UMCVX vs. HAMVX
UMCVX (Invesco V.I. American Value Fund) and HAMVX (Harbor Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, UMCVX returned 13.48%/yr vs 11.00%/yr for HAMVX. Their correlation of 0.92 means they have usually moved in the same direction. UMCVX charges 0.89%/yr vs 0.85%/yr for HAMVX.
Performance
UMCVX vs. HAMVX - Performance Comparison
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Returns By Period
In the year-to-date period, UMCVX achieves a 15.98% return, which is significantly lower than HAMVX's 23.67% return. Over the past 10 years, UMCVX has outperformed HAMVX with an annualized return of 13.48%, while HAMVX has yielded a comparatively lower 11.00% annualized return.
UMCVX
- 1D
- 0.57%
- 1M
- -3.35%
- 6M
- 7.12%
- YTD
- 15.98%
- 1Y
- 37.04%
- 3Y*
- 24.89%
- 5Y*
- 17.34%
- 10Y*
- 13.48%
- ALL TIME*
- 9.48%
HAMVX
- 1D
- -0.38%
- 1M
- 3.19%
- 6M
- 16.15%
- YTD
- 23.67%
- 1Y
- 40.57%
- 3Y*
- 19.08%
- 5Y*
- 13.13%
- 10Y*
- 11.00%
- ALL TIME*
- 8.90%
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 |
UMCVX vs. HAMVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UMCVX Invesco V.I. American Value Fund | 15.98% | 21.17% | 30.42% | 15.70% | -2.53% | 27.96% | 1.15% | 24.95% | -12.56% | 9.97% |
HAMVX Harbor Mid Cap Value Fund | 23.67% | 16.00% | 12.10% | 16.42% | -5.63% | 29.93% | -3.77% | 22.93% | -17.82% | 12.01% |
Correlation
The correlation between UMCVX and HAMVX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2002 | 0.92 |
Over the past year, the correlation between UMCVX and HAMVX has dropped to 0.67 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
UMCVX vs. HAMVX — Risk / Return Rank
UMCVX
HAMVX
UMCVX vs. HAMVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco V.I. American Value Fund (UMCVX) and Harbor Mid Cap Value Fund (HAMVX). 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.
| UMCVX | HAMVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.54 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 5.71 | -2.31 |
| Martin ratioReturn relative to average drawdown | 10.52 | 21.43 | -10.92 |
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Drawdowns
UMCVX vs. HAMVX - Drawdown Comparison
The maximum UMCVX drawdown since its inception was -59.30%, smaller than the maximum HAMVX drawdown of -64.17%. Use the drawdown chart below to compare losses from any high point for UMCVX and HAMVX.
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Drawdown Indicators
| UMCVX | HAMVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.30% | -64.17% | +4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.16% | -6.84% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -25.10% | -21.04% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -21.04% | -4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -45.77% | -51.44% | +5.67% |
Current DrawdownCurrent decline from peak | -7.43% | -1.31% | -6.12% |
Average DrawdownAverage peak-to-trough decline | -10.02% | -9.92% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 1.82% | +1.46% |
Volatility
UMCVX vs. HAMVX - Volatility Comparison
Invesco V.I. American Value Fund (UMCVX) has a higher volatility of 5.87% compared to Harbor Mid Cap Value Fund (HAMVX) at 2.99%. This indicates that UMCVX's price experiences larger fluctuations and is considered to be riskier than HAMVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMCVX | HAMVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 2.99% | +2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 8.88% | +7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.41% | 13.02% | +7.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.44% | 18.59% | +8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.22% | 21.80% | +3.42% |
UMCVX vs. HAMVX - Expense Ratio Comparison
UMCVX has a 0.89% expense ratio, which is higher than HAMVX's 0.85% expense ratio.
Dividends
UMCVX vs. HAMVX - Dividend Comparison
UMCVX's dividend yield for the trailing twelve months is around 14.45%, more than HAMVX's 7.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAMVX Harbor Mid Cap Value Fund | 7.01% | 8.67% | 5.77% | 7.20% | 8.24% | 1.27% | 2.35% | 3.10% | 8.41% | 3.84% | 3.06% | 3.30% |
UMCVX Invesco V.I. American Value Fund | 14.45% | 16.76% | 3.11% | 25.58% | 23.66% | 0.42% | 1.65% | 8.19% | 19.87% | 1.91% | 5.79% | 15.77% |
Frequently Asked Questions
UMCVX and HAMVX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UMCVX has higher volatility (5.87%) compared to HAMVX (2.99%). In terms of maximum drawdown, UMCVX dropped -59.30% vs HAMVX's -64.17%.
HAMVX currently has the higher Sharpe Ratio (3.00 vs 1.69), 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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