VESMX vs. PRVIX
Compare and contrast key facts about VELA Small Cap Fund (VESMX) and T. Rowe Price Small-Cap Value Fund Class I (PRVIX).
VESMX is managed by VELA Funds. It was launched on Sep 29, 2020. PRVIX is a passively managed fund by T. Rowe Price that tracks the performance of the Russell 2000 Value Index. It was launched on Aug 28, 2015.
Performance
VESMX vs. PRVIX - Performance Comparison
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VESMX vs. PRVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VESMX VELA Small Cap Fund | 0.20% | 8.12% | 10.77% | 11.22% | -5.53% | 31.60% | 21.26% |
PRVIX T. Rowe Price Small-Cap Value Fund Class I | 3.80% | 21.38% | 10.96% | 12.46% | -18.42% | 25.60% | 20.94% |
Returns By Period
In the year-to-date period, VESMX achieves a 0.20% return, which is significantly lower than PRVIX's 3.80% return.
VESMX
- 1D
- 1.79%
- 1M
- -5.61%
- YTD
- 0.20%
- 6M
- 6.44%
- 1Y
- 13.81%
- 3Y*
- 10.24%
- 5Y*
- 5.98%
- 10Y*
- —
PRVIX
- 1D
- 2.77%
- 1M
- -5.04%
- YTD
- 3.80%
- 6M
- 18.59%
- 1Y
- 33.45%
- 3Y*
- 16.22%
- 5Y*
- 7.09%
- 10Y*
- 11.04%
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VESMX vs. PRVIX - Expense Ratio Comparison
VESMX has a 1.20% expense ratio, which is higher than PRVIX's 0.66% expense ratio.
Return for Risk
VESMX vs. PRVIX — Risk / Return Rank
VESMX
PRVIX
VESMX vs. PRVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VELA Small Cap Fund (VESMX) and T. Rowe Price Small-Cap Value Fund Class I (PRVIX). 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.
| VESMX | PRVIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 1.45 | -0.71 |
Sortino ratioReturn per unit of downside risk | 1.16 | 2.28 | -1.12 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.06 | -0.96 |
Martin ratioReturn relative to average drawdown | 4.08 | 8.59 | -4.51 |
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
| VESMX | PRVIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.45 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.35 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.51 | +0.24 |
Correlation
The correlation between VESMX and PRVIX is 0.91, 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
VESMX vs. PRVIX - Dividend Comparison
VESMX's dividend yield for the trailing twelve months is around 1.01%, less than PRVIX's 22.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VESMX VELA Small Cap Fund | 1.01% | 1.01% | 0.22% | 0.66% | 0.69% | 0.98% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRVIX T. Rowe Price Small-Cap Value Fund Class I | 22.27% | 23.11% | 9.96% | 3.40% | 5.54% | 7.15% | 2.12% | 4.72% | 9.61% | 3.79% | 3.88% | 22.61% |
Drawdowns
VESMX vs. PRVIX - Drawdown Comparison
The maximum VESMX drawdown since its inception was -20.35%, smaller than the maximum PRVIX drawdown of -40.95%. Use the drawdown chart below to compare losses from any high point for VESMX and PRVIX.
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Drawdown Indicators
| VESMX | PRVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.35% | -40.95% | +20.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.74% | -14.06% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -28.00% | +7.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.95% | — |
Current DrawdownCurrent decline from peak | -6.56% | -5.60% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -8.44% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 3.67% | -0.24% |
Volatility
VESMX vs. PRVIX - Volatility Comparison
The current volatility for VELA Small Cap Fund (VESMX) is 5.12%, while T. Rowe Price Small-Cap Value Fund Class I (PRVIX) has a volatility of 6.73%. This indicates that VESMX experiences smaller price fluctuations and is considered to be less risky than PRVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VESMX | PRVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 6.73% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 16.15% | -6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.01% | 23.96% | -4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 20.47% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 21.30% | -2.95% |