SMVSX vs. AMAEX

Last updated Aug 1, 2026

SMVSX (Invesco Small Cap Value Fund Class R6) and AMAEX (American Century Small Cap Dividend Fund) are both Small Cap Value Equities funds. Over the past 3 years, SMVSX returned 24.48%/yr vs 10.34%/yr for AMAEX. Their correlation of 0.84 means they have usually moved in the same direction. SMVSX charges 0.72%/yr vs 1.13%/yr for AMAEX.

Performance

SMVSX vs. AMAEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Small Cap Value Fund Class R6 (SMVSX) and American Century Small Cap Dividend Fund (AMAEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMVSX achieves a 21.87% return, which is significantly lower than AMAEX's 24.35% return.

SMVSX

• 1D: 2.73%
• 1M: -4.62%
• 6M: 10.52%
• YTD: 21.87%
• 1Y: 43.67%
• 3Y*: 24.48%
• 5Y*: 19.98%
• 10Y*: —
• ALL TIME*: 15.53%

AMAEX

• 1D: 0.08%
• 1M: 0.24%
• 6M: 16.67%
• YTD: 24.35%
• 1Y: 29.13%
• 3Y*: 10.34%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.13%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMAEX American Century Small Cap Dividend Fund	$0.00	$0.00	$0.00
SMVSX Invesco Small Cap Value Fund Class R6	$0.00	$0.00	$0.00

SMVSX vs. AMAEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SMVSX Invesco Small Cap Value Fund Class R6	21.87%	18.12%	25.01%	23.40%	4.29%
AMAEX American Century Small Cap Dividend Fund	24.35%	-4.42%	11.05%	8.86%	-2.96%

Correlation

The correlation between SMVSX and AMAEX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022	0.84

The correlation between SMVSX and AMAEX shifts across timeframes, from 0.70 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SMVSX vs. AMAEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SMVSX

SMVSX Risk / Return Rank: 76
SMVSX Sharpe Ratio Rank: 74
SMVSX Sortino Ratio Rank: 68
SMVSX Omega Ratio Rank: 66
SMVSX Calmar Ratio Rank: 90
SMVSX Martin Ratio Rank: 84

AMAEX

AMAEX Risk / Return Rank: 63
AMAEX Sharpe Ratio Rank: 67
AMAEX Sortino Ratio Rank: 68
AMAEX Omega Ratio Rank: 63
AMAEX Calmar Ratio Rank: 73
AMAEX Martin Ratio Rank: 44

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SMVSX vs. AMAEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Value Fund Class R6 (SMVSX) and American Century Small Cap Dividend Fund (AMAEX). 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.

	SMVSX	AMAEX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	1.59	+0.12
Sortino ratio: Return per unit of downside risk	2.29	2.34	-0.05
Omega ratio: Gain probability vs. loss probability	1.29	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	3.30	2.40	+0.91
Martin ratio: Return relative to average drawdown	10.41	6.34	+4.07

SMVSX vs. AMAEX - Sharpe Ratio Comparison

The current SMVSX Sharpe Ratio is 1.72, which is comparable to the AMAEX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of SMVSX and AMAEX, 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

SMVSX vs. AMAEX - Drawdown Comparison

The maximum SMVSX drawdown since its inception was -57.41%, which is greater than AMAEX's maximum drawdown of -23.97%. Use the drawdown chart below to compare losses from any high point for SMVSX and AMAEX.

Drawdown Indicators

	SMVSX	AMAEX	Difference
Max Drawdown Largest peak-to-trough decline	-57.41%	-23.97%	-33.44%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-10.70%	-1.39%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-23.97%	-1.26%
Max Drawdown (5Y) Largest decline over 5 years	-25.23%	—	—
Current Drawdown Current decline from peak	-9.69%	-1.42%	-8.27%
Average Drawdown Average peak-to-trough decline	-8.50%	-7.19%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	4.05%	-0.21%

Volatility

SMVSX vs. AMAEX - Volatility Comparison

Invesco Small Cap Value Fund Class R6 (SMVSX) has a higher volatility of 7.93% compared to American Century Small Cap Dividend Fund (AMAEX) at 3.18%. This indicates that SMVSX's price experiences larger fluctuations and is considered to be riskier than AMAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMVSX	AMAEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.93%	3.18%	+4.75%
Volatility (6M) Calculated over the trailing 6-month period	18.52%	10.42%	+8.10%
Volatility (1Y) Calculated over the trailing 1-year period	23.31%	16.18%	+7.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.44%	19.44%	+4.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.10%	19.44%	+7.66%

SMVSX vs. AMAEX - Expense Ratio Comparison

SMVSX has a 0.72% expense ratio, which is lower than AMAEX's 1.13% expense ratio.

Dividends

SMVSX vs. AMAEX - Dividend Comparison

SMVSX's dividend yield for the trailing twelve months is around 7.01%, more than AMAEX's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMAEX American Century Small Cap Dividend Fund	1.37%	2.57%	1.37%	1.99%	2.56%	0.00%	0.00%	0.00%	0.00%	0.00%
SMVSX Invesco Small Cap Value Fund Class R6	7.01%	8.54%	7.42%	4.78%	9.57%	15.80%	0.48%	2.36%	26.72%	15.91%

Frequently Asked Questions

Can I hold both SMVSX and AMAEX in my portfolio?

SMVSX and AMAEX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMVSX or AMAEX?

SMVSX has higher volatility (7.93%) compared to AMAEX (3.18%). In terms of maximum drawdown, SMVSX dropped -57.41% vs AMAEX's -23.97%.

Which has better risk-adjusted returns?

SMVSX currently has the higher Sharpe Ratio (1.72 vs 1.59), 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.