SBHVX vs. SBEMX

Last updated Jun 4, 2026

SBHVX (Segall Bryant & Hamill Small Cap Value Fund) and SBEMX (Segall Bryant & Hamill Emerging Markets Fund) are both mutual funds - SBHVX is a Small Cap Blend Equities fund managed by Segall Bryant & Hamill, while SBEMX is a Emerging Markets Diversified fund managed by Segall Bryant & Hamill. Over the past 10 years, SBHVX returned 10.55%/yr vs 12.98%/yr for SBEMX. A 0.55 correlation means they provide meaningful diversification when combined. SBHVX charges 0.97%/yr vs 1.23%/yr for SBEMX.

Performance

SBHVX vs. SBEMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Segall Bryant & Hamill Small Cap Value Fund (SBHVX) and Segall Bryant & Hamill Emerging Markets Fund (SBEMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBHVX achieves a 20.69% return, which is significantly lower than SBEMX's 30.40% return. Over the past 10 years, SBHVX has underperformed SBEMX with an annualized return of 10.55%, while SBEMX has yielded a comparatively higher 12.98% annualized return.

SBHVX

• 1D: 1.46%
• 1M: 4.81%
• YTD: 20.69%
• 6M: 20.39%
• 1Y: 44.43%
• 3Y*: 18.41%
• 5Y*: 7.47%
• 10Y*: 10.55%

SBEMX

• 1D: 1.45%
• 1M: 12.08%
• YTD: 30.40%
• 6M: 34.11%
• 1Y: 60.33%
• 3Y*: 30.91%
• 5Y*: 13.37%
• 10Y*: 12.98%

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

SBHVX vs. SBEMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBHVX Segall Bryant & Hamill Small Cap Value Fund	20.69%	12.27%	12.31%	11.97%	-14.66%	16.61%	6.22%	24.65%	-4.54%	10.92%
SBEMX Segall Bryant & Hamill Emerging Markets Fund	30.40%	35.14%	13.83%	20.64%	-16.04%	5.46%	7.17%	18.83%	-17.07%	36.08%

Correlation

The correlation between SBHVX and SBEMX is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.55

The correlation between SBHVX and SBEMX has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.

Return for Risk

SBHVX vs. SBEMX — Risk / Return Rank

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

SBHVX

SBHVX Risk / Return Rank: 66
SBHVX Sharpe Ratio Rank: 65
SBHVX Sortino Ratio Rank: 63
SBHVX Omega Ratio Rank: 53
SBHVX Calmar Ratio Rank: 83
SBHVX Martin Ratio Rank: 68

SBEMX

SBEMX Risk / Return Rank: 91
SBEMX Sharpe Ratio Rank: 96
SBEMX Sortino Ratio Rank: 90
SBEMX Omega Ratio Rank: 90
SBEMX Calmar Ratio Rank: 89
SBEMX Martin Ratio Rank: 90

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.

SBHVX vs. SBEMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Small Cap Value Fund (SBHVX) and Segall Bryant & Hamill Emerging Markets Fund (SBEMX). 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.

	SBHVX	SBEMX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	3.52	-1.16
Sortino ratio: Return per unit of downside risk	3.33	4.41	-1.08
Omega ratio: Gain probability vs. loss probability	1.40	1.66	-0.26
Calmar ratio: Return relative to maximum drawdown	3.91	4.47	-0.56
Martin ratio: Return relative to average drawdown	13.27	18.13	-4.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBHVX vs. SBEMX - Sharpe Ratio Comparison

The current SBHVX Sharpe Ratio is 2.36, which is lower than the SBEMX Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of SBHVX and SBEMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SBHVX	SBEMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	3.52	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.87	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.79	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.48	-0.03

Drawdowns

SBHVX vs. SBEMX - Drawdown Comparison

The maximum SBHVX drawdown since its inception was -41.54%, roughly equal to the maximum SBEMX drawdown of -41.05%. Use the drawdown chart below to compare losses from any high point for SBHVX and SBEMX.

Drawdown Indicators

	SBHVX	SBEMX	Difference
Max Drawdown Largest peak-to-trough decline	-41.54%	-41.05%	-0.49%
Max Drawdown (1Y) Largest decline over 1 year	-12.18%	-13.65%	+1.47%
Max Drawdown (3Y) Largest decline over 3 years	-29.43%	-14.57%	-14.86%
Max Drawdown (5Y) Largest decline over 5 years	-29.43%	-31.75%	+2.32%
Max Drawdown (10Y) Largest decline over 10 years	-41.54%	-41.05%	-0.49%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.27%	-12.46%	+5.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	3.36%	+0.22%

Volatility

SBHVX vs. SBEMX - Volatility Comparison

The current volatility for Segall Bryant & Hamill Small Cap Value Fund (SBHVX) is 5.48%, while Segall Bryant & Hamill Emerging Markets Fund (SBEMX) has a volatility of 7.90%. This indicates that SBHVX experiences smaller price fluctuations and is considered to be less risky than SBEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBHVX	SBEMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	7.90%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	13.70%	15.00%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	20.15%	17.31%	+2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	15.41%	+5.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.29%	16.51%	+4.78%

SBHVX vs. SBEMX - Expense Ratio Comparison

SBHVX has a 0.97% expense ratio, which is lower than SBEMX's 1.23% expense ratio.

Dividends

SBHVX vs. SBEMX - Dividend Comparison

SBHVX's dividend yield for the trailing twelve months is around 9.65%, more than SBEMX's 2.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBEMX Segall Bryant & Hamill Emerging Markets Fund	2.11%	2.76%	6.69%	5.59%	4.19%	5.38%	1.77%	2.61%	3.32%	4.89%	2.09%	4.06%
SBHVX Segall Bryant & Hamill Small Cap Value Fund	9.65%	11.65%	4.61%	1.37%	1.25%	4.66%	0.95%	6.05%	10.28%	6.78%	0.22%	5.76%

Frequently Asked Questions

Can I hold both SBHVX and SBEMX in my portfolio?

SBHVX and SBEMX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBHVX or SBEMX?

SBEMX has higher volatility (7.90%) compared to SBHVX (5.48%). In terms of maximum drawdown, SBHVX dropped -41.54% vs SBEMX's -41.05%.

Which has better risk-adjusted returns?

SBEMX currently has the higher Sharpe Ratio (3.52 vs 2.36), 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.