SOPYX vs. LGVAX

Last updated Jun 23, 2026

SOPYX (ClearBridge Dividend Strategy Fund Class I) and LGVAX (ClearBridge Value Fund Class A) are both mutual funds - SOPYX is a Dividend fund actively managed by ClearBridge, while LGVAX is a Large Cap Value Equities fund actively managed by ClearBridge. Both are actively managed. Over the past 10 years, SOPYX returned 12.44%/yr vs 12.37%/yr for LGVAX. Their correlation of 0.88 suggests significant overlap in exposure. SOPYX charges 0.73%/yr vs 1.01%/yr for LGVAX.

Performance

SOPYX vs. LGVAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Dividend Strategy Fund Class I (SOPYX) and ClearBridge Value Fund Class A (LGVAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOPYX achieves a 6.28% return, which is significantly lower than LGVAX's 11.50% return. Both investments have delivered pretty close results over the past 10 years, with SOPYX having a 12.44% annualized return and LGVAX not far behind at 12.37%.

SOPYX

• 1D: 0.40%
• 1M: -0.43%
• YTD: 6.28%
• 6M: 6.24%
• 1Y: 16.18%
• 3Y*: 14.19%
• 5Y*: 11.04%
• 10Y*: 12.44%

LGVAX

• 1D: 0.66%
• 1M: 1.16%
• YTD: 11.50%
• 6M: 10.47%
• 1Y: 22.46%
• 3Y*: 15.87%
• 5Y*: 11.14%
• 10Y*: 12.37%

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

SOPYX vs. LGVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SOPYX ClearBridge Dividend Strategy Fund Class I	6.28%	12.56%	17.09%	14.45%	-8.16%	26.71%	7.96%	31.36%	-4.86%	18.84%
LGVAX ClearBridge Value Fund Class A	11.50%	10.56%	15.04%	19.69%	-6.33%	27.81%	11.40%	27.04%	-12.93%	14.59%

Correlation

The correlation between SOPYX and LGVAX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Feb 2, 2009	0.88

The correlation between SOPYX and LGVAX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

SOPYX vs. LGVAX — Risk / Return Rank

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

SOPYX

SOPYX Risk / Return Rank: 38
SOPYX Sharpe Ratio Rank: 40
SOPYX Sortino Ratio Rank: 40
SOPYX Omega Ratio Rank: 37
SOPYX Calmar Ratio Rank: 32
SOPYX Martin Ratio Rank: 39

LGVAX

LGVAX Risk / Return Rank: 51
LGVAX Sharpe Ratio Rank: 46
LGVAX Sortino Ratio Rank: 43
LGVAX Omega Ratio Rank: 42
LGVAX Calmar Ratio Rank: 65
LGVAX Martin Ratio Rank: 60

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.

SOPYX vs. LGVAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy Fund Class I (SOPYX) and ClearBridge Value Fund Class A (LGVAX). 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.

	SOPYX	LGVAX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.83	-0.12
Sortino ratio: Return per unit of downside risk	2.44	2.54	-0.09
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	2.01	2.95	-0.94
Martin ratio: Return relative to average drawdown	8.04	11.16	-3.11

SOPYX vs. LGVAX - Sharpe Ratio Comparison

The current SOPYX Sharpe Ratio is 1.71, which is comparable to the LGVAX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of SOPYX and LGVAX, 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

SOPYX vs. LGVAX - Drawdown Comparison

The maximum SOPYX drawdown since its inception was -46.64%, which is greater than LGVAX's maximum drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for SOPYX and LGVAX.

Drawdown Indicators

	SOPYX	LGVAX	Difference
Max Drawdown Largest peak-to-trough decline	-46.64%	-40.40%	-6.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-7.81%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-13.44%	-19.09%	+5.65%
Max Drawdown (5Y) Largest decline over 5 years	-19.10%	-20.41%	+1.31%
Max Drawdown (10Y) Largest decline over 10 years	-34.70%	-40.40%	+5.70%
Current Drawdown Current decline from peak	-0.86%	-0.72%	-0.14%
Average Drawdown Average peak-to-trough decline	-5.54%	-5.20%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.06%	-0.06%

Volatility

SOPYX vs. LGVAX - Volatility Comparison

The current volatility for ClearBridge Dividend Strategy Fund Class I (SOPYX) is 2.69%, while ClearBridge Value Fund Class A (LGVAX) has a volatility of 3.95%. This indicates that SOPYX experiences smaller price fluctuations and is considered to be less risky than LGVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOPYX	LGVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	3.95%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	7.11%	9.47%	-2.36%
Volatility (1Y) Calculated over the trailing 1-year period	9.45%	12.60%	-3.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	17.73%	-3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	19.26%	-2.94%

SOPYX vs. LGVAX - Expense Ratio Comparison

SOPYX has a 0.73% expense ratio, which is lower than LGVAX's 1.01% expense ratio.

Dividends

SOPYX vs. LGVAX - Dividend Comparison

SOPYX's dividend yield for the trailing twelve months is around 12.50%, more than LGVAX's 9.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGVAX ClearBridge Value Fund Class A	9.65%	10.76%	10.83%	12.64%	8.49%	18.44%	6.01%	0.54%	1.86%	0.50%	0.93%	0.39%
SOPYX ClearBridge Dividend Strategy Fund Class I	12.50%	13.28%	9.41%	9.11%	5.77%	9.87%	1.98%	7.39%	6.74%	6.77%	3.23%	1.82%

Frequently Asked Questions

Can I hold both SOPYX and LGVAX in my portfolio?

SOPYX and LGVAX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOPYX or LGVAX?

LGVAX has higher volatility (3.95%) compared to SOPYX (2.69%). In terms of maximum drawdown, SOPYX dropped -46.64% vs LGVAX's -40.40%.

Which has better risk-adjusted returns?

LGVAX currently has the higher Sharpe Ratio (1.83 vs 1.71), 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.