TAVFX vs. SMLF
Compare and contrast key facts about Third Avenue Value Fund (TAVFX) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF).
TAVFX is managed by Third Avenue. It was launched on Oct 31, 1990. SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TAVFX or SMLF.
Correlation
The correlation between TAVFX and SMLF is 0.69, 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
TAVFX vs. SMLF - Performance Comparison
Key characteristics
TAVFX:
-0.50
SMLF:
0.29
TAVFX:
-0.55
SMLF:
0.58
TAVFX:
0.93
SMLF:
1.08
TAVFX:
-0.37
SMLF:
0.26
TAVFX:
-0.80
SMLF:
0.84
TAVFX:
12.62%
SMLF:
8.18%
TAVFX:
20.52%
SMLF:
23.60%
TAVFX:
-63.95%
SMLF:
-41.89%
TAVFX:
-15.54%
SMLF:
-14.54%
Returns By Period
In the year-to-date period, TAVFX achieves a 5.11% return, which is significantly higher than SMLF's -6.54% return. Over the past 10 years, TAVFX has underperformed SMLF with an annualized return of 2.16%, while SMLF has yielded a comparatively higher 9.77% annualized return.
TAVFX
5.11%
1.08%
-4.86%
-10.98%
21.23%
2.16%
SMLF
-6.54%
-0.99%
-4.09%
5.29%
15.84%
9.77%
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TAVFX vs. SMLF - Expense Ratio Comparison
TAVFX has a 1.15% expense ratio, which is higher than SMLF's 0.30% expense ratio.
Risk-Adjusted Performance
TAVFX vs. SMLF — Risk-Adjusted Performance Rank
TAVFX
SMLF
TAVFX vs. SMLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Value Fund (TAVFX) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF). 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
TAVFX vs. SMLF - Dividend Comparison
TAVFX's dividend yield for the trailing twelve months is around 2.61%, more than SMLF's 1.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAVFX Third Avenue Value Fund | 2.61% | 2.75% | 2.40% | 3.03% | 1.12% | 0.70% | 2.50% | 0.49% | 3.03% | 0.89% | 1.60% | 3.97% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.43% | 1.33% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% | 0.00% |
Drawdowns
TAVFX vs. SMLF - Drawdown Comparison
The maximum TAVFX drawdown since its inception was -63.95%, which is greater than SMLF's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for TAVFX and SMLF. For additional features, visit the drawdowns tool.
Volatility
TAVFX vs. SMLF - Volatility Comparison
The current volatility for Third Avenue Value Fund (TAVFX) is 12.46%, while iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a volatility of 15.25%. This indicates that TAVFX experiences smaller price fluctuations and is considered to be less risky than SMLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.