VESMX vs. TASVX
VESMX (VELA Small Cap Fund) and TASVX (PGIM Quant Solutions Small-Cap Value Fund) are both Small Cap Value Equities funds. Over the past 5 years, VESMX returned 8.22%/yr vs 13.51%/yr for TASVX. Their correlation of 0.91 means they have usually moved in the same direction. VESMX charges 1.20%/yr vs 0.79%/yr for TASVX.
Performance
VESMX vs. TASVX - Performance Comparison
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Returns By Period
In the year-to-date period, VESMX achieves a 9.23% return, which is significantly lower than TASVX's 23.55% return.
VESMX
- 1D
- -0.45%
- 1M
- 1.36%
- 6M
- 4.98%
- YTD
- 9.23%
- 1Y
- 22.00%
- 3Y*
- 10.08%
- 5Y*
- 8.22%
- 10Y*
- —
- ALL TIME*
- 14.67%
TASVX
- 1D
- -0.09%
- 1M
- 1.82%
- 6M
- 16.72%
- YTD
- 23.55%
- 1Y
- 46.66%
- 3Y*
- 21.28%
- 5Y*
- 13.51%
- 10Y*
- 11.15%
- ALL TIME*
- 11.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
VESMX VELA Small Cap Fund | $0.00 | $0.00 | $0.00 |
VESMX vs. TASVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VESMX VELA Small Cap Fund | 9.23% | 8.12% | 10.77% | 11.22% | -5.53% | 31.60% | 21.26% |
TASVX PGIM Quant Solutions Small-Cap Value Fund | 23.55% | 13.71% | 18.76% | 16.92% | -11.44% | 41.68% | 32.11% |
Correlation
The correlation between VESMX and TASVX is 0.85, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2020 | 0.91 |
The correlation between VESMX and TASVX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.
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Return for Risk
VESMX vs. TASVX — Risk / Return Rank
VESMX
TASVX
VESMX vs. TASVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VELA Small Cap Fund (VESMX) and PGIM Quant Solutions Small-Cap Value Fund (TASVX). 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.
| VESMX | TASVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.44 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 4.83 | -3.00 |
| Martin ratioReturn relative to average drawdown | 5.65 | 17.05 | -11.40 |
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Drawdowns
VESMX vs. TASVX - Drawdown Comparison
The maximum VESMX drawdown since its inception was -20.35%, smaller than the maximum TASVX drawdown of -59.79%. Use the drawdown chart below to compare losses from any high point for VESMX and TASVX.
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Drawdown Indicators
| VESMX | TASVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.35% | -59.79% | +39.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -8.75% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.35% | -23.91% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -24.62% | +4.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.79% | — |
Current DrawdownCurrent decline from peak | -1.63% | -0.85% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -8.46% | +3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.48% | +0.63% |
Volatility
VESMX vs. TASVX - Volatility Comparison
VELA Small Cap Fund (VESMX) has a higher volatility of 4.06% compared to PGIM Quant Solutions Small-Cap Value Fund (TASVX) at 3.49%. This indicates that VESMX's price experiences larger fluctuations and is considered to be riskier than TASVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VESMX | TASVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.49% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 11.51% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 16.84% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 22.38% | -5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 26.35% | -8.25% |
VESMX vs. TASVX - Expense Ratio Comparison
VESMX has a 1.20% expense ratio, which is higher than TASVX's 0.79% expense ratio.
Dividends
VESMX vs. TASVX - Dividend Comparison
VESMX's dividend yield for the trailing twelve months is around 0.92%, less than TASVX's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TASVX PGIM Quant Solutions Small-Cap Value Fund | 1.05% | 1.29% | 26.54% | 3.43% | 22.08% | 1.46% | 1.38% | 2.81% | 10.87% | 13.42% | 1.83% | 45.04% |
VESMX VELA Small Cap Fund | 0.92% | 1.01% | 0.22% | 0.66% | 0.69% | 0.98% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VESMX and TASVX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VESMX has higher volatility (4.06%) compared to TASVX (3.49%). In terms of maximum drawdown, VESMX dropped -20.35% vs TASVX's -59.79%.
TASVX currently has the higher Sharpe Ratio (2.52 vs 1.22), 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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