UBVLX vs. AVALX
UBVLX (Undiscovered Managers Behavioral Value Fund) and AVALX (Aegis Value Fund Class I) are both Small Cap Value Equities funds. Over the past 10 years, UBVLX returned 10.67%/yr vs 19.25%/yr for AVALX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. UBVLX charges 0.90%/yr vs 1.36%/yr for AVALX.
Performance
UBVLX vs. AVALX - Performance Comparison
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Returns By Period
In the year-to-date period, UBVLX achieves a 15.58% return, which is significantly lower than AVALX's 17.36% return. Over the past 10 years, UBVLX has underperformed AVALX with an annualized return of 10.67%, while AVALX has yielded a comparatively higher 19.25% annualized return.
UBVLX
- 1D
- 1.22%
- 1M
- 1.03%
- 6M
- 9.95%
- YTD
- 15.58%
- 1Y
- 19.80%
- 3Y*
- 12.03%
- 5Y*
- 10.41%
- 10Y*
- 10.67%
- ALL TIME*
- 11.76%
AVALX
- 1D
- 0.26%
- 1M
- 4.92%
- 6M
- 5.08%
- YTD
- 17.36%
- 1Y
- 49.97%
- 3Y*
- 30.49%
- 5Y*
- 23.11%
- 10Y*
- 19.25%
- ALL TIME*
- 11.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
UBVLX vs. AVALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBVLX Undiscovered Managers Behavioral Value Fund | 15.58% | 1.79% | 13.11% | 14.69% | -1.16% | 34.25% | 3.52% | 23.27% | -15.23% | 13.43% |
AVALX Aegis Value Fund Class I | 17.36% | 67.06% | 8.29% | 13.11% | 10.50% | 37.67% | 18.89% | 25.67% | -16.95% | 17.37% |
Correlation
The correlation between UBVLX and AVALX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 1998 | 0.67 |
Over the past year, the correlation between UBVLX and AVALX has dropped to 0.27 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
UBVLX vs. AVALX — Risk / Return Rank
UBVLX
AVALX
UBVLX vs. AVALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Undiscovered Managers Behavioral Value Fund (UBVLX) and Aegis Value Fund Class I (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.
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.
| UBVLX | AVALX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.51 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 5.17 | -3.08 |
| Martin ratioReturn relative to average drawdown | 5.96 | 15.23 | -9.27 |
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Drawdowns
UBVLX vs. AVALX - Drawdown Comparison
The maximum UBVLX drawdown since its inception was -67.24%, smaller than the maximum AVALX drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for UBVLX and AVALX.
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Drawdown Indicators
| UBVLX | AVALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.24% | -73.72% | +6.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -10.12% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -13.59% | -7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -32.00% | +10.54% |
Max Drawdown (10Y)Largest decline over 10 years | -52.08% | -48.34% | -3.74% |
Current DrawdownCurrent decline from peak | -1.84% | -4.36% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -10.92% | +1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 3.43% | +0.18% |
Volatility
UBVLX vs. AVALX - Volatility Comparison
Undiscovered Managers Behavioral Value Fund (UBVLX) has a higher volatility of 5.22% compared to Aegis Value Fund Class I (AVALX) at 4.61%. This indicates that UBVLX'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.
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Volatility by Period
| UBVLX | AVALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 4.61% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 13.13% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 17.61% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 22.17% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 22.15% | +2.43% |
UBVLX vs. AVALX - Expense Ratio Comparison
UBVLX has a 0.90% expense ratio, which is lower than AVALX's 1.36% expense ratio.
Dividends
UBVLX vs. AVALX - Dividend Comparison
UBVLX's dividend yield for the trailing twelve months is around 8.14%, more than AVALX's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVALX Aegis Value Fund Class I | 1.99% | 2.34% | 7.07% | 2.23% | 0.16% | 0.00% | 6.62% | 2.36% | 6.18% | 0.00% | 1.45% | 0.04% |
UBVLX Undiscovered Managers Behavioral Value Fund | 8.14% | 9.41% | 7.39% | 8.35% | 8.96% | 3.44% | 0.99% | 4.98% | 11.62% | 4.67% | 3.24% | 3.80% |
Frequently Asked Questions
UBVLX and AVALX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UBVLX has higher volatility (5.22%) compared to AVALX (4.61%). In terms of maximum drawdown, UBVLX dropped -67.24% vs AVALX's -73.72%.
AVALX currently has the higher Sharpe Ratio (2.97 vs 1.31), 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.
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