VSSVX vs. VESMX
VSSVX (VALIC Company I Small Cap Special Values Fund) and VESMX (VELA Small Cap Fund) are both Small Cap Value Equities funds. Over the past 5 years, VSSVX returned 3.45%/yr vs 8.22%/yr for VESMX. Their correlation of 0.91 means they have usually moved in the same direction. VSSVX charges 0.87%/yr vs 1.20%/yr for VESMX.
Performance
VSSVX vs. VESMX - Performance Comparison
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Returns By Period
In the year-to-date period, VSSVX achieves a 15.44% return, which is significantly higher than VESMX's 9.23% return.
VSSVX
- 1D
- 0.61%
- 1M
- -0.52%
- 6M
- 9.17%
- YTD
- 15.44%
- 1Y
- 20.27%
- 3Y*
- 4.16%
- 5Y*
- 3.45%
- 10Y*
- 6.63%
- ALL TIME*
- 4.32%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
VESMX VELA Small Cap Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
VSSVX vs. VESMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VSSVX VALIC Company I Small Cap Special Values Fund | 15.44% | -12.52% | 6.53% | 18.97% | -13.61% | 29.58% | 24.84% |
VESMX VELA Small Cap Fund | 9.23% | 8.12% | 10.77% | 11.22% | -5.53% | 31.60% | 21.26% |
Correlation
The correlation between VSSVX and VESMX is 0.81, 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. | 0.81 |
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 VSSVX and VESMX shifts across timeframes, from 0.81 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VSSVX vs. VESMX — Risk / Return Rank
VSSVX
VESMX
VSSVX vs. VESMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VALIC Company I Small Cap Special Values Fund (VSSVX) and VELA Small Cap Fund (VESMX). 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.
| VSSVX | VESMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.83 | -0.56 |
| Martin ratioReturn relative to average drawdown | 3.83 | 5.65 | -1.82 |
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Drawdowns
VSSVX vs. VESMX - Drawdown Comparison
The maximum VSSVX drawdown since its inception was -68.85%, which is greater than VESMX's maximum drawdown of -20.35%. Use the drawdown chart below to compare losses from any high point for VSSVX and VESMX.
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Drawdown Indicators
| VSSVX | VESMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.85% | -20.35% | -48.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -9.48% | -4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -32.14% | -20.35% | -11.79% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | -20.35% | -11.79% |
Max Drawdown (10Y)Largest decline over 10 years | -44.25% | — | — |
Current DrawdownCurrent decline from peak | -7.29% | -1.63% | -5.66% |
Average DrawdownAverage peak-to-trough decline | -15.77% | -4.48% | -11.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 3.11% | +1.39% |
Volatility
VSSVX vs. VESMX - Volatility Comparison
VALIC Company I Small Cap Special Values Fund (VSSVX) and VELA Small Cap Fund (VESMX) have volatilities of 3.96% and 4.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSSVX | VESMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 4.06% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.44% | 10.19% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.63% | 14.28% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.25% | 17.24% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 18.10% | +3.63% |
VSSVX vs. VESMX - Expense Ratio Comparison
VSSVX has a 0.87% expense ratio, which is lower than VESMX's 1.20% expense ratio.
Dividends
VSSVX vs. VESMX - Dividend Comparison
VSSVX's dividend yield for the trailing twelve months is around 8.71%, more than VESMX's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VSSVX VALIC Company I Small Cap Special Values Fund | 8.71% | 0.00% | 4.41% | 13.57% | 7.01% | 2.83% | 9.91% | 13.88% | 1.57% | 7.00% |
Frequently Asked Questions
VSSVX and VESMX have a correlation of 0.81, 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 VSSVX (3.96%). In terms of maximum drawdown, VSSVX dropped -68.85% vs VESMX's -20.35%.
VESMX currently has the higher Sharpe Ratio (1.22 vs 0.98), 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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