TAVFX vs. TASCX
Compare and contrast key facts about Third Avenue Value Fund (TAVFX) and Third Avenue Small Cap Value Fund (TASCX).
TAVFX is managed by Third Avenue. It was launched on Oct 31, 1990. TASCX is managed by Third Avenue. It was launched on Apr 1, 1997.
Performance
TAVFX vs. TASCX - Performance Comparison
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TAVFX vs. TASCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TAVFX Third Avenue Value Fund | 4.52% | 35.93% | -2.43% | 20.26% | 17.46% | 22.39% | 7.76% | 12.95% | -25.95% | 8.81% |
TASCX Third Avenue Small Cap Value Fund | 6.59% | 14.79% | 3.04% | 22.49% | -1.87% | 25.92% | -2.96% | 22.92% | -12.55% | 8.89% |
Returns By Period
In the year-to-date period, TAVFX achieves a 4.52% return, which is significantly lower than TASCX's 6.59% return. Both investments have delivered pretty close results over the past 10 years, with TAVFX having a 10.23% annualized return and TASCX not far behind at 10.22%.
TAVFX
- 1D
- -0.38%
- 1M
- -8.23%
- YTD
- 4.52%
- 6M
- 12.39%
- 1Y
- 37.60%
- 3Y*
- 15.33%
- 5Y*
- 14.83%
- 10Y*
- 10.23%
TASCX
- 1D
- 0.00%
- 1M
- -3.17%
- YTD
- 6.59%
- 6M
- 11.59%
- 1Y
- 27.41%
- 3Y*
- 14.03%
- 5Y*
- 10.00%
- 10Y*
- 10.22%
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TAVFX vs. TASCX - Expense Ratio Comparison
Both TAVFX and TASCX have an expense ratio of 1.15%.
Return for Risk
TAVFX vs. TASCX — Risk / Return Rank
TAVFX
TASCX
TAVFX vs. TASCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Third Avenue Value Fund (TAVFX) and Third Avenue Small Cap Value Fund (TASCX). 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.
| TAVFX | TASCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.89 | 1.47 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.47 | 2.15 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.09 | +0.35 |
Martin ratioReturn relative to average drawdown | 10.14 | 8.93 | +1.21 |
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
| TAVFX | TASCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.47 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.39 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.42 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.46 | -0.16 |
Correlation
The correlation between TAVFX and TASCX is 0.79, 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
TAVFX vs. TASCX - Dividend Comparison
TAVFX's dividend yield for the trailing twelve months is around 6.64%, more than TASCX's 3.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAVFX Third Avenue Value Fund | 6.64% | 6.93% | 9.86% | 4.48% | 5.67% | 3.74% | 0.70% | 5.95% | 4.45% | 3.03% | 8.24% | 8.43% |
TASCX Third Avenue Small Cap Value Fund | 3.54% | 3.78% | 11.87% | 14.38% | 5.40% | 8.55% | 1.50% | 7.75% | 12.67% | 13.61% | 9.15% | 14.70% |
Drawdowns
TAVFX vs. TASCX - Drawdown Comparison
The maximum TAVFX drawdown since its inception was -66.11%, which is greater than TASCX's maximum drawdown of -58.55%. Use the drawdown chart below to compare losses from any high point for TAVFX and TASCX.
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Drawdown Indicators
| TAVFX | TASCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.11% | -58.55% | -7.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.19% | -12.12% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -66.11% | -30.26% | -35.85% |
Max Drawdown (10Y)Largest decline over 10 years | -66.11% | -40.45% | -25.66% |
Current DrawdownCurrent decline from peak | -8.57% | -4.60% | -3.97% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -8.66% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.83% | +0.42% |
Volatility
TAVFX vs. TASCX - Volatility Comparison
Third Avenue Value Fund (TAVFX) has a higher volatility of 5.69% compared to Third Avenue Small Cap Value Fund (TASCX) at 3.87%. This indicates that TAVFX's price experiences larger fluctuations and is considered to be riskier than TASCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TAVFX | TASCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 3.87% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 10.66% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.05% | 18.59% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.99% | 25.47% | +56.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.29% | 24.17% | +36.12% |