SMVTX vs. CAAPX
Compare and contrast key facts about Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) and Ariel Appreciation Fund (CAAPX).
SMVTX is managed by Virtus. It was launched on Nov 30, 2001. CAAPX is managed by Ariel Investments. It was launched on Dec 1, 1989.
Performance
SMVTX vs. CAAPX - Performance Comparison
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SMVTX vs. CAAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund | 9.20% | 17.58% | 18.93% | 10.94% | -13.89% | 29.15% | -1.19% | 33.14% | -8.01% | 11.69% |
CAAPX Ariel Appreciation Fund | 1.14% | 11.04% | 6.07% | 10.58% | -12.27% | 25.72% | 7.42% | 24.58% | -13.93% | 15.24% |
Returns By Period
In the year-to-date period, SMVTX achieves a 9.20% return, which is significantly higher than CAAPX's 1.14% return. Over the past 10 years, SMVTX has outperformed CAAPX with an annualized return of 11.36%, while CAAPX has yielded a comparatively lower 7.91% annualized return.
SMVTX
- 1D
- 2.65%
- 1M
- -4.56%
- YTD
- 9.20%
- 6M
- 13.51%
- 1Y
- 34.44%
- 3Y*
- 19.43%
- 5Y*
- 10.79%
- 10Y*
- 11.36%
CAAPX
- 1D
- 3.17%
- 1M
- -7.38%
- YTD
- 1.14%
- 6M
- 3.93%
- 1Y
- 20.75%
- 3Y*
- 9.00%
- 5Y*
- 4.50%
- 10Y*
- 7.91%
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SMVTX vs. CAAPX - Expense Ratio Comparison
SMVTX has a 0.99% expense ratio, which is lower than CAAPX's 1.12% expense ratio.
Return for Risk
SMVTX vs. CAAPX — Risk / Return Rank
SMVTX
CAAPX
SMVTX vs. CAAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) and Ariel Appreciation Fund (CAAPX). 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.
| SMVTX | CAAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 0.84 | +0.84 |
Sortino ratioReturn per unit of downside risk | 2.29 | 1.32 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 2.46 | 1.31 | +1.15 |
Martin ratioReturn relative to average drawdown | 11.87 | 4.37 | +7.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMVTX | CAAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 0.84 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.20 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.36 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.50 | -0.03 |
Correlation
The correlation between SMVTX and CAAPX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SMVTX vs. CAAPX - Dividend Comparison
SMVTX's dividend yield for the trailing twelve months is around 15.05%, more than CAAPX's 12.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund | 15.05% | 16.44% | 15.96% | 1.16% | 6.75% | 18.53% | 2.52% | 5.82% | 14.47% | 20.86% | 3.61% | 7.05% |
CAAPX Ariel Appreciation Fund | 12.72% | 12.86% | 6.11% | 6.31% | 10.51% | 14.21% | 9.85% | 7.58% | 7.37% | 12.53% | 7.88% | 12.05% |
Drawdowns
SMVTX vs. CAAPX - Drawdown Comparison
The maximum SMVTX drawdown since its inception was -54.72%, smaller than the maximum CAAPX drawdown of -61.92%. Use the drawdown chart below to compare losses from any high point for SMVTX and CAAPX.
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Drawdown Indicators
| SMVTX | CAAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.72% | -61.92% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -14.46% | -15.96% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -33.40% | +7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -45.45% | -42.58% | -2.87% |
Current DrawdownCurrent decline from peak | -4.56% | -8.85% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -8.08% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 4.80% | -1.80% |
Volatility
SMVTX vs. CAAPX - Volatility Comparison
The current volatility for Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX) is 6.31%, while Ariel Appreciation Fund (CAAPX) has a volatility of 6.86%. This indicates that SMVTX experiences smaller price fluctuations and is considered to be less risky than CAAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMVTX | CAAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 6.86% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 13.97% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.93% | 24.66% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 22.22% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 22.15% | -1.56% |