SFGV vs. AVALX

Last updated Jun 4, 2026

SFGV (Sequoia Global Value ETF) and AVALX (Aegis Value Fund) are both funds - SFGV is a Global Equities fund actively managed by Sequoia, while AVALX is a Small Cap Value Equities fund managed by Aegis. Over the past year, SFGV returned 25.44% vs 58.85% for AVALX. A 0.53 correlation means they provide meaningful diversification when combined. SFGV charges 0.33%/yr vs 1.50%/yr for AVALX.

Performance

SFGV vs. AVALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sequoia Global Value ETF (SFGV) and Aegis Value Fund (AVALX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SFGV achieves a 11.37% return, which is significantly lower than AVALX's 21.92% return.

SFGV

• 1D: -0.38%
• 1M: 3.27%
• YTD: 11.37%
• 6M: 11.60%
• 1Y: 25.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVALX

• 1D: 1.28%
• 1M: 1.25%
• YTD: 21.92%
• 6M: 24.36%
• 1Y: 58.85%
• 3Y*: 34.33%
• 5Y*: 21.88%
• 10Y*: 20.56%

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

SFGV vs. AVALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SFGV Sequoia Global Value ETF	11.37%	18.84%	10.71%
AVALX Aegis Value Fund	21.92%	67.06%	14.13%

Correlation

The correlation between SFGV and AVALX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024	0.53

The correlation between SFGV and AVALX has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.

Return for Risk

SFGV vs. AVALX — Risk / Return Rank

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

SFGV

SFGV Risk / Return Rank: 66
SFGV Sharpe Ratio Rank: 68
SFGV Sortino Ratio Rank: 70
SFGV Omega Ratio Rank: 66
SFGV Calmar Ratio Rank: 62
SFGV Martin Ratio Rank: 64

AVALX

AVALX Risk / Return Rank: 94
AVALX Sharpe Ratio Rank: 97
AVALX Sortino Ratio Rank: 91
AVALX Omega Ratio Rank: 89
AVALX Calmar Ratio Rank: 97
AVALX Martin Ratio Rank: 97

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.

SFGV vs. AVALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sequoia Global Value ETF (SFGV) 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.

	SFGV	AVALX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	3.66	-1.45
Sortino ratio: Return per unit of downside risk	3.17	4.43	-1.26
Omega ratio: Gain probability vs. loss probability	1.39	1.62	-0.23
Calmar ratio: Return relative to maximum drawdown	3.06	7.34	-4.28
Martin ratio: Return relative to average drawdown	11.43	25.89	-14.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SFGV vs. AVALX - Sharpe Ratio Comparison

The current SFGV Sharpe Ratio is 2.21, which is lower than the AVALX Sharpe Ratio of 3.66. The chart below compares the historical Sharpe Ratios of SFGV and AVALX, 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

	SFGV	AVALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	3.66	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.54	+0.79

Drawdowns

SFGV vs. AVALX - Drawdown Comparison

The maximum SFGV drawdown since its inception was -14.51%, smaller than the maximum AVALX drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for SFGV and AVALX.

Drawdown Indicators

	SFGV	AVALX	Difference
Max Drawdown Largest peak-to-trough decline	-14.51%	-73.72%	+59.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-8.32%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.34%	—
Current Drawdown Current decline from peak	-0.38%	-0.64%	+0.26%
Average Drawdown Average peak-to-trough decline	-1.89%	-10.95%	+9.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.35%	-0.12%

Volatility

SFGV vs. AVALX - Volatility Comparison

Sequoia Global Value ETF (SFGV) and Aegis Value Fund (AVALX) have volatilities of 2.95% and 3.09%, 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

	SFGV	AVALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	3.09%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	8.62%	12.61%	-3.99%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	16.77%	-5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.26%	22.22%	-8.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.26%	22.17%	-8.91%

SFGV vs. AVALX - Expense Ratio Comparison

SFGV has a 0.33% expense ratio, which is lower than AVALX's 1.50% expense ratio.

Dividends

SFGV vs. AVALX - Dividend Comparison

SFGV's dividend yield for the trailing twelve months is around 2.25%, more than AVALX's 1.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVALX Aegis Value Fund	1.92%	2.34%	7.07%	2.23%	0.16%	0.00%	6.62%	2.36%	6.18%	0.00%	1.45%	0.04%
SFGV Sequoia Global Value ETF	2.25%	2.52%	2.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFGV and AVALX in my portfolio?

SFGV and AVALX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SFGV or AVALX?

AVALX has higher volatility (3.09%) compared to SFGV (2.95%). In terms of maximum drawdown, SFGV dropped -14.51% vs AVALX's -73.72%.

Which has better risk-adjusted returns?

AVALX currently has the higher Sharpe Ratio (3.66 vs 2.21), 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.