing twelve months is around 2.32%, less than PZIEX's 4.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZVSX Pzena Small Cap Value Fund | 2.32% | 2.33% | 7.03% | 0.45% | 17.31% | 1.25% | 1.39% | 0.00% | 4.56% | 7.54% | 0.00% | 0.00% |
PZIEX Pzena Emerging Markets Value Fund Institutional Class | 4.60% | 4.81% | 7.38% | 5.79% | 2.08% | 2.79% | 1.28% | 6.32% | 1.28% | 1.41% | 0.98% | 2.23% |
Drawdowns
PZVSX vs. PZIEX - Drawdown Comparison
The maximum PZVSX drawdown since its inception was -54.22%, which is greater than PZIEX's maximum drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for PZVSX and PZIEX.
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Drawdown Indicators
| PZVSX | PZIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.22% | -44.59% | -9.63% |
Max Drawdown (1Y)Largest decline over 1 year | -17.01% | -12.73% | -4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -32.43% | -25.38% | -7.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.59% | — |
Current DrawdownCurrent decline from peak | -13.18% | -12.73% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -9.64% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 3.29% | +3.39% |
Volatility
PZVSX vs. PZIEX - Volatility Comparison
The current volatility for Pzena Small Cap Value Fund (PZVSX) is 5.82%, while Pzena Emerging Markets Value Fund Institutional Class (PZIEX) has a volatility of 7.69%. This indicates that PZVSX experiences smaller price fluctuations and is considered to be less risky than PZIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PZVSX | PZIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 7.69% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 11.62% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.69% | 15.48% | +12.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.35% | 14.51% | +9.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.59% | 15.31% | +12.28% |