TASCX vs. AVALX
Compare and contrast key facts about Third Avenue Small Cap Value Fund (TASCX) and Aegis Value Fund (AVALX).
TASCX is managed by Third Avenue. It was launched on Apr 1, 1997. AVALX is managed by Aegis. It was launched on May 15, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TASCX or AVALX.
Key characteristics
| TASCX | AVALX | |
|---|---|---|
| YTD Return | 11.78% | 13.15% |
| 1Y Return | 11.82% | 21.34% |
| 3Y Return (Ann) | -0.13% | 11.72% |
| 5Y Return (Ann) | 3.35% | 20.43% |
| 10Y Return (Ann) | -2.24% | 9.16% |
| Sharpe Ratio | 0.62 | 1.10 |
| Sortino Ratio | 0.94 | 1.57 |
| Omega Ratio | 1.13 | 1.19 |
| Calmar Ratio | 0.37 | 1.68 |
| Martin Ratio | 2.49 | 4.22 |
| Ulcer Index | 5.00% | 4.94% |
| Daily Std Dev | 20.02% | 19.01% |
| Max Drawdown | -64.01% | -79.55% |
| Current Drawdown | -22.09% | -4.47% |
Correlation
The correlation between TASCX and AVALX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TASCX vs. AVALX - Performance Comparison
In the year-to-date period, TASCX achieves a 11.78% return, which is significantly lower than AVALX's 13.15% return. Over the past 10 years, TASCX has underperformed AVALX with an annualized return of -2.24%, while AVALX has yielded a comparatively higher 9.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TASCX vs. AVALX - Expense Ratio Comparison
TASCX has a 1.15% expense ratio, which is lower than AVALX's 1.50% expense ratio.
Risk-Adjusted Performance
TASCX vs. AVALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Small Cap Value Fund (TASCX) and Aegis Value Fund (AVALX). 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.
Dividends
TASCX vs. AVALX - Dividend Comparison
TASCX's dividend yield for the trailing twelve months is around 0.46%, less than AVALX's 0.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TASCX Third Avenue Small Cap Value Fund | 0.46% | 0.51% | 0.17% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.58% | 0.00% | 0.00% | 0.13% |
AVALX Aegis Value Fund | 0.57% | 0.65% | 0.16% | 0.00% | 2.10% | 0.25% | 0.00% | 0.00% | 1.45% | 0.04% | 0.00% | 0.16% |
Drawdowns
TASCX vs. AVALX - Drawdown Comparison
The maximum TASCX drawdown since its inception was -64.01%, smaller than the maximum AVALX drawdown of -79.55%. Use the drawdown chart below to compare losses from any high point for TASCX and AVALX. For additional features, visit the drawdowns tool.
Volatility
TASCX vs. AVALX - Volatility Comparison
Third Avenue Small Cap Value Fund (TASCX) has a higher volatility of 7.08% compared to Aegis Value Fund (AVALX) at 4.20%. This indicates that TASCX's price experiences larger fluctuations and is considered to be riskier than AVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.