SLCVX vs. SSCPX

Last updated Jun 24, 2026

SLCVX (Saratoga Large Capitalization Value Portfolio) and SSCPX (Saratoga Small Capitalization Portfolio) are both mutual funds - SLCVX is a Large Cap Value Equities fund managed by Saratoga, while SSCPX is a Small Cap Growth Equities fund managed by Saratoga. Over the past 10 years, SLCVX returned 11.43%/yr vs 12.10%/yr for SSCPX. Their correlation of 0.80 suggests significant overlap in exposure. SLCVX charges 1.34%/yr vs 1.70%/yr for SSCPX.

Performance

SLCVX vs. SSCPX - Performance Comparison

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

Returns By Period

In the year-to-date period, SLCVX achieves a 4.87% return, which is significantly lower than SSCPX's 27.15% return. Over the past 10 years, SLCVX has underperformed SSCPX with an annualized return of 11.43%, while SSCPX has yielded a comparatively higher 12.10% annualized return.

SLCVX

• 1D: 0.21%
• 1M: 4.48%
• YTD: 4.87%
• 6M: 3.44%
• 1Y: 9.63%
• 3Y*: 13.68%
• 5Y*: 9.81%
• 10Y*: 11.43%

SSCPX

• 1D: 1.04%
• 1M: 8.20%
• YTD: 27.15%
• 6M: 23.90%
• 1Y: 40.72%
• 3Y*: 19.24%
• 5Y*: 9.19%
• 10Y*: 12.10%

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

SLCVX vs. SSCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLCVX Saratoga Large Capitalization Value Portfolio	4.87%	15.75%	6.90%	20.28%	-7.07%	29.37%	8.01%	40.86%	-17.47%	8.58%
SSCPX Saratoga Small Capitalization Portfolio	27.15%	6.41%	10.79%	15.16%	-17.56%	24.53%	25.39%	23.71%	-16.14%	15.58%

Correlation

The correlation between SLCVX and SSCPX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 3, 1995	0.80

The correlation between SLCVX and SSCPX shifts across timeframes, from 0.74 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SLCVX vs. SSCPX — Risk / Return Rank

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

SLCVX

SLCVX Risk / Return Rank: 10
SLCVX Sharpe Ratio Rank: 10
SLCVX Sortino Ratio Rank: 11
SLCVX Omega Ratio Rank: 10
SLCVX Calmar Ratio Rank: 10
SLCVX Martin Ratio Rank: 11

SSCPX

SSCPX Risk / Return Rank: 63
SSCPX Sharpe Ratio Rank: 60
SSCPX Sortino Ratio Rank: 56
SSCPX Omega Ratio Rank: 49
SSCPX Calmar Ratio Rank: 83
SSCPX Martin Ratio Rank: 69

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. SSCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Saratoga Large Capitalization Value Portfolio (SLCVX) and Saratoga Small Capitalization Portfolio (SSCPX). 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.

	SLCVX	SSCPX	Difference
Sharpe ratio: Return per unit of total volatility	0.76	2.09	-1.33
Sortino ratio: Return per unit of downside risk	1.19	2.88	-1.70
Omega ratio: Gain probability vs. loss probability	1.14	1.35	-0.21
Calmar ratio: Return relative to maximum drawdown	0.93	3.67	-2.74
Martin ratio: Return relative to average drawdown	2.99	12.49	-9.50

SLCVX vs. SSCPX - Sharpe Ratio Comparison

The current SLCVX Sharpe Ratio is 0.76, which is lower than the SSCPX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of SLCVX and SSCPX, 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

SLCVX vs. SSCPX - Drawdown Comparison

The maximum SLCVX drawdown since its inception was -66.49%, which is greater than SSCPX's maximum drawdown of -53.65%. Use the drawdown chart below to compare losses from any high point for SLCVX and SSCPX.

Drawdown Indicators

	SLCVX	SSCPX	Difference
Max Drawdown Largest peak-to-trough decline	-66.49%	-53.65%	-12.84%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-11.54%	+0.24%
Max Drawdown (3Y) Largest decline over 3 years	-16.56%	-27.78%	+11.22%
Max Drawdown (5Y) Largest decline over 5 years	-17.22%	-27.78%	+10.56%
Max Drawdown (10Y) Largest decline over 10 years	-42.78%	-43.59%	+0.81%
Current Drawdown Current decline from peak	-1.48%	0.00%	-1.48%
Average Drawdown Average peak-to-trough decline	-13.10%	-10.23%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	3.39%	+0.12%

Volatility

SLCVX vs. SSCPX - Volatility Comparison

The current volatility for Saratoga Large Capitalization Value Portfolio (SLCVX) is 5.20%, while Saratoga Small Capitalization Portfolio (SSCPX) has a volatility of 6.15%. This indicates that SLCVX experiences smaller price fluctuations and is considered to be less risky than SSCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLCVX	SSCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	6.15%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	11.10%	15.17%	-4.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	20.28%	-6.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.43%	22.22%	-4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.49%	23.05%	-3.56%

SLCVX vs. SSCPX - Expense Ratio Comparison

SLCVX has a 1.34% expense ratio, which is lower than SSCPX's 1.70% expense ratio.

Dividends

SLCVX vs. SSCPX - Dividend Comparison

SLCVX's dividend yield for the trailing twelve months is around 12.17%, more than SSCPX's 7.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLCVX Saratoga Large Capitalization Value Portfolio	12.17%	12.76%	15.96%	0.76%	8.88%	22.87%	0.00%	0.00%	8.08%	7.99%	0.00%	2.20%
SSCPX Saratoga Small Capitalization Portfolio	7.09%	9.02%	11.37%	0.00%	10.18%	24.67%	0.02%	0.00%	17.42%	0.00%	0.00%	58.90%

Frequently Asked Questions

Can I hold both SLCVX and SSCPX in my portfolio?

SLCVX and SSCPX have a correlation of 0.74, 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 SSCPX?

SSCPX has higher volatility (6.15%) compared to SLCVX (5.20%). In terms of maximum drawdown, SLCVX dropped -66.49% vs SSCPX's -53.65%.

Which has better risk-adjusted returns?

SSCPX currently has the higher Sharpe Ratio (2.09 vs 0.76), 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.