UBVLX vs. VSIIX
UBVLX (Undiscovered Managers Behavioral Value Fund) and VSIIX (Vanguard Small-Cap Value Index Fund Institutional Shares) are both Small Cap Value Equities funds. Over the past 10 years, UBVLX returned 10.67%/yr vs 10.66%/yr for VSIIX. Their correlation of 0.95 means they have usually moved in the same direction. UBVLX charges 0.90%/yr vs 0.06%/yr for VSIIX.
Performance
UBVLX vs. VSIIX - 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 VSIIX's 18.09% return. Both investments have delivered pretty close results over the past 10 years, with UBVLX having a 10.67% annualized return and VSIIX not far behind at 10.66%.
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%
VSIIX
- 1D
- 1.23%
- 1M
- 1.80%
- 6M
- 10.83%
- YTD
- 18.09%
- 1Y
- 27.42%
- 3Y*
- 15.34%
- 5Y*
- 10.29%
- 10Y*
- 10.66%
- ALL TIME*
- 10.15%
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. VSIIX - 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% |
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 18.09% | 9.10% | 11.37% | 17.06% | -9.31% | 28.12% | 5.81% | 22.81% | -12.24% | 11.80% |
Correlation
The correlation between UBVLX and VSIIX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 1999 | 0.95 |
The correlation between UBVLX and VSIIX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
UBVLX vs. VSIIX — Risk / Return Rank
UBVLX
VSIIX
UBVLX vs. VSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Undiscovered Managers Behavioral Value Fund (UBVLX) and Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX). 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 | VSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.31 | -1.22 |
| Martin ratioReturn relative to average drawdown | 5.96 | 12.15 | -6.18 |
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Drawdowns
UBVLX vs. VSIIX - Drawdown Comparison
The maximum UBVLX drawdown since its inception was -67.24%, which is greater than VSIIX's maximum drawdown of -62.05%. Use the drawdown chart below to compare losses from any high point for UBVLX and VSIIX.
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Drawdown Indicators
| UBVLX | VSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.24% | -62.05% | -5.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -8.87% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -24.09% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -24.09% | +2.63% |
Max Drawdown (10Y)Largest decline over 10 years | -52.08% | -45.38% | -6.70% |
Current DrawdownCurrent decline from peak | -1.84% | -0.20% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -8.47% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 2.41% | +1.20% |
Volatility
UBVLX vs. VSIIX - Volatility Comparison
Undiscovered Managers Behavioral Value Fund (UBVLX) has a higher volatility of 5.22% compared to Vanguard Small-Cap Value Index Fund Institutional Shares (VSIIX) at 3.53%. This indicates that UBVLX's price experiences larger fluctuations and is considered to be riskier than VSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBVLX | VSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 3.53% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 10.31% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.51% | 14.87% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.11% | 19.57% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.58% | 21.76% | +2.82% |
UBVLX vs. VSIIX - Expense Ratio Comparison
UBVLX has a 0.90% expense ratio, which is higher than VSIIX's 0.06% expense ratio.
Dividends
UBVLX vs. VSIIX - Dividend Comparison
UBVLX's dividend yield for the trailing twelve months is around 8.14%, more than VSIIX's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.75% | 1.96% | 1.99% | 2.10% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% |
Frequently Asked Questions
With a correlation of 0.90, UBVLX and VSIIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UBVLX has higher volatility (5.22%) compared to VSIIX (3.53%). In terms of maximum drawdown, UBVLX dropped -67.24% vs VSIIX's -62.05%.
VSIIX currently has the higher Sharpe Ratio (1.98 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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