TAVFX vs. AGCVX

Last updated Jun 24, 2026

TAVFX (Third Avenue Value Fund) and AGCVX (American Century Global Small Cap Fund) are both Global Equities funds. Over the past 5 years, TAVFX returned 15.02%/yr vs 3.33%/yr for AGCVX. A 0.73 correlation means they provide meaningful diversification when combined. TAVFX charges 1.15%/yr vs 1.11%/yr for AGCVX.

Performance

TAVFX vs. AGCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Third Avenue Value Fund (TAVFX) and American Century Global Small Cap Fund (AGCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAVFX achieves a 10.91% return, which is significantly lower than AGCVX's 14.85% return.

TAVFX

• 1D: -0.31%
• 1M: -2.08%
• YTD: 10.91%
• 6M: 10.76%
• 1Y: 38.11%
• 3Y*: 18.25%
• 5Y*: 15.02%
• 10Y*: 11.06%

AGCVX

• 1D: 0.86%
• 1M: 4.03%
• YTD: 14.85%
• 6M: 12.49%
• 1Y: 20.80%
• 3Y*: 14.92%
• 5Y*: 3.33%
• 10Y*: —

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

TAVFX vs. AGCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TAVFX Third Avenue Value Fund	10.91%	35.93%	-2.43%	20.26%	17.46%	22.39%	7.76%	12.95%	-25.95%	8.81%
AGCVX American Century Global Small Cap Fund	14.85%	10.96%	12.52%	10.17%	-29.46%	18.44%	46.34%	35.08%	-12.80%	37.97%

Correlation

The correlation between TAVFX and AGCVX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.73

The correlation between TAVFX and AGCVX has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

Return for Risk

TAVFX vs. AGCVX — Risk / Return Rank

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

TAVFX

TAVFX Risk / Return Rank: 75
TAVFX Sharpe Ratio Rank: 80
TAVFX Sortino Ratio Rank: 74
TAVFX Omega Ratio Rank: 69
TAVFX Calmar Ratio Rank: 78
TAVFX Martin Ratio Rank: 75

AGCVX

AGCVX Risk / Return Rank: 21
AGCVX Sharpe Ratio Rank: 19
AGCVX Sortino Ratio Rank: 19
AGCVX Omega Ratio Rank: 19
AGCVX Calmar Ratio Rank: 22
AGCVX Martin Ratio Rank: 26

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.

TAVFX vs. AGCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Third Avenue Value Fund (TAVFX) and American Century Global Small Cap Fund (AGCVX). 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.

	TAVFX	AGCVX	Difference
Sharpe ratio: Return per unit of total volatility	2.43	1.15	+1.28
Sortino ratio: Return per unit of downside risk	3.29	1.67	+1.62
Omega ratio: Gain probability vs. loss probability	1.42	1.21	+0.21
Calmar ratio: Return relative to maximum drawdown	3.34	1.61	+1.73
Martin ratio: Return relative to average drawdown	13.26	5.75	+7.51

TAVFX vs. AGCVX - Sharpe Ratio Comparison

The current TAVFX Sharpe Ratio is 2.43, which is higher than the AGCVX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of TAVFX and AGCVX, 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

TAVFX vs. AGCVX - Drawdown Comparison

The maximum TAVFX drawdown since its inception was -66.11%, which is greater than AGCVX's maximum drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for TAVFX and AGCVX.

Drawdown Indicators

	TAVFX	AGCVX	Difference
Max Drawdown Largest peak-to-trough decline	-66.11%	-40.08%	-26.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-13.82%	+2.34%
Max Drawdown (3Y) Largest decline over 3 years	-66.11%	-23.23%	-42.88%
Max Drawdown (5Y) Largest decline over 5 years	-66.11%	-38.95%	-27.16%
Max Drawdown (10Y) Largest decline over 10 years	-66.11%	—	—
Current Drawdown Current decline from peak	-4.62%	0.00%	-4.62%
Average Drawdown Average peak-to-trough decline	-9.56%	-12.72%	+3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	3.86%	-0.97%

Volatility

TAVFX vs. AGCVX - Volatility Comparison

The current volatility for Third Avenue Value Fund (TAVFX) is 5.15%, while American Century Global Small Cap Fund (AGCVX) has a volatility of 7.53%. This indicates that TAVFX experiences smaller price fluctuations and is considered to be less risky than AGCVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAVFX	AGCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.15%	7.53%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	11.52%	16.17%	-4.65%
Volatility (1Y) Calculated over the trailing 1-year period	15.84%	19.45%	-3.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.03%	20.67%	+61.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.33%	21.05%	+39.28%

TAVFX vs. AGCVX - Expense Ratio Comparison

TAVFX has a 1.15% expense ratio, which is higher than AGCVX's 1.11% expense ratio.

Dividends

TAVFX vs. AGCVX - Dividend Comparison

TAVFX's dividend yield for the trailing twelve months is around 6.25%, more than AGCVX's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGCVX American Century Global Small Cap Fund	0.62%	0.71%	2.19%	0.22%	0.00%	17.80%	4.84%	4.97%	2.27%	5.04%	0.00%	0.00%
TAVFX Third Avenue Value Fund	6.25%	6.93%	9.86%	4.48%	5.67%	3.74%	0.70%	5.95%	4.45%	3.03%	8.24%	8.43%

Frequently Asked Questions

Can I hold both TAVFX and AGCVX in my portfolio?

TAVFX and AGCVX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAVFX or AGCVX?

AGCVX has higher volatility (7.53%) compared to TAVFX (5.15%). In terms of maximum drawdown, TAVFX dropped -66.11% vs AGCVX's -40.08%.

Which has better risk-adjusted returns?

TAVFX currently has the higher Sharpe Ratio (2.43 vs 1.15), 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.