REVS vs. VMAX

Last updated Jun 26, 2026

REVS (Columbia Research Enhanced Value ETF) and VMAX (Hartford US Value ETF) are both Large Cap Value Equities funds. REVS is passively managed, while VMAX is actively managed. Over the past year, REVS returned 25.40% vs 29.83% for VMAX. Their correlation of 0.92 suggests significant overlap in exposure. REVS charges 0.19%/yr vs 0.29%/yr for VMAX.

Performance

REVS vs. VMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Value ETF (REVS) and Hartford US Value ETF (VMAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REVS achieves a 12.34% return, which is significantly lower than VMAX's 15.89% return.

REVS

• 1D: 0.57%
• 1M: 0.69%
• YTD: 12.34%
• 6M: 10.94%
• 1Y: 25.40%
• 3Y*: 18.27%
• 5Y*: 11.72%
• 10Y*: —

VMAX

• 1D: 0.74%
• 1M: 3.06%
• YTD: 15.89%
• 6M: 14.20%
• 1Y: 29.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

REVS vs. VMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
REVS Columbia Research Enhanced Value ETF	12.34%	16.80%	16.36%	5.22%
VMAX Hartford US Value ETF	15.89%	15.65%	15.89%	5.71%

Correlation

The correlation between REVS and VMAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.92

The correlation between REVS and VMAX has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

REVS vs. VMAX - Sectors Allocation Comparison

Sectors	REVS	VMAX
Financial Services	18.3%	32.4%
Technology	16.4%	13.3%
Industrials	11.8%	5.5%
Healthcare	11.4%	11.1%
Communication Services	8.3%	6.6%
Consumer Cyclical	7.7%	3.7%
Consumer Defensive	6.8%	3.7%
Energy	6.7%	11.0%
Utilities	4.4%	5.3%
Real Estate	4.2%	4.4%
Basic Materials	4.0%	2.8%

Return for Risk

REVS vs. VMAX — Risk / Return Rank

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

REVS

REVS Risk / Return Rank: 79
REVS Sharpe Ratio Rank: 80
REVS Sortino Ratio Rank: 82
REVS Omega Ratio Rank: 74
REVS Calmar Ratio Rank: 80
REVS Martin Ratio Rank: 79

VMAX

VMAX Risk / Return Rank: 88
VMAX Sharpe Ratio Rank: 86
VMAX Sortino Ratio Rank: 85
VMAX Omega Ratio Rank: 83
VMAX Calmar Ratio Rank: 94
VMAX Martin Ratio Rank: 93

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.

REVS vs. VMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Value ETF (REVS) and Hartford US Value ETF (VMAX). 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.

	REVS	VMAX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.44	-0.23
Sortino ratio: Return per unit of downside risk	3.20	3.32	-0.13
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.05
Calmar ratio: Return relative to maximum drawdown	3.68	6.08	-2.40
Martin ratio: Return relative to average drawdown	13.35	21.32	-7.97

REVS vs. VMAX - Sharpe Ratio Comparison

The current REVS Sharpe Ratio is 2.22, which is comparable to the VMAX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of REVS and VMAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

REVS vs. VMAX - Drawdown Comparison

The maximum REVS drawdown since its inception was -37.85%, which is greater than VMAX's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for REVS and VMAX.

Drawdown Indicators

	REVS	VMAX	Difference
Max Drawdown Largest peak-to-trough decline	-37.85%	-19.05%	-18.80%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-4.93%	-2.01%
Max Drawdown (3Y) Largest decline over 3 years	-16.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	—	—
Current Drawdown Current decline from peak	-0.73%	0.00%	-0.73%
Average Drawdown Average peak-to-trough decline	-4.62%	-2.52%	-2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.40%	+0.51%

Volatility

REVS vs. VMAX - Volatility Comparison

Columbia Research Enhanced Value ETF (REVS) and Hartford US Value ETF (VMAX) have volatilities of 3.09% and 3.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REVS	VMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	3.22%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	8.83%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	12.29%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	15.39%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.07%	15.39%	+3.68%

REVS vs. VMAX - Expense Ratio Comparison

REVS has a 0.19% expense ratio, which is lower than VMAX's 0.29% expense ratio.

Dividends

REVS vs. VMAX - Dividend Comparison

REVS's dividend yield for the trailing twelve months is around 1.90%, more than VMAX's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
REVS Columbia Research Enhanced Value ETF	1.90%	2.13%	1.89%	2.49%	2.46%	1.18%	27.75%	0.70%
VMAX Hartford US Value ETF	1.86%	2.14%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both REVS and VMAX in my portfolio?

With a correlation of 0.91, REVS and VMAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, REVS or VMAX?

VMAX has higher volatility (3.22%) compared to REVS (3.09%). In terms of maximum drawdown, REVS dropped -37.85% vs VMAX's -19.05%.

Which ETF is better, REVS or VMAX?

On 1-year performance, VMAX leads with 29.83% vs 25.40% for REVS. On fees, REVS is cheaper at 0.19% per year. On volatility, REVS has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, REVS or VMAX?

Over the 1-year period, VMAX has performed better with a 29.83% return vs 25.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, REVS or VMAX?

REVS is cheaper with a 0.19% expense ratio, compared with 0.29% for VMAX.

Which ETF pays a higher dividend yield, REVS or VMAX?

REVS has the higher dividend yield at 1.90%, compared with 1.86% for VMAX.

What is the main difference between REVS and VMAX?

They also come from different issuers: Ameriprise Financial and Hartford. Their fees differ too: 0.19% for REVS and 0.29% for VMAX.

Which has better risk-adjusted returns?

VMAX currently has the higher Sharpe Ratio (2.44 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.