SMVLX vs. FGINX

Last updated Jun 4, 2026

SMVLX (Smead Value Fund) and FGINX (Delaware Growth and Income Fund) are both Large Cap Value Equities funds. Over the past 10 years, SMVLX returned 12.13%/yr vs 13.35%/yr for FGINX. Their correlation of 0.88 suggests significant overlap in exposure. SMVLX charges 1.26%/yr vs 1.02%/yr for FGINX.

Performance

SMVLX vs. FGINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smead Value Fund (SMVLX) and Delaware Growth and Income Fund (FGINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMVLX achieves a 13.63% return, which is significantly lower than FGINX's 17.90% return. Over the past 10 years, SMVLX has underperformed FGINX with an annualized return of 12.13%, while FGINX has yielded a comparatively higher 13.35% annualized return.

SMVLX

• 1D: 0.61%
• 1M: 0.39%
• YTD: 13.63%
• 6M: 11.21%
• 1Y: 28.87%
• 3Y*: 13.91%
• 5Y*: 9.52%
• 10Y*: 12.13%

FGINX

• 1D: 0.92%
• 1M: 7.14%
• YTD: 17.90%
• 6M: 22.44%
• 1Y: 44.31%
• 3Y*: 26.43%
• 5Y*: 16.27%
• 10Y*: 13.35%

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

SMVLX vs. FGINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMVLX Smead Value Fund	13.63%	5.05%	4.78%	16.87%	-2.79%	42.46%	1.71%	26.29%	-4.79%	19.73%
FGINX Delaware Growth and Income Fund	17.90%	29.78%	15.13%	11.98%	3.03%	21.37%	-0.08%	25.64%	-10.27%	18.08%

Correlation

The correlation between SMVLX and FGINX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 5, 2009	0.88

Over the past year, the correlation between SMVLX and FGINX has dropped to 0.61 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

SMVLX vs. FGINX — Risk / Return Rank

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

SMVLX

SMVLX Risk / Return Rank: 67
SMVLX Sharpe Ratio Rank: 54
SMVLX Sortino Ratio Rank: 57
SMVLX Omega Ratio Rank: 50
SMVLX Calmar Ratio Rank: 93
SMVLX Martin Ratio Rank: 81

FGINX

FGINX Risk / Return Rank: 96
FGINX Sharpe Ratio Rank: 98
FGINX Sortino Ratio Rank: 96
FGINX Omega Ratio Rank: 94
FGINX Calmar Ratio Rank: 96
FGINX Martin Ratio Rank: 96

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.

SMVLX vs. FGINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Smead Value Fund (SMVLX) and Delaware Growth and Income Fund (FGINX). 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.

	SMVLX	FGINX	Difference
Sharpe ratio Return per unit of total volatility	2.17	4.01	-1.84
Sortino ratio Return per unit of downside risk	3.17	5.51	-2.34
Omega ratio Gain probability vs. loss probability	1.38	1.72	-0.34
Calmar ratio Return relative to maximum drawdown	5.20	6.20	-1.00
Martin ratio Return relative to average drawdown	15.13	23.67	-8.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMVLX vs. FGINX - Sharpe Ratio Comparison

The current SMVLX Sharpe Ratio is 2.17, which is lower than the FGINX Sharpe Ratio of 4.01. The chart below compares the historical Sharpe Ratios of SMVLX and FGINX, 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

	SMVLX	FGINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	4.01	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	1.10	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.79	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.55	+0.15

Drawdowns

SMVLX vs. FGINX - Drawdown Comparison

The maximum SMVLX drawdown since its inception was -39.56%, smaller than the maximum FGINX drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for SMVLX and FGINX.

Drawdown Indicators

	SMVLX	FGINX	Difference
Max Drawdown Largest peak-to-trough decline	-39.56%	-54.80%	+15.24%
Max Drawdown (1Y) Largest decline over 1 year	-5.90%	-7.34%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-24.62%	-13.28%	-11.34%
Max Drawdown (5Y) Largest decline over 5 years	-24.62%	-16.21%	-8.41%
Max Drawdown (10Y) Largest decline over 10 years	-39.56%	-37.37%	-2.19%
Current Drawdown Current decline from peak	-0.64%	0.00%	-0.64%
Average Drawdown Average peak-to-trough decline	-4.59%	-9.70%	+5.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.91%	+0.12%

Volatility

SMVLX vs. FGINX - Volatility Comparison

Smead Value Fund (SMVLX) and Delaware Growth and Income Fund (FGINX) have volatilities of 2.85% and 2.79%, 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

	SMVLX	FGINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	2.79%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	8.94%	8.23%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	11.36%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	14.88%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	17.04%	+2.43%

SMVLX vs. FGINX - Expense Ratio Comparison

SMVLX has a 1.26% expense ratio, which is higher than FGINX's 1.02% expense ratio.

Dividends

SMVLX vs. FGINX - Dividend Comparison

SMVLX's dividend yield for the trailing twelve months is around 1.47%, less than FGINX's 9.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGINX Delaware Growth and Income Fund	9.64%	11.28%	12.40%	7.11%	7.04%	11.97%	6.59%	51.75%	25.36%	5.13%	4.12%	5.66%
SMVLX Smead Value Fund	1.47%	1.67%	1.08%	1.34%	1.78%	3.91%	1.40%	3.83%	7.47%	0.22%	3.14%	3.10%

Frequently Asked Questions

Can I hold both SMVLX and FGINX in my portfolio?

SMVLX and FGINX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMVLX or FGINX?

SMVLX has higher volatility (2.85%) compared to FGINX (2.79%). In terms of maximum drawdown, SMVLX dropped -39.56% vs FGINX's -54.80%.

Which has better risk-adjusted returns?

FGINX currently has the higher Sharpe Ratio (4.01 vs 2.17), 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.