SLCVX vs. SBMIX

Last updated Jun 4, 2026

SLCVX (Saratoga Large Capitalization Value Portfolio) and SBMIX (Saratoga Moderate Balanced Allocation Portfolio) are both mutual funds - SLCVX is a Large Cap Value Equities fund managed by Saratoga, while SBMIX is a Diversified Portfolio fund managed by Saratoga. Over the past 5 years, SLCVX returned 8.57%/yr vs 6.73%/yr for SBMIX. Their correlation of 0.89 suggests significant overlap in exposure. SLCVX charges 1.34%/yr vs 0.99%/yr for SBMIX.

Performance

SLCVX vs. SBMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Saratoga Large Capitalization Value Portfolio (SLCVX) and Saratoga Moderate Balanced Allocation Portfolio (SBMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLCVX achieves a 0.94% return, which is significantly lower than SBMIX's 5.28% return.

SLCVX

• 1D: 0.22%
• 1M: 0.49%
• YTD: 0.94%
• 6M: 0.82%
• 1Y: 7.76%
• 3Y*: 13.32%
• 5Y*: 8.57%
• 10Y*: 10.25%

SBMIX

• 1D: 0.47%
• 1M: 2.98%
• YTD: 5.28%
• 6M: 5.18%
• 1Y: 14.61%
• 3Y*: 12.35%
• 5Y*: 6.73%
• 10Y*: —

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

SLCVX vs. SBMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SLCVX Saratoga Large Capitalization Value Portfolio	0.94%	15.75%	6.90%	20.28%	-7.07%	29.37%	8.01%	40.86%	-19.85%
SBMIX Saratoga Moderate Balanced Allocation Portfolio	5.28%	12.25%	11.36%	11.96%	-10.38%	13.50%	9.84%	17.05%	-6.88%

Correlation

The correlation between SLCVX and SBMIX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 12, 2018	0.89

The correlation between SLCVX and SBMIX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Return for Risk

SLCVX vs. SBMIX — Risk / Return Rank

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

SLCVX

SLCVX Risk / Return Rank: 8
SLCVX Sharpe Ratio Rank: 8
SLCVX Sortino Ratio Rank: 8
SLCVX Omega Ratio Rank: 8
SLCVX Calmar Ratio Rank: 8
SLCVX Martin Ratio Rank: 9

SBMIX

SBMIX Risk / Return Rank: 37
SBMIX Sharpe Ratio Rank: 35
SBMIX Sortino Ratio Rank: 36
SBMIX Omega Ratio Rank: 34
SBMIX Calmar Ratio Rank: 35
SBMIX Martin Ratio Rank: 46

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.

SLCVX vs. SBMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saratoga Large Capitalization Value Portfolio (SLCVX) and Saratoga Moderate Balanced Allocation Portfolio (SBMIX). 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.

	SLCVX	SBMIX	Difference
Sharpe ratio: Return per unit of total volatility	0.65	1.73	-1.07
Sortino ratio: Return per unit of downside risk	1.02	2.52	-1.50
Omega ratio: Gain probability vs. loss probability	1.12	1.31	-0.19
Calmar ratio: Return relative to maximum drawdown	0.75	2.22	-1.46
Martin ratio: Return relative to average drawdown	2.52	9.66	-7.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLCVX vs. SBMIX - Sharpe Ratio Comparison

The current SLCVX Sharpe Ratio is 0.65, which is lower than the SBMIX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of SLCVX and SBMIX, 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

	SLCVX	SBMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	1.73	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.64	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.61	-0.21

Drawdowns

SLCVX vs. SBMIX - Drawdown Comparison

The maximum SLCVX drawdown since its inception was -66.49%, which is greater than SBMIX's maximum drawdown of -23.97%. Use the drawdown chart below to compare losses from any high point for SLCVX and SBMIX.

Drawdown Indicators

	SLCVX	SBMIX	Difference
Max Drawdown Largest peak-to-trough decline	-66.49%	-23.97%	-42.52%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-6.85%	-4.45%
Max Drawdown (3Y) Largest decline over 3 years	-16.56%	-12.14%	-4.42%
Max Drawdown (5Y) Largest decline over 5 years	-17.22%	-14.92%	-2.30%
Max Drawdown (10Y) Largest decline over 10 years	-42.78%	—	—
Current Drawdown Current decline from peak	-5.18%	0.00%	-5.18%
Average Drawdown Average peak-to-trough decline	-13.12%	-3.48%	-9.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	1.57%	+1.81%

Volatility

SLCVX vs. SBMIX - Volatility Comparison

Saratoga Large Capitalization Value Portfolio (SLCVX) has a higher volatility of 3.57% compared to Saratoga Moderate Balanced Allocation Portfolio (SBMIX) at 2.64%. This indicates that SLCVX's price experiences larger fluctuations and is considered to be riskier than SBMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLCVX	SBMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	2.64%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	6.92%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	8.81%	+4.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	10.51%	+6.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.45%	11.90%	+7.55%

SLCVX vs. SBMIX - Expense Ratio Comparison

SLCVX has a 1.34% expense ratio, which is higher than SBMIX's 0.99% expense ratio.

Dividends

SLCVX vs. SBMIX - Dividend Comparison

SLCVX's dividend yield for the trailing twelve months is around 12.64%, more than SBMIX's 9.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBMIX Saratoga Moderate Balanced Allocation Portfolio	9.62%	10.12%	3.70%	1.32%	5.93%	8.04%	1.35%	3.40%	3.11%	0.00%	0.00%	0.00%
SLCVX Saratoga Large Capitalization Value Portfolio	12.64%	12.76%	15.96%	0.76%	8.88%	22.87%	0.00%	0.00%	8.08%	7.99%	0.00%	2.20%

Frequently Asked Questions

Can I hold both SLCVX and SBMIX in my portfolio?

SLCVX and SBMIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLCVX or SBMIX?

SLCVX has higher volatility (3.57%) compared to SBMIX (2.64%). In terms of maximum drawdown, SLCVX dropped -66.49% vs SBMIX's -23.97%.

Which has better risk-adjusted returns?

SBMIX currently has the higher Sharpe Ratio (1.73 vs 0.65), 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.